Singapore offices

Manager says current asset recycling efforts remain focused on Australia assets and Suntec office strata units

The consultancy will be occupying JustCo’s new co-working space in Orchard in the interim

The group is set to relocate from CapitaSky; space to be vacated seeing strong demand amid tight supply

The high price target has been an obstacle to a sale of the asset, which could also lure other suitors, possibly in a consortium

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?

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

Global uncertainty and rising business costs may temper near-term demand, but scarce supply keeps rents stable and Reits resilient

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

Proceeds from a potential One Raffles Place sale could fund its further expansion in Sydney’s Salesforce Tower