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Singaporeofficespaces.com news digest

  • 6 years

    Singapore Office Rents Fell to the Lowest Amidst Rising Vacancy Rates

    Singapore office rents dropped to the lowest in approximately seven years as vacancy rates rise to the optimum in six years following excessive supply of space.
    The figure indicated that a measure of office rents dropped 1.1% to 155.6% in the second quarter, which is the lowest since September 2010. However, the vacancy rate increased 0.8% to 12.4%, which is the highest figure since June 2011....

  • 6 years

    Rents and Prices of Industrial Property Market Declined in the Second Quarter

    Photo by Jason Blackeye
    Economic activities in all the industrial property space in Singapore dropped by 0.8% and 1.6% in the second quarter of 2017 when compared to the first quarter, according to a report from experts in the industrial property market space....

  • 6 years

    Golden Shoe Car Park: To Be Transformed into One of the Tallest Buildings in Raf...

    Photo: CapitaLand
    The Golden Shoe Car Park site located in Raffles Place, Singapore, has been earmarked to be redeveloped to a 51-storey “mixed development” office space, multi-storey carpark and retail spaces, and a serviced residence, as revealed by developers on 1...

  • 6 years

    AXA Tower Likely to be Sold All-Together for $1.65 Billion

    Following the numerous inquiries received about AXA Tower – the building located at Shenton Way, an investment group is advertising the sale of the complete building all-together at the cost of $1.65 million.
    Considering the building’s strata area of 767,358 square feet, this price translates to about $2,150 per square feet after carrying out remodeling and improvement work, which is expected to be completed in 2019....

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Web host: Google LLC
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Updated: January 03, 2023
Expires: January 21, 2024
Created: January 21, 2010

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