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New office tower at site of former Market Street Car Park

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Published on 7 February 2012 on ChannelNewsAsia By Venus Hew SINGAPORE : A billion-dollar office block is being erected at the site of Market Street Car Park in Singapore’s financial district. As the market for prime-grade office space is softening, property analysts are wary that the developers may not achieve the rentals they are seeking…. Read More

CBD May Lose Another Big Carpark

1964: Market Street Carpark was Singapore's first multi-storey carpark, providing about 700 parking spaces in the heart of the city. -- ST FILE PHOTO

Published on 7 February 2012 on Straits Times Golden Shoe likely to go the way of Market Street Carpark By Cheryl Lim And Lo Yee THE shortage of parking spaces in the city could get even worse with Capitaland considering redeveloping the Golden Shoe Carpark now that its revamp of the former Market Street Carpark… Read More

Industrial, Commercial Property Prices Rise in Q4

Singapore skyline (Photo by: Hester Tan, channelnewsasia.com)

Published on 28 January 2012 on ChannelNewsAsia By Lynda Hong SINGAPORE : Experts have said that commercial and industrial property will continue to outperform the office market this year. This comes after Urban Redevelopment Authority (URA) figures showed higher quarterly prices for industrial (4 per cent quarter-on-quarter) and commercial assets (13.8 per cent quarter-on-quarter). Meanwhile,… Read More

‘Lower rents’ for Prime Office Space in Singapore

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Published on 26 January 2012 on Straits Times Vacancy rates up as global slowdown hits financial services sector: Report By Cheryl Lim The weakening economy is starting to take a toll on prime office space in Singapore, according to a new report. Vacancy rates in these buildings crept higher as rents slipped in the final… Read More

Office Vacancy Rates Up, Rentals Down in Q4

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Published on 26 January 2012 on ChannelNewsAsia By Avelyn Ng SINGAPORE: Vacancy rates of Grade A offices in the central business district (CBD) rose to 6.9 percent in the fourth quarter last year, according to property consultancy Savills Research in its latest report on the office sector on Wednesday. It said vacancy rates for such… Read More

Higher Rents Expected for Some CCT Properties

Trust management chief Lynette Leong believes CCT will be able to achieve higher rents for leases renewed this year at its Raffles City Tower (above) and Capital Tower properties as their rates are lower than the average market rent for grade A offices. -- PHOTO: RAFFLES CITY

Published on 21 January 2012 on Straits Time CapitaCommercial Trust says its rates are below market average By Cheryl Lim CAPITACOMMERCIAL Trust (CCT) expects to raise rents at some of its properties even though the year ahead is anticipated to be less buoyant for the office property segment. The trust has a portfolio of nine… Read More

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