Far East Organization's project, Greenwich V in Seletar has achieved full occupancy ahead of its Temporary Occupation Permit (TOP) in November. The new lifestyle hub has attracted strong interest from a mix of tenants for its retail spaces ranging from 185 sq ft to 10,000 sq ft. Located at the corner of Yio Chu Kang Road and Seletar Road, the 45,000 sq ft two-storey retail podium will complement the...
Office / Retail Space
Deputy Prime Minister Tharman Shanmugaratnam has described demand for new and upcoming office buildings as 'robust.' Mr Tharman, who is also Finance Minister, said this is indicative of the vibrancy of Singapore's financial sector. He said: "The market will go through cycles but we'll make sure that we have enough supply coming onto the market to meet long term demand without being able to predict what...
Alpha Core Real Estate Fund has put up for sale two office blocks in the CBD through separate expression of interest (EOI) exercises. A spokesman for Alpha said the EOI exercises are in response to 'strong market interest in our fund's Singapore office assets'. 'The assets are long-term investments but unsolicited offers have been received and it is our duty as managers to explore if selling now will...
CityLink Mall, the subterranean mall linking One Raffles Link with City Hall and Esplanade MRT stations, will soon undergo a S$10 million makeover some 10 years after it opened. The focal point of the refurbishment will be the mall entrances at City Hall and Esplanade MRT stations, as well as One Raffles Link. The refurbished mall will see new ceilings and patterned marble flooring. Way finders and mall...
The lower office rents in Singapore could be an attraction to some businesses in Hong Kong to relocate here. This is according to a report issued on Monday by property consultant Jones Lang LaSalle (JLL). Chua Yang Liang, Head of Research for Singapore and Southeast Asia at JLL believes that there could be some spill over effects from the Hong Kong office market which is experiencing rapidly escalating...
Developers here are building more office space in the city's suburbs as companies including Credit Suisse and Deutsche Bank shift some operations away from downtown to cut costs, according to Cushman and Wakefield. The city's supply of suburban office space is expected to rise to 920,000 sq ft in 2014, five times the 190,000 sq ft that is expected to be completed this year, the world's largest privately...
Singapore has maintained its position as the third most expensive office location in the Asia Pacific region for the eighth consecutive quarter since the office market bottomed in third quarter 2009. According to Colliers International Research's latest Asia Pacific Office Market Overview report, annual gross rents for Grade A offices in the Central Business District (CBD) increased 9 per cent to S$105.31...
Mickey Mouse homes - or homes below 500 square feet in area - are not new. But the trend of smaller format units has caught on in the industrial and retail sectors as well. Known as strata units, they are deliberately kept small to be affordable to retail investors. Strata shops are usually no larger than 300 square feet, which is a fifth of the size of an average retail store such as Starbucks. A 300...
Frasers Centrepoint Trust (FCT) will be acquiring Bedok Point from Woodlands Complex for S$127 million. Woodlands Complex is a wholly owned subsidiary of Frasers Centrepoint Limited. Frasers Centrepoint Limited is a subsidiary of Fraser & Neave Limited (F&N). In statement released Thursday, F&N said the divestment is in line with its strategy of unlocking value from its commercial properties...
The retail scene in the Jurong Gateway area is set to become more vibrant with the addition of Jem, developed by Lend Lease. Many expect its retail traffic to be supported by the heavy concentration of people living and working in the west. Suburban malls have always been a bit dowdy compared to the fancier malls in the city. But with Singapore growing rapidly, the retail landscape is also changing. The...