CapitaCommercial Trust (CCT) said on Tuesday almost half of its leases expiring this year have been renewed. The REIT has also signed on new leases and renewals for an aggregate area of some 336,000 square feet in the first four months of 2009. Key tenants include Legg Mason, BNI, Koufu and parent company, CapitaLand. It gave the update as ratings agency Moody's upgraded its outlook. The ratings agency...
Wee Hur Development has submitted the highest bid of S$22.9 million for an industrial site at Woodlands Avenue 4. The Urban Redevelopment Authority (URA) has closed the tender on Tuesday for the site after receiving 8 bids in total. The site spans about 2.5 hectares and has a gross plot ratio of 2.5. Wee Hur's bid translates to about S$34 per square foot. Soilbuild Group put in the second highest bid...
LOWER occupancy rates and cheaper rents in office buildings around the central business district (CBD) may prompt some firms to move back into the city, property experts said. In the second quarter, office rentals declined to less than $10 per square foot (psf) per month compared with a whopping $19 psf a month a year ago. "Companies are beginning to re-look opportunities to go back to the CBD as rents...
Location: St. Thomas Walk (District 9) Tenure: Freehold Year of Completion: 2013 Site Area: 44,004 sqft Total Units: 61 Unit Types: 3 bedroom ~ 1,733 sqft 4 bedroom ~ 2,131 sqft Sky Suite ~ 3,929 sqft Penthouse ~ 4,015 & 6,523 sqft Please email [email protected] with the following for more information: Skyline 360 / name / contact # / unit type...
Property consultancy firm CB Richard Ellis (CBRE) has said the fall in office rents is showing signs of easing, thanks to improved sentiment and stabilisation of Singapore's economy. According to CBRE, monthly prime office rents averaged S$8.60 per square foot in the second quarter, representing an 18.2 per cent fall quarter-on-quarter. This was slightly lower than the 18.6 per cent quarter-on-quarter...
SINGAPORE : The Sixth Avenue MRT station will be the first to be located in a private residential estate once it is ready in 2015. Residents in the area welcome the new station and hope it will lead to fewer traffic jams in the area. The elderly and school-goers are expected to benefit from the convenience of having an MRT station close by. Nearby shops are also optimistic that the station will help...
Singapore’s property sales increased in the second quarter, according to a report by property consulting firm DTZ released today. Homes in the city’s so-called core central area, known as districts nine, 10 and 11, rose 11.3% to $1,247 per square foot, DTZ said. Last quarter, prices fell 3.7%. Outside of those districts, average home prices increased 3.2% to $573 per square foot in the second...
Property consultancy DTZ said office and industrial rents here continued their downward trend in the second quarter this year. For the office market, average monthly gross rents of prime offices in Raffles Place fell by 19 per cent to S$9.70 per square foot, compared to a 25 per cent fall in the previous quarter. Office rents in the Central Business District (CBD) fringe and de-centralised areas suffered...
DESPITE the current global economic downturn, home buyers today are still spoilt for choice when it comes to taking a loan from financial institutions here. Since January 2003, buyers of Housing and Development Board (HDB) flats no longer have to take a loan from the Government-backed provider of more than 82 per cent of Singapore's homes. And since then, the HDB has stopped giving out what it terms...
1 Do I need to seek NParks' approval if I want to remove a tree in my garden? Approval from the National Parks Board (NParks) is needed only if the tree is within one of the two tree conservation areas, or has been deemed a heritage tree. You can call NParks' helpline on 1800-4717300. If necessary, officers will pay you a visit to inspect the trees. 2 Do private developers need to seek NParks'...