Retail property market still trying to find its footing
Referring to the recently released statistics by the Urban Redevelopment Authority (URA), JLL said that the retail property market is still trying to find its footing. JLL said that both the rent and price indices of retail space in the Central Region returned to the contractionary mode following 4Q18’s expansions. Image credit: Wikimedia Commons JLL [...]
Singapore industrial a picture of cautious optimism
The Singapore industrial is a picture of stability with cautious optimism ahead for 2019, said a JLL commentary on the JTC All Industrial Rental Index in Q1 2019. The report said that the Singapore industrial property market starting the year on a positive note as net absorption of industrial space improved quarter-on-quarter and year-on-year. Tay Huey Ying, [...]
Sim Lim Square owners seeks $1.25 billion in en bloc sale
Sim Lim Square owners on April 29 put up the property for collective sale via public tender with a reserve price of $1.25 billion. Sim Lim Square owners each stand to receive between $488,000 and $67.5 million if the sale is successful, said marketing agent SLP Scotia. More than 80 per cent of the 423 owners consented [...]
Rare freehold ‘stand-alone’ commercial property approved for childcare use along Serangoon Road up for sale
JLL, as the exclusive marketing agent for the ‘stand-alone’ commercial property, is inviting offers through an Expression of Interest (EOI) exercise for the purchase of 1 Jalan Taman, St Michael’s Place – Commercial Block – located near to Boon Keng MRT station. This ‘stand-alone’ commercial property is well-positioned to capture the growth and strength of [...]
Central Region office rents post first correction since 3Q 2017
The Central Region office rents posted its first correction since turning around in 3Q17. showed the Urban Redevelopment Authority (URA) statistics. JLL commenting on this price correction in the Central Region office rents said the government data runs contrary to JLL’s observation of “rent growth accelerating in 1Q19 across almost all submarkets tracked.” Specifically, JLL’s research showed [...]
Industrial space shows signs of stabilisation, JTC Q1 report
The Singapore industrial is a picture of stability with cautious optimism ahead for 2019, said a JLL commentary on the JTC All Industrial Rental Index in Q1 2019. The report said that the Singapore industrial property market starting the year on a positive note as net absorption of industrial space improved quarter-on-quarter and year-on-year. Tay Huey Ying, [...]
Private home price decline gained momentum in Q1 2019
Private home price decline gained momentum in Q1 2019 by dropping 0.7 per cent, following a 0.1 per cent decrease in the fourth quarter showed the Urban Redevelopment Authority (URA) statistics. The private home price decline was steeper than the 0.6 per cent decrease in URA’s flash estimate released earlier this month. Private home price decline gained [...]
Two industrial properties at 3rd Chin Bee Road up for sale at $9m
JLL said on April 23 that it is pleased to launch for sale by Expression of Interest, 9 and 11 Third Chin Bee Road – two “Business 2” industrial properties in the established industrial estate of Chin Bee. Image credit: JLL The industrial properties consist of two buildings containing warehousing, production and office spaces, interlinked by [...]
Three adjoining office units in Peninsula Plaza up for sale
CBRE announced on April 24 that it is launching three adjoining office units at Peninsula Plaza for sale via an Expression of Interest exercise. Located on the 12th storey, the area of each unit ranges from 1,001 square feet to 1,776 square feet and totals to a combined area of 4,262 square feet. The three [...]
Funan obtains Temporary Occupation Permit as it gears up for opening in 2Q 2019
Singapore’s new-gen integrated development Funan has successfully obtained its Temporary Occupation Permit (TOP). This milestone puts Funan a step closer to opening its retail and office components in 2Q 2019, as announced last September. Funan is owned by CapitaLand Mall Trust (CMT) and managed by CapitaLand. From groundbreaking to completion, the construction of Funan took [...]