Singapore Shopping Centre is back on the collective-sale market, half a year after its previous attempt in July 2019, with an unchanged reserve price of S$255 million. This time, though, the seven-storey retail and office building in Clemenceau Avenue has been given provisional approval to re-zone for hotel use, its marketing agent said on Wednesday. The site, which occupies a 2,449.8 square metre...
Two conservation shophouses in Neil Road and three other shophouses with adjoining land in Jasmine Road are separately up for sale in the market, Colliers International said in a press statement on Wednesday. The pair of of adjoining two-storey conservation shophouses with attic at 65/67 Neil Road has an indicative price of S$15.57 million. This translates to about S$2,800 per square foot (psf), based...
Frasers Property on Monday announced that Frasers Property Retail has entered into an agreement to acquire property manager AsiaMalls Management for an undisclosed sum. AsiaMalls Management manages a portfolio of five malls in Singapore: Century Square, Hougang Mall, Tampines 1, Tiong Bahru Plaza and White Sands. It also manages a 20-storey office tower, Central Plaza, along Tiong Bahru Road. The six...
A portfoilo of 11 freehold commercial units at mixed-use development Balestier Point is up for sale at S$68 million, exclusive marketing agent Savills Singapore said on Wednesday. Unit sizes range from 269 to 5,609 square feet (sq ft), making up a total strata area of about 19,787 sq ft. The units can be bought individually or collectively, with the smallest unit priced at about S$1.2 million. They...
A corner pair of freehold shophouses at 24 and 26 Moonstone Lane is up for sale as a bundle with an indicative price of S$6.6 million, marketing agent CBRE said on Tuesday. The two-storey shophouses occupy a total site area of about 2,877 square feet (sq ft) and have a combined existing built-up area of about 4,628 sq ft. Under the Urban Revelopment Authority's (URA) 2019 Master Plan, the properties...
Two retail units within a shophouse in Holland Village together with their adjacent front and rear land parcels have been launched for sale at an indicative price of S$13.8 million. The two strata units, one on the first storey and the other on the second storey, are located at 26A and 26C Lorong Mambong respectively. The freehold properties have a total strata area of about 1,840 square feet (sq...
Rentals of office space in the central region of Singapore eased 3.2 per cent in the fourth quarter of 2019 over the previous three months - a bigger drop compared with the 0.6 per cent fall in the third quarter of 2019, figures released by the Urban Redevelopment Authority (URA) showed on Thursday. For the whole of 2019, the rental index slipped 3.1 per cent - contrasting with the increase of 7.4 per...
Rents of retail space in Singapore's central region rose 2.3 per cent in the fourth quarter of 2019 over the previous three months, following the same rate of increase in the third quarter of 2019, according to data released by the Urban Redevelopment Authority (URA) on Thursday. For the whole of 2019, the retail rental index rose 2.9 per cent, contrasting with the 1 per cent drop in 2018. URA's...
Last year was a controversial one for WeWork, but it is not planning to scale back its plans in Singapore, said the co-working space operator's Southeast Asia managing director Turochas Fuad in an interview with CNA on Friday (Jan 10). Once valued at almost US$50 billion, WeWork's growth hit a roadblock in 2019 after it filed its prospectus for an IPO in August. Advertisement Potential investors...
A portfoilo of 11 retail shops in Sim Lim Square is up for sale via expression of interest for S$22 million, sole marketing agent Knight Frank Singapore said on Wednesday. The total strata area of the shops is about 5,000 square feet (sq ft), with unit sizes ranging from 291 sq ft to 506 sq ft. The shops, which can be bought collectively or as individual units, face the central podium on the fifth floor...
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