A freehold strata office floor at Sim Lim Tower in Jalan Besar has been put up for sale by tender with an asking price of S$15 million, marketing agent Edmund Tie & Company (ET&Co) said on Monday. Located on the 15th storey of the 17-storey building, the property spans the entire floor and has a total area of about 778 square metres (sq m) or 8,374 square feet (sq ft). It offers a 360-degree panoramic...
A corner conservation shophouse on 65 Club Street has been relaunched for sale at an indicative guide price of S$23 million via a public tender exercise. The heritage three-storey building with an attic has a 999-year lease tenure and occupies a land area of 2,083 square feet (sq ft) and a total floor area of 5,640 sq ft, said the exclusive marketing agent JLL on Monday morning. The indicative price...
Three adjoining corner shophouses in the Little India heritage area are up for sale with a reserve price of S$11 million, said its marketing agent Cushman & Wakefield on Monday. The properties, with individual land titles, sit on a combined land area of about 3,870 square feet, and has an estimated total floor area of about 7,771 sq ft. The indicative price of S$11 million works out to be about S$1,415...
Rentals for Grade A office buildings in Singapore's Central Business District (CBD) are expected to rise by 8 per cent this year, and 5 per cent in 2020, amid tight supply and high pre-commitments, according to a report by Colliers International. The real estate services and investment management firm also expects new supply in 2019-2021 to average 614,000 sq ft (57,000 sq m) per annum, or 2 per cent of...
Stealth marketing is going on at 71 Robinson Road, which was last transacted in April 2008 at a then-record price of S$3,125 per square foot. The Business Times understands that an expression-of-interest exercise to find a buyer for the 15-storey office block began without publicity in April, with the appointed marketing agents, CBRE and JLL, approaching a small pool of potential buyers. Submissions...
Two freehold commercial shophouses located separately at 148 Neil Road and 114 Jalan Besar have been put up for sale via an expression of interest exercise, exclusive marketing agent CBRE said on Wednesday. The two-storey Neil Road shophouse has a guide price of S$15.5 million. It includes a basement and attic level, and sits on a freehold site of about 1,587 square feet (sq ft), with a total built-up...
Five adjoining freehold prime shophouses situated in the Kampong Glam conservation area have been put up for sale via an expression of interest exercise, at an indicative price of S$23.8 million for the entire portfolio. This works out to S$2,970 per square foot (sq ft), sole marketing agent CBRE said on Monday. As the property is also zoned as full "commercial" under the 2019 Draft Master Plan,...
Last Friday's completion of the acquisition of Liang Court mall along River Valley Road by CapitaLand and City Developments Ltd (CDL) brings together two property groups that have adopted somewhat different business strategies in the past. With their S$400 million purchase of the mall from an entity linked to PGIM Real Estate, control of the overall Liang Court mixed-development complex has narrowed...
After a three-year redevelopment, Funan is set to reopen its doors to shoppers on Jun 28, developer CapitaLand announced in a press release on Monday (Jun 3). More than 180 brands, including new-to-market brands, new concept stores and flagships, will feature at Funan. Among the mall’s new tenants is tech company Dyson, whose first standalone store in Singapore will be dedicated to its Supersonic...
Three floors at The Octagon, a 25-storey freehold office building on 105 Cecil Street, have been launched for bulk sale by tender on Monday. The prime ground floor retail unit and two office floors have a total indicative price of S$43 million, which works out to S$3,500 psf for the retail floor and S$2,450 psf for the office floors, according to sole marketing agent Cushman & Wakefield. Located on...
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