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We are riding a property wave indeed! The surf must be very high, think 39-storeys high. Posted on 29-03-2010 11:43 | By John
Fancy living among skyscrapers, a-la New York City? Now you can with 76 Shenton Way. Formerly a
very empty office building, the geniuses at CDL have decided to convert
this shell of a skyscraper to a 99-year, 39-storey development complete
with 202 one and two-bedroom units.Posted on 17-03-2010 17:00 | By John
Now you can live really close to where you work! Thanks to the upcoming Marina Bay financial district, falling office rents, some parts of the CBD are becoming 'ghost towns'. Posted on 01-03-2010 18:29 | By John
The government has reiterated its commitment to the Marina Bay are by investing an extra S$1,000,000,000 (that's one billion for the mathematically-challenged) in infrastructure into the area in the next 10 to 15 years.Posted on 29-07-2009 16:03 | By John
Despite contradictory analysis and forecasting, the property market in
the 2nd quarter of 2009 has shown an increase in activity.Posted on 26-06-2009 11:14 | By Yeo ZH
They must be getting desperate. Some landlords are offering 'cash subsidies' as a way of enticing tenants to rent their office. The cash is mostly used to offset office renovations and other fittings when the tenants move in. Just how much is being offered?Posted on 10-06-2009 11:47 | By John
Another building in the CBD has exchanged hands. The 30-year old VTB
Building has been sold to Yi Kai Group and Fission group, the
developers of the recently sold-out condo The Alexis.Posted on 10-06-2009 10:24 | By Yeo ZH
With rents in the CBD falling due to the poor economic climate, some analysts are predicting office tenants might be moving back into the city area from the outskirts of town.Posted on 09-06-2009 15:21 | By John
The second building in the CBD has been sold recently to a group of
high-net worth individuals for $85 million or about $1,100psf. Anson
House is a 13-storey office building along Anson Road with 87 years
left on its lease. It is 98.5% leased and the net yield is expected to
be around 6%.Posted on 21-05-2009 10:57 | By Yeo ZH
Parakou Building has been sold for $81.4m to Cathay Organisation. The
building is a freehold 16-storey office block and is at the corner of
Robinson Road and McCallum Street. The transacted price amounted to
$1,280 psf, 36% lower than what the original UK owners paid for.
However due to the exchange rates, the loss has been significantly
mitigated.» Read more
Posted on 18-05-2009 18:21 | By Yeo ZH
Three office buildings in the CBD are either on sale or have on-going negotiations for sale.Posted on 07-05-2009 08:36 | By Yeo ZH
A new commercial building has broken ground in the CBD. The office
building, called 71 Robinson Road is 15-storeys high and has been built
with green technologies. Developer Commerz Real hired Christoph
Ingenhoven from Ingenhoven Architects, a recognised world leader in
sustainable architecture to design the project.» Read more
Posted on 06-05-2009 15:55 | By Yeo ZH
Our
Grade A office space (CBD offices) has fallen by 14% in the fourth
quarter of 2008. This is the sharpest fall by far in Asia, with Tokyo
lagging behind at 13.4% and Hong Kong at 13.2%.Posted on 04-03-2009 15:42 | By Yeo ZH
