Archive | October 9, 2007

Retail rents rise in Q3 but retail sales at a high

Some shops expand even as rents rise, others more sensitive to psf sales (SINGAPORE) Rents for shops on Orchard Road may have increased by another 12 per cent in the third quarter to $44.30 per square foot (psf) per month, but retailers are unfazed, especially as the latest figures show that the second quarter of […]

Leave a Comment Continue Reading →

Subsales picking up after lull as sellers temper their demands

Lock in profit if margin is good, some agents advise (SINGAPORE) After a lull of about six weeks, activity seems to be picking up in the subsale market on the back of the stock market rally and more reasonable demands from sellers. ‘It’s not as good as before sub-prime but much better than during the […]

Leave a Comment Continue Reading →

Spanish Village and Royalville up for en bloc sale

Indicative price for 331,457 sq ft Spanish Village is $878 million COLLECTIVE sale sites continue to be launched for tender, with Spanish Village in Farrer Road and Royalville in Bukit Timah Road being among the latest offerings. Both are freehold. Spanish Village, with a land area of 331,457 sq ft, has an ‘indicative guide price’ […]

Leave a Comment Continue Reading →

S’pore still hot despite office space crunch

Its overall value proposition is what counts ultimately, not just rental costs ASIA today is different from what it was 10 years ago – all the countries have undergone changes politically, economically and socially. Likewise, Singapore has emerged stronger fundamentally and is now one of Asia’s most conducive environments for business and investment, earning accolades […]

Leave a Comment Continue Reading →

KepLand to redevelop Ocean Building

KEPPEL Land will redevelop its Ocean Building and Ocean Towers office buildings into the new state-of-the-art Ocean Financial Centre (OFC), it said yesterday. When completed in 2011, the 43-storey OFC will offer some 850,000 sq ft of prime Grade A office space. Since KepLand owns the land OFC will come up on, it will only […]

Leave a Comment Continue Reading →

Q3 economic growth likely to be strong: economists

Expected 7.5% jump seen as a return to more normal rates SINGAPORE’S monetary policy will probably be left unchanged this week despite higher inflation, while annualised third-quarter economic growth is likely to be strong, if just half that in the unusually strong second quarter. A Reuters poll of 11 economists forecast that the advance estimate […]

Leave a Comment Continue Reading →

UK house prices fall in September

Concerns raised over outlook for consumer spending (LONDON) House prices in Britain unexpectedly fell for the first time since December last month, according to HBOS plc’s Halifax house price survey last Thursday, in a firm sign that the property market is coming off the boil. Rising interest rates and a global lending squeeze have been […]

Leave a Comment Continue Reading →

Gems in a booming Indonesian market

IN JAKARTA WHEN the wind blows in Jakarta these days, you could well be blinded by a blast of sand and grit swept up from construction sites that seem to have sprung up everywhere. Condominiums, offices, malls, mixed housing-retail-office complexes and even whole townships are in various stages of construction in the city – from […]

Leave a Comment Continue Reading →

43-storey block to replace Ocean Building

KEPPEL Land (KepLand) has started demolishing the 29-storey Ocean Building in downtown Singapore to replace it with a new office block – complete with state-of-the-art green features – by 2011. The new 43-storey building in Collyer Quay will be called the Ocean Financial Centre and offer about 850,000 sq ft of Grade A space. It […]

Leave a Comment Continue Reading →