Office / Retail Space

Unlocking Investment Potential: A Comprehensive Guide to Commercial Property in Singapore

Embracing a Shift: Navigating Commercial Property Investments Amidst New Regulations Property investment in Singapore has always been a preferred avenue, with residential properties taking the lead due to their perceived ease. However, recent adjustments to the Additional Buyer’s Stamp Duty (ABSD) rates in the April 2023 property cooling measures have tilted the scales, making subsequent residential...

Investing in a Piece of Singapore’s History: Shophouses Explained

Shophouses are a unique and iconic feature of Singapore's architectural and cultural heritage. These multi-functional buildings, with their distinct design and history, are cherished by locals and visitors alike. In this section, we will take a closer look at the definition of shophouses, their unique architecture and design, and the conservation of shophouses in Singapore and the investment value in...

Renting a Retail Space in Singapore: What to Look Out For (part 2)

Welcome to Part 2 of the series on finding the perfect retail space in Singapore. In Part 1, we discussed the key factors to consider when evaluating a retail space, including location, unit size, rent and GTO. In this installment, we will focus on the the condition of the space, lease terms, competition and complimentary businesses, amenities, zoning and future development plans. Whether you're a...

Renting a Retail Space in Singapore: What to Look Out For

When it comes to starting or expanding a business, finding the right retail space is crucial. The location, size, condition, lease terms, and amenities of a space can all have a major impact on the success of a business. In Singapore, where retail space is in high demand, it's important to understand the factors to consider when renting a retail space. This article will guide readers through the process...

Consortium buys conserved building Golden Mile Complex for S$700 million en bloc

The building will be "sensitively renovated," with special attention made to preserving its major features and unique terraced profile The Golden Mile Complex was sold for S$700 million to a consortium consisting of Perennial Holdings, Sino Land, and Far East Organization, according to Edmund Tie, the complex's sole marketing agent (May 6). This comes after the agency obtained "overwhelming support"...

Verdun House sold for $55.1m to Fragrance Group CEO

At a tender procedure that ended on April 26, 2022, Verdun House, an en bloc site in Farrer Park that is situated at the intersection of Verdun Road and Sam Leong Road, was sold for $55.1 million. The CEO of the Fragrance Group, Mr. James Koh, placed the highest offer. The transaction has the approval of the owners of 15 out of the 16 strata-titled apartments, or 93 percent of the complex. The Strata...

Tanglin Shopping Centre sold for S$868 million in 4th collective sale attempt

Savills Singapore, the mall's marketing agent, said on Wednesday that Tanglin Shopping Centre has been sold for S$868 million after its fourth collective sale effort (Feb 23). The building was sold to Pacific Eagle Real Estate, a Singapore-based developer owned by the Tanoto family, who has for over 50 years developed and managed the Royal Golden Eagle group of companies, which produces natural fibers,...

Peace Centre, Peace Mansion sold for S$650 million on fifth attempt

Peace Centre, a shopping mall, and Peace Mansion, an adjacent apartment complex, have been sold after a fifth attempt at a collective sale, according to exclusive marketing agent JLL (Dec 3). CEL Development, Sing-Haiyi Crystal, and Ultra Infinity formed a joint venture to purchase the mixed-use property on Sophia Road for S$650 million. The reserve price for the collective sale was established at...

Foreign buyers, family offices and funds hold up demand for shophouses

Following a significant surge in purchasing activity at the end of last year, continued interest from overseas purchasers, family offices, and institutional investors has maintained demand for shophouses in the first quarter of 2021. 51 transactions totaling S$328.3 million were registered in the first quarter of this year, as per data gathered on April 6. Despite the fact that this is less than the...

URA offers sweeteners to Orchard OG, Midpoint and Faber House to spur Orchard makeover

The Urban Redevelopment Authority (URA) is offering the owners of Midpoint Orchard, Orchard OG and Faber House sweeteners to spur them to redevelop as part of Singapore’s plan to rejuvenate its most famous shopping belt. Observers said that this could be a way to negotiate the tricky situation surrounding Midpoint Orchard – a strata-titled building which, The Straits Times understands, has about 60...

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