Singapore office rents see subdued growth in 1Q2023: JLL

Grade A office rents in Singapore’s Central Business District (CBD) welcomed a 1.0% q-o-q increase in 1Q2023, despite this representing the second consecutive quarter of slowing growth. This is according to research by real estate consultancy JLL, with the gross effective rent for such spaces standing at $11.30 psf pm.

Andrew Tangye, JLL Singapore’s head of office leasing and advisory, attributes the modest growth to a cautious approach from large space users who have opted to “press the pause button” on expansion and relocation plans in light of macroeconomic uncertainties.

Tay Huey Ying, JLL Singapore’s head of research and consultancy, explains that despite the prevailing caution, occupiers are seizing the opportunity to upgrade to better office spaces in new and upcoming completions due to the tight supply of Grade A office space.

For instance, at Guoco Midtown in the Bugis-Beach Road area, 80% of space is already taken up with …

Bukit Panjang Integrated Transport Hub Provide Amenities to Bukit Panjang Residents

The Bukit Panjang Integrated Transport Hub (ITH) is a state-of-the-art transportation facility that serves as a key transportation hub for the Bukit Panjang area in Singapore. Opened in 2017, the Bukit Panjang ITH is one of the most advanced transportation hubs in the country, offering commuters a seamless and convenient travel experience. In this article, we will explore the features and benefits of the Bukit Panjang ITH.

Location and Accessibility

The Bukit Panjang ITH is located at the junction of Bukit Panjang Road and Petir Road, next to the Bukit Panjang LRT station and the Bukit Panjang MRT station. The hub is well-connected to major roads and highways, making it easy for commuters to reach their destinations quickly and efficiently.

The Bukit Panjang ITH is also served by several bus services, including the 920 and 972, which connect commuters to other parts of Singapore. The integration of different modes of

Why Bukit Timah is a Highly Sought After Real Estate Location in Singapore

Bukit Timah is a popular location in Singapore that is attracting attention from real estate investors, homebuyers, and renters alike. This vibrant area has a lot to offer, from its lush greenery and quiet residential streets to its bustling shopping and dining scene. In this article, we will explore the reasons why Bukit Timah is becoming increasingly popular as a real estate location in Singapore.

Location, Location, Location

One of the primary reasons for Bukit Timah’s popularity is its location. Situated in the heart of Singapore, Bukit Timah is just a stone’s throw away from the Central Business District (CBD) and Orchard Road, which are two of Singapore’s busiest commercial areas. This makes it an ideal location for professionals who work in these areas and want to live close by.

Bukit Timah is also well-connected to the rest of Singapore, with easy access to major highways such as the Pan

Six-storey Boat Quay shophouse sold for $37 mil

, Singapore52 Boat Quay was sold for $37 million to a long-standing client via Lumina Grand EC Savills Singapore. Having undergone extensive renovations in 2015, the shophouse is now a modern commercial space with tenants occupying the various floors; ranging from the Italian restaurant Braci to the Izakaya bar to corporate office tenants. It is a testament to the demand for high-quality commercial shophouse properties in prime locations that the property garnered significant interest from investors. Yap Hui Yee, the executive director of investment sales and capital markets at Savills Singapore, noted that it is extremely rare for a riverfront-facing shophouse to be available for sale, making this an excellent opportunity for her client to acquire the flagship property. The seller made a gain of $16 million from the sale.…