Commercial & Industrial

Operator is discussing potential conversions of Fraser Suites properties to new Fraser Suites Reserve brand

The sheer asset size may mean the fund could require more time to raise equity

Positive yield story shapes S$8 billion in deals so far this year despite continuing pressures on retail tenants

Buyer is linked to Master Contract Services, which recently bought Orchid Hotel

It is expected to maintain a presence in MacDonald House, but exit its Mediapolis and Alexandra Road premises

The property is expected to draw interest from private wealth investors and family offices

The price works out to S$2,369 psf on a gross floor area of 130,875 sq ft

On average, LBC rates are up by 3.9% for industrial, 1.7% for commercial and 2.9% for place of worship/civic and community institution uses

Taiwanese tech group FIC Global to open facility at Woodlands node while retaining manufacturing in Johor in ‘twinning’ model analysts expect more to adopt