Singapore Office

When job search engine Indeed opened a product development centre in Singapore at the start of this year with just one staff member, it decided to secure co-working space for up to 15 people. In June, it upgraded to a office suite for up to 50 people, and by November, it is looking to move to an even bigger dedicated office space for 150 staff — all within the co-working space at WeWork’s Beach...

HubSpot - a software products developer has opened an additional office at Mapletree Anson in the central business district as it expands its footprint. With its APAC headquarters already based here, HubSpot now plans to create about 100 new jobs in Singapore by 2021, covering areas such as sales, marketing, services, and support. This comes after the company announced the creation of 150 jobs when it...

Singapore’s office market is in the early stages of a recovery as tapering office supply and strong pre-commitment levels have caused the office vacancy rate to decline, offering landlords higher bargaining power to increase rents. “Office rent is expected to increase by 20 to 25 per cent between 2018 and 2020, of which 12 to 16 per cent is expected in 2018,” said Ms Regina Lim, head of capital...

Robinson 77 is on the market for S$725 million, less than two years after a CLSA fund bought the property for S$530.8 million and just over a decade after another CLSA investment vehicle bought and resold the building within a ten-month period. If the deal materialises by year-end at the expected price of more than S$725 million (or S$2,357 psf on net lettable area), this would most likely be the...

A "rare strata office portfolio" in GB Building at Tanjong Pagar area has been launched for sale via an expression of interest (EOI) exercise, CBRE announced on Wednesday. The portfolio comprises a podium block and four office floors in a 26-storey commercial building located at the junction of McCallum Street and Cecil Street. GB Building is situated close to Amoy Street Food Centre and within...

Woods Square is the first office space for sale in Woodlands Regional Centre (Singapore’s Northern Gateway), which is being further rejuvenated and developed under the URA’s Master Plan 2014. It is an integrated office development with retail, F&B, and a childcare centre. It will have direct connectivity to the neighbouring Causeway Point mall and Woodlands MRT Station. Future Singapore-JB Rapid...

Epic Land has executed a sale and purchase agreement (SPA) to sell six of its wholly-owned subsidiaries, which hold seven strata office units in Prudential Tower, to an unrelated third party. The sale price will be determined based on the net asset value of the sale companies as at the completion date and will take into consideration the value of the properties, which is about S$130.07 million. The...

British and Malayan Trustees as the trustee of Frasers Commercial Trust (FCOT) has entered into an agreement for the sale of a commercial property at 55 Market Street, in Raffles Place for a sale consideration of S$216.8 million. Manager of the trust, Frasers Commercial Asset Management Ltd, said the transaction is expected to be completed by Aug 31, 2018. The sale consideration of S$216.8 million is...

According to market sources, Allianz is understood to have entered into a lease at ASB Tower, the new development coming up on the former CPF Building site in Robinson Road, at a gross signing rental of around S$11.50 per square foot (psf) a month. The deal is said to reflect a gross effective rent of close to S$10 psf a month after taking into account the rent-free period and other...

Interest in commercial and industrial property could shoot up as investors look for alternative opportunities following the latest tough new cooling measures for residential real estate, say experts. Retail investors who can afford a higher capital outlay could turn to strata-titled offices and conserved shophouses that are zoned commercial, said Cushman & Wakefield's senior director of research...