Commercial, industrial space increasingly popular among investors

Investors searching for better returns are turning away from the private residential market and toward in the commercial and industrial markets, according to a report by The Straits Times. As such, the holding period for strata commercial units has declined to just 60 days for projects launched in 2012, compared to 440 days in 2010
read the rest…

JTC Corporation launches new S$50m SEH

by Cheryl Tay JTC Corporation has launched a new S$50 million Surface Engineering Hub (SEH) that will host an integrated ecosystem of companies in the engineering industry. Located at Tanjong Kling, the 1.88 ha high-rise multi-tenanted manufacturing facility (pictured) is intended to promote the sharing of collaborative growth opportunities within companies, including plating technology researchers
read the rest…

CapitaMall to sell Sembawang Shopping Centre?

by Cheryl Tay: There is possibility that CapitaMall Trust (CMT) would sell its Sembawang Shopping Centre, according to Nomura. Nomura noted that the sale of Hougang Plaza at 3.5 times its end-FY 2011 valuation in May emphasised the strong investor demand for commercial properties, “although we believe the premium paid for Hougang Plaza also took into
read the rest…

Alliance Global Properties sold stake in Mapletree Logistics Trust

by Cheryl Tay The shares of Mapletree Logistics Trust, a company that owns logistics and warehouse assets in Asia, plunged by up to 4.5 percent to a one-month low after a unitholder sold its stake in a block trade. Alliance Global Properties sold off its 139.3 million shares or 5.7 percent stake in Mapletree Logistics for
read the rest…

Warehouse rents peaked in Q2 2012, says Colliers

by Cheryl Tay Rents of prime upper floor conventional warehouse properties have exceeded their last peak in 2008 by 17 percent, according to Colliers International. The latest quarterly industrial property market research revealed that Singapore’s industrial property market for Q2 2012 fared well. The rise in market sentiment brought the strong performance despite renewed fears of
read the rest…

New idea sparks with Work office, home office (Woho)

by Cheryl Tay: A new twist from the small office home office (Soho) concept is being tried in the market, the ‘work office home office’ (Woho). In its new Fusionopolis project, Ascendas applied the idea of adding Woho units. Although the project is basically a business park, it allows offices to double as homes, with each
read the rest…

Ascendas wins Fusionopolis phase 5 tender

by Cheryl Tay JTC Corporation (JTC) has awarded the tender for Fusionopolis (pictured) Phase 5 to Ascendas Land (Singapore) Pte Ltd, after it submitted the highest bid of S$172.78 million. Launched on 16 December last year, the site attracted a total of five bids as the tender closed on 9 March. The project comprises a multi-tenanted
read the rest…

Demand robust for S’pore office sector: CBRE

by Cheryl Tay Nearly half a million sq ft of office space was taken up in Q2 2012, reflecting a robust demand in the sector, according to a recent CBRE report. Office demand has exceeded expectations with stronger leasing performance and a positive net absorption that hit 473,200 sq ft. Some occupiers have availed of the
read the rest…

Global commercial investment on the up and up: JLL

by Cheryl Tay There is more positive activity in the global commercial property investment market, based on preliminary data gathered from over 60 countries by Jones Lang LaSalle (JLL) Capital Markets Research. Data shows that volumes increased 10 percent to US$103 billion (S$130.83 billion) from Q1 2012, as investors evade equities and move towards assets. Investment
read the rest…

KCA reveals redevelopment plan

by Cheryl Tay Kranji Countryside Association (KCA), a group conceived by visionary farmers wanting to raise awareness about Singapore’s rural north-western corner, has revealed redevelopment plans that could pave the way for the construction of a new farmer’s hub by 2014. Aimed at attracting local tourists, the redevelopment plan would be a better approach in bringing back
read the rest…