Category: Market updates

Better than Expected Economic Growth Leading Office Rental Market?

Better than Expected Economic Growth Leading Office Rental Market?

September 5, 2017

The Ministry of Trade and Industry of Singapore (MTI) recently revised and narrowed the band of GDP growth of Singapore from ‘1% to 3% to ‘2% to 3%’ – a sign of better times to come in Singapore; at least in the third and final quarter of 2017. The sectors that experienced growth on a […]


HAITE Building

HAITE Building – Premium Business Park Space

March 22, 2017

HAITE Building & Haite Aviation Training Singapore Haite Aviation Training Singapore (referred to as HAITE Singapore), a wholly owned subsidiary of the Chengdu based Haite High-Tech Co. Ltd in Sichuan, China, opened its training facilities officially in April 2015. The $95.3 million six-storey HAITE building which spans over 21,000 sqm, located in Changi Business Park will be […]


TRIBE by TEC -Coworking Space in Raffles Place

TRIBE – Coworking Space

November 1, 2016

Established as a premium serviced office operator with more than 85 serviced office locations in more than 25 cities around the world, The Executive Centre stepped up its expansion plans into the Coworking space, joining the likes of Space (by Regus), JustCo (by Just Group) and riding on the popularity of flexible, open plan seating […]


Retail landlords dressing up their malls with innovative concepts to increase footfall

Retail landlords dressing up malls with innovative concepts to draw patrons

July 22, 2016

Prime retail rent fall in the City but remained stable in City Fringe and Suburban areas Prime retail rents islandwide decreased by 2.3% y-o-y to $31.20 per sf per month but remained unchanged from the preceding quarter based on the latest research report by Knight Frank Research released on the 1 July 2016. While retail […]


Jurong Lake District, Singapore's Second Central Business District (Source: URA)

3rd Precinct in Singapore’s 2nd Central Business District

July 18, 2016

URA unveils a third precinct at Jurong Lake District – Singapore’s Second Central Business The government has recently announced a third precinct – Lakeside Gateway in Jurong East, Singapore’s second Central Business District in addition to the existing Jurong Gateway (57 ha) and Lakeside (191 ha). At 112 hectures and comprising mostly the land currently occupied by Jurong […]


Time for Flight to Quality

Time for Flight to Quality

April 6, 2016

Multinational oil services companies are pulling out of Singapore and relocating to Malaysia. According to the Financial Times, US Oil and Gas Company McDermott, French Oilfield Services Company Technip and Olso-listed Engineering Contractor Subsea 7 have relocated to Kuala Lumpur, adding to salt to the already wounded state, plagued by low crude oil prices. In […]


Australian High Commission to Singapore Mr. Philip Green at the ribbon cutting ceremony

New Office Location for Davies Collison Cave

March 4, 2016

Davies Collison Cave, an intellectual property specialist firm, based in Australia, opens its first offshore office in Singapore. Occupying 3,294 sf on the 7th floor of Ocean Financial Centre, the office has a bird’s eye view towards Marina Bay Sands and the Central Business District. The swanky office is fitted with spacious rooms for its partners […]


Trehaus Cowork - Singapore's First Family Friendly Co-working Space Opens

Singapore’s First Family Friendly Co-working Space Opens

March 1, 2016

The once-dark shabby Orchard Hotel Shopping Arcade is no more. Renamed as ‘Claymore Connect’, the rejuvenated mall welcomes the latest tenant, Trehaus Cowork, the first family friendly co-working space in Singapore. While co-working space is not new in Singapore, the idea of marrying both co-working space and child minding is especially refreshing and ideal for […]


Dedicated servers v Cloud servers

Dedicated Servers v Cloud Servers

February 22, 2016

As cost of operating businesses escalates in Singapore especially in recent years, many companies are looking for ways to reduce their fixed overheads while maintaining a productive work force. As office space leasing agents, we constantly encounter management executives looking at ways to make Information Technology Systems (IT Systems) within the company run more efficiently, […]


Office space

Where is the Office Market Heading in 2016?

February 1, 2016

The Singapore economy grew by 2.0 per cent (based on advanced estimates) on a year-on-year basis in the fourth quarter of 2015, triumphing the 1.8% growth in the previous quarter of 2015 and achieved an overall growth of 2.1%, in line with the GDP growth forecast of ‘close to 2.0 per cent’ as announced by […]