Property consultancy CB Richard Ellis said on Monday that prime Orchard Road rents averaged S$32.90 per square foot in the third quarter, down three per cent from the second quarter. For the full year, CBRE said it expects Orchard Road rents to fall between 10 and 12 per cent, and a further decline is not expected to exceed five per cent next year. This means the eventual rental trough should not be less...
Orchard Road
ORCHARD Road, Singapore's most famous retail belt, is set to be the densest shopping street in the region, according to the Orchard Road Business Association. With three new mega-malls scheduled to open for business by the end of the year, about 1.8 million sq ft of new retail space will be added, bringing the total space available on Orchard Road to 8 million sq ft. And the 2.2km stretch of road is also...
Singapore's prime shopping belt Orchard Road is set for a revival, with three new malls to be launched by the end of the year and two refurbished fronts. The malls include Orchard Central and 313@Somerset, and the new fronts are at Mandarin Gallery and Park Hotel Orchard. That amounts to about 1.8 million square feet of new retail space, bringing the total space available at Orchard Road to eight million...
A 40-year-old shopping icon in Orchard Road is at risk of losing its tenants to upcoming malls in the area. Sources told Channel NewsAsia that about half of Shaw Centre's office and retail tenants had moved out within the last six months. Many of them refused to renew their leases after Shaw raised rents by about 100 per cent. Tyan and Betty Barclays, both upmarket boutiques on the ground floor of Shaw,...
Location: 38 & 40 Cairnhill Road (District 9) Tenure: Freehold Year of Completion: 2013 Site Area: 78,047sqft Total Units: 229 (2 blocks, 20 storeys) Unit Types: 1 bedroom ~ 549 | 667 | 721 sqft 2 bedroom ~ 883 | 1,001 | 1,345 sqft 3 bedroom ~ 1,281 | 1,302 | 1,313 | 1,765 | 1,927 sqft 4 bedroom ~ 1,819 | 2,573 sqft Penthouse ~ 3,853 | 4,768 | 4,833 sqft Facilities: Swimming Pool (50m x 12m), Jacuzzi,...
Kaplan will set up a second city campus in the Orchard Road area by the end of 2009. The school said the 20,000 square-foot campus will cater to some 5,000 students. It expects 40 per cent of the intake to be international students. Kaplan opened eight campuses in mainland China in 2008. The new campus in Singapore will cater to students who are expected to complete their final year of study here. In a...
Few tourists visiting Singapore will give Orchard Road a miss. The island's main shopping and entertainment strip has been going through a multi-million-dollar makeover. In order to pit the central shopping belt against bigger names like London's Oxford Street, the Singapore Tourism Board (STB) gave the district a US$26.7 million makeover in April 2008. From building rest areas known as Green Rooms to...
The Mandarin Gallery at The Meritus Mandarin Hotel is getting a S$200 million makeover. The upscale shopping mall will not be ready for another year, but people passing by along Orchard Road can get a preview of the shops and frontage, thanks to a specially-designed 3D-effect hoarding. This is the first such hoarding in Singapore. It was designed and made in Paris before being flown here. It stretches...
Inspired by Nature Belle Vue Residences is designed to parallel nature's exquisite simplicity. Its' organically-shaped unit layout, offers a new living arrangement and horizontal spatial experience. The branching pattern creates more wall surfaces, making possible for more windows, giving each apartment a unique set of views and allowing residents to enjoy an abundance of natural light and better...
Orchard Road is set to undergo a facelift on 28 April. The revamp is expected to be completed next February. The S$40 million makeover will include state-of-the-art lighting to highlight Orchard Road's tree-lined boulevard, new creative spaces for events and a new pedestrian mall. Key events such as the annual Great Singapore Sale and Christmas In The Tropics will continue to be held in Orchard...