Category: Uncategorized

The proposed Johor-Singapore Special Economic Zone (JS-SEZ) is expected to have a great impact on various industries, such as data centre, electronics and renewable energy, according to DBS research. The JS-SEZ was first announced during the 10th Singapore-Malaysia Leaders’ Retreat in October, and a memorandum of understanding was signed by both countries in January to work on a full-fledged agreement for the zone. The proposed JS-SEZ will be located in Malaysia’s Iskandar region, covering six districts with a total area of 3,505 sq km.

Under the JS-SEZ, initiatives such as special tax arrangements, training incentives, and passport-free clearance for smoother travel are being explored. The data centre sector is expected to benefit greatly from the proposed zone, in turn benefiting firms in technology services as well. DC Byte’s 2024 Global Data Centre Index has ranked Johor as the fastest-growing data centre in Southeast Asia. The state’s electrical and electronics sector, …

Brilliance Capital, the sole marketing agent, announced on September 26 that a five-storey high-specification light industrial building located at 4 Ubi View in the Paya Lebar-Ubi industrial area is currently available for sale through an expression of interest (EOI) exercise. The property, which has a land area of about 22,321 sq ft and a gross floor area of about 44,775 sq ft, is being sold under the “Business 1” zoning with a plot ratio of 2.0. The private leasehold property (non-JTC) has a 60-year lease starting from January 1999, with 34 years remaining on the lease. Foreigners and companies are eligible to purchase the property without paying any additional buyer’s or seller’s stamp duty due to its non-residential status.

The building is easily accessible via major expressways such as the PIE and CTE, and is also within walking distance of the Ubi MRT Station on the Downtown Line. As it …

K11 Musea, a premier shopping destination located in the bustling Tsim Sha Tsui area of Hong Kong, is gearing up to expand its luxury retail offerings with a brand new 30,000 sq ft space. This exciting development was announced in a recent press release by the mall’s operator, K11 Group. The additional space will be occupied by six prominent luxury brands – Audemars Piguet, Balenciaga, Brunello Cucinelli, Loewe, Saint Laurent and Van Cleef & Arpels – who will be revamping and expanding their existing stores over the next four years. The new space will also welcome incoming brand Prada.

“We are thrilled to see so many top luxury brands expanding their presence at K11 Musea, especially in light of the current challenges facing the Hong Kong retail market,” says Richard Cheung, Executive Vice President of K11 Group. “This is a testament to the excellent performance and impressive sales productivity of …

A high-level strata office unit situated at Samsung Hub, a prestigious Grade A office tower situated on Church Street in the Central Business District, has recently been sold for a substantial price of $14.8 million. The unit boasts a spacious area spanning 3,595 square feet and is situated on a high floor, as stated by Knight Frank Singapore, the agency that facilitated the transaction. Based on the unit’s size, the price works out to be $4,117 per square foot.

In July, EdgeProp Singapore had previously reported that a 3,595 square foot unit at Samsung Hub was up for sale with a guide price of $4,350 per square foot or approximately $15.6 million.

Samsung Hub is a commercial development with a 999-year leasehold and comprises of 30 storeys. Its prime location within the Central Business District places it in close proximity to major financial institutions and corporate headquarters. The office is …

Accor, a leading player in the global hospitality industry, has recently announced a new partnership with Fragrance Group and Global Premium Hotels. Under this agreement, two new properties will be developed to house three hotels, all set to open by 2027.

One of these properties, located at Hoe Chiang Road, will feature the largest Mövenpick hotel in the Asia Pacific region, with 808 keys. In addition, it will also include Mövenpick Living Singapore, a 37-key accommodation designed for long-term travelers.

The other property, situated at Waterloo Street, will be home to a new hotel under the Handwritten Collection brand. This 502-key property will be the second of its kind in Singapore, following the upcoming launch of Hotel Faber Park Singapore – Handwritten Collection in late 2023.

