April 30, 2019

SINGAPORE (EDGEPROP) – Queensway Shopping Centre and its adjoining apartment, Queensway Tower, have started the process for en bloc sale. Berita Harian which reported on the en bloc attempt of Queensway Shopping Centre and Queensway Tower noted that the en bloc sales process was started after the property cooling measures introduced by the Government in July last year. Many en bloc sales attempt failed...

SINGAPORE (EDGEPROP) – Referring to the recently released statistics by the Urban Redevelopment Authority (URA), JLL said that the retail property market is still trying to find its footing. JLL said that both the rent and price indices of retail space in the Central Region returned to the contractionary mode following 4Q18’s expansions.Image credit: Wikimedia CommonsJLL said rents only recorded a...

SINGAPORE (EDGEPROP) – The Singapore industrial is a picture of stability with cautious optimism ahead for 2019, said a JLL commentary on the JTC All Industrial Rental Index in Q1 2019. The report said that the Singapore industrial property market starting the year on a positive note as net absorption of industrial space improved quarter-on-quarter and year-on-year.Tay Huey Ying, JLL’s Head of...

SINGAPORE (EDGEPROP) – Sim Lim Square owners on April 29 put up the property for collective sale via public tender with a reserve price of $1.25 billion. Sim Lim Square owners each stand to receive between $488,000 and $67.5 million if the sale is successful, said marketing agent SLP Scotia. More than 80 per cent of the 423 owners consented to the sale on March 11.Image credit: Skirtick, Wikimedia...