DAILY NEWS

Daily News – 22nd, 23rd and 24th June 2019

Singapore Real Estate

Singapore CBD Grade A office rents to climb 8% in 2019: Colliers
Rents for Grade A office buildings in Singapore’s Central Business District (CBD) are expected to rise by 8 per cent this year, and 5 per cent in 2020, amid tight supply and high pre-commitments, according to a report by Colliers International. The real estate services and investment management firm also expects new supply in 2019-2021 to average 614,000 sq ft (57,000 sq m) per annum, or 2 per cent of stock…
https://www.businesstimes.com.sg/real-estate/singapore-cbd-grade-a-office-rents-to-climb-8-in-2019-colliers-0
https://www.straitstimes.com/business/property/grade-a-office-rents-in-cbd-to-climb-in-next-few-years-report

40% of Sky Everton units sold
A consortium led by Sustained Land has sold nearly 40 per cent or 102 of the total 262 units at the Sky Everton project during its weekend launch. The average price is S$2,550 per square foot for the freehold condominium on the former Asia Gardens site at Everton Road. The project is being marketed by ERA, Huttons and PropNex.
https://www.businesstimes.com.sg/real-estate/40-of-sky-everton-units-sold
https://www.straitstimes.com/business/property/sl-capital-launching-sky-everton-condo-at-former-asia-gardens-site-on-saturday

Firms ride tech wave to personalise employee experience
Imagine a workplace where you fit right in as things can be programmed just the way you like them. For instance, you can book a room in the office that will have the temperature preset to your liking when you enter it. Feeling stuffed after lunch? Consider standing at your work desk, where the height can be adjusted with just one touch.
https://www.straitstimes.com/business/property/firms-ride-tech-wave-to-personalise-employee-experience

Companies’ Brief

Oxley, Aspen tie up to develop mixed-use integrated project in Penang
Singapore – Catalist-listed Malaysian developer Aspen (Group) Holdings announced over the weekend that it is teaming up with mainboard-listed Oxley Holdings to develop a mixed-use integrated project in Penang. The project is proposed to be developed in phases, comprising residential towers with communal facilities, serviced apartments, lifestyle retail facilities and a private clubhouse.
https://www.straitstimes.com/business/companies-markets/oxley-aspen-tie-up-to-develop-mixed-use-integrated-project-in-penang

Views, Reviews, Forum & Others

Substance over style
Chia Ngiang Hong, President, Real Estate Developers’ Association of Singapore (REDAS)
Businesses need to rethink the physical setting of workplace and adopt a more a more varied working ecosystem and process to facilitate a more collaborative and flexible way of working which appeals to different demographics and diverse types of employees.
https://www.businesstimes.com.sg/views-from-the-top/substance-over-style

New town council code puts spotlight on volunteers
Dr Lee Nai Jia is a man in demand. The 43-year-old projects committee chairman of Pasir Ris-Punggol Town Council is head of research at Knight Frank by day. Volunteers with specific skills like Dr Lee, whose background is in urban planning and real estate consultancy, will be much needed when the new town council code of governance kicks in. The code was announced by the Ministry of National Development (MND) on Wednesday.
https://www.straitstimes.com/singapore/housing/new-town-council-code-puts-spotlight-on-volunteers