April 23, 2019

Prime CBD office rents see broad based increase for seven consecutive quarters

SINGAPORE (EDGEPROP) – Average prime CBD office rents grew for the seventh consecutive quarter, rising 2.3% in Q1 2019 from the previous quarter, says Colliers International research.Beach Road micro-market led the way in prime CBD office rent growth, clocking the fastest pace of rent increase compared with other micro-markets in Q1 2019Colliers Research expects net demand for prime CBD office space to...

Realty Centre sold en bloc at $17m below reserve price

SINGAPORE (EDGEPROP) – Realty Centre sold en bloc at $148 million, $17 million below the reserve price of $165 million.Realty Centre, located in the core central region submarket of Tanjong Pagar has been sold enbloc for $148 million. Brokered by Property Consultants Cushman & Wakefield (C&W), this is the first fully commercial collective sale site concluded this year.Image credit: Cushman &...

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