Commercial Property
Mall operators may raise rents by 6.5% or more this year: DBS
Mall operators may raise rents by 6.5% or more this year: DBS
Despite 2.6msf of retail space over 2009/2010 falling to 0.9msf p.a over the next 2 years, landlords will still get a raise.
Singapore office property market up 8% quarter-on-quarter in 1Q 2011:Colliers
Average monthly gross rents Grade A office space reached S$9.72 per sq ft in 2011.
Singapore will contribute 3% of world's total new office supply in 2011:CBRE
CBRE forecasts that 62% of all new office developments in 2011 will take place in Asia.
Singapore office market gross effective rent up 29% year-on-year in 1Q 2011
The average CBD Prime Grade A gross effective rent showed an increase of 7.0% q-o-q to $10 per sq ft per month.
Tender for land parcel at Choa Chu Kang Drive received 6 bids
The highest bid came from Camborne Developments with a tender price of $170,100,000 or $3,453.71 psm.
One Finlayson Green sold for this year's highest per square foot price of $2,520
The building was sold at $227 million or $2,360 per sq ft on the strata area.
Freehold seven-storey office building at 22 Martin Road up for sale
Sitting on a freehold land of approximately 11,473 sq ft, the 10-year-old development has a gross floor area of some 34,556 sq ft.
Commercial landlords to benefit from strong recovery in capital values
Prime Grade A office rents have continued to inch up in recent months, albeit at a slightly moderated pace.
K-REIT Asia up stake in Prudential Tower to 93%
The Acquisition is expected to be DPU accretive and enlarges K-REIT Asia's existing 73% strata interest.
Alpha Investment Partners and NTUC Income jointly acquire Capital Square
This agreement is for an investment consideration of about $889 million.
Keppel Land to build homes in Sengkang
The 1.8-ha site will yield about 630 units that are about 200 metres to the Sengkang MRT/LRT station and bus interchange.
CBRE launches tender for collective sale of Newton Lodge
Newton Lodge is a 16-unit apartment development which is located less than 300 metres away from Novena MRT Station.
New property measures may target small units:DBS
Despite the proportion of buyers falling marginally to 33% in January 2011, channel checks confirmed that smaller size units remained popular.
Developers slowly raise prices of properties:DBS
New launches have achieved decent take-up and developers are taking this window of opportunity to raise prices, although at a slower rate.
Urban Redevelopment Authority seeks feedback on proposed property regulatory changes
URA will be enhancing the HDCLA and HDR to give home-buyers access to accurate and timely information about the market and units that they are buying...
Housing and Development Board launched tender for land at Pasir Ris Central
The sale of land at Pasir Ris Central/Pasir Ris Drive 1 is under the Design, Build and Sell Scheme.
Tender for Sengkang Square received 9 bids
Keppel Land Realty emerged as highest bidder with the bid of $286,790,000 or $5,400.94 psm.
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