Topic of Interest: #OfficeSpace (2,900 Articles Found)

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Hybrid working cuts emissions and saves businesses costs: IWG

The global Covid-19 pandemic has accelerated the world’s shift to a hybrid working model – a transformation that is expected to save not just the environment but also money for businesses, while imparting a host of benefits to…

Green office options aplenty in Singapore

As of 3Q21, close to 80% of the 69.7 million sqft of island-wide office space tracked by JLL is certified green. This green space positions Singapore’s office market well to ride the ESG wave that is hitting the…

Pandemic recovery to support swift real estate market rebound over next two years: ULI

ULI forecasts swift economic recovery for the real estate markets in Hong Kong, Singapore, China, and Japan over the next three years. “The APAC real estate industry is well primed for a resurgence in 2022 and we believe…

Eat, play, work: Crane’s new boho escape now open at Arab Street

Eat, play or work at a new space on Arab St that looks taken straight out of a bohemian fantasy. Crane, a social club that does it all – dining spot, coworking space, homeware retailer, and events hub…

Why is the Singapore REIT market going so strong after two years of COVID-19?

S-REITs have emerged as a resilient segment of the local stock exchange in the past two years. Traditionally a key pillar of the portfolios of individual investors in Singapore, the iEdge S-REIT Index, regarded as the S-REIT benchmark,…

Partygoers in S’pore fined over CNY celebration in office unit amid Covid-19

A group of 15 people gathered in an office unit near Marymount Road for a CNY celebration on Feb 25 this year, at a time when group gatherings were limited to eight people as part of Covid-19 measures.…

Dyson begins moving into St James Power Station HQ, official opening in 2022

Tech firm Dyson has begun moving into its new headquarters, which will be opened officially next year, at the historic St James Power Station. The first phase of the major restoration that the facility in Sentosa Gateway is…

Just how scientific is Singapore Science Park? A not-so-scientific investigation

The interest in scientific endeavours never waned, however. Sure, the actual work of empirical methods, recording hard data and remembering formulas is boring. But how can you not geek out AI, spaceflight and dog-shaped robots that can open…

Ascendas REIT to jointly develop 1 Science Park Drive with CapitaLand Development for $883 mil

Ascendas REIT will redevelop 1 Science Drive in a JV with CapitaLand Development (CLD), with a total cost estimated at $883 million. The process will start with A-Reit selling the asset into a JV for $103 million, which…

New projects on AXA Tower, PIL Building sites set to yield more office space

The redevelopment of ageing office properties in CBD may not necessarily lead to shrinkage of office space in the district in the mid to long-term, contrary to what some market observers expect. This is reflected in details from…

Reits may not be best vehicles to hold prime Singapore office assets

Many office workers are still working from home amid a high number of Covid-19 cases. Office landlords fret over when companies can get large numbers of staff back to offices safely and whether greater adoption of remote working…

The Working Capitol secures votes to continue with restructuring

Co-working and lifestyle operator The Working Capitol (TWC) announced on Nov 11, that the Scheme of Arrangement it has embarked on, has gained “a healthy and strong show of support” from its creditors, members and tenants, based on…

CICT to divest One George Street, to book net proceeds of $344.8 mil

CapitaLand Integrated Commercial Trust (CICT) is divesting One George Street and will book net proceeds of $344.8 million for its 50% stake. The 23-storey Grade A office building at the Raffles Place area is being sold for $1.2815…

The Great Room Afro-Asia ups the ante with sustainable luxury

Last week, hospitality-led co-working operator The Great Room opened its fifth and largest space in Singapore. The 37,000 sqft space spans the sixth to eighth floors of the 19-storey, newly redeveloped Afro-Asia Building on the corner of Robinson…

OUE C-REIT net property income down 17.1% YoY in Q3

OUE Commercial REIT’s NPI was at $46.2m in Q3. This is 17.1% lower on a y-o-y basis The decrease was due to the deconsolidation of OUE Bayfront’s performance post divestment of 50% interest in the property on 31…

CICT performed within analysts’ expectations as most maintain TPs starting from $2.20

Analysts from CGS-CIMB Research, Citi Research, Maybank Kim Eng and UOB Kay Hian have maintained “add” or “buy” on CapitaLand Integrated Commercial Trust (CICT) as they see the REIT as “well placed” to benefit from a macro recovery.…

