DAILY NEWS

Daily News – 20 May 2022 (Fri)

Singapore Real Estate

5-room HDB flat at Henderson Road chalks up new resale record of S$1.4m
A five-room flat in Henderson Road just changed hands for S$1.4 million this month, making it the priciest transaction in the HDB resale market yet. The unit in Block 96A, at 1,216 square foot (sq ft) in size, is on the 41st floor of the 48-storey block, which gives it panoramic views of the area.
https://www.businesstimes.com.sg/real-estate/5-room-hdb-flat-at-henderson-road-chalks-up-new-resale-record-of-s14m
https://www.straitstimes.com/singapore/housing/five-room-hdb-flat-at-henderson-road-with-96-years-remaining-lease-sold-for-record-14-million

Amazon said to be in advanced negotiations to lease space at IOI Central Boulevard Towers
Amazon is said to be in advanced talks to lease offices in IOI Properties Group’s office development along Central Boulevard. Market estimates of the amount of space that the multinational tech company is looking to lease at IOI Central Boulevard Towers vary, but most sources put it at around 350,000 sq ft.
https://www.businesstimes.com.sg/real-estate/amazon-said-to-be-in-advanced-negotiations-to-lease-space-at-ioi-central-boulevard

Companies’ Brief

Centurion to acquire freehold student accommodation in Nottingham
Centurion Corp will acquire a 103-bed freehold student accommodation asset in Nottingham in the United Kingdom for £10.4 million (S$18 million), the mainboard-listed company said in a late-night bourse filing on Thursday (May 19).
https://www.businesstimes.com.sg/companies-markets/centurion-to-acquire-freehold-student-accommodation-in-nottingham

FLCT to acquire prime suburban office building in Victoria for A$60.25m
Frasers Logistics & Commercial Trust (FLCT) plans to acquire a fully-leased freehold suburban commercial property in Victoria, Australia for A$60.25 million (about S$58.4 million). In a filing to the Singapore bourse on Thursday, FLCT said that the purchase price took into consideration an independent valuation of A$60.25 million conducted by consultancy CIVAS (VIC) as at April, 30, 2022.
https://www.businesstimes.com.sg/companies-markets/flct-to-acquire-prime-suburban-office-building-in-victoria-for-a6025m

KPMG commits S$25m to pay raises, S$30m to lifelong learning programme
KPMG has committed a total of S$25 million this financial year to implementing salary hikes for its employees in Singapore, including as much as a 20 per cent increase in starting pay for eligible entry-level professionals.
https://www.businesstimes.com.sg/banking-finance/kpmg-commits-s25m-to-pay-raises-s30m-to-lifelong-learning-programme
https://www.straitstimes.com/business/kpmg-commits-25m-to-pay-raises-and-invests-30m-in-learning-initiative

Views, Reviews, Forum and Others

Reinventing corporate real estate by looking beyond office walls
The days of department-wide luncheons in the office are back! Singapore’s stabilising Covid-19 situation and recent easing of community safety measures have kept the office market sentiment high and active since the start of the year.
https://www.businesstimes.com.sg/opinion/reinventing-corporate-real-estate-by-looking-beyond-office-walls

Update on COVID-19 (Coronavirus Disease 2019) situation

All Singapore Covid-19 cases in April were of the Omicron variant
All local and imported cases of Covid-19 last month which underwent genome-wide sequencing were infected with the Omicron variant. The Ministry of Health (MOH) said on Thursday (May 19) that of the local cases, 99 per cent were the sub-variant BA.2 strain and and its lineages, which include BA.2.12.1.
https://www.businesstimes.com.sg/government-economy/all-singapore-covid-19-cases-in-april-were-of-the-omicron-variant
https://www.straitstimes.com/singapore/health/all-covid-19-cases-in-april-were-of-the-omicron-variant

*For more information, please visit the Ministry of Health (MOH) website at www.moh.gov.sg and refer to go.gov.sg/mohupdates for updates on the COVID-19 (Coronavirus Disease 2019) situation