Commercial Property

KOH Brothers Group granted $63.15mn contract

The contract was awarded by Phileap Pte Ltd. for condominuim development at Khiang Guan Avenue.

Raffles Place rents set to smash $10psf mark

And the bad news for tenants doesnt end there, with property firm Colliers predicting they may hit $12 psf this year.

Orange Tee sold half of "Everitt Edge" since March 19 launch

EXCLUSIVE: 18 out of 36 residential units have been sold in under 2 weeks.  According to the property developer’s Senior Group Associate Director Roy...

New home take-up dropped to 3,200-3,400 for the year

The result is 20-25 percent lower than the 4,241 units sold in Q4 of 2010  

Average resale price of leasehold condominiums inched up by 0.8% in Q1 2011:DTZ

The average resale price of freehold non-landed condiminiums in the prime districts of 9, 10 and 11 rose by 0.4% quarter-on-quarter.

JTC launches tender for site at Fusionopolis Link

The site covers 30 hectares in one-north, according to JTC Corporation.

The Hanging Gardens of Singapore: 6 Battery Road gets a Babylonian makeover

Named the “Rainforest Rhapsody”, the vertical garden of about 2,000sq ft is populated by a rich array of about 120 plant species.

Strong investor appetite moves CapitaMall Trust to raise a further $100mn in $350mn bond issue

The lead manager has upsized the option in full due to favourable demand for the convertible bonds.

The Clementi Mall 100% leased

Almost half of its tenants are opening for business today and the remaining tenants will follow soon after.

Grade A office rents up 11.2% over last 3 months:Colliers

Year growth is expected to come up to about 25%, reaching $2,500- 2,700psf by end 2011.

Singapore industrial real-estate investment trusts' expansion into China poses risk:Moody's

The competition for industrial properties in Singapore is intensifying, said Moody's.

URA releases industrial site at Woodlands Ave 12

This is the second of the four industrial sites to be released for sale under the Reserve List of the 1st half 2011 Government Industrial Land Sales...

Mall operators may raise rents by 6.5% or more this year: DBS

Despite 2.6msf of retail space over 2009/2010 falling to 0.9msf p.a over the next 2 years, landlords will still get a raise.

Singapore office property market up 8% quarter-on-quarter in 1Q 2011:Colliers

Average monthly gross rents Grade A office space reached S$9.72 per sq ft in 2011.

Singapore will contribute 3% of world's total new office supply in 2011:CBRE

CBRE forecasts that 62% of all new office developments in 2011 will take place in Asia.

Singapore office market gross effective rent up 29% year-on-year in 1Q 2011

The average CBD Prime Grade A gross effective rent showed an increase of 7.0% q-o-q to $10 per sq ft per month.