Office market is ‘bottoming out’

Published April 29, 2010 Today Raffles Place not losing lustre yet, says CCT’s CEO SINGAPORE – Raffles Place is not likely to lose its lustre as a business district, said Ms Lynette Leong, chief executive officer of CapitaCommercial Trust (CCT), which has three office properties in the area. Despite some financial institutions moving to Marina… Read More

Marina House sold for $148m

Marina House

Published Apr 6, 2010 Straits Times Singapore Five-part consortium plans to convert CBD property into apartment block with shops FOUR property firms and an architect have joined hands to buy a prime office building in the Central Business District (CBD) and convert it into apartments. They paid $148 million for Marina House at 70 Shenton… Read More

Capitol site for sale

Capitol Building

Published Apr 1, 2010 Straits Times Singapore By Wendy Lim The 1.43 ha site at the junction of Stamford Road and North Bridge Road will be put up for public tender by the Urban Redevelopment Authority in two weeks’ time. A HUGE land parcel that comprises the iconic Capitol Building on Stamford Road will be… Read More

Office market beckons

Published March 25, 2010 Singapore set to emerge as premier gateway city in region, say JUNE CHUA and CHRISTINE SUN ONE year into the global financial crisis that almost brought all major economies to their knees, Asia staged an impressive rebound at the end of 2009 with an ensemble of massive government stimulus packages. New… Read More

Brighter retail outlook in 2010

Published April 6, 2010 Even so, players have their work cut out as more than a million sq ft of space comes onstream, say PETER SEE-TOH and PNG POH SOON THE retail market not only faced the onslaught of the global financial crisis but also had to brave additional headwinds arising from a huge amount… Read More

Slight fall in Q1 office rents as occupancies rise

Published April 1, 2010 Business Times Rents seen staying soft because of the substantial supply pipeline By UMA SHANKARI (SINGAPORE) Office rents contracted for a sixth straight quarter in the first three months of this year – but the decline was marginal and rents appear to have stabilised on the back of positive occupier demand… Read More

Shaw House

Shaw House

Shaw House is one of a complex of two neighbouring buildings built by the same developer, Shaw Organisation. Located at the junction of Orchard Road and Scotts Road in Singapore, it features the flagship Lido Cineplex for the Shaw Organisation, a major shopping mall with Isetan as an anchor tenant, and two office buildings. Shaw… Read More