THE weakening economy is starting to take a toll on prime office space in Singapore, according to a new report. Vacancy rates in these buildings crept higher as rents slipped in the final quarter of last year, said the report compiled by Savills Singapore. The firm attributes these trends to weakening sentiment in the job …
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Singapore raises sea defences opposite waves of meridian change
SINGAPORE (Reuters) – A 15-km (10 mile) stretch of crisp white beach is one of the key battlegrounds in Singapore’s campaign to defend its hard-won territory against rising sea levels linked to climate change. …
Singapore Stocks-May open up; CapitaLand, SPH in focus
SINGAPORE, Jan 11 (Reuters) – Singapore shares may open higher on Wednesday after U.S. stocks rose to a five-month high on hopes for strong corporate earnings, though investors are likely to remain cautious in the near term due to the debt woes in the euro zone. Singapore’s CapitaLand Ltd, Southeast Asia’s largest property developer, may be in …
Singapore's CapitaLand puts US$3.3b in Chongqing project
Singapore property giant CapitaLand has put down a S$4 billion (US$3 billion) wager on the Chinese real estate market, signalling confidence in China even as many hold back amid fears of a recession this year. Yesterday, the home-grown developer sealed an agreement with south-western Chongqing city to build an iconic mixed-used project designed by architect Moshe …
Singapore Stocks-May open up; Mewah, CAO in focus
SINGAPORE, Jan 3 (Reuters) – Singapore shares may open higher on Tuesday after a new year rally in European stocks, but gains may be limited by data showing that the city-state’s fourth quarter GDP contracted an annualized 4.9 percent from the third quarter. Singapore-listed palm oil firm Mewah International may be in focus after the …
GoldenSource Opens Singapore Office
LONDON and NEW YORK , Dec. 22, 2011 /PRNewswire/ – GoldenSource, a leading provider of Enterprise Data Management (EDM) solutions, has announced that it has opened an office in Singapore , its fifth office in the APAC region. David Chew has been appointed as …
Asia-Pac bureau rents arise neatly in Q3
Rents of office space in the Asia Pacific region increased by twice the global rate in Q3 2011, as China’s economic expansion boosted demand for commercial property. According to the latest report by Jones Lang LaSalle Inc (JLL), rents for prime Asia Pacific office space rose 10.5 percent year-on-year, compared to the global growth rate of …
Singapore bureau rents up, though usually slightly
Grade A office rentals in the central business district (CBD) crept up by two percent to S$9.08 psf per month in the third quarter, according to Colliers International’s latest quarterly research, marking the lowest quarterly growth since Q2 last year. “The overall CBD Grade A office rents were largely supported by selected prime buildings in the …