News by EdgeProp Singapore

The regular-shaped site is being used as a carpark.

In a landmark event, the real estate industry’s most distinguished professionals from Singapore and Malaysia gathered for the inaugural Realtors Round Table.

The average cost of fitting out an office in Singapore rose 4.4% from S$180 (RM627) psf in 2022 to S$188 psf last year, according to a report by international property consultancy Cushman & Wakefield (C&W).

Bursa Malaysia-listed property developer Tropicana Corporation believes it is time to scale up its expansion in Johor, Malaysia. It intends to unlock 800 acres of “premium landbank” with a gross development value (GDV) of RM43 billion ($12.3 billion).

The gala night was the first large-scale event EdgeProp Singapore has organised since the pandemic started.

C&W expects the Asia Pacific economy to regain its position as the highest-growth economy with an expected 4.5% real average annual GDP and total regional investment volume next year is expected to be on par with the 2019 peak at around US$180 billion ($245.6 billion). 

This marks the seventh consecutive quarter of decline in Singapore retail rents, widening from the 0.5% fall in 2Q2021. Retail rents have fallen 21% from pre-Covid-19 levels in 4Q2019

Consultants attributed the fall in sales to the onslaught of tighter Covid-19 restrictions, causing developers to hold their property launches.

Within Sun Group’s Tay Ho View Complex in Hanoi, Ascott will manage 1,905 units across three distinct serviced residence brands.

Data centres accounted for 7% of Singapore’s energy consumption in 2020, and this is set to grow to 12% in the next few years.