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[…]

33 units at Parklane Shopping Mall up for sale

A block of 33 strata retail units on the first-level basement of Parklane Shopping Mall is up for sale with an indicative value of $55.7 million. The price translates to around $2,200 per sq ft based on a total strata floor area of 2,352 sq m, property firm Colliers International said yesterday. Parklane’s commercial-use zoning[…]

Why strata malls are struggling to survive

Poor tenant mix and absence of coordinating body to do promotions cited as factors It is late afternoon on a weekday and the Novena Regency strata-titled mall looks more like a ghost town than a consumer hub. There is not a single person walking about, shutters are down on many shops, while the majority of[…]