Entire floor in Suntec City Tower 2 up for sale at $36m

SINGAPORE – An entire floor in Suntec City Tower 2 is up for sale at an indicative guide price of $36 million. The price for the 9,989 sq ft office space comprising four strata titles works out to $3,600 per sq ft (psf), said its marketing agency, Knight Frank, on Tuesday (July 12). The space, which[…]

New CBD skyscraper ready by 2nd half of 2021

CapitaSpring to have 29 floors of office space; tenants include JP Morgan CapitaSpring, a 51-storey skyscraper in the Central Business District (CBD), is scheduled to be completed by the second half of this year. Providing an update on the building’s progress yesterday, its owners – CapitaLand Limited, CapitaLand Integrated Commercial Trust (CICT) and Mitsubishi Estate[…]

Post-pandemic: The office has a future

Random workplace chatter is still highly valued for sparking innovation, even though remote work is here to stay post-pandemic. In the first edition of the relaunched Tech section every Tuesday, The Straits Times speaks to tech giants and experts to get their views.   SINGAPORE – Casual encounters in the office cafe, lounge or hallway[…]

Q3 office rents in S’pore fall 4.5%, the steepest in 11 years

Office rents in Singapore saw their steepest decline in 11 years in the third quarter, official data showed yesterday, as the Covid-19 pandemic hit leasing demand for commercial real estate in the regional business hub. Rents for office space fell 4.5 per cent on a quarterly basis in July-September, data from the Urban Redevelopment Authority[…]

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[…]