What’s new on the hybrid work agenda

With Covid-19 restrictions extended to Nov 21, WFH is once again the default mode and social gatherings are still capped at two. Companies are increasingly coming to terms with the fact that “the 100% in-office work experience is…

Industrial property prices, rents continue to rebound in Q3

In line with the economy’s broad recovery, industrial property prices in Singapore continued to increase in the third quarter of 2021. In Q3 2021, prices for industrial space increased 0.1% q-o-q and 3.9% y-o-y, revealed JTC on Thurs.…

Creative work spaces will likely change in Singapore’s post-pandemic offices

Empty swings and exotic vacation-themed meeting rooms, social hubs without a steady flow of snacks and coffee – creative spaces and regular office cubicles in Singapore have lay empty for months during the pandemic. The cubicles and open…

Overseas offices, industrial properties dominate S-Reits’ acquisitions

Despite pandemic headwinds, S-Reits have continued to scoop up high-quality assets, with a focus on office properties and data centres located abroad. They made some S$8.9 billion in property investments in the first 3 quarters of 2021, close…

Mapletree Commercial Trust reports DPU of 4.39 cents, up 5.3% y-o-y.

Mapletree Commercial Trust has reported a DPU of 4.39 cents for 1HFY2021 ended Sept 30, up 5.3% y-o-y. During the period, MCT’s gross revenue was $243.7 million, up 11.5% y-o-y, whereas its NPI was $189.9 million, up 10.7%…

Keppel Infrastructure partners Perennial to introduce sustainable energy-as-a-service concept

Keppel Infrastructure has partnered Perennial to roll out Singapore’s first-of-its-kind energy-as-a-service (EaaS) concept at Perennial Business City at a contract sum of $50 million. Keppel Infrastructure’s sustainable EaaS concept includes the installation and operation of super-efficient chiller systems…

Amazon’s new 100,000 sqft corporate office makes it Asia Square’s anchor tenant

Amazon is now the new anchor tenant at Asia Square, with the opening of its 100,000 sqft Singapore corporate office in the Marina Bay retail and office development. The tech company also plans to create over 200 new…

Gaming firm Razer opens new Southeast Asia headquarters in one-north

Gaming firm Razer officially opened its new SEA headquarters in one-north on Tues and with it, announced its move to increase headcount in Singapore. “With the new Razer SEA Headquarters, we’re excited to expand our family in Singapore…

Keppel REIT distributable income jump 20.8% to $159.9mil

Keppel REIT saw its distributable income increase 20.8% to $159.9 million during the first nine months of 2021, from $132.4 million over the same period last year. In an SGX filing on Tues), Keppel REIT revealed that the…

Suntec REIT’s DPU jump 20.8% in Q3

Suntec REIT’s DPU increased 20.8% y-o-y to 2.232 cents in the third quarter of 2021. Distributable income also climbed 22% y-o-y to $63.7 million. Suntec REIT attributed the strong performance to the contributions from two newly acquired assets…

COVID: Man and woman in 15-person CNY gathering fined $3,000

A man and a woman were each fined $3,000 on Mon after admitting to attending a CNY celebration involving 15 people in Feb this year amid the COVID-19 pandemic. Xiao Jing, a 30-year-old China national, and Tey Zhi…

Most firms unfazed by rule that staff must be fully inoculated to return to workplace from Jan 1

Businesses are largely unfazed by the requirement from Jan 1 for staff to be fully vaccinated to return to the workplace, given Singapore’s high inoculation rate. Welcoming this move, Mr Kurt Wee, president of ASME, said: “Since at…

S’poreans suggest greener cooling with less reliance on air-con as part of long-term land use plans

Ways to reduce reliance on air-conditioning systems or make cooling greener were among the ideas shared by participants at a discussion on Sun about Singapore’s long-term land use plans organised by URA. Participant Adriale Pang said greener large-scale…

Only fully vaccinated employees can return to workplaces from Jan 1; others must test negative

From Jan 1, only employees who are fully vaccinated against COVID-19 or have recovered from the disease within the past 270 days will be allowed to return to workplaces, MOH said on Sat. Unvaccinated employees will not be…

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