Topic of Interest: #CBRE (366 Articles Found)

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Grade A offices may lead recovery in Singapore’s office market

With the government’s announcement that work-from-home will no longer be the default arrangement in Singapore, CBRE expects Grade A offices to lead the recovery of the Singapore office market this year. “There is optimism surrounding the mid-term outlook,…

The future for offices in Singapore

At the onset of the Covid-19 outbreak, safe distancing and circuit breaker measures necessitated the implementation of flexible working arrangements. Even when Singapore transitioned to phase three of reopening, most firms have been adopting a hybrid approach that…

Two Kampong Glam shophouses on sale for $11.55 mil

Two prime freehold shophouses at 33 and 35 Sultan Gate within the Kampong Glam conservation area have been put up for sale via EOI, with an indicative price of $11.55 million, revealed CBRE. This works out to around…

Data centre net absorption doubled in 2020: CBRE

The net absorption of data centres doubled in 2020, which is driven by a pandemic-led surge in demand for video conferencing, online schooling, entertainment, social networking and platforms to support remote working, according to CBRE’s new APAC Data…

It’s back to work in 2021, says CBRE with 70% of bosses wanting a return to the office

Bosses are increasingly keen for their staff to return to the office, but many offices will need to go through some remodelling as workers look to more collaborative workspaces, says Henry Chin, head of research at CBRE APAC.…

CBRE leads commercial real estate investment sales in 2020: RCA

RCA has named CBRE as number one in commercial real estate investment sales in 2020 with an overall 33.6% market share across all property types. RCA credited CBRE with 24.2% of market share across all property types on…

Two-storey corner shophouse in Serangoon for sale at $11.8 mil

A two-storey corner shophouse at 67/67A Serangoon Garden Way is up for sale with a guide price of S$11.8 million, or $4,241 psf on a land area of 2,782 sqft, according to CBRE. On a 999-year leasehold, the…

Freehold three-storey commercial building along Upper Changi Road North for sale at $38 mil

A brand new three-storey commercial building (Liv@Changi) at 933 Upper Changi Road North has been put on the market at a guide price of $38 million ($2,000 psf on GFA). The building sits on a freehold site of…

Condominium and serviced apartment tower on Devonshire Rd put on market

Two residential properties along Devonshire Rd have been put up for sale – The Bayron, a condominium, and Devonshire Apartment. The guide prices for the two developments, which are next to each other, are S$376 million for The…

112 Telok Ayer Street up for sale at $8.8 mil

A two-storey conservation shophouse with attic at 112 Telok Ayer St has been put on the market for a guide price of $8.88 million. The property sits on a land plot measuring around 770 sqft and has a…

Two adjoining sites at Still Road and Koon Seng Road for sale at $21 mil

Two sites at 97 & 99 Still Road and 137 Koon Seng Road, which are adjacent to each other, have been launched for sale. The guide price is $21 million (or around $960 psf ppr), subject to confirmation…

Pair of freehold shophouses along East Coast Road up for sale at S$7.8m

A pair of shophouses located at 425 and 427 East Coast Road has been put up for sale via an EOI exercise, with an indicative price of S$7.8 million. The price tag works out to about S$1,092 psf…

2021 a year of two halves for Singapore’s office market

CBRE envisage 2021 as a year of two halves for Singapore’s office market, with the first half likely to be under pressure and the second half witnessing some improvement. “The underlying strength of the office market is underpinned…

Eight office units at Paya Lebar Square up for sale

Eight adjoining office units at Paya Lebar Square have been put up for sale via EOI, revealed CBRE. The eight office units are located on the eighth floor and have a combined strata floor area of around 5,469…

Singapore is second most preferred city for cross-border investments: Survey

Singapore is the second most preferred city for cross-border investments this year, a study noted on Wed. It also cited logistics as the most popular sector for investors, while interest in the office sector has weakened. The findings…

Pair of freehold conservation shophouses in Outram for sale at $33 mil

A pair of freehold, three-storey conservation shophouses, at 13 & 15 Teo Hong Road in the Outram area is up for sale at a guide price of $33 million, or $2,980 psf on total floor area. The two…

