Business parks

Orchid Country Club, Science Park sites among plots rezoned for housing

Other sites now earmarked for housing in new Draft Master Plan 2025 include Gillman Barracks, Marina Bay Golf Course, Warren Golf & Country Club and Keppel Terminal

CapitaLand Development will be launching its first residential project in Singapore Science Park – the 343-unit LyndenWoods condo.

CapitaLand to launch LyndenWoods condo in Singapore Science Park with prices from S$2,200 psf

This will be the developer’s first residential project in the Buona Vista business park; it plans to roll out one or two more

The upcoming influx of new business park space in 2025, led by Geneo in Singapore Science Park (above) and the Punggol Digital District, could be attractive alternatives for eligible larger tenants seeking a campus-like environment, and at a fraction of traditional office rental costs.
BT PROPERTY WEEK

Tight CBD supply, resilient rents could revive demand for decentralised offices

With CBD Grade-A rents expected to rise by 3 to 5% a year for the next five years, large occupiers could reap savings by being outside the area

The supply boom from the upcoming Punggol Digital District (above) and the redevelopment of 1 and 7 Science Park Drive could potentially put further pressure on rents and occupancy, particularly for older developments, said Savills.

Singapore business parks hit by highest vacancy in 14 years: Savills

The overall market sentiment for the segment remains lukewarm

Rents at suburan business park space, such as the Punggol Digital District, posted a gross effective rent of S$3.46 per square foot per month during Q3, says Cushman & Wakefield.

Tough 2024 for suburban business parks with rising vacancies; muted growth for industrial rents in 2025

Most industrial submarkets can expect to grow by 2 to 3% next year – but not business parks in the suburbs

The overall vacancy rate at Changi Business Park has gone up; some properties there are reporting nearly 40 per cent of unoccupied space.

Pressing need for business parks to reposition and reinvent their spaces: real estate don

NUS poll finds business parks still relevant and competitive, but changing work landscape could hurt demand

Overall vacancy across business parks hit 22 per cent as at end-March this year, up from 18.7 per cent in the year-ago period, and 14.4 per cent in Q1 2022, JTC's data shows.
SINGAPORE PROPERTY

Can newer business parks be viable when older ones are grappling with rising vacancies?

One concern is whether new space in the pipeline can be absorbed, given a coming spike in supply and a widening lag in take-up

Geneo integrates state-of-the-art research infrastructure, hospitality, commercial and recreational facilities to help companies attract and retain talent.
BRANDED CONTENT

Where innovation and play meet: Singapore Science Park welcomes new ‘mini city’ concept

CapitaLand’s Geneo brings together co-working labs, commercial workspaces, serviced apartments and recreational areas in one space to attract key growth industries and talent

An artist's impression of aVance A1, Hyderabad, one of the buildings Clint plans to acquire within the next 18 months.

CapitaLand India Trust to acquire 2.5 million sq ft of IT buildings in Hyderabad

It is expected to increase Clint’s earnings and distributions for unitholders

CIGF2 owns an equity stake of 70% in International Tech Park Chennai, Radial Road, as its seed asset.

CapitaLand Investment launches India business park development fund with S$525 million target

CAPITALAND Investment (CLI) announced on Thursday (Aug 10) that it has launched a new fund to invest in Grade A business parks in prime locations across gateway cities in India.