Commercial & Industrial

THE LEVEL GROUND

The internal management model’s uphill task in gaining traction among Singapore Reits

Lack of size confronts Sabana Reit’s new internalised manager 

The freehold office building in Melbourne's St Kilda Road has been sold to retail billionaire Solomon Lew.

Mapletree Investments offloads Melbourne office building for over A$90 million, at steep discount

The price tag is almost 38% lower than its original purchase price of A$145 million in 2017

Retail investors will embrace listed Reits more warmly if Reit managers do right by unitholders, says the writer.
THE LEVEL GROUND

Reit managers should cut acquisition and divestment fees for property transactions, do right by investors

CICT’s manager should not take S$10.5 million in acquisition fees for the recent CapitaSpring deal 

Tay (left) and Armstrong, taking in the panoramic vews of Marina Bay from CBRE's new office. A cafe will be located in this part of the office.
SINGAPORE PROPERTY

CBRE moves to bigger CBD office in MBFC Tower 1, ups its game

Its 21,000 sq ft space is a 75% expansion of the Six Battery Road premises it will be vacating

BNY is said to have inked a lease for about 50,000 sq ft at Marina One’s East Tower (on the left). It will move there from Millenia Tower.
SINGAPORE PROPERTY

Singlife leases former Prudential space of 73,300 sq ft in Marina One East Tower

Quantedge Capital is moving to level 15 of Capital Square, part of the space that used to be occupied by Morgan Stanley

Among newer office assets, Woods Square in Woodlands (pictured) fetched a relatively high CAGR of 5.3% between 2021 and 2024.

Singapore’s strata office market set for sustained growth in 2025

Decentralised workspaces in regional centres outside the CBD could lead demand as investors, occupiers capitalise on lower costs

Two low-rise warehouse blocks are on the 456,810 sq ft site, which has 31 years' balance lease. The site may be redeveloped potentially into 3.5 times the existing gross floor area.
SINGAPORE PROPERTY

Far East Organization puts Tuas asset with big redevelopment potential on the market

The indicative guide price of about S$138 million reflects S$120 psf ppr on maximum 1.14 million sq ft gross floor area

Tao received level 29 and part of level 28 of SGX Centre 2 (left) in exchange for his penthouse and six car-parking spaces at the old Shing Kwan House that he agreed to transfer to a Singapore Land subsidiary in 1997, prior to the redevelopment of Shing Kwan House and ICB Building into the SGX Centre project.
SINGAPORE PROPERTY

SP Tao’s family selling its offices in SGX Centre 2 for S$39.5 million

The price works out to S$2,269 psf on the total 15,026 sq ft comprising the 29th floor and part of the 28th floor

The islandwide stock of available office space expanded by 1.05 million sq ft NLA in Q1 2025.
SINGAPORE PROPERTY

Office rents in Singapore’s central region up 0.3% qoq in Q1 2025: URA

Islandwide office vacancy at 11.7% as at end-Q1, up from 10.6% as at end-Q4

Paragon Reit's minority investors will meet on Apr 22 to decide on the fate of Times Properties' proposed privatisation.
THE LEVEL GROUND

Can Paragon Reit upgrade crown jewel Paragon without unitholders’ distribution taking a big hit? 

Find good solutions for smaller listed Reits envisaging major asset upgrading works