The Business Times
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Kalpana Rashiwala

Kalpana Rashiwala

SENIOR CORRESPONDENT

Kalpana Rashiwala is a senior correspondent with The Business Times. She covers the Singapore property market including investment sales transactions, the office market, shophouses, and the landed residential and luxury condo sectors, among others. She has been with The Business Times for over 20 years. 

emailkalpana@sph.com.sg
email@KalpanaBT
Singapore is experiencing its tightest office supply in years, say property consultants.
BRUNCH

The Great Singapore Office Sale: What’s driving the surge in deal activity in the office market?

Lower interest rates are helping to fuel a resurgence in Singapore office investment sales. But will there be takers for all these chunky deal sizes?

The amount of occupied office space increased by 279,861 sq ft of net lettable area in Q1.
SINGAPORE PROPERTY

Islandwide office vacancy falls to 10.8% as at end-Q1: URA

Office rents in Singapore’s central region slip 0.2% in quarter

The price for the 1.17 million sq ft site reflects about S$110 per square foot per plot ratio based on its maximum allowable GFA.
SINGAPORE PROPERTY

Far East inks deal to sell Tuas industrial asset for S$322 million

The buyer is a joint venture that includes units of Hong Kong-listed HPC and CWT, and Ding Zhou group

The 99-year leasehold site in Kallang Close can yield about 470 private homes.
SINGAPORE PROPERTY

Frasers Property, Mitsubishi Estate JV pips CDL with S$610.75 million top bid for Kallang plot

The highest bid of S$1,415 psf ppr is just 0.7% above CDL’s offer; site fetches four bids

The 15-storey Bugis Junction Towers is part of an integrated mixed-use development on a site with a balance lease of about 63.5 years.
SINGAPORE PROPERTY

Bugis Junction Towers put on the market at S$685 million valuation

This works out to S$2,750 psf on net lettable area and a net yield of around 3.5% for the fully let office asset

The maiden government land sales site in the new Dover-Medway neighbourhood is bounded by Dover Road and the future Dover Drive.
SINGAPORE PROPERTY

Forsea, Qingjian’s S$1,556 psf ppr top bid sets benchmark for residential land in one-north area

First parcel released in new Dover-Medway estate for a 625-unit project draws six bids

Tay paid S$47.84 million, or S$2,000 psf, in early 2012 for the plot, which he brought from businessman Peter Kwee.
SINGAPORE PROPERTY

Watch maven Tay Liam Wee sells Nassim GCB plot for S$92 million or S$3,846 psf

The 23,922-sq-ft vacant site is being sold by former Sincere Watch boss to founder of medical aesthetics clinic chain V Medical

The property is near Tan Kah Kee MRT station on the Downtown Line.
SINGAPORE PROPERTY

Ong family of Green Bus Co fame sells Dunearn bungalow for S$55 million

The 24,190 sq ft freehold site can be redeveloped into a mix of new landed homes

The 10,193 sq ft FairPrice Finest supermarket space in Coronation Shopping Plaza is the only freehold asset in the portfolio.
SINGAPORE PROPERTY

Private fund said to be buying 11 Mercatus retail assets for S$281 million

Portfolio comprises private strata space in Bukit Timah Plaza and Coronation Shopping Plaza, and nine HDB properties

78 Shenton Way's Tower 1 (right) is a 34-storey granite-clad building completed in 1988. The 11-storey glass-clad Tower 2 beside it was completed in 2009.
SINGAPORE PROPERTY

Allgreen Properties, Kuok Singapore complete purchase of 78 Shenton Way

The new owners are not expected to redevelop the asset in the near term; they will hold it as landbank

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