News in Brief / Latest Updates

Singapore Office Market News

The Singapore Office Market continues to move forward, despite these current uncertain times. Many more multinational companies are starting to take a more positive medium and longer term view…

FAQs – Your questions answered 1/3

Part 1 of our series on frequent questions we have been asked by tenants

Top quality prime office space still in demand

The Singapore office market remains active, although movement has been patchy and hasn’t been across the board. Top quality prime office space is still in demand…

Featured Building: 61 Robinson Road

Formally known as Robinson Centre, the building changed hands recently and the new owners have made a real effort to create a modern, classic-style office building, while retaining its rich heritage…

Healthy leasing activity in the prime financial district

Despite Covid-19 disruptions the prime office leasing market has been relatively active. One Raffles Quay North Tower has been particularly busy...

Leasing action on the fringe of the financial district has been brisk

Leasing action on the fringe of the financial district has been brisk. Italy’s leading bank, Intesa Sanpaolo Bank is expanding and has just moved into larger offices in...

Standard Chartered Bank is the latest major bank in Singapore to be considering right-sizing.

DBS Group Holdings trimming their office space footprint in the CBD

Featured Building: Guoco Tower

Guoco Tower is a 38-storey office tower forming an integral part of Tanjong Pagar Centre, a vertical city which is the tallest structure in Singapore, standing at over 290m…

Corporate Locations source new SEA Headquarters for Nikon Singapore at 18 Tai Seng

Nikon Singapore is relocating their SEA Headquarters to 18 Tai Seng. Corporate Locations is very proud to have acted for Nikon in sourcing their new office. Early in 2021 Nikon will be relocating from…

Featured Building: 55 Market Street

This recently upgraded office building is a 16-storey office tower with an average floor plate 4,800 sq ft. Efficient shaped floor plan, column free with side service core housing three passenger lifts…

Demand: Many companies working out a hybrid solution

Demand in the market has been patchy for the last six months, whilst most companies are still assessing what the 'new norm' will look like post Covid-19. For some companies, working from home has been a huge success, but not so for other companies.

Singapore Office Leasing Update: Recent Relocations

The world largest digital infrastructure company Equinix, has just committed to lease some 80,000 sq ft in 79 Robinson Road. This building is the high-end redevelopment of the old CPF Building. It is a joint development between Capitaland and…

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.

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.

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.

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...

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.

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.

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.

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.

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.

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.

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.

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…

Special Feature - Co-working Space

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