Surge in demand for Internet services boosts demand for data centres worldwide
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.
Hoi Hup and Sunway jointly purchase Flynn Park en bloc for RM1.14b
The existing 72-unit condominium block at Flynn Park was built in 1986, and sits on an elevated, freehold plot of 208,443 sq ft. The site can be redeveloped into a new condominium of about 271 residential units
The House of Lim at Club Street in Singapore
Andy Lim, CEO of JL Family Office has turned a shophouse into a showcase of Singapore heritage and local artists
Singapore: Tanjong Pagar set to outperform other CBD locations, says JLL
The newer office developments in the area are “thoughtfully designed, efficient, well-finished, richly landscaped with urban parks and seamlessly connected to transport infrastructure and surrounding developments,” highlights the report.
Singapore: WeWork launches initiative to support start-ups
To be eligible for the programme, start-ups must be based in Singapore, looking to scale internationally, and founded within the last five years
New hotel to open opposite Shangri-La Singapore in 2023
The Standard, Singapore, will comprise 143 rooms and feature the brand’s signature restaurant, nightlife vibrancy, an infinity pool and pool bar within a botanical courtyard
GuocoLand to set new benchmark with new project at Lentor Central to launch in 2H2022
The 186,000 sq ft site has a gross floor area (GFA) of 651,007 sq ft. The ground floor will have 96,000 sq ft of commercial, F&B and retail space, including a supermarket and childcare facilities. The development will be integrated with the upcoming Lentor MRT station on the Thomson-East Coast Line
Investment sales rebound across Singapore’s real estate sectors in 2Q2021
The last quarter also saw shophouse transactions rebound by 132% q-o-q to $310 million, after the sector declined 53.6% q-o-q in 1Q2021. Meanwhile, commercial sales rose 24% q-o-q on the back of several major deals.
Asia Pacific workers likely to return to the office, sentiments show
Although majority of the respondents leaning towards having their staff working from office, workplace safety remained as main concern. Hence, corporations are thinking of adopting hybrid model, to incorporate flexibility in real estate.
A 5-bedroom penthouse on Orchard Boulevard sold for S$34.44m
“All the buyers of the five units are ultra-high networth foreigners... For these buyers, price was no object. They zoomed in on the best units, which were the largest units on the topmost floors. It’s clear that they want a product that stands out from the crowd, a product that can’t be found elsewhere,” Dominic Lee, head of luxury at PropNex.
