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Rent increases for central business district (CBD) premium and Grade A offices have been slower in Q2 2018 at 2.6 percent, down from 4.8 percent during the previous quarter. “We view the slower pace of rent increase as a momentary consolidation following the leasing market’s rapid recovery which saw an 11 percent year-on-year growth from […]
100% owners’ consent obtained. No Strata Title Board application required. Singapore, 22 January 2018 – CBRE is pleased to announce the launch of the public tender of ICB Shopping Centre, located at 6 – 14B (even numbers) Yio Chu Kang Road. Situated off Upper Serangoon Road, the Site enjoys a prominent and wide road frontage of 30m […]
It took a while, but the high end of Singapore’s office rentals finally hit the bottom this year – earlier than expected. This was because the take-up rate for Grade A office space in new developments in the Central Business District (CBD) was more robust than anticipated. Another reason was the rosier economic outlook. Most […]
15-33 Hill Street For Sale By Public Tender Singapore, 14 November 2017 – CBRE is pleased to announce the launch of the public tender of 15-33 Hill Street, Singapore. Owned by Singapore Telecommunications Limited (Singtel), the prime site has been granted Provisional Permission for redevelopment into a Hotel development with a plot ratio of 3.5. The […]
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 […]
SINGAPORE, 1 August 2017 – The owner of Chevron House (Deka Singapore) has appointed CBRE and JLL to conduct an Expressions of Interest (EOI) for its prime Raffles Place office and retail asset. The EOI will be launched on Wednesday, 2 August 2017 with bids due on Thursday, 14 September 2017. Chevron House is a […]
Singapore 21 June 2017 – CBRE has successfully sold several strata units on the seventh floor at TripleOne Somerset on behalf of its owner Perennial (Somerset) Pte Ltd. Following the successful sales, Perennial has now placed the penthouse floor for sale via an Expression of interest Exercise. The strata units were sold at an […]
Rare Ground Floor Retail Unit with 2 Main Road Prominent Frontage for Sale via Public Tender Singapore 6 June 2017 – CBRE is pleased to present a rare Raffles Place retail offering for sale by Public Tender. Located at the ground floor of Prudential Tower (30 Cecil Street), the 5,715 sq ft (approximately) space is […]
Singapore, 1 June 2017 – CBRE is pleased to launch the Public Tender sale of Block 631 Ang Mo Kio Avenue 4, #01-906, a prime heartland coffee shop strategically located within the Ang Mo Kio residential enclave – one of Singapore’s most densely populated neighbourhoods with extremely high footfall and large catchment of residents. The […]
Slightly Over Half of New Retail Entrants in Singapore Last Year were F&B Operators Singapore 25 May 2017 – The F&B sector continued to account for the bulk of demand for space in Singapore’s prime retail market in the first three months of 2017. More F&B groups are shifting away from shopping centres and are […]