ESPITE continued contraction in net office demand and rising vacancies, office rents continued to rise in the second quarter, based on the latest official data. This has come about from improved leasing activity for spaces […]
THE Urban Redevelopment Authority’s rental index for office space in Singapore’s central region rose 1.3 per cent in the second quarter of this year over the previous quarter. This is a smaller increase compared with the […]
AMID an improvement in business confidence, Singapore’s Grade A CBD office rentals posted their first uptick after five consecutive quarter-on-quarter drops since the Covid-19 outbreak began, going by preliminary data from JLL. The property consulting […]
PROPERTY consultancy Knight Frank is expecting office rents in Singapore to fall by around 5 per cent in 2021 before bottoming out and recovering in the following year, barring new strains of the Covid-19 virus […]
US PRIVATE equity giant Blackstone Group is planning to buy Lucas Real Estate Singapore’s iconic facility, the Sandcrawler, at an indicative price of nearly S$175.8 million, The Business Times (BT) has learnt. The sale process […]
GRADE A office rentals in the Central Business District (CBD) are generally expected to remain under pressure in 2021, say property consultants, as companies scale back on space amid economic headwinds. According to JLL’s head […]
PROPERTY investment sales in Singapore are likely to rebound as vaccination programmes are rolled out next year, with business sentiment picking up and border restrictions gradually eased, CBRE said in a press statement on Monday. […]
CUSHMAN & Wakefield is projecting rents in Singapore’s central business district (CBD) to land at S$9.54 per square foot (psf) per month by the end of 2020, down 10 per cent from 2019’s peak of […]
THE pandemic took its toll on office rents in the third quarter as souring business sentiment and a weaker labour market prompted rentals of office space to decline 4.5 per cent quarter-on-quarter for the Central […]
RENTALS of office space in the central region of Singapore fell 4.5 per cent quarter on quarter in the third quarter of 2020 after remaining flat in the previous quarter. Figures released by the Urban […]
