SINGAPORE (EDGEPROP) – The Central Region office rents posted its first correction since turning around in 3Q17. showed the Urban Redevelopment Authority (URA) statistics. JLL commenting on this price correction in the Central Region office rents said the government data runs contrary to JLL’s observation of “rent growth accelerating in 1Q19 across almost all submarkets tracked.”Specifically,...
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) – Private home price decline gained momentum in Q1 2019 by dropping 0.7 per cent, following a 0.1 per cent decrease in the fourth quarter showed the Urban Redevelopment Authority (URA) statistics. The private home price decline was steeper than the 0.6 per cent decrease in URA’s flash estimate released earlier this month.Private home price decline gained momentum in Q1 2019The...
SINGAPORE (EDGEPROP) – JLL said on April 23 that it is pleased to launch for sale by Expression of Interest, 9 and 11 Third Chin Bee Road – two “Business 2” industrial properties in the established industrial estate of Chin Bee.Image credit: JLLThe industrial properties consist of two buildings containing warehousing, production and office spaces, interlinked by a covered yard for the loading and...
SINGAPORE (EDGEPROP) – CBRE announced on April 24 that it is launching three adjoining office units at Peninsula Plaza for sale via an Expression of Interest exercise. Located on the 12th storey, the area of each unit ranges from 1,001 square feet to 1,776 square feet and totals to a combined area of 4,262 square feet.The three adjoining office units have a 999-year tenure.Image credit: JLLPeninsula...
SINGAPORE (EDGEPROP) – Singapore’s new-gen integrated development Funan has successfully obtained its Temporary Occupation Permit (TOP). This milestone puts Funan a step closer to opening its retail and office components in 2Q 2019, as announced last September. Funan is owned by CapitaLand Mall Trust (CMT) and managed by CapitaLand.From groundbreaking to completion, the construction of Funan took 27...
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) – 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...
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 &...
SINGAPORE (EDGEPROP) – Cushman & Wakefield announced on April 18 that they have brokered the sale of an office building – 7 & 9 Tampines Grande – to Evia Real Estate and Metro Holdings Limited. The Capital Markets team at Cushman & Wakefield secured the buyer on behalf of Alpha Investment Partners and City Developments Limited.The office building comprises a pair of eight-storey premium...
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