Lower demand with remote working

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[…]

Tight supply keeps office and prime retail rental steady

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[…]

WeWork leasing 21-storey tower in CBD

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[…]

First quarterly drop in office rental index since 2017

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[…]

6 strata offices for sale at International Plaza

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[…]

Crown At Robinson Has Reached TOP Status

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┬áto markets right in the[…]