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October 2023
Global Investment To Recover By Q3 2024
31 October 2023
Singapore Sectors Skew To Mixed Outlook With Silver Lining In 2024
31 October 2023
International real estate firm Savills is appointed as the sole agent for the tender sale of the retail podium and car park of Alto Residences at 29 Tong Yin Street, Tseung Kwan O ("The Property"). The total gross area of the retail podium is approximately 102,582 square feet, providing 135 car parking spaces, 19 motorcycle parking spaces and 9 loading and unloading bays. This is the first public sale of the property since its completion in 2018. The property is sold as “as is” basis with existing tenancies and tender closing date is scheduled at noon on January 15, 2024 (Monday).
What Makes Ba Ria – Vung Tau's Industrial Property So Appealing?
30 October 2023
FUCHS inaugurated its new high-tech lubricants plant on 14 September 2023 in Ba Ria - Vung Tau.
.jpg "Savills Appointed as Sole Agent for the Sale of a Duplex Commercial Podium in Tsim Sha Tsui with an Indicative Price of HK$ 90M")
30 October 2023
International real estate firm Savills is appointed as the sole agent for the sale of the Shops A, B, C, D, E & F on G/F & M/F, Winston Mansion, No.121-123 Chatham Road South, Tsim Sha Tsui ("The Property"). The gross floor areas of the G/F and M/F are approximately 2,250 and 3,440 square feet, respectively, totalling approximately 5,690 square feet. The Property is being offered at an indicative price of around HKD 90 million, with vacant possession.
.jpg "Savills Appointed as Sole Agent for the Tender Sale of Block E & F, 5 Old Peak Road, Pine Court with 12 Car Parking Spaces with an Indicative Price of HK$600M")
27 October 2023
International real estate firm Savills is appointed as the sole agent for the tender sale of the whole block of Block E & F, 5 Old Peak Road, Pine Court with 12 car parking spaces ("The Property"). This property comprises a six-storey residential building, offering a total of 12 units and 12 car parking spaces. The units have a saleable area of approximately 2,350 square feet each, resulting in a total saleable area of approximately 28,200 square feet. The property is being sold on “as is” basis partly with tenancies and the tender will be closed at noon, 28 November 2023 (Tuesday).
2023 private non-landed residential rental could rise by 10% Year-On-Year
25 October 2023
District 1 (Boat Quay/Marina/Raffles Place) median rental highest for Q3 at $9,500 per month for a 3 bedroom unit
19 October 2023
CBD Grade A Office Rental to Maintain 2% YoY Change For 2023 Due to Reduction in Net Supply In 2022
Q3 Real Estate Investment Value Up 100% Quarter-on-Quarter (QoQ)
18 October 2023
2023 Total Investment Sales Value Adjusted To Drop By About 20% From Forecasted $24 – $25 Billion To $19 – 21 Billion
Average Global Net Effective Costs For Prime Office Occupiers Increased By 2.6% Since End Of 2022
18 October 2023
Singapore’s Vacancy Rates Up From 5.6% (End 2022) To 7.4% (Q3 2023)
.jpg "Robust Leasing Demand Amid Challenging Market")
Robust Leasing Demand Amid Challenging Market
18 October 2023
Hong Kong residential leasing market witnesses strong summer season, fuelled by high demand, but constrained by a shortage of high-quality housing options. according to Savills in its Market in Minutes – Hong Kong Residential Leasing report for Q3 2023.
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