Centrium Square is a new mixed-use integrated commercial development in the prime location on Serangoon Road. With its bold vibrant, contemporary design, it offers high specification office spaces and modern medical suites all complemented by attractive shops. Strategically located in the heart of city fringe, it is easily accessible via major roads, expressway and just miinutes walk to Farrer Park MRT...
Located in the heart of Singapore’s 2nd Central Business District (CBD), Vision Exchange possesses the requisite locational advantages and premium specifications that appeals to business users and real estate investors alike. Dubbed the “District of the Future”, Jurong Gateway will drive Singapore's growth into the future economy, and cater to the diverse needs of businesses, residents and...
It was, in the words of Lynette Leong, CEO of the manager of CapitaLand Commercial Trust (CCT), "the moment we have all been waiting for". CapitaLand, CCT and Mitsubishi Estate on Thursday said that they were redeveloping Golden Shoe Carpark into a mixed-use project for about S$1.82 billion before acquisition costs. The market has been waiting for the announcement since the trust first announced its...
ARC 380 is the newest landmark on the city fringe - a magnificent 16-storey commercial development located mere minutes from the Central Business District, the Novena medical hub and Marina Bay Financial Centre. Bendemeer MRT Station is a five minute stroll away and all major expressways and arterial roads are easily accessible to ARC 380. With a modern contemporary design, ARC 380 stands out effortlessly...
A row of six adjoining conservation shophouses in Tanjong Pagar has been put up for sale at an indicative price of $57.8 million. Marketing agent JLL yesterday said the guide price for the units - 48 to 56 Peck Seah Street - works out to about $2,900 per sq ft, based on the existing gross floor area of 19,938 sq ft. The units, which are owned by a fund managed by Phoenix Property Investors, have a...
Property developers are leasing more space to co-working space operators, even as demand rises from businesses in the new economy looking for flexible work areas. Currently, there are 53 co-working space locations in Singapore, almost one-third of which are in the Central Business District (CBD) – up from about one-fifth of the overall 40 co-working offices a year ago, according to real estate company...
In the first transaction of an entire Singapore office building this year, DBS Group announced on Friday evening that it is selling PwC Building at 8 Cross Street to an indirect subsidiary of Manulife Financial Corp. The deal values the 28-storey office block at S$747 million, which works out to S$2,100 per square foot based on its net lettable area of 355,704 sq ft. The property is on a site with a...
Hong Kong's office rents are almost three times more expensive than those in Singapore as property markets in two of Asia's largest commercial centers have diverged sharply in recent years. The spread has boosted Singapore's appeal as a competitive business hub and made it a more attractive location for companies to house their regional headquarters, according to Cushman & Wakefield Inc. Scarce...
CUSHMAN & Wakefield, together with the Collective Sale Committee, has secured approval for the redevelopment of Singapore's first air-conditioned mall Katong Shopping Centre for commercial and serviced residence use. The reserve price remains the same at S$630 million which translates to a land price of $S2,248 per square foot of gross floor area, said Cushman & Wakefield, the exclusive marketing agent...
Property and hotels group City Developments Ltd (CDL) is planning a major refurbishment of its flagship Singapore office property in Raffles Place, turning an imminent outflow of some tenants into an opportunity to spruce up the ageing building. CDL deputy CEO Sherman Kwek, speaking to reporters after the group posted weaker fourth quarter and full year earnings, said works at Republic Plaza are likely...
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