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News in Brief / Latest Updates

A slew of commercial office buildings has been placed on the market for sale
August 2020

A slew of commercial office buildings has been placed on the market for sale

There is currently a lot of activity in the office buildings for sale market. Many of these sites will be suitable for mixed-use development, but the anticipated shortage of new office space around 2025 is likely to mean the office element will be an important factor.

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What rental relief is available for office tenants
July 2020

Find out what rental relief is available for office tenants, and if you are eligible

There has been much written about Covid-19 rental relief measures offered by the Government in the hard hit retail sector, but there is less information about what reliefs are available in the industrial/office sector.

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difference between Effective and Asking Rental Rates
July 2020

What is the difference between ‘Effective’ and ‘Asking’ Rental Rates?

Many tenants ask what is the difference between the effective rental rate and the asking rental and how is the effective rate calculated. The asking rate is exactly that, it is what the landlord officially quotes for any given building. However, most tenants need to know what the likely ‘bottom line’ actual rental overhead will be, after negotiations. This is known as the effective rate.

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Featured Building 30 Raffles Place
July 2020

Featured Building: 30 Raffles Place

30 Raffles Place, which was previously known as Chevron House and changed ownership in 2019, has just undergone a comprehensive refurbishment, completed in January 2020. This included enlarging the podium floors, increasing the floor plate size to 11,500 sq ft and fully renovating a 3-storey retail mall...

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rent rebates office tenants
April 2020

Retailers are getting rent rebates in some malls in Singapore, but what about office tenants?

News broke last week that several large developers were offering support to their retail tenants, to assist them with their overheads during this ‘circuit breaker’ period. This support came in the form of passing on the full property tax rebate, waiving rent payment for one whole month, as well as allowing tenants to utilize their security deposits.

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Recommended Office Leasing Options Economy Range Map
April 2020

Recommended Office Leasing Options: Economy Range - Where & Why

The most competitive office leasing options are usually found on the edge of the CBD or decentralized locations. Hence, this is why many of the buildings in these districts make up the bulk of our ‘best picks’ in the economy range.

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The bane of redevelopment break clauses in office leases. What can tenants do to deal with them?
April 2020

The bane of redevelopment break clauses in office leases. What can tenants do to deal with them?

One of the most contentious and increasingly common clauses in modern commercial property leases in Singapore, is the landlord’s right to pre-terminate the lease, in the event they decide to redevelop the building.

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Impact of COVID-19 on the Singapore Office Market
March 2020

Impact of COVID-19 on the Singapore Office Market

The extent to which COVID-19 will affect the office leasing market is unknown at this stage, but it certainly will not help an already slow market.

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Co-working expansion continues unabated
March 2020

Co-working Space Update

Much has been written about the growth/expansion of agile space / co-work space operators, but not much has been reported about which companies have come out of traditional office to use such facilities.

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Co-working expansion continues unabated
October 2019

Co-working expansion continues unabated

The phenomena that is flexible / co-working space continues to grow at breakneck speed and shows no sign of tailing off, although we are entering a new phase of maturity and saturation point might not be that far off.

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Co-working expansion continues unabated
October 2019

Success for the new office schemes in 2019

How well have the new office schemes leased out this year? The answer is very well indeed. Last year Frasers Tower was the star of the show for obvious reasons, with such illustrious anchor tenants as Microsoft, Total Oil and ABN Amro Bank.

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Featured New Development – 9 Penang Road
March 2019

Featured New Development – 9 Penang Road

Currently under development on the site of the previous Park Mall property near Dhoby Ghaut, this 10-storey building at 9 Penang Road will have…

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Special Feature - Co-working Space
March 2019

Special Feature - Co-working Space

The co-working concept is gaining traction with larger conventional office space users for a variety of reasons.

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