Tag Archives: Singapore Office

More co-working spaces sprouting up in CBD as demand rises

Property developers are leasing more space to co-working space operators, even as demand rises from businesses in the new economy looking for flexible work areas. Currently, there are 53 co-working space locations in Singapore, almost one-third of which are in … Continue reading

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DBS Group selling PwC Building to Manulife

In the first transaction of an entire Singapore office building this year, DBS Group announced on Friday evening that it is selling PwC Building at 8 Cross Street to an indirect subsidiary of Manulife Financial Corp. The deal values the … Continue reading

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The Prospex back on the market, with lower price tag

THE Prospex, a nine-storey retail and office building next to Bugis+, is back on the market, this time with an indicative guide price “in excess of S$70 million”. This appears to be lower than the S$80 million asking price when … Continue reading

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GSH, Vibrant stand to book nice gains from GSH Plaza sale

GSH Corporation stands to make a net profit of nearly S$80 million from disposing of its 51 per cent stake in the consortium that holds GSH Plaza. This figure is based on information released in the regulatory filing by GSH … Continue reading

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GSH-led consortium in deal to sell company holding GSH Plaza to HK-listed Fullshare

A CONSORTIUM led by Sam Goi’s GSH Corporation has entered into a binding term sheet with Hong Kong-listed Fullshare Holdings for the proposed sale of the consortium’s investment vehicle, Plaza Ventures, at S$725.2 million. Plaza Ventures is the vehicle the … Continue reading

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Robinson Towers carpark to use smart vehicles for parking

WHEN the redeveloped Robinson Towers opens in end-2018, it will be equipped with a new automatic carpark system that uses battery-powered automated guided vehicles (AGVs) instead of conveyor belts or lifts. MHE-Demag, the material-handling arm of industrial group Jebsen & … Continue reading

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Red Dot Traffic building to have its heritage restored in S$25 million plan

THE Ministry of Law (MinLaw) yesterday unveiled a S$25 million refurbishment plan that will restore the heritage of the Red Dot Traffic building at 28 Maxwell Road. Last month, MinLaw announced that it would be taking over the conserved building … Continue reading

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Commercial rent, price slide worsens in 2016

Rents and prices of commercial space in Singapore fell at a faster clip last year compared to 2015, with office vacancies rising to a near five-year high since Q1 2012 after some large projects were completed. Latest data from the … Continue reading

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Office, retail rents down over 8% in 2016; office vacancies jump to 11.1%: URA

RENTS and prices of commercial space in Singapore fell by a faster clip in 2016 compared to 2015, with office vacancies shooting up to a four-year high since Q1 2012. Latest data from the Urban Redevelopment Authority (URA) released on … 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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