Commercial & Industrial

SINGAPORE PROPERTY

City Plaza owners eye another mega en bloc attempt with S$970 million reserve price

The latest push comes amid mounting challenges faced by owners of the ageing strata mall

Amazon's lease is for about 100,000 sq ft on three mid-level floors in Asia Square Tower 1 (centre).
SINGAPORE PROPERTY

Amazon to exit Asia Square; Shell likely to take over its prime CBD space

The tech giant’s lease for 100,000 sq ft in Tower 1 is said to be expiring in July

Modena by Fraser Shenzhen – 325-unit premium rental apartment for young working professionals – launched in January.

Frasers Hospitality repositions portfolio with move into premium rental apartments

China anchors company’s premium rental push with launch of Modena by Fraser Shenzhen

A stronger US dollar makes greenback-priced gold less affordable for holders of other currencies.

Gold rebounds more than 3% after sharp sell-off

Non-yielding bullion tends to perform better in low-interest-rate environments

Marina One West Tower (right) is joined at levels 28 and 29 to the adjacent East Tower.
SINGAPORE PROPERTY

Khazanah, Temasek seen putting Marina One up for sale at S$5 billion to S$6 billion

M+S is expected to offer 1.88 million sq ft of offices and 140,000 sq ft of retail space in the integrated development

Two low-rise warehouse blocks are on the 456,814 sq ft site, which has a balance lease of 30 years.

Far East Organization sells Tuas industrial asset to PGIM JV for S$121.1 million

It will be redeveloped into a five-storey, fully ramp-up prime logistics facility with about 1.1 million sq ft of GFA

For the whole of 2025, URA’s office rental index for the central region increased by 0.3% after remaining unchanged in 2024.
SINGAPORE PROPERTY

Singapore office rents rise, vacancies ease in Q4 as supply tightens

URA’s vacancy rate for Category 1 offices falls for third consecutive quarter to 9.3%

78 Shenton Way’s Tower 1 (first from 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

Robert Kuok’s Allgreen Properties nears deal to buy Singapore office block at 78 Shenton Way: sources

The PGIM-managed fund that owns the property is seen exiting at a loss

Crossing the Causeway for shopping and leisure will get much easier when the Johor Bahru-Singapore Rapid Transit System Link becomes operational.
THE LEVEL GROUND

Will FCT’s Causeway Point reel from the opening of the Johor Bahru-Singapore RTS Link?

Busy Singapore residents who value convenience will continue to support strong suburban malls here

Altallo has been doing due diligence on the i12 Katong mall, at the corner of East Coast and Joo Chiat roads.
SINGAPORE PROPERTY

Indonesian tycoon Sukanto Tanoto’s eldest son buying Singapore retail assets: sources

Private vehicle linked to Andre Tanoto said to have picked up Lian Beng’s four big HDB units, is in due diligence for i12 Katong and batch of 11 retail units put on the market by Mercatus