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13-08-2010 :
More Activity in the Executive Condominium Market Expected After a Five Year Lull
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The Executive Condominium (EC) market looks set to stir when new EC projects are launched over the next three to six months. Four new EC projects in Compassvale Bow, Punggol Field, Buangkok and Yishun yielding some 1,400 units will be launched in the next three to six months. These sites were awarded in the first half of 2010. The government will also be selling another five EC sites later in the year – at Jurong West, Punggol Drive, Elias/ Pasir Ris, Tampines and Segar Road which are expected to launch about another 2,600 EC units.
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04-08-2010 :
Rob Blain Awarded “Industry Champion” by RFP Magazine
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CB Richard Ellis (CBRE) is pleased to announce that Rob Blain, CEO and Chairman, Asia Pacific, has been awarded with the top accolade of “Industry Champion” at the 2010 RFP (Real Estate Facilities Projects) Outstanding Individuals Industry Awards. The awards celebrate the contributions of professionals in the real estate industry across Asia Pacific. RFP Magazine is one of Asia’s top trade titles and a leading magazine for industries of the built environment.
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06-07-2010 :
Rents Dipped Except At Prime Suburban Malls
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Consumer confidence is returning as the local economy made a dramatic recovery in early-2010. Combined with the annual Great Singapore Sale (GSS), it is likely that the cashiers’ till will continue ringing throughout the second quarter of 2010. On a cautionary note however, real wages have not increased in tandem with the spectacular GDP growth. This in addition with inflationary pressures could dampen consumer spending post-GSS 2010.
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29-06-2010 :
H1 2010 new home sales volume more than half of 2009’s
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The robust pace of new home sales in the first quarter of 2010 spilled over to April until uncertainties crept in from late-May. News of the European debt crisis triggered volatility in the global stock markets and caused the momentum of home sales to slow from late-May. Nevertheless, some 4,000 new homes were estimated to be sold in the second quarter which, together with the 4,380 units sold in the first quarter, added up to around 8,300 new homes being sold in the first half of 2010. This is more than half, or 56.5 per cent, of the 14,688 new homes sold in 2009.
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25-06-2010 :
Office Rents Turned Around In Q2 2010
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Office rents turned around in the second quarter of 2010 – after contracting for six consecutive quarters – on the back of a dramatic economic recovery and buoyed by pent-up demand. Some lingering concerns over the volume of impending supply and the hollowing-out of existing buildings within the CBD remained, but we are seeing an increase in Core & Fringe CBD rentals.
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26-05-2010 :
Prime Retail Rents Stabilise Across Global Markets
New York Still World’s Most Expensive Retail Location
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Prime retail rents in the world’s leading shopping destinations stabilised in the majority of markets, and grew in a number of major cities, in the first quarter (Q1) of 2010, according to the latest CB Richard Ellis (CBRE) Global MarketView report on the retail sector. As the global economic recovery begins to gather momentum, consumer and retailer confidence have started to improve. Whilst this has still not translated into retail sales growth in most markets, demand for prime retail space remains healthy and vacancy in the best locations is low. As a result, there are some markets globally where prime rents are rising, and many more where the rate of decline has slowed or rents are now stable.
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05-05-2010 :
Asia sees higher demand for premium office space
along with pick-up in “flight to quality” moves
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The opening quarter of 2010 saw robust office take-up in Asia’s major commercial centres as companies have become more willing to commit to space at the current rentals. Corporate occupiers are taking advantage of the fact that office rents have generally experienced downward correction for over a year in most markets, and some are availing themselves of this opportunity to upgrade their premises to Grade A facilities. At the same time, Asia’s overall business sentiment was buoyed by the continued improvement in the regional economy. The labour market has also tightened, with the unemployment rate clearly tracking downwards in most markets and large-scale companies announcing recruitment plans.
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05-05-2010 :
Asian Real Estate Investment Markets Remain Resilient in Q1 2010
CBRE Survey Finds Q1 Investment Turnover Jumped 215% Year-on-Year
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The Asian real estate investment market remained buoyant during the first quarter as investor sentiment remained largely positive, and investors continued to demonstrate cautious optimism. The steady flow of small and medium sized transactions witnessed in the latter half of 2009 continued to feed through into the year’s opening three months. Given the relatively low level of trading activity at the beginning of 2009, in the first quarter total direct real estate investment in Asia jumped 215% on a year-over-year basis to an estimated US$16.5 billion, according to CB Richard Ellis’ Asia Investment MarketView report for Q1 2009.
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19-04-2010 :
Launch of The Holland Collection
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The Holland Collection is an exclusive collection of 26 high-end luxury homes with 19 unique variations in layout, size and space configurations. It is located in the Good Class Bungalow enclave within the prime district 10 area and is a five-minute drive to Orchard Road.
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25-03-2010 :
Robust Sale Of Residential GLS Sites At The Start Of 2010
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With the Singapore economy on the road to recovery, activity in the real estate investment sales market started to strengthen in the beginning of 2010. In just the first three months of the year, the sale of residential GLS (government land sale) sites have already accounted for some $934.66 million to date, with developers displaying a hunger for land.
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08-03-2010 :
Recovery continued in the Asian REIT markets
with more acquisition activity recorded
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5 March, 2010 Asia – Asian REITs continued to recover in the second half of 2009 as the stock markets in Asia improved overall and conditions in the credit market became more relaxed. According to CBRE Research Asia, the total market capitalisation of Asian REITs rose 17.6% in the second half and 34.5% for the whole of 2009 thanks to the recovery in prices and the issuance of new shares. The market size of Asian REITs has yet to recover to pre-crisis levels, with their market capitalisation as of the end of 2009 still 17.4% lower than that recorded at year end 2007.
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01-12-2009 :
London (West End) Again World's Most Expensive Office Market;
Tokyo's Inner Central Market Ranks Second
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London’s West End is again the world’s most expensive office market, according to CB Richard Ellis Group, Inc. (CBRE) Global Research and Consulting’s semi- annual Global Office Rents survey. Tokyo’s Inner Central has slipped to second place, followed by that city’s Outer Central market. Hong Kong’s Central Business District (CBD) and Moscow are fourth and fifth respectively in the CBRE report, which tracks office occupancy costs in nearly 180 cities around the globe.
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