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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 – 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 – 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 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 […]
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
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 […]
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 […]
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
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, […]
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 […]