Singapore Office

Safra Mount Faber is to undergo a facelift by mid-2019, complete with new facilities such as a dedicated co-working space. The four-storey lifestyle club in Telok Blangah Way will begin enhancement works in late July. Several entertainment facilities and food outlets at the club will be closed from July 9 in preparation for the enhancement works. The new club will feature an industrial chic look,...

Homegrown insurance bigwigs Great Eastern and NTUC Income have leased office space at Paya Lebar Quarter (PLQ). According to Business Times, Great Eastern - a listed subsidiary of OCBC, has leased about 125,000 sq ft on four floors of the 13-storey Tower 3 in the project. This is the same tower where SMRT has leased 97,000 sq ft (three levels) and property consulting group CBRE, 31,000 sq ft (one...

Centrium Square is a new mixed-use integrated commercial development in the prime location on Serangoon Road. With its bold vibrant, contemporary design, it offers high specification office spaces and modern medical suites all complemented by attractive shops. Strategically located in the heart of city fringe, it is easily accessible via major roads, expressway and just miinutes walk to Farrer Park MRT...

Located in the heart of Singapore’s 2nd Central Business District (CBD), Vision Exchange possesses the requisite locational advantages and premium specifications that appeals to business users and real estate investors alike. Dubbed the “District of the Future”, Jurong Gateway will drive Singapore's growth into the future economy, and cater to the diverse needs of businesses, residents and...

It was, in the words of Lynette Leong, CEO of the manager of CapitaLand Commercial Trust (CCT), "the moment we have all been waiting for". CapitaLand, CCT and Mitsubishi Estate on Thursday said that they were redeveloping Golden Shoe Carpark into a mixed-use project for about S$1.82 billion before acquisition costs. The market has been waiting for the announcement since the trust first announced its...

ARC 380 is the newest landmark on the city fringe - a magnificent 16-storey commercial development located mere minutes from the Central Business District, the Novena medical hub and Marina Bay Financial Centre. Bendemeer MRT Station is a five minute stroll away and all major expressways and arterial roads are easily accessible to ARC 380. With a modern contemporary design, ARC 380 stands out effortlessly...

Property developers are leasing more space to co-working space operators, even as demand rises from businesses in the new economy looking for flexible work areas. Currently, there are 53 co-working space locations in Singapore, almost one-third of which are in the Central Business District (CBD) – up from about one-fifth of the overall 40 co-working offices a year ago, according to real estate company...

In the first transaction of an entire Singapore office building this year, DBS Group announced on Friday evening that it is selling PwC Building at 8 Cross Street to an indirect subsidiary of Manulife Financial Corp. The deal values the 28-storey office block at S$747 million, which works out to S$2,100 per square foot based on its net lettable area of 355,704 sq ft. The property is on a site with a...

Property and hotels group City Developments Ltd (CDL) is planning a major refurbishment of its flagship Singapore office property in Raffles Place, turning an imminent outflow of some tenants into an opportunity to spruce up the ageing building. CDL deputy CEO Sherman Kwek, speaking to reporters after the group posted weaker fourth quarter and full year earnings, said works at Republic Plaza are likely...

THE Prospex, a nine-storey retail and office building next to Bugis+, is back on the market, this time with an indicative guide price "in excess of S$70 million". This appears to be lower than the S$80 million asking price when the building was previously put up for sale on an en bloc basis through an expression of interest (EOI) exercise that closed in October 2015. The big difference this time...