Singapore Property News

AN INDUSTRIAL site in Jurong will be launched for sale by public tender in two weeks, after a developer lodged a minimum bid acceptable to the Government. The 30-year leasehold site is one of a cluster of three sites along Pioneer Road North and Soon Lee Street. The other two sites have been sold. The latest site was [...]

  Limited supply of new retail space in Orchard may push up rents there   THE rental gap between retail space in Orchard Road and suburban malls looks set to widen again, after narrowing in recent times, analysts say. A new report has found that most of the retail space due to become available this year will be [...]

(SINGAPORE) Anson House has been sold for $148 million or $1,916 per square foot of net lettable area to a property fund managed by ING Real Estate. Savills Singapore is understood to have brokered the sale through a private treaty deal.   The office block was sold by a private high net worth individual investor who picked up [...]

Developers in parts of Asia slow project completion to avert risk of oversupply CHINESE cities and Singapore led the growth in office rentals as well as expansion in demand for office space in the Asia-Pacific in the first quarter, says CB Richard Ellis.   The CB Richard Ellis Asia Pacific Office Rent Index appreciated 3 per cent quarter [...]

Rents are projected to grow more strongly in markets such as India RENTS are expected to increase across most markets in the Asia-Pacific with stronger investment activity, according to the latest figures from Jones Lang LaSalle's (JLL) Asia-Pacific Property Digest. In the office sector, 1.5 million square metres (sq m) of new Grade A office space was completed [...]

Developers having a shot at these amid concerns over residential market INCREASING numbers of property developers are dipping their toes into industrial and commercial projects over concerns of a slowing residential housing market. Higher prices for residential land and uncertainty over another possible round of cooling measures have suddenly made the grittier end of the real estate sector [...]

THE site of Lion City Hotel and adjoining former Hollywood Theatre could be developed into a commercial and retail project, said UOL Group, which bought the sites for $313 million in January. Speaking to The Straits Times last Friday, UOL property president Liam Wee Sin said the group has applied to the authorities to convert the zoning from [...]

But competitiveness with HK improves as gap in Grade A office rentals widens (SINGAPORE) Singapore remained the third most expensive office location in the Asia-Pacific for the seventh consecutive quarter since the office market bottomed in the third quarter of 2009 after the Global Financial Crisis, based on the latest Q1 2011 analysis by Colliers International.   In [...]

Redevelopment of Market Street Car Park spells shortage of parking lots for neighbours (SINGAPORE) The impending redevelopment of Market Street Car Park (MSCP) into an office tower – at a time when parking lots have become a scarce commodity in the central business district – appears to have triggered concerns from some building owners. BT understands that the [...]

Developer has agreed to pay at least $4.89m for site, triggering the move AN INDUSTRIAL site at Tuas View Square is slated to come up for public tender in about two weeks. The 45-year leasehold land parcel was made available for sale under the reserve list of the first half of this year's Government Land Sales programme. The [...]