Monthly Archives: August 2009

Property launches here see sustained interest

Posted on 4 Aug 2009 | Comments Off on Property launches here see sustained interest

Property launches again attracted strong interest at the weekend – days after the government warned buyers against over-committing themselves.

‘Our ground checks last weekend revealed that buyers continued to throng showflats,’ DMG & Partners Securities analyst Brandon Lee said in a note yesterday.

TID – a joint venture between Hong Leong Group and Japan-listed developer Mitsui Fudosan – has sold all 297 units at Optima@Tanah Merah since the public preview began on Thursday last week. Buyers include HDB flat owners and private property owners, who took up the units at an average price of about $810 per sq ft. Continue reading →

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Posted in Developers, New Launches, Property Market / Real Estate

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Singapore slips to 4th in regional office rent survey

Posted on 4 Aug 2009 | Comments Off on Singapore slips to 4th in regional office rent survey

PLUNGING rents in the second quarter have seen Singapore slip from being the region’s third most expensive city for office space to fourth place.

Office rents fell 26.2 per cent from the first quarter, according to Colliers International’s new Asia Pacific Office Market Overview.

It was the biggest decline in the region, with Hong Kong next, with a fall of 10.3 per cent.

Tokyo is the priciest, with Hong Kong and Ho Chi Minh City second and third, respectively.

The survey assesses monthly gross rents for Grade A offices in central business districts of 26 cities in the Asia-Pacific region. Continue reading →

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Posted in Office / Retail / Industrial

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