Office rents in prime areas weakened in the second quarter after nine straight quarters of growth, according to the latest reports from property consultancies.

With the continued demand from tech firms and pharmaceutical companies, vacancy rates of business parks across Singapore slid from 10.4 percent to 9.1 percent in the first half of the year, according to CBRE.

This follows the sale of the office and retail complex at Penang Road near the Orchard Road shopping belt for S$411.8 million, Suntec Real Estate Investment Trust (Suntec REIT) says.

Average office rents in the republic’s Central Business District (CBD) remained unchanged in Q2 2015 at $10.85 per sq ft per month, DTZ revealed. Specifically, average monthly gross rents in Marina Bay remained the highest […]

Asia continued to dominate the world’s most expensive office locations, accounting for four of the top five markets,

Singapore’s property giant, CapitaLand received recognition from the Council on Tall Buildings and Urban Habitat (CTBUH)’s Awards 2015 for its commercial building CapitaGreen, the firm announced in a press statement Monday (22 June).

BlackRock earlier this week said it has received expressions of interest for its Asia Sqaure Tower 1 building and that it could sell for more than S$4 billion, according to a report from Bloomberg dated 17 […]

The number of caveats lodged for strata-titled office spaces plummeted by 72.7 percent to 81 cases in the first five months of 2015 compared to 297 in the corresponding period last year, according to a […]

ASSET management giant BlackRock has put up Asia Square Tower 1 for sale. The price tag is said to be about S$4 billion for the 43-storey tower, which would work out to around S$3,200 per […]