Residential investment sales stoke the flames of recovery

Real estate investment sales volume in Singapore totalled over $11.05 billion in 2020, according to estimates by CBRE Research. It marks the lowest investment sales volume since GFC in 2008, at $7.7 billion in total. “As a result…

Singapore property investment market likely to get ‘shot in the arm’ in 2021: CBRE

Property investment sales in Singapore are likely to rebound as vaccination programmes are rolled out next year, with business sentiment picking up and border restrictions gradually eased, CBRE said on Mon. Michael Tay, head of capital markets for…

Office rents to see positive growth in 2021: CBRE Research

Office rents would fare better in H2 2021 and consequently result in an overall positive rental growth next year, said CBRE’s research arm. The forecast was based on MTI’s projection that Singapore’s economy would grow by 4% to…

Perennial Real Estate, Kuok Khoon Hong joint entity pay S$280.9m for Mediacorp’s Caldecott Hill site

A sprawling 752,015 sqft hilltop site where the former Caldecott Broadcast Centre formerly stood, was sold to PRE 10. PRE 10 is an entity jointly owned by Perennial Real Estate Holdings and Mr Kuok Khoon Hong, chairman of…

Fortuna Hotel’s tender closing deadline extended

The closing of the tender exercise for the 106-key Fortuna Hotel at 2 Owen Road has been extended from 10 Dec to 12 Jan 2021 after feedback from interested buyers that they need more time to assess the…

Porcelain Hotel relaunched for sale at lower guide price of $68.8 mil

The Porcelain Hotel at 48, 49, and 50 Mosque St in Chinatown has been relaunched for sale at a guide price of $68.8 million. This is the second time the 99-year leasehold hospitality asset is on the market…

Fortuna Hotel next to Farrer Park MRT station up for sale with S$98.8m guide price

Fortuna Hotel at 2 Owen Road, just across the road from Mustafa Centre, has been launched for sale by tender with a guide price of S$98.8 million, CBRE said on Wed. Its tender will close on Dec 10.…

Mediacorp puts up 7ha site of former Caldecott Broadcast Centre for sale, redevelopment into bungalows

Nearly five years after its move out of the Caldecott Broadcast Centre at Andrew Road, Mediacorp is putting up the sprawling hilltop site for sale. URA has granted the go-ahead for a proposal to redevelop the 7ha site,…

East Coast shophouse home to famous Boon Tong Kee chicken rice put on market

A freehold three-storey conservation shophouse – known for the popular Boon Tong Kee chicken rice restaurant tenanted there – has been launched for sale with an indicative price of S$9.5 million. The price tag works out to about…

Three adjoining conservation shophouses in Kampong Glam on the market for $7.64 mil

Three adjoining conservation shophouses in Kampong Glam are up for sale at $7.64 million, or $3,000 psf, according to CBRE. The three properties, at 14, 16 and 18 Baghdad St, have a total GFA of 2,548 sqft, occupy…

Freehold site at Devonshire Road up for public tender at $376 mil

A 56,841 sqft elevated freehold site in District 9 has been put up for public tender at an indicative guide price of $376 million, or $2,377 psf ppr. Currently, it accommodates 96-unit The Bayron condominium and holds the…

Twenty-two freehold commercial units in Hexacube for sale at $43.8 mil

A portfolio of 22 freehold retail and F&B units at Hexacube at Changi Road is on sale via an EOI exercise. The indicative guide price of $43.8 million, or around $3,252 psf. The combined strata area of the…

Singapore real estate firms win prestigious international recognition

Two Singapore real estate firms won precious awards from Euromoney. Industry professionals from around the world participated in this year’s survey, for which over 2,700 valid responses were received. CBRE has been named the best Overall Agency in…

Nine ground-floor strata units at Pantech Business Hub for sale at $650 psf

Nine units at Pantech Business Hub are on sale for an indicative price of $650 psf on the strata area. The smallest unit is 1,259 sqft and the largest is 3,488 sqft. The ground-floor units, totalling 17,825 sqft,…

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