Singapore offices

Marina One office complex attracts CapitaLand, Hongkong Land: sources

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

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

Analysts say core CBD properties in Raffles Place and Marina Bay have outperformed other areas, delivering double-digit positive rental reversion.

Record low vacancy pushes Singapore office rents up in Q1, tilts market in landlords’ favour

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

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

Han Khim Siew, CEO of OUE Reit's manager, says disciplined capital recycling and portfolio optimisation could drive the Reit's stock price and DPU growth.
TOPLINE

OUE Reit looks to unlock value in mature assets, eyes Sydney for higher-yield growth

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

Apart from its Changi Business Park offices (above), StanChart has a city headquarters at Marina Bay Financial Centre.
SINGAPORE PROPERTY

Standard Chartered to sell and lease back two Changi Business Park properties for S$183 million

Lender says move is part of strategy to drive further growth in Singapore, its second-largest market

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

The 14-storey building, formerly known as The Spazio and Dapenso Building, is on a site with a balance lease of about 55 years.
SINGAPORE PROPERTY

Altallo Asset Management inks option to buy 158 Cecil Street for S$175 million

The price works out to S$1,541 psf on the net lettable area of about 113,540 sq ft

At 280 m, One Raffles Place Tower One is one of the tallest buildings in Singapore. Beside it is the six-level retail mall.
SINGAPORE PROPERTY

One Raffles Place expected to be put on the market at S$2.3 billion to S$2.4 billion

All owners of the office and retail asset, above Raffles Place MRT station, are coming together for a potential sale