An entity linked to US-based private equity group KKR is understood to be buying Twenty Anson for close to S$600 million from AEW, The Business Times understands. The price works out to about S$2,900 per square foot (psf) on the net lettable area of 206,200 square feet (sq ft) for the 20-storey office building which…

Source: Business Times, 08 May 2022 THE take-up of two government schemes that incentivise the redevelopment of ageing buildings in certain areas has picked up, and will inject buzz in those precincts as new mixed-use developments emerge, analysts said. As at Apr 5, the Urban Redevelopment Authority (URA) has received 12 outline applications under the CBD…

Source: Business Times, 06 May 2022 CONSERVATION landmark Golden Mile Complex has been sold to a consortium comprising Far East Organization, Perennial Holdings and Sino Land for S$700 million, sole marketing agent Edmund Tie announced on Friday (May 6). The collective sale came after 2 en bloc tenders, both at a reserve price of S$800…

Source: EdgeProp, 22 Apr 2022 SINGAPORE (EDGEPROP) – The first four months of 2022 started with a bang and the office sector has been especially active, says Jeremy Lake, Savills Singapore managing director of investment sales and capital markets. “Asia as a destination remains very appealing,” he notes. “Singapore’s office market is something that most…

Source: EdgeProp, 22 Apr 2022 SINGAPORE (EDGEPROP) – Office rents grew by 1.6% q-o-q in 1Q2022, marking a second consecutive quarter of growth following the 0.9% recorded in 4Q2021, according to data released by URA on April 22. The stronger performance is driven by the return-to-office momentum as Singapore continues on its path to reopening….

Source: Business Times, 14 Apr 2022 WHILE the adoption of a hybrid working model is expected to crimp some demand for office space, one can still count on flight to quality and tech companies to generate some buzz in the Singapore commercial leasing market. CapitaLand Integrated Commercial Trust (CICT) is riding this wave of office…

Sources: Business Times ANALYSTS foresee further rental growth in the central business district (CBD) office market, after rents in Singapore’s central region rose at a faster pace in Q1 2022 amid the flight to quality, back-to-office momentum, tight supply, and broad-based economic recovery. Meanwhile, prices of office space in Singapore’s central region turned the corner…

Source: Business Times A NEW benchmark in per-room pricing may have been set in the Singapore hotel market: The 134-room SO/ Singapore, which sits opposite Lau Pa Sat in the Central Business District (CBD), is being sold for about S$1.8 million per key, making for a total price of some S$240 million. Located at the…

A ROW of 3 freehold, 3-storey corner commercial shophouses have been put up for sale via an expression of interest (EOI) with a S$49 million guide price, announced sole marketing agent Savills Singapore on Wednesday (Feb 9). The shophouses – 47, 49 and 51 Kreta Ayer Road – are located at the junction of Keong…