Search Results for: Commercial Property

More co-working spaces sprouting up in CBD as demand rises

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 … Continue reading

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The Prospex back on the market, with lower price tag

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 … Continue reading

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GSH-led consortium in deal to sell company holding GSH Plaza to HK-listed Fullshare

A CONSORTIUM led by Sam Goi’s GSH Corporation has entered into a binding term sheet with Hong Kong-listed Fullshare Holdings for the proposed sale of the consortium’s investment vehicle, Plaza Ventures, at S$725.2 million. Plaza Ventures is the vehicle the … Continue reading

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Proposed strata rule changes a nod to governance and transparency

PROPOSED changes to the law that governs the management and maintenance of strata properties here were announced on Wednesday, aimed at improving the governance and transparency in the management of strata-titled developments, and providing greater clarity to existing provisions. Chief … Continue reading

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Strata industrial units continue to lose their lustre since 2012 peak

THE shine is coming off industrial units. Waning investment yields and demand from end-users have kept a lid on buying interest. The numbers say as much. The number of strata transactions has been falling since the peak of 2012. Based … Continue reading

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Suntec Reit’s Q4 DPU slips, S$800m Penang Rd project to be completed end 2019

SUNTEC Real Estate Investment Trust posted on Wednesday a distribution per unit (DPU) of 2.596 Singapore cents for the fourth quarter ended December 31, 2016, 5.6 per cent lower than the DPU of 2.750 cents seen a year ago. Distributable … Continue reading

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Misuse of industrial space ever more widespread

THE misuse of industrial space has become rampant, and with tenants having settled into units in new strata projects offering office-like designs and proximity to transport nodes, the trend has become even more conspicuous. Businesses ranging from law firms and … Continue reading

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Chip Eng Seng looks poised for take-off

IN a property market where heavyweights such as CapitaLand and City Developments are in the limelight, a relatively small company like Chip Eng Seng Corporation appears to have escaped the attention of most analysts. Although earnings in recent years have … Continue reading

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Singapore investors pumped US$9.7b into Asia-Pac property in 2016

Singapore investors ploughed more capital into real estate in the Asia-Pacific last year than a year earlier, with land and offices topping their list of purchases, even as their acquisition fervour back home continued to ease. Outbound real estate investments … Continue reading

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Serangoon Plaza to be demolished to make way for 19-storey commercial complex

The five-storey Serangoon Plaza will soon be torn down to make way for a new commercial development, said property group Tong Eng on Tuesday (Jan 10). Tenants have been told to move out by the end of this month, Tong … Continue reading

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