Daily Archives: 27 Aug 2009

First phase of Marina Bay Financial Centre is 67% pre-leased

Posted on 27 Aug 2009 | Comments Off on First phase of Marina Bay Financial Centre is 67% pre-leased

The first phase of Marina Bay Financial Centre is now 67 per cent pre-leased ahead of its completion in the second quarter of next year. This phase includes Tower Two and the fully pre-leased Tower One.

The latest tenant at the location is Servcorp, a serviced and virtual office provider. In a statement, Raffles Quay Asset management said Servcorp’s seven-year lease will start next year.

Servcorp will occupy an entire floor spanning about 22,000 square feet in Tower Two. It will join other companies like BHP Billiton and the Macquarie Group.

Phase Two of the Marina Bay Financial Centre is due for completion in the second quarter of 2012. Its office space in Tower Three already has 55 per cent pre-commitment.

Source : Channel NewsAsia – 27 Aug 2009

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More buyers now going for pricier homes

Posted on 27 Aug 2009 | Comments Off on More buyers now going for pricier homes

THE property boom is fast spreading to the upper reaches of the market, with more people buying premium-priced homes, according to data from property consultancy DTZ.

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The firm’s analysis of caveats lodged shows that 22 per cent of total private home sales in the second quarter were for homes priced above $1.5 million, compared to 10 per cent in the first quarter.

Buyers living in private residences bought 4,651 homes between April and June, more than the 3,710 homes purchased by HDB-based buyers. DTZ said that this showed a spillover of demand from the mass market to the mid- and higher-tier segments. Continue reading →

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Posted in Property Market / Real Estate, Property Price

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