Industrial Prices, Rents In 7th Straight Quarterly Fall

Industrial prices and rentals continued their decline for a seventh consecutive quarter in the last three months of 2016. Prices fell a further three per cent in the fourth quarter, and rentals by 0.5 per cent, said JTC on Thursday. For the year, industrial prices retreated 9.1 per cent, and rentals, 6.8 per cent. This [...]

2017-03-17T03:03:18+00:00January 31st, 2017|Property News|

Commercial Rent, Price Slide Worsens in 2016

Rents and prices of commercial space in Singapore fell at a faster clip last year compared to 2015, with office vacancies rising to a near five-year high since Q1 2012 after some large projects were completed. Latest data from the Urban Redevelopment Authority (URA) released on Thursday showed that rents of office and retail space [...]

2017-03-07T02:24:13+00:00January 31st, 2017|Property News|

Savvy Buyers Zoomed In On Core Central Region (CCR) Last Year

Amid the overall soft property market conditions, savvy private home buyers looking for attractive deals zoomed in on the Core Central Region (CCR) last year.   Government data released on Thursday showed the region was 2016's outperformer in terms of percentage increase in transaction volumes, which in turn provided some ballast for prices in the [...]

2017-03-17T03:03:25+00:00January 31st, 2017|Property News|

Strata Industrial Units Continue To Lose Their Lustre Since 2012 Peak

Waning investment yields and demand from end-users have kept a lid on buying interest. The numbers say as much.   The number of strata transactions has been falling since the peak of 2012. Based on the caveats lodged, the figure dipped by a fifth (20.7 per cent) last year from the year before; the 849 [...]

2017-03-17T03:03:26+00:00January 31st, 2017|Property News|

Misuse of Industrial Space Ever More Widespread

The misuse of industrial space has become rampant. With new strata projects offering office-like designs and proximity to transport nodes, the trend has become even more widespread.   Businesses ranging from law firms and real-estate agencies to accounting and tax advisory firms, recruitment agencies, training providers, commercial schools and boutique investment firms have taken up [...]

2017-03-17T03:03:32+00:00January 30th, 2017|Property News|

Lendlease Adopts WELL Building Certification at Paya Lebar Quarter

Lendlease adopts WELL building certification at Paya Lebar Quarter Paya Lebar Quarter by Lendlease, a S$3.2 billion mixed-use development, is the first in Singapore to register for the International WELL Building Institute's (IWBI) WELL Core and Shell Certification for nearly one million square feet of Grade-A workspaces across its three office towers. Administered by public [...]

2017-03-17T03:03:33+00:00January 24th, 2017|Property News|

New HDB Rental Rules For Work Permit Holders

HDB Rental Rules Update: Since Jan 1, non-Malaysian work permit holders from the manufacturing sector are no longer eligible to rent a whole Housing Board flat, and can only rent rooms. Those currently renting can stay on until their existing subletting approvals expire. The rule change affects about 3.5 per cent of HDB households that are [...]

2017-03-07T02:24:22+00:00January 24th, 2017|Property News|

Office rents tipped to recover in 2018

Office rents tipped to recover in 2018 After a tough patch, prime office rents could find respite in 2018, likely boosted by tighter supply of new buildings and still-healthy leasing demand, said an international property consultancy firm. It is forecasting a 3 per cent overall rental growth for Grade A office space in the Central [...]

2017-03-07T02:24:26+00:00January 24th, 2017|Property News|
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