A pair of freehold two-storey conservation shophouses at 69 and 71 Kampong Bahru Road is up for sale. The shophouses, which come with attics, occupy a land area of 2,343 square feet and have an estimated gross floor area of 5,947 sq ft. It is zoned "commercial" under the Urban Redevelopment Authority's 2014 Master Plan, which means foreigners are eligible to buy the property. In addition, there is...
A batch of six adjoining and refurbished strata offices at International Plaza in Tanjong Pagar are up for sale with a guide price of S$11.97 million. They are available on a sale and leaseback scheme with immediate annual gross rental yield of 4.2 per cent for at least five years, said marketing agent Colliers International in a press statement on Friday. The guide price works out to S$1,850 per...
Tightening vacancies have driven up Singapore prime office rents in 2018. This saw average CBD (central business district) Grade A office rent rising by 2.4 per cent to S$9.43 per square foot per month (psf pm) from Q3 to Q4 2018, bringing the full year rental growth to 14.9 per cent, Colliers International's data showed. This is the fastest annual growth since 2010, where rents rebounded by 22 per cent...
A freehold four-storey commercial building near Jalan Besar MRT is being put up for sale in an expression of interest exercise, exclusive marketing agent JLL said on Tuesday. The exercise closes at 3pm on March 20, 2019. The property, 7 Hindoo Road, has a 15-metre wide frontage, a land area of 3,519 square feet and a gross floor area (GFA) of about 13,970 sq ft. The guide price is S$25 million or...
Rents of office space in the central region of Singapore rose by 0.5 per cent in the fourth quarter of 2018 over the previous three months - a slower pace of gain compared with the 2.5 per cent rise in the third quarter, figures from the Urban Redevelopment Authority (URA) showed on Friday. For the whole of 2018, the rental index rose 7.4 per cent, compared with the increase of 0.4 per cent in...
Rents for retail space in the central region of Singapore rose by 1.2 per cent in the fourth quarter of 2018 over the previous three months - contrasting with the drop of 1.2 per cent in the third quarter, according to data released by the Urban Redevelopment Authority (URA) on Friday. For the whole of 2018, retail rents weakened by 1.0 per cent, after sliding 4.7 per cent in 2017. URA's price index...
A freehold six-storey commercial building in 291 Serangoon Road is being relaunched for sale at a lower price of between S$46 million and S$49 million. The property was previously put up for sale last September with a guide price of S$52 million. Upon the close of the Expression of Interest (EOI), a few offers that fell short of the owner’s expectations were received, said marketing agent JLL. The...
Google is planning to expand in Singapore, going by market talk that it plans to boost its real estate footprint on the island. The tech giant is understood to be in advanced talks to lease close to 400,000 sq ft at Alexandra Technopark, which is next to Mapletree Business City II, where Google occupies about 500,000 sq ft. Market watchers note that Mapletree Business City II, which has a total net...
Serviced residence Ascott Raffles Place Singapore, which is housed within a restored 1950s heritage building, is set to be sold off for S$353.3 million by Ascott Residence Trust (Ascott Reit). The sale price is 64.3 per cent above the property’s latest valuation of S$215 million as at Dec 31, 2018, Ascott Reit said in a stock exchange filing on Wednesday (Jan 9). It said that the buyer is an...
Shopee, the e-commerce arm of Singapore-based, New York-listed Sea Ltd, is understood to have fully leased a new business park development at 5 Science Park Drive. The six-storey project, with frontage along Ayer Rajah Expressway, will have about 240,000 sq ft net lettable area. It is expected to receive Temporary Occupation Permit (TOP) soon. Located near Kent Ridge MRT Station, the project is a...
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