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Stories by PropertyGuru | SFJ - Sqfeed Journal

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Singapore industrial prices, rents up in Q2 2021

Singapore saw industrial property prices and rents continue to rebound, increasing 1.8% and 0.6%, respectively in Q2 2021. Rental growth was observed across all warehouse and factory submarkets. Rents for warehouses increased 0.2% q-o-q, while rents for single-user…

Two adjoining terraces at Chiap Guan Avenue up for sale

A pair of 999-year leasehold terraces at 18 and 20 Chiap Guan Ave has been put up for sale via tender, revealed Colliers Intl. Located within the landed housing district of Kovan, the properties – which comprise an…

Singapore property investment sales rebound to pre-pandemic levels

Despite the enforcement of heightened COVID-19 restrictions, Singapore saw property investment sales revert to pre-COVID levels as it jumped 33% h-o-h and 171% y-o-y to $9.6 billion in the first half of 2021, revealed Colliers Intl in its…

Orchard Central’s car park installed with Tesla V3 Superchargers

Far East Organization (FEO) announced that Orchard Central’s Level 9 car park has been installed with three Tesla V3 Superchargers, making it Tesla’s first supercharger station within Singapore and SEA. It said the shopping mall’s strategic location within…

Property investment deals surged 127.3% in Q2, may hit $30bil by end-2021

Singapore saw property investment deals soar 127.3% to $5 billion during the second quarter of 2021, from $2.2 billion over the same period last year, revealed a Knight Frank report. “Investment sales in the second quarter of 2021…

Three conservation shophouses at Circular Road on sale for $28mil

A row of adjoining shophouses at 82, 83 and 84 Circular Road has been put up for sale via EOI with a guide price of $28 million, revealed Savills Singapore. Occupying a combined land area of 3,611 sqft,…

Office rent to bottom out by end-2021

Singapore’s office sector saw overall net absorption improve to 649,000 sqft in Q2 2021 from 185,000 sqft in Q1 2021, revealed an Edmund Tie report. The improvement comes on the back of the decentralisation trend, as more companies…

Residential sector dominates investment sales for Q2 2021

Property investment sales in Singapore increased 15.4% q-o-q to $5.48 billion in the second quarter of 2021, with the residential sector accounting for 56% of the total sales at $3 billion, revealed an Edmund Tie report. Of the…

Mapletree Logistics Trust granted option to acquire logistic property in Changi

Mapletree Logistics Trust (MLT) has been granted by RSH Holdings an option to acquire a logistic property at 9 Changi South St 2 for $24.5 million. The property is a part three-storey, part four-storey temperature-controlled warehouse building that…

Shophouse transaction value rose 29.9% in H1 2021

Singapore saw total shophouse transaction value increase 29.9% to $836.1 million in H1 2021 from 2H 2020, on the back of a pick-up in activity from Q4 2020, revealed a Knight Frank report. The H1 2021 figure includes…

Allgreen-Kerry joint ventures secure $861.75mil green loan for Pasir Ris 8

Two of Allgreen Properties and Kerry Properties’ 70:30 JVs – Phoenix Residential and Phoenix Commercial – have obtained an $861.75 million green loan from Maybank, OCBC and DBS to finance mixed-use development project, Pasir Ris 8. This marks…

Most BTO projects delayed by six to 12 months, says MND

With the construction industry being one of the hardest-hit sectors by the COVID-19 pandemic, most BTO projects have been delayed by around six to 12 months beyond their original estimated completion dates, said MND in Parliament on Tues.…

About 4,800 vacant rental flats available for allocation to new tenants

HDB has about 4,800 vacant rental flats available for allocation to new tenants, revealed MND in Parliament on Tues. Of these, more than 50% “need to be spruced up before they can be let out”. However, the pace…

Proportion of HDB resale buyers paying COV on the uptick

The proportion of HDB resale buyers paying a COV has been on the uptrend, rising from about one in five in 2020 to about one in three this year, said MND. “This reflects the current broad-based demand for…

Freehold property at Robin Drive sold for $17mil

A freehold property at 6A, B and C Robin Drive has been sold to Robin Development for $17 million, which works out to a land rate of $1,454 psf ppr, revealed Edmund Tie. Located near the Steven MRT…

