It rises 2 notches to take 12th place in the world
SINGAPORE has risen two notches to become the 12th most expensive industrial location in the world.
And excluding Japan, which is ranked third in the world, Singapore is the most expensive location in Asia, surpassing Hong Kong (23rd), Mumbai (26th) and Taipei (36th).
Average net rents are now at $1.70 per square foot a month after rising 26 per cent year-on-year (y-o-y) last year. Total occupancy cost was US$14.64 psf a year at end-December 2007.
Singapore was also the eighth highest in terms of y-o-y rental increase as reflected in Cushman & Wakefield’s (C&W) report, Industrial Space Across the World, which covers 138 global locations.
On industrial rents here, C&W (Singapore) managing director Donald Han said that demand rose across all segments including manufacturing, warehouses and business parks. The latter, in particular, gained from the spillover effects of t...
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No major property launches expected in the next 3 monthsFrom: lushhomemedia.com
Post Date: 2008-03-12 19:00:10
Kuwaiti pullout from $818m deal, low top bid for Jurong West site unnerve market
MAJOR residential property launches are unlikely for at least three months after the already nervous market was spooked by two sobering events this week, market analysts said.
The first was the pullout of a Kuwaiti investor, Kuwait Finance House, from an option to buy $818 million worth of 97 units at Goodwood Residence.
The second was when the top bid by a property developer for a Jurong West lande...
more Swiss Bank takes up bulk of new blockFrom: lushhomemedia.com
Post Date: 2008-03-12 18:43:54
EFG Bank leases 52,000 sq ft for the next 6 years, with naming rights
SWISS private banking group EFG Bank has leased 52,000 square feet or two-thirds of a nine-storey office block coming up opposite Parliament House.
Prestigious address: EFG Bank Building will come up opposite Parliament House. EFG Bank is taking space that’s three times the size of its existing premises
EFG has naming rights for the freehold building, which is expected to be ready in the first quarter n...
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