Tech firms will account for 15 to 25 percent of annual office leasing volumes in Southeast Asia in the coming ten years, said real estate brokerage JLL in a report published today. The real estate consultancy sees ecommerce and Internet… Read More>>
Singapore Flexible Office Leases Jumped 44% in 2017
Flexible office providers grew their footprints in Singapore by 680,000 square feet in 2017, jumping 44 percent from the previous year, according to a new report from Colliers International. Asia is the fastest-growing market for flexible office space, but as… Read More>>
Facebook Chooses Singapore for $1B Data Centre
Facebook has chosen Singapore as the site of its first billion-dollar data center in Asia. The region is home to the tech giant’s fastest growing market and hosts 40 percent of Facebook’s 2.23 billion monthly active users.
“We selected Singapore… Read More>>
Cushman & Wakefield Hires Dennis Yeo as CEO for SE Asia
Cushman & Wakefield has hired a veteran leader of local offices for CBRE and Colliers International to head the real estate consultancy’s Southeast Asia and Singapore operations, according to an announcement today by the company’s APAC chief, Matthew Bouw.
“I… Read More>>
CapitaLand Sells 70% Stake in Singapore’s Westgate Mall for S$789.6M
CapitaLand announced on August 27th that the company is selling its 70 percent stake in the Westgate shopping centre in Singapore to its CapitaLand Mall Trust (CMT) affiliate for S$789.6 million ($578.6 million). The transaction, which is expected to be… Read More>>
CapitaLand-CDL JV Buys 3.7 Hectare Singapore Site for $566M
A CapitaLand-City Developments (CDL) joint bid won a government tender for a 3.7 hectare mixed-use site in northeastern Singapore with a bid of S$777.78 million ($566 million), according to announcements by the two companies.
In their first cooperation since 2007,… Read More>>
CLSA Puts Robinson 77 Office Tower on the Market for S$725M in Singapore
Robinson 77 is on the market for S$725 million ($530 million), less than two years after a CLSA fund bought the property for S$530.8 and just over a decade after another CLSA investment vehicle bought and resold the building within… Read More>>
Logos Agrees to Buy Site for S$270M Singapore Warehouse
Logos Property has agreed to purchase an industrial site near Singapore’s West Coast Highway as the regional logistics real estate firm continues to grow its presence in Southeast Asia.
Following completion of the acquisition, Logos says it will redevelop the… Read More>>
Wheelock Makes S$2.5B Buyout Offer for Singapore Subsidiary
An index of property shares on the Singapore stock market rose by around 16 percent in the first half of 2018, but even that healthy increase hasn’t been enough to prevent Hong Kong-listed Wheelock and Company from seeking to take… Read More>>
SG Private Home Sales Dropped 42% in June as 2018 Turns From Feast to Famine for Developers
Singapore’s sales of new homes residential sales plummeted 41.7 percent in June compared to July, with the slump in transaction volumes coming just before city authorities boosted the stamp duty on home purchases by as much as 50 percent as… Read More>>
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