Grade A office rents in the CBD saw an increase in the 1Q2023, with the gross effective rent for office spaces hitting an average of $11.30 psf per month, according to real estate consultancy, JLL. However, this 1.0% q-o-q growth was overshadowed by the 1.2% q-o-q growth seen in the previous quarter, marking the first slow-down of growth in five consecutive quarters.

Andrew Tangye, JLL Singapore’s head of office leasing and advisory, attributed this easing rental growth to the macroeconomic uncertainties that hindered the demand for office space. He noted that large space users decided to put expansionary and relocation plans on the back burner.

“Leasing activity in 1Q2023 was driven mainly by small-to-medium-sized space occupiers with immediate requirements such as new market entrants and those looking to accommodate new workplace design or increased hirings that took place in 2022,” Tangye points out.

Examples of such occupiers include Munich Re, …

Bukit Panjang is a suburban town located in the western part of Singapore. It is known for its scenic views, lush greenery, and a wide range of amenities, including shopping malls, educational institutions, and recreational facilities. In recent years, Bukit Panjang has also become home to Singapore’s newest integrated transport hub. In this article, we’ll take a closer look at Bukit Panjang, its history, attractions, and the Bukit Panjang Integrated Transport Hub.

History:

Bukit Panjang, which means “long hill” in Malay, was named after the long undulating hills in the area. The town was first developed in the 1980s and 1990s and has since grown to become a vibrant and thriving community.

Attractions:

Bukit Panjang is known for its scenic views and lush greenery. One of the most popular attractions in the area is the Bukit Timah Nature Reserve, which is home to a variety of flora and fauna, including …

CDL Real Estate Developer is one of the largest and most reputable property development companies in Singapore. Established in 1963, CDL has played a significant role in shaping the city-state’s urban landscape and has a proven track record of delivering high-quality and sustainable developments. In this article, we’ll take a closer look at CDL Real Estate Developer, its philosophy, projects, and achievements.

Philosophy:

CDL’s philosophy is centered on the belief that real estate development should be sustainable, environmentally responsible, and contribute to the well-being of the community. This philosophy is reflected in the company’s commitment to green and smart building technologies, as well as its focus on social responsibility and community development.

One of CDL’s most notable initiatives in this regard is its “CDL Future Value 2030” sustainability blueprint. Launched in 2017, this initiative aims to make CDL a leader in sustainable development by 2030. The blueprint outlines a range …

Qingjian Realty is a well-known real estate developer that has established its reputation as a leading name in the Singapore property market. The company is known for developing high-quality, innovative, and sustainable residential and commercial properties that cater to the needs of modern urban living.

Founded in 1952 in China, Qingjian Group is a diversified conglomerate that operates in various industries, including construction, real estate, logistics, and technology. Qingjian Realty is the real estate development arm of the group, and it has been actively involved in the Singapore property market since 2008.

Over the years, Qingjian Realty has developed an impressive portfolio of projects, ranging from executive condominiums to luxury apartments, landed homes, and mixed-use developments. The company has a strong focus on innovation, and it is known for incorporating advanced technology and sustainable features in its projects.

One of Qingjian Realty’s notable projects is the Waterbay Executive Condominium, located …

, SingaporeAn exceptional opportunity to acquire a modern and well-equipped commercial space located in the heart of Singapore’s CBD emerged with the sale of a six-storey shophouse in Boat Quay. Brokered by Savills Singapore, the property sold for a total of $37 million, resulting in a $16 million gain for the seller.Occupying a 1,119 sq ft site with an estimated total built-up area of 6,446 sq ft, the shophouse underwent extensive renovations in 2015. Currently, the top two floors are occupied by the Italian restaurant Braci, while an Izakaya bar occupies the ground floor and corporate office tenants on the second and fourth floors.

The sale of this Boat Quay shophouse was proof of a consistent demand for high-quality commercial properties in prime locations. The rarity of a riverfront-facing property being available for sale made is a desirable opportunity for investors. Yap Hui Yee, Executive Director of Investment Sales and …