According to Garth Simmons, COO of Accor’s premium, midscale, and economy division in Asia, the signing of these three new hotels reflects the strong …

Marriott International has made an exciting announcement on September 23rd, revealing the launch of two luxurious serviced apartments in the vibrant city of Bangkok, Thailand. The newly opened Marriott Executive Apartments Bangkok Sukhumvit 101 offers 140 luxurious rooms ranging from studios to one and two-bedroom apartments, while the nearby Marriott Executive Apartments Bangkok Sukhumvit 50 boasts 72 exquisite rooms, spanning from studios to spacious three-bedroom suites.

Conveniently located in the bustling South Sukhumvit business district, the Marriott Executive Apartments Bangkok Sukhumvit 101 is ideally situated near popular attractions such as the Bangkok International Trade and Exhibition Centre and the True Digital Park, Southeast Asia’s largest technology and start-up hub. The exceptional serviced apartments feature studios measuring from 377 sq ft to 420 sq ft, one-bedroom suites ranging from 484 to 592 sq ft, and two-bedroom apartments spanning from 767 sq ft to 1,087 sq ft.

For those looking for a …

In the third quarter of 2024, gross effective rent for Grade A offices in Singapore’s Central Business District (CBD) remained steady at $11.50 per square foot per month (psf pm), according to data released on Sept 23 by global property consultancy JLL. This follows a slight increase of 0.7% quarter-on-quarter (q-o-q) in the second quarter, marking a slowdown from the 1.4% q-o-q growth in the first quarter of 2024.The plateau in rental growth coincides with a second consecutive quarter of rising vacancy rates for Grade A offices in the CBD, which reached 8.3% q-o-q in the third quarter of 2024. This increase is largely due to the completion of the IOI Central Boulevard Towers (IOICBT). JLL notes that tenants are becoming more resistant to rent hikes as vacancy rates continue to rise. Excluding the IOICBT, the vacancy rate for Grade A offices in the CBD would have remained relatively tight, …

Real estate has been the go-to source for amassing wealth for many affluent individuals in Singapore. This is no surprise, as the country’s thriving property market, bolstered by its position as a global financial hub, consistently attracts investors with its attractive commercial and residential spaces. While real estate has always been the cornerstone of wealth-building, investors are now turning to alternative assets like equities and cryptocurrencies to complement their property holdings and diversify their portfolios.

Brokerage firms such as Tiger Brokers play a crucial role in this strategy by providing access to a variety of financial instruments that can enhance real estate investments and offer investors a more well-rounded and dynamic approach to wealth management.

The enduring appeal of real estate
Investing in real estate in Singapore has proven to be a tried and tested strategy for long-term wealth preservation. The country’s tightly regulated property market offers transparency and protection …

A 1,593 sq ft strata office unit located at Havelock II will be up for auction on Sept 25 by SRI with a guide price of $2.63 million. This translates to $1,651 psf based on the strata area, which includes an accessory lot spanning 11 sq ft. The property, which is a corner unit on the seventh floor, is being sold by the owner and features a regular layout with meeting rooms, a washroom and a general work area. According to Mok Sze Sze, managing partner of auctions at SRI, the corner unit receives ample natural light and has an independent air-conditioning system.

Singapore’s real estate market has long been an attractive option for investors, especially when it comes to condo investments. However, one must also consider the government’s efforts to maintain a stable market through property cooling measures. These measures are crucial in curbing speculations and promoting a sustainable …

Amber 45, a freehold development, has recently made headlines for topping the list of condos with the highest psf-price peak between August 30th and September 8th. A 1,184 sq ft, three-bedroom unit on the sixth floor was sold for $3.35 million on Sept 2, giving Amber 45 a new high of $2,829 psf. This is the first time a unit at the development has been sold for over $2,800 psf.

Purchasing a condo in Singapore offers numerous benefits, one of which is the potential for capital appreciation. This vibrant country serves as a major global business hub and boasts robust economic factors, making it a popular choice for real estate investment. The steady demand for properties in Singapore has resulted in a consistent rise in property prices, with condos in prime locations experiencing significant appreciation. By entering the market at the opportune moment and holding onto their properties for an …