GuocoLand Limited today announced the groundbreaking of Guoco Midtown, unveiling the name of the prime site that is set to rejuvenate the Beach Road district. It will provide a new epicentre for this side of Singapore’s Central Business District (CBD). Guoco Midtown is expected to be completed by the first half of 2022. Nestled within the City Hall office micromarket, Guoco Midtown will be the final...
Veteran property investor Stanley Quek is selling another conservation shophouse property. This time, an entity connected to him has offloaded three adjoining two-storey shophouses on Tras Street, for S$21.2 million. The property, which is part of the Tanjong Pagar Conservation Area, is being bought by an entity affiliated to Clifton Partners, a real estate investment firm owned by Singaporean Zain...
Private equity-owned Columbia Real Estate is offering three restored adjoining conservation shophouses for sale. The three shophouses are freehold properties located at 8, 10 and 12 Aliwal Street. They have been zoned “commercial” and have been approved for use as a boarding house with a hotel license. The shophouses occupy a prime location in the Kampong Glam precinct and are situated just 350...
The appointed exclusive marketing agent - JLL, is calling offers for the purchase of two prime three-story conservation shophouses in Singapore’s historic Chinatown district. The two shophouses are a freehold and a 99-year leasehold property located respectively at 31 and 76 Pagoda Street. Both properties are zoned "commercial" and have been approved for use as food and beverage outlets. Foreigners...
Colliers International’s data shows average CBD premium and Grade A rental value rose 4.3 per cent to S$9.20 per square foot per month in the third quarter of 2018 over the previous quarter. The rental figure for Q3 2018 reflects an increase of 12.1 per cent from Q4 last year. The property consulting group is forecasting a full-year rise of 14 per cent – the first double-digit annual growth since 2011...
Merchants Building at 76 South Bridge Road, has been put up for collective sale by tender with a reserve price of S$23.5 million. The seven-storey freehold commercial building has a land area of 104.5 square metres. Under the Urban Redevelopment Authority's Master Plan 2014, it is zoned “commercial” with a gross plot ratio of 4.2. The property is located on an envelope control site, within the...
Singapore’s latest mall library will open in VivoCity on 12 January 2019, promising book lovers here a new exciting venue with the latest features and services. The public library will offer conducive reading spaces for patrons of all ages set against a splendid view of Sentosa. To fit its location and help patrons locate it easily, the library will be named library@harbourfront. The library, which...
Co-working giant WeWork has announced the official launch of three new offices in Suntec City Tower 5, City House and 8 Cross Street in Singapore, bringing its footprint here to over nine locations with 4,000 members. This comes amid the US company's aggressive expansion in South-east Asia. New locations are slated to open in Bangkok, Ho Chi Minh City, Jakarta, Kuala Lumpur and Manila by the end of the...
Entities connected to veteran property investor Stanley Quek are understood to be selling a pair of adjoining shophouses in Duxton Hill and a shophouse in Stanley Street in separate deals totaling S$37.3 million. The pair of shophouses at 40 and 41 Duxton Hill are changing hands at S$24.8 million. They are on two separate land lots, but the units are linked, forming a distinctive corner shophouse...
When it comes to renting an office in downtown Singapore, the tables have turned. Landlords now have the upper hand in rental negotiations, with leasing rates in the city-state's prime business districts rising at the steepest pace in more than four years. And with both demand accelerating and supply dwindling, rents are forecast to remain firm until at least 2022, when new supply is expected to come...
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