Topic of Interest: #DTZ (151 Articles Found)

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Edmund Tie & Co charts a new course

The metal plate bearing the name Edmund Tie & Company once graced the main entrance of the company’s office on the 35th floor of Shaw Towers. It is now outside the boardroom, where it has been placed for…

DTZ relaunched as Edmund Tie & Company

Property consultancy DTZ Debenham Tie Leung (SEA) has been relaunched as Edmund Tie & Company, following Cushman & Wakefield’s sale of its majority stake to Edmund Tie & Company Holdings. PG understands that in Singapore and other Southeast…

Foreign buyers snap up pricier homes as locals purchase cheaper units

Foreigners and PRs appear to have bigger budgets compared to locals when it comes to home shopping. This chart from DTZ shows that Singaporean buyers tend to prefer projects priced under $1 million. In Q1, for instance, the…

More Indonesians, Mainland Chinese snapped up prime homes in Q1

Indonesian and Mainland Chinese buyers bought more luxury homes in the first quarter. A report by DTZ showed that the number of Indonesian home purchases in districts 9, 10 and 11 almost doubled to 41 in the first…

Residential market: Going against the tide

There has been much pessimism in the private residential market since the start of the year, with the release of a series of economic data suggesting subdued economic growth. News that the government would not be lifting the…

Shophouse at Serangoon Road to be auctioned

A conservation shophouse at Serangoon Road will be up for sale by auction, DTZ announced on Fri. Located along Serangoon Road off Race Course Road and Beatty Road, the shophouse on 486 Serangoon Road consists of a two-storey…

Yishun 10 ground-floor podium for sale at $48m

Property firm Bonvests Holdings is selling the ground-floor retail podium at Yishun 10 at an indicative price of $48 million. The retail segment is part of the four-storey Yishun 10 complex, which comprises a 10-hall cineplex on the…

1Q2016 investment sales down 74% q-o-q to $1.75 billion, says DTZ

Real estate investment sales fell from $6.7 billion in 4Q2015 to $1.75 billion in 1Q2016 on the back of the lowest investment sales volume since 3Q2009, according to DTZ. The decline in investment sales is partially attributed to…

Industrial building in Tuas up for tender

An industrial factory cum warehouse along Tuas View Crescent has been put up for sale by public tender, marketing agent DTZ announced on Wed. The part 1-storey and part 3-storey property sits on a 172,209 sqft land is…

Factory rents continue to tumble as manufacturing demand sinks

Average monthly rents for conventional factory space contracted by 3.5% quarter-on-quarter to $1.80 psf in the first three months of the year, marking the the third consecutive quarter of decline. Data released by DTZ show that factory rents…

Difficult retail conditions show in Q1 rental dip: DTZ

Retail rentals fell islandwide in the first quarter on weak demand, data from DTZ SEA released on Tues showed, coalescing with news of retailers consolidating and vacancies on the climb. According to the consultancy, average monthly first-storey rents…

Singapore CBD office rentals decline for third straight quarter

Office rents in Singapore’s CBD fell by 3.9 per cent in the first quarter of this year from the previous quarter, their third straight quarterly decline as concerns over a global economic slowdown dampened demand for office space.…

No buyers for bankrupt trader’s bungalow

One man’s misfortune might be another man’s opportunity. But no one succeeded in seizing the chance to buy the freehold bungalow at 85 Branksome Road, owned by the recently bankrupted managing director of spice trader Pars Ram Brothers.…

Chinese nationals still buying Singapore homes for their kids

Despite facing weaker currencies and slowing economies, mainland Chinese and Malaysians remain the top foreign buyers of Singapore property, revealed DTZ. Together, they bought 1,952 private homes in 2015, or 54 percent of total foreign purchases. Specifically, sales…

Spice trader’s District 15 bungalow put up for auction

A freehold District 15 bungalow in the Tanjong Katong area owned by the recently bankrupted MS of spice and nut trader Pars Ram Brothers has been put up for auction as a mortgagee sale. The indicative price of…

Geylang Road conservation shophouse up for auction

A two-storey conservation shophouses at Geylang Road has been put up for trustee’s sale through an auction, DTZ said Wed. Located at 617/617A Geylang Road, between Geylang Lorong 31 and 33, the freehold property has a total land…

askST: How to buy properties at auction

With recent market turmoil putting pressure on mortgage holders, the property market has seen a seven-year high in the number of repossessed properties put up for auction. ST also reported that the value of property sold under auction…

Home prices hammered at auctions

These are trying times, and the increase in the number of properties going under the hammer hardly raises any eyebrows. However, auction data compiled by property research house DTZ reveals some interesting trends. Our analysis shows prices have…

Mortgagee listings surge on the back of staff cuts: DTZ

The economic slowdown and soft leasing market has led to staff cuts, which caused some affected homeowners to have difficulty financing their mortgages, revealed a DTZ Research report. This has prompted new auction listings for mortgagee sales to…

Dim prospects, ABSD set to cut foreigner home buying again this year

The appetite for Singapore residential property among foreigners continues to diminish, depressed by higher purchase taxes and dim prospects for gains or returns. The number of private homes bought by non-resident foreigners (non-PRs) dropped 22 per cent to…

More GLS residential sites to be triggered for sale as developers rush to replenish landbanks

There was a time when developers preferred to accumulate land parcels through private land deals, but all that is now in the past. As cooling measures keep a lid on private transactions, a report by DTZ said that…

Property investment sales crash to six-year low in 2015

Property investment sales in Singapore dropped 15% to $16 billion in 2015, according to a report by DTZ. This marks the lowest sales volume since 2009, largely due to the mismatch of price expectations between buyers and sellers,…

Outlook for suburban retail market in 2016

For the whole of 2015, average first-storey rents in suburban areas fell 5.7% to $31.70 psf. Rents in the suburban areas were more resilient than other city areas, which fell 6.9%. Apart from serving residents in the immediate…

CBD office rents decline for the first time in 3 years

Average monthly gross office rents in CBD dropped 2.7 percent quarter-on-quarter to S$10.15 psf in Q4 2015, or its second consecutive quarterly decline, according to DTZ. For the whole of 2015, rents fell 5.1 percent, making it the…

This will be a bad year for business parks, analysts warn

Business parks used to be the sole bright spot of Singapore’s slowing industrial leasing sector. However, the sector appears to have finally run out of luck this year, according to analysts from DTZ. Business park rents slipped in…

Rents expected to dip more in 2016: Analyst

Rental values are likely to continue to slide in 2016, though this dip is not expected to last for too much longer, according to DTZ SEA. Consumer sentiments, coupled with the expected completion of retail developments such as…

Factory rents fell in Q4, will likely weaken further: DTZ

A weaker manufacturing sector and excess supply put a dent in average monthly gross rents for factory space in the fourth quarter of 2015, DTZ said on Tues. It added that with 4.6 million sqft of multiple-user factory…

After long drought, HDB upgraders are finally back in the home market

More private residential units were snapped up by buyers with HDB addresses in the third quarter, according to data released by DTZ. The number of buyers with HDB addresses rose by nearly 20.5% year-on-year in the third quarter,…

Malaysians, Mainland Chinese still eager to snap up Singapore homes

Mainland Chinese and Malaysians continue to have a strong appetite for Singapore residential properties despite unfavourable exchange rates, according to a report by DTZ. In the third quarter, some 275 homes were purchased by Malaysians, making up about…

More properties under the hammer in 2015

Singapore’s auction market saw 60 properties listed in Q4 2015, bringing the total number of new listings to 215 for this year, revealed a DTZ report. The number of properties put up for auction has steadily increased since…

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