Topic of Interest: #Commercial (10,221 Articles Found)

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Now that HSR is cancelled, what’s the land going to be used for?

1) Housing projects – Spanning 67ha, the former Jurong Country Club is large enough for BTO and condo projects. This is especially since there hasn’t been a BTO project in Jurong East in a long time; 2) Retirement…

Four shophouses in districts 1 and 2 put on the market

Four shophouses in CBD, including two at Tanjong Pagar, one at Telok Ayer and another at Pagoda St, have been put up for sale by ERA. All four are zoned for commercial use. The newly renovated conservation shophouse…

Weekend entry restrictions to Lucky Plaza, Peninsula Plaza to be lifted from April 10

From Sat, visitors to Lucky Plaza and Peninsula Plaza will no longer be subjected to odd-even entry restrictions based on the last digit of their identification number. The authorities, however, stressed that visitors should not rush to these…

Retailer Naiise to close last S’pore outlet at Jewel Changi Airport, some vendors owed up to S$10,000

Homegrown store Naiise, known for selling products such as clothing and shoes by local designers, will close its last physical store here, at Jewel Changi Airport, on Sun. Vendors told TODAY they are owed up to S$10,000 in…

Singapore’s biggest bank to cut office space in home market

DBS Group is poised to trim office space in Singapore, the latest bank to pare its footprint in the city-state during the coronavirus pandemic. SEA’s largest bank plans to surrender about two and half floors, or 75,000 sqft,…

FHT managers appoint Eu Chin Fen as new CEO

The managers of Frasers Hospitality REIT (FH-REIT) and Frasers Hospitality Business Trust (FH-BT) have appointed Eu Chin Fen as their new CEO. Eu will replace outgoing CEO Colin Low, whose last day of service is Apr 9. Eu’s…

National Design Centre exhibition imagines future offices centred around pantry

In a post-pandemic office, the centre of operations could be the pantry. An exhibition on the future of offices at National Design Centre launched on Thurs is as provocative as it is timely, coming as more employees are…

Dolce & Gabbana opens first DG Beauty boutique in Southeast Asia

Italian luxury brand Dolce & Gabbana has opened its first DG Beauty boutique in SEA at Ion Orchard. The 92 sqm store will host a selection of fragrances, and for the first time will exclusively sell its makeup…

Circuit breaker reshaped value of office space

Mr Foo Sing Kheng’s view that employees should return to working in the office seems to suggest that the status quo of the past should be maintained. It is this mindset that has kept Singapore’s productivity low. Contrary…

Global trading firm Optiver to open Singapore office

Global market maker and proprietary trading firm Optiver will be opening a new office in Singapore this year, as part of its expansion in the APAC region. The opening of the Singapore office will mark the fifth office…

Lendlease appoints new Asia chief executive based in Singapore

Sydney-based Lendlease, which manages Singapore-listed Lendlease Global Commercial Reit, has appointed Justin Gabbani as its Asia CEO, effective June 1. Based in Singapore, Mr Gabbani will take over from Tony Lombardo, who was appointed group CEO designate in…

Will office assets continue to pique investor interest?

The slump in office prices in the Central Area outpaced the decline in rents last year, likely due to the pandemic-linked uncertainties plaguing the office market. While prices and rents for offices have moved in the same direction…

Wet market, Prime supermarket in Bukit Batok visited by Covid-19 cases while infectious

MOH on Wed added two more locations to a list of public places that had been visited by Covid-19 cases during their infectious period. It said that the infectious persons had visited Prime supermarket at Blk 373 Bukit…

Chip Eng Seng unit to sell 2 shophouses in Tanjong Pagar for S$10.7m

A subsidiary of property developer Chip Eng Seng Corp is set to sell two conservation shophouses along Tanjong Pagar Road and three units of shophouses along Geylang Road, the company said on Wed. CES Capital Holdings entered into…

Why aren’t all tables at East Coast Lagoon Food Village sheltered after renovation?

