Search Results for: Commercial Property

Proposed strata rule changes a nod to governance and transparency

PROPOSED changes to the law that governs the management and maintenance of strata properties here were announced on Wednesday, aimed at improving the governance and transparency in the management of strata-titled developments, and providing greater clarity to existing provisions. Chief … Continue reading

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Strata industrial units continue to lose their lustre since 2012 peak

THE shine is coming off industrial units. Waning investment yields and demand from end-users have kept a lid on buying interest. The numbers say as much. The number of strata transactions has been falling since the peak of 2012. Based … Continue reading

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Suntec Reit’s Q4 DPU slips, S$800m Penang Rd project to be completed end 2019

SUNTEC Real Estate Investment Trust posted on Wednesday a distribution per unit (DPU) of 2.596 Singapore cents for the fourth quarter ended December 31, 2016, 5.6 per cent lower than the DPU of 2.750 cents seen a year ago. Distributable … Continue reading

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Misuse of industrial space ever more widespread

THE misuse of industrial space has become rampant, and with tenants having settled into units in new strata projects offering office-like designs and proximity to transport nodes, the trend has become even more conspicuous. Businesses ranging from law firms and … Continue reading

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Chip Eng Seng looks poised for take-off

IN a property market where heavyweights such as CapitaLand and City Developments are in the limelight, a relatively small company like Chip Eng Seng Corporation appears to have escaped the attention of most analysts. Although earnings in recent years have … Continue reading

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Singapore investors pumped US$9.7b into Asia-Pac property in 2016

Singapore investors ploughed more capital into real estate in the Asia-Pacific last year than a year earlier, with land and offices topping their list of purchases, even as their acquisition fervour back home continued to ease. Outbound real estate investments … Continue reading

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Serangoon Plaza to be demolished to make way for 19-storey commercial complex

The five-storey Serangoon Plaza will soon be torn down to make way for a new commercial development, said property group Tong Eng on Tuesday (Jan 10). Tenants have been told to move out by the end of this month, Tong … Continue reading

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Surprisingly bullish bids swamp year’s first housing land tender

BULLISH bids poured in for the first tender closing of 2017. But property consultants can’t decide among themselves if it is a sign of market optimism or developers’ need for work. Construction company Low Keng Huat beat 10 other competitors … Continue reading

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Three parties shortlisted for Jurong Point

Macquarie, Blackstone and Frasers Centrepoint have been shortlisted for the purchase of Guthrie and Lee Kim Tah’s space in Jurong Point mall. The Business Times understands that Macquarie and Blackstone have each offered about S$2.2 billion – crossing S$3,350 per … Continue reading

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Property investment sales surge to 3-year high

It’s been a banner year for big-ticket property transactions of at least S$10 million each. As at Dec 23, the tally stood at S$22.5 billion – up 31 per cent from 2015′s S$17.2 billion, going by Savills Singapore’s figures. CBRE … Continue reading

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