Commercial Property
CDL sells 2 Jalan Besar commercial properties for $13.8m
CDL sells 2 Jalan Besar commercial properties for $13.8m
They have a combined site area of 3,230 sqft and a gross plot ratio of 3.0.
Singapore maintained industrial site supply over weak demand
JTC put up 12.59 ha of industrial sites for its land sales programme.
CapitaLand's portfolio value hits $10.9b
It is poised to benefit from the growth of Frankfurt’s banking district and overall office market after its acquisition of 94.9% of Galileo.
JTC to sell 12.59 ha of industrial sites in H2 2018
There are six sites under Confirmed List whilst seven sites are part of the Reserved List.
APAC crowned as world's largest source of real estate capital
Capital outflows from China, Hong Kong, and Singapore that totalled US$71.9b secured APAC's top spot.
MYP sells Cecil Street property for $247m
MYP Plaza has 14-storeys of office units and 3 basement car park levels.
Singapore's overseas real estate investment jumped 35% to US$19.9b
Most of the capital was directed to the US, Australia, and the UK.
JLL and Lendlease launch proptech accelerator
Qualified startups stand to receive $20,000 grant.
APAC office prices up 1.7% in 2018
Hong Kong prime offices are the world's most expensive at US$306.57 per sqft per annum.
Chart of the Day: See how Singapore's office tenant mix changed in 13 years
Tenants from financials used to dominate with 47% market share but now comprise 21% of the pie.
Office take-up rate in Q1 alone beats 2017 record
Net take-up is at 6% so far, higher than the 2-3% rates recorded in 2017.
Singapore's pool of foreign properties is now the largest in Asia
Strong cross-border capital flows drove overall commercial real estate investment activity to rise 16% YoY to $11.5b.
Singapore's Ho Bee Land buys London Grade A office tower for $1.16b
The property, Ropemaker Place, is 21 stories high and 602,000 sqft large.
Chart of the Day: Startups embracing co-working spaces could save as much as $4,000
An average hot desk costs $489 monthly.
Park House sold for record $2,910 psf ppr
The sale exceeded the Hampton Court collective sale site which went for $2,526 psf ppr.
Keppel completes $298.9m Sunview Way property acquisition
It was bought $3.8m higher than the original price.
80% of Paya Lebar Quarter already pre-leased
Great Eastern is its latest tenant that will be leasing 125,000 sqft at Tower 3.
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