Commercial Property
Ming Arcade up for collective sale by tender
Ming Arcade up for collective sale by tender
The redevelopment site, located on 21 Cuscaden Road is zoned ‘commercial’ with a gross plot ratio of 4.2+ and an allowable building height of 20...
Divestments hurt CapitaCommercial Trust
Gross revenue fell 9.2% after dropping Robinson Point and Starhub Centre.
CapitaLand enters JV to redevelop Market Street Car Park
The total project development cost is estimated to be more than S$1b.
URA closes tender for Pioneer Road North / Soon Lee Street site
Highest bid among seven developers was over $64m by KNG Properties.
Public sector investment sales jump 38.2% to $4.67b
This is the highest quarterly level of state land sales achieved in four years.
Rentals for factory and warehouse spaces surge by 6-7% in 2Q 2011
This is the fastest quarterly growth in three years.
Incredible tourism buoys retail property market in Q2 2011
A record 1.1 million tourists visited Singapore in April, says Singapore Tourism Board.
S-REITs beat developers by 13%
They have collectively acquired cS$1.9bn of assets YTD.
Grade A office space occupancy dips to 93.5% in 2Q 2011
The slip in occupancy rate was most pronounced in the Raffles Place/New Downtown where it fell 1.5 percentage points to 94.2%.
Peace Centre/Peace Mansion up for collective sale
Tender closes at 3pm on 3 August 2011, so hurry.
Temasek Tower Limited put under members’ voluntary liquidation
The CapitaLand subsidiary has been dormant since 2007.
Ascendas REIT acquires Nordic for S$122m
The latest acquisition in International Business Park will add 0.02S¢ to the company’s distribution per unit.
Office tenants are moving to hi-tech industrial space
Average gross rent for private high-tech space may have grown to $3.45 per sq ft per month, but tenants are relocating amidst faster increase in...
Government Land Sales a hit
Purchases of Government Land Sales sites made up the bulk of investments in the second quarter.
Foreigners more active in property buys
They accounted for 17.6% of investment deals, compared to 10.5% in the first quarter.
CapitaLand puts up subsidiary in China
As part of its ongoing business development, CapitaLand established StorHub Songjiang (Shanghai).
Lull’s over: Industrial property rentals on a tear in 2Q 2011
Prime factory and warehouse spaces see fastest quarterly growth of 6-7% in average monthly gross rents in 3 years.
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