Singapore has been ranked among Asia’s top commercial real estate locations with attractive submarkets for technology, media and telecommunications (TMT) occupiers, according to a research report by property services firm Colliers International. In particular, the Shenton Way/Tanjong Pagar district was rated top in Singapore for TMT firms and flexible workspace operators due to its "excellent...
Oxley Holdings will complete asset enhancement initiative (AEI) works on Chevron House and expects to achieve final completion of the sale of the 32-storey Raffles Place commercial building no later than the first quarter of 2020. It will also divest the retail and banking units "as soon as practicable, taking into consideration market conditions" but will do so before the final completion, the...
Singapore escaped the downtrend that caught every other major national Asia Pacific (Apac) real estate market in the first quarter of this year, with commercial real estate investment jumping 72 per cent year-on-year to US$1.9 billion, data released by Real Capital Analytics (RCA) on Tuesday show. "While the last three months of 2018 were dominated by a handful of major deals in the industrial sector,...
Spaces, owned by flexible workspace provider IWG, has opened two new locations in Singapore, at TripleOne Somerset and Clarke Quay. This brings the number of locations it has to four, with plans to open an additional two more by year-end. The TripleOne Somerset branch has a blue-chip tenant list which includes luxury and lifestyle brands such as Gucci, Casio and Samsonite. It spans over 35,000 square...
Frasers Centrepoint Trust (FCT) is looking to acquire a one third interest in Waterway Point, a large suburban mall located in Punggol, from its sponser Frasers Property in a S$440.6 million deal, it announced on Thursday. At the same time, FCT is launching an equity fund raising exercise, S$245.3 million of whose total proceeds will go towards partly financing the acquisition. The acquisition of...
JustCo has expanded to Taipei, securing three new co-working centres in the city. The centres are located at the Xinyi, Songshan and Zhongshan financial districts, and brings the company's portfolio to 32 centres across eight cities. The expansion follows JustCo's announcement in January that it is entering South Korea and Australia, with the opening of six co-working spaces in Melbourne, Sydney and...
Singaporeans are not spending like they used to, at least not in shopping malls. There are too many already and more are being built. But investors still have good reasons to back mall owners. Singapore has 6.1 million square metres of retail space, of which 8.7 per cent is vacant. Yet companies are forecast to add a further 364,000 sq m, with the biggest chunk hitting the market this year. This is...
The twin office blocks of CapitaLand's revamped Funan integrated development has garnered 98 per cent pre-leasing commitment of its total office net lettable area (NLA) of 214,000 square feet (sq ft). The CapitaLand Mall Trust-owned (CMT) Funan secured the pre-leasing commitment of about 210,000 sq ft of its NLA when it got its Temporary Occupation Permit in April. Funan’s office tenants, which...
Isetan Singapore will not renew the lease for its "loss-making" store at Westgate mall, the company announced in an SGX filing on Monday (May 6) before the market opened. The Japanese department store operator said its lease with JG Trustee (JGT) will expire on Dec 22 this year, after both parties were unable to reach an agreement on the lease renewal terms. "The rationale for the company’s...
Isetan Singapore will not renew the lease for its "loss-making" store at Westgate mall, the company announced in an SGX filing on Monday (May 6) before the market opened. The Japanese department store operator said its lease with JG Trustee (JGT) will expire on Dec 22 this year, after both parties were unable to reach an agreement on the lease renewal terms. "The rationale for the company’s...
Compare listings
Compare