Commercial & Industrial

THE LEVEL GROUND

Expect carved-out Jurong Lake District site to draw warm response from developers

Town Hall Link white site is expected to be made available in March 2026

Orchard Road malls benefit from recovering tourist arrivals and spending, says Alan Cheong, Savills Singapore executive director of research and consultancy.
OUTLOOK 2026

Prime retail rents seen rising further in 2026 with tenant demand firm amid tight supply

Market watchers expect increases of between 1% and 4%, with city centre malls likely outperforming suburban centres

The supply shortage in the Singapore CBD Grade A office market may be felt more acutely in 2026 if the re-centralisation trend intensifies.
OUTLOOK 2026

Singapore office landlords poised to turn more aggressive in rent expectations

Most property consultants project acceleration in CBD Grade A office rent growth in 2026, on the back of tighter supply

Properties on sites approaching lease expiry could be repurposed to alternative interim uses, ranging from sports and recreation to logistics and urban farming – and even much-needed senior housing and assisted-living facilities.
BRUNCH

Seeing gold in decaying leases: Yield, unlocked potential draw property investors to likes of Hotel Miramar

It can be financially feasible to buy properties on sites with declining balance land tenures. As leases near expiry, the path to switching to interim uses needs to be smoothened for more productive l...

Quayside Isle enjoys stable daily patronage from affluent residents in Sentosa Cove.
SINGAPORE PROPERTY

CDL inks deal to sell Quayside Isle @ Sentosa Cove for S$97.3 million

The buyer is understood to be an entity owned by Patrick Kho

The Clementi Mall is on a site with a 99-year leasehold tenure that began on Aug 31, 2010.
SINGAPORE PROPERTY

Elegant Group entity buys The Clementi Mall for S$809 million

The price works out to about S$4,100 psf on net lettable area; the net yield is 4.1%

The  price for 315 Alexandra Road, next to the Ikea store, works out to S$307 per sq ft based on the existing gross floor area.
SINGAPORE PROPERTY

Premium Automobiles teeing up to buy Sime Darby Business Centre for S$55 million

Former Audi dealer, which now distributes China EV brands, signs put-and-call option for acquisition of Alexandra Road showroom building

Rendezvous Hotel Melbourne in Australia, a Far East Orchard asset. The group plans to expand its lodging platform across key geographies.

Far East Orchard targets S$3 billion AUM, 110,000 lodging units by 2030

Group doubles down on hospitality and PBSA, plans to recycle capital out of non-core assets

The nearly 10,200 sq ft FairPrice Finest supermarket space in Coronation Shopping Plaza is the only freehold asset in the portfolio.
SINGAPORE PROPERTY

NTUC Enterprise’s Mercatus said to have put 11 retail assets up for sale at S$307 million guide price

Portfolio divided into four bundles; sale will be with existing long-term tenancies to NTUC FairPrice supermarket chain

Victor Lo, chairman and chief executive of GP Industries, says: “We responded to tariff changes probably sooner than most of our competition in China.”
TOPLINE

Tariff pressures leave GP Industries hunting growth in new niches

Battery-maker will pivot to own brands and product innovation to drive growth, amid rising costs and brutal price competition