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S’pore out of Top 20 list of costliest office locations
SINGAPORE is now a relative bargain for office tenants. Thanks to a sharp fall in rents, it has fallen right off one key ranking of the world’s 20 most expensive office locations. RELATED LINKS TOP 5...
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Singapore drops 20 spots in office rental ranking
SINGAPORE has fallen out of the list of the 20 most expensive office locations in the world. This comes after the country posted the second biggest drop in average Grade A CBD office rental values in...
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AIG takes 5 floors at new Shenton Way tower
IN one of the bigger office leasing deals in recent months, AIG is understood to have leased five floors or about 60,000 square feet at the recently completed South Tower of 78 Shenton Way. CB Richard...
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40% of new Mapletree Business City pre-leased
A NEW business park development being built in Alexandra Road has already had 40 per cent of its space pre-leased, and could have another 15 per cent taken up soon. HSBC Bank, Unilever, American...
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Mapletree in talks to lease more space
Business park has leased 40% of space to major firms MAPLETREE Investments Pte Ltd said yesterday that it is in advanced negotiations to pre-lease another 15 per cent of space at its Mapletree Business...
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Office market here is still active
The vacancy rate in prime Grade A buildings rose from 1.8% in Q3 2008 to 6.1% in Q2 this year THE office market here, like many around the world, has seen a fundamental shift in dynamics over the last...
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DTZ expects office rentals to return to positive growth in 2010
Property consultancy DTZ has upgraded its outlook for the office property sector. It now expects office rentals to return to positive growth next year as the improving economic outlook feeds through....
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Analysts say office rental slide a necessary correction
Prime office rents may be on a downward trend, but analysts say there is nothing much to worry about as the decline is a necessary correction. An oversupply of office space and low demand has knocked...
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Leasing activity picks up in office projects
SP Services leases 100,000 sq ft at Mapletree Business City THE flight to quality continues in the Singapore office market as occupiers move from older buildings to newer ones. In demand: About 45 per...
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Office vacancies rise, rentals fall despite positive take-up
Fresh supply coming to the market outstrips rejuvenated demand ‘Demand will be reasonably strong next year, but vacancy rates will continue to rise through 2010 on the weight of new supply...
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High-spec space losing favour due to low office rents
HIGH-spec industrial space has lost favour with tenants in the past few months. As office rents plunged, some companies have gone back to leasing commercial space, says Colliers International. The move...
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S’pore offices 3rd most expensive in Asia
Slowdown in fall in rents in Q3 attributed to confidence in economic recovery OFFICE space in Singapore was the third most expensive in the region in the third quarter, as the fall in rents slowed...
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Big boys go looking for swank, new offices
The upswing in office leasing deals that started around July last year shows no signs of letting up. The healthy demand has persuaded some property consultants that rents for the best quality space in...
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S’pore office property market bottoming out: Jones Lang LaSalle
The Singapore office property market appears to be bottoming out and the trend of falling rents is stabilising, according to data from consultants Jones Lang Lasalle. This is even though its...
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Office market beckons
Singapore set to emerge as premier gateway city in region, say JUNE CHUA and CHRISTINE SUN ONE year into the global financial crisis that almost brought all major economies to their knees, Asia staged...
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Singapore returns to most expensive office list
Singapore has resumed its place in the top ten most expensive office locations in the world according to a report published by Colliers International this week. Singapore is ranked in ninth place now,...
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Singapore’s office rental market expected to go up
Singapore’s office rental market is on the rebound after bottoming out in the last quarter of 2012, according to Cushman & Wakefield. In its quarterly office market report, the real estate firm...
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S’pore’s office vacancy rates expected to rise
Singapore’s office vacancy rates are expected to rise further across all grades and micro markets, with a peak expected in 2013, according to property consultant CB Richard Ellis (CBRE). In the first...
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Prime office rents declined in the second quarter of this year
The average gross face rents for prime office space in Singapore declined in the second quarter as global economic uncertainties continued to plague occupier sentiment, according to DTZ. Those in the...
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Rents of prime office space set to rebound by end-2012
Renting prime office spaces in the Central Business District (CBD) has been getting cheaper since the third quarter of 2011. However, landlords need not fret any further. Experts said the Grade A...
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