CBRE Comments: Asia Square Tower 2 Sale

Jeremy Lake, Executive Director, Capital Markets, CBRE “The market has been eagerly awaiting the confirmation of this deal.  It provides another pricing benchmark which reconfirms that the recovery in office rents and prices is well underway and in the last few months more and more local and overseas investors have been asking us about office investment opportunities in Singapore. One or two owners have been tracking this deal pending making a decision to sell their own building”.

CBRE was appointed as one of the joint agents for this transaction for the BlackRock-advised fund.

Desmond Sim, Head, CBRE Research, Singapore and South East Asia “The long-awaited completion of the transaction of Asia Square Tower 2 underlines the continual confidence of investors in the Singapore office market. While this will contribute to the total investment volume for 2017, let us not deny that the investment volume is also picking up on the residential front, largely from collective sales. These two sectors (office and residential) will be the main contributors for another stellar year in 2017.”

Related posts

Rent hikes for CBD Premium and Grade A offices slower in Q2 2018

Rent increases for central business district (CBD) premium and Grade A offices have been slower...

Continue reading


100% owners’ consent obtained. No Strata Title Board application required. Singapore, 22...

Continue reading

Office market starts shifting in landlords’ favour again

It took a while, but the high end of Singapore's office rentals finally hit the bottom this year -...

Continue reading