I was with my family at the East Coast Lagoon Food Village in East Coast Park on a rainy evening last Sat. Like many families, we had to walk around while waiting for an available table. We were…

TCM practitioner fined for opening clinic during circuit breaker after patient notifies authorities

A TCM practitioner agreed to open her clinic to treat the son of a long-time customer during the “circuit breaker” period, when all non-essential businesses were ordered to shut. She later treated more customers, seeing five people in…

KFC outlet in Punggol has licence suspended for selling food that is unclean or contains foreign matter

The licence of KFC at Oasis Terraces in Punggol has been suspended for two weeks from Tues to Apr 19, SFA said. The outlet at 681 Punggol Drive has accumulated 12 demerit points over a 12-month period for…

Hmlet: a hard lesson in hubris

Reality has set in for co-living operator Hmlet. An overly rapid expansion, a cash crunch and a mgmt exodus have forced the company to rethink its lofty ambitions. Its US-listed, China-based peers, which have experienced similar falls from…

CBD Grade A rents stabilise in Q1 2021

Singapore saw stabilised rents for Grade A offices in CBD in the first quarter of 2021, falling by only 0.3% q-o-q to $9.54 psf. The downtick was mainly by Orchard and Raffles Place/New Downtown Premium micro-markets which posted…

Maxwell House relaunched for collective sale at $268 mil

Maxwell House, at 20 Maxwell Road, has been put up for collective sale for the second time at a lower reserve price of $268 million, a drop from its previous reserve price of $295 million, according to C&W.…

Lazada pop-up store at Raffles City takes over space formerly occupied by Robinsons

The space formerly occupied by Robinsons on the third level of Raffles City Shopping Centre has now been taken over by online retailer Lazada. Over the next two weeks, Lazada will be showcasing home furnishings and smart home…

Large amount of waste generated during stay-home notice at hotel

I have just returned from India. I am currently housed in a hotel for the 14-day stay-home notice period, and am shocked at the colossal amount of waste being generated every day. The three daily meals are served…

Real estate investment deals in Singapore amount to $3.8 bil in 1Q2021: Knight Frank

Real estate investment sales in Singapore amounted to some $3.8 billion in 1Q2021, representing an uptick of 26.7% y-o-y from $3.0 billion in 1Q2020, according to Knight Frank research. The residential sector retained momentum, raking in some $1.7…

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,…

Can Singapore’s office rents outprice Hong Kong as Alibaba, ByteDance, Tencent set up shop in rival financial hub?

Singapore’s office rents have a long way to go before matching Hong Kong’s, even after half a dozen of mainland China’s largest technology behemoths piled into the city state in recent months to set up their regional hubs,…

Fukui omakase opens on Mohamed Sultan Road

A new Japanese joint serving dishes powered by fresh, seasonal produce has opened at 25 Mohamed Sultan Road. Fukui, led by a chef who claims to have served the late Lee Kuan Yew, is an omakase delight that’s…

Chinese New Year boosts retail sales by 5.2% in February

Retail sales grew by 5.2% y-o-y in Feb, compared to the 6.1% y-o-y decline recorded in Jan according to the latest government statistics. The growth was attributed mainly to CNY Celebrations. The total retail sales value was estimated…

KSH wins $171.8 mil contract for Biopolis Phase 6 development

KSH Holdings has secured a $171.8 million design and build contract under the Biopolis Phase 6 development in one-north as well as works at the adjacent Buona Vista Node of the rail corridor from HB Universal, a wholly-owned…

Relief period for options to purchase, S&P agreements for property extended to June 30

The relief period for OTP, and SPAs with developers will be extended for an additional three months, up to June 30. This will help buyers of residential, commercial and industrial properties who require more time to make their…

CBD bustling again as more workers return to offices

The CBD was bustling on Mon — the first day of relaxed workplace restrictions — with snaking queues spotted in food courts and hawker centres during lunch. Between 8.30am and 10am on Mon, TODAY observed a steady stream…

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