Leasing activity remained muted during the second quarter as brokers were unable to close deals during the circuit breaker period. The demand for new office space in the near term is likely to remain weak because remote working is continuing to be the default mode of operation, even after the circuit breaker. Also, corporate occupiers[…]
SINGAPORE (THE BUSINESS TIMES) – Mainboard-listed hotel operator and property developer Far East Orchard on Friday (June 26) said it has sold 62 per cent of the 208 office units launched for sale in Woods Square, and recognised $4.3 million in its share of the profit from the development as at March 31. Woods Square[…]
SINGAPORE (THE BUSINESS TIMES) – Oxley Holdings and Oxley Beryl, which owns the former Chevron House, have entered into property sale agreements for the retail and commercial units in the 30 Raffles Place development for a total of some $315 million. The retail strata lots at Levels B2, B1, 1 and 2 will be sold[…]
SINGAPORE – Eligible sub-tenants of government-owned properties managed by the Singapore Land Authority (SLA) will benefit from additional rental waivers. The waivers are going to more than 2,000 commercial tenants and around 100 social sector tenants as part of assistance to pandemic-hit businesses. Master tenants – those who have sub-let state property – must pass[…]
SINGAPORE – Landlords facing cash-flow constraints as a result of providing relief to tenants under the proposed Covid-19 amendment Bill will get more help with their existing loan commitments as well as with easing their cash-flow needs. Landlords who are individuals and are current in their loan repayments as of Feb 1 can defer both[…]
Market confidence might have been dented due to weaker economic growth and the escalation of the trade war but landlords have been able to hold rents steady due to tight vacancies and limited upcoming supply. In fact, Grade A Central Business District (CBD) rent increased marginally by 0.4 per cent to $10.65 per square foot[…]
CapitaLand Commercial Trust (CCT) will lease out 21 Collyer Quay – a 21-storey building in Singapore’s financial district currently occupied by HSBC – to United States co-working giant WeWork. The move marks WeWork’s expansion in Asia. The tower will be its biggest property in Singapore and has a net lettable area of about 200,000 square[…]
SINGAPORE – The entire 30th floor located in Grade A office building Springleaf Tower is up for sale via an expression of interest, with a guide price of $29.5 million. This works out to about $2,746 per square foot (sq ft) based on the strata area of 10,742 sq ft, exclusive marketing agent CBRE said[…]
The office rental index compiled by the Urban Redevelopment Authority (URA) declined by 0.6 per cent in the first quarter of this year after rising for six consecutive quarters, the first quarterly drop since the second quarter of 2017. This was mainly driven by the fall in the rental index in the fringe area, which[…]
A batch of six adjoining and refurbished strata offices at International Plaza in Tanjong Pagar is up for sale with a guide price of $11.97 million. The offices are available on a sale and leaseback scheme with immediate annual gross rental yield of 4.2 per cent for at least five years, said marketing agent Colliers[…]
Brand New Offices Now Ready For Immediate Occupation Crown at Robinson has just reached TOP status. This rare freehold office development is located right in the heart of the central business district. With an address at 140 Robinson road. This is the must-have address for business who wants branding and accessibility to markets right in the[…]