Search Results for: Commercial Property

Hot US real estate a potential red flag: Fed’s Rosengren

The run-up in U.S. real estate prices could potentially amplify any future economic downturn, a Federal Reserve official said on Tuesday, urging regulators globally to consider tools beyond interest rates that could help cool the sector. A sharp downturn in … Continue reading

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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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Transfer of home-owning entities: Government plans to apply residential stamp duties

THE government is planning to make legislative changes to subject “significant owners of residential-property-holding entities” to stamp duties when they transfer equity interest in such entities, in the same way they would be subjected to stamp duties if they were … Continue reading

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Woodlands pilot to allow more flexible use of industrial space

In response to demand for more flexible use of industrial space, the Urban Redevelopment Authority (URA) and JTC will be piloting new land use guidelines at a multi-tenanted building to be developed by JTC and located within Woodlands North Coast … Continue reading

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Soaring Hong Kong office rents are now triple those of Singapore

Hong Kong’s office rents are almost three times more expensive than those in Singapore as property markets in two of Asia’s largest commercial centers have diverged sharply in recent years. The spread has boosted Singapore’s appeal as a competitive business … Continue reading

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Singapore property still a top draw for Asia’s ultra-rich

SINGAPORE’s property market remains high on the agenda of Asia’s ultra-rich, notwithstanding the cooling measures still in place. Its commercial properties are a top consideration for Asian ultra high net worth individuals (UHNWIs) keen on this asset class, moderately ahead … Continue reading

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DC rates rise to play catch-up with land prices

AMID strong developer appetite for condo development sites which has buoyed land prices, the government has upped the average DC (development charge) rate for non-landed residential use by 4 per cent for the March 1-Aug 31, 2017 period. This is … Continue reading

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Cushman & Wakefield secure approval for redevelopment of Katong Shopping Centre

CUSHMAN & Wakefield, together with the Collective Sale Committee, has secured approval for the redevelopment of Singapore’s first air-conditioned mall Katong Shopping Centre for commercial and serviced residence use. The reserve price remains the same at S$630 million which translates … 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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