Tanjong Penjuru warehouse put up for sale

A single-storey warehouse with a two-storey annex office at 2 Penjuru Lane has been put up for sale via EOI, revealed Colliers Intl. With a GFA of around 55,000 sqft, the property occupies an 86,143.5 sqft site and…

Rents for city fringe business parks, high-tech factories, logistics up in 1H 2021

With the industrial property market’s performance moving in tandem with the K-shaped economic recovery, Singapore saw city fringe business parks, high-tech factories and logistic properties outperform amid increased demand from pandemic thriving sectors. Rents for city fringe business…

Komo Shoppes secures 60% pre-committed leases

CEL Development (CEL), a wholly-owned subsidiary of Chip Eng Seng Corp, has secured 60% pre-committed leases for Komo Shoppes, the retail podium at integrated development Parc Komo in Changi. “From our soft launch of Komo Shoppes for lease,…

Jalan Papan industrial site launched for tender

Industrial landlord JTC on Tues launched one site at Jalan Papan (Plot 4) for tender. With a leasehold tenure of 20 years, the site has an area of 0.56 ha and a gross plot ratio of 1.4. It…

Gov’t launches seven sites under 2H 2021 Industrial GLS programme

The government launched four sites under the Confirmed List and three sites under the Reserve List of its IGLS programme for the second half of 2021. With a total area of 5.14 ha, all seven sites are zoned…

Real estate players should leverage on structural trend shifts post-pandemic, says CBRE

With various leading indicators showing that an economic recovery is well underway for Singapore, real estate players should leverage the structural trend shifts to position their assets post-pandemic or invest in these growth areas, according to CBRE. “Even…

999-year residential site at Kovan up for sale

A 999-year leasehold residential site at 34 Jansen Road has been put up for sale via EOI, revealed Colliers Intl. Located within the landed housing enclave of the Kovan estate, the 9,617 sq f 1.4 and a height…

BCA recognises new accreditation schemes for managing agents

In a bid to help the industry raise the standards of MAs that manages the operational and administrative tasks for MCSTs, BCA has recognised two new accreditation schemes for MAs that were introduced by APFM as well as…

People’s Park Complex car park put up for sale for $42mil

The entire multi-storey car park at People’s Park Complex has been put up for sale with a guide price of $42 million, which works out to $57,000 per car park lot, revealed Brilliance Capital. Spanning four floors on…

Office unit at Chinatown Point on sale for $4.46mil

A strata office unit at Chinatown Point has been put up for sale via EOI, with a guide price of $4.46 million, revealed CBRE. Located on Level 18, the office unit spans about 2,347 sqft with views of…

NUS’ two buildings to pilot digital solutions to improve energy efficiency standards

NUS will pilot SP Group’s digital solutions to improve energy efficiency standards. This comes after SP Group has been awarded by BCA a grant “to develop and implement technologies and digital solutions to push the limits of buildings’…

Freehold site along Lorong J Telok Kurau Road on sale for $30.6mil

A freehold redevelopment site at 12, 12A, 20 and 28 Lorong J Telok Kurau Road has been put up for sale by public tender with an indicative price of $30.6 million, revealed CBRE. Situated off Still Road, the…

Gov’t releases four confirmed sites, nine reserved sites for sale under 2H 2021

MND on Thurs unveiled four Confirmed List sites and nine Reserve List sites under the second half 2021 GLS Programme. The sites can yield around 6,860 private homes, 90,000 sqm GFA of commercial space and 530 hotel rooms.…

ESR REIT’s 19 Tai Seng Avenue property secures over 63% committed occupancy ahead of AEI completion

ESR-REIT’s property at 19 Tai Seng Ave has secured over 63% committed occupancy ahead of the completion of AEI in the third quarter of 2021. The property’s TOP is expected to be received in Q3 2021. In an…

Two residential sites at Jalan Tembusu and Tampines Street 62 released for sale in the GLS Reserve List

Two residential sites located at Jalan Tembusu and Tampines St 62 (Parcel B) have been released for sale on Thurs under the first half of the 2021 GLS programme. URA site at Jalan Tembusu and HDB site at…

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