Grade A office rents in Singapore’s CBD rose in the first quarter of 2023, according to data by real estate consultancy JLL. Despite this, the growth was slower than that seen in the previous quarter, as uncertainty surrounding the global economic outlook continues to hamper demand for office space.

Large space users are mostly hesitant when it comes to expansion or relocation plans, while the majority of leasing activity has been driven by small to medium-sized space occupiers with immediate requirements. Examples of such occupiers are German insurer Munich Re, who took two floors at 18 Cross Street for their new office, and Corney & Barrow, who relocated to Hub Synergy Point.

Despite the currently cautious attitude, tight supply of Grade A office space saw some occupiers seize the chance to upgrade to better office spaces at new developments. Prominent examples include Guoco Midtown, which received its Temporary Occupation Permit in January, and the soon-to-be completed IOI Central Boulevard Towers. 45% of its space is already pre-committed or under advanced negotiations.

In addition, Labrador Tower in Pasir Panjang Road, due for completion in 2024, is estimated to be 25% pre-committed one year ahead of its estimated completion. Prudential, with a two-year extension to their tenancy in November 2024, reportedly took 150,000 square feet of space at this Green Mark Platinum Super Low Energy building.

Head of Office Leasing and Advisory Andrew Tangye explains that while leasing activity in 1Q2023 is underwhelming, the current rent growth has presented some opportunities for occupiers. He notes that it is a good window to lock in spaces in good quality new office buildings.

Given the macroeconomic environment, Head of Research and Consultancy Tay Huey Ying anticipates that backfilling of spaces vacated by relocating occupiers could take a bit longer, and that rent growth is likely to remain modest. However, she is optimistic that rental growth will accelerate post 2024, as the economy improves and new completions dip.…

Bukit Timah is a beautiful and vibrant district located in the central region of Singapore. It is named after the highest hill in the country, which is also located within the district. Bukit Timah is a popular residential area for both locals and expats due to its convenient location, greenery, and excellent schools. Here are some of the highlights of Bukit Timah in 1000 words:

Geography and History:

Bukit Timah is located in the central region of Singapore, bordered by Bukit Batok to the west, Clementi to the south, and Novena to the east. It covers an area of approximately 17.53 square kilometers and is home to a population of around 80,000 people.

The district is named after Bukit Timah Hill, which stands at 163.63 meters and is the highest natural point in Singapore. The hill is located within the Bukit Timah Nature Reserve, which covers an area of 163 hectares and is one of the largest primary forests in Singapore.

Bukit Timah has a rich history, dating back to the early 19th century when it was a thriving trading hub for rubber and gambier. It was also an important area for agriculture, with numerous plantations producing crops such as pepper, nutmeg, and coffee. Today, many of these plantations have been converted into residential estates and commercial developments, but some pockets of greenery remain, reminding visitors of the district’s rich history.

Transportation:

Bukit Timah is well-connected to the rest of Singapore via a variety of transportation options. The district is served by several major roads, including Bukit Timah Road, which connects it to the city center and other parts of the island. Bukit Timah also has two MRT stations – Beauty World and King Albert Park – which are both located on the Downtown Line.

For those who prefer to cycle, Bukit Timah is also home to several park connectors that link the district to other parts of Singapore. These include the Bukit Timah Rail Corridor, which runs along the former railway line and offers a scenic route for cyclists and pedestrians.

Education:

Bukit Timah is known for its excellent schools, both local and international. The district is home to several prestigious institutions, including Nanyang Primary School, Methodist Girls’ School, and the Singapore Chinese Girls’ School. These schools have a long history of producing high-achieving students and are among the most sought-after schools in Singapore.

Bukit Timah is also home to several international schools, including the German European School Singapore, the Singapore Korean International School, and the Swiss School in Singapore. These schools offer a world-class education to students from all over the world and are popular with expat families.

Shopping and Dining:

Bukit Timah has a variety of shopping and dining options to suit every taste and budget. For those who enjoy shopping, there are several malls in the district, including Bukit Timah Plaza, Beauty World Centre, and Coronation Shopping Plaza. These malls offer a range of retail options, from high-end boutiques to budget-friendly stores.

Bukit Timah is also known for its vibrant food scene, with numerous restaurants and cafes serving up a variety of cuisines. Some popular food spots in the district include the Bukit Timah Market and Food Centre, which offers a wide range of hawker food, and the Rail Mall, which has several restaurants and cafes housed in old railway carriages.

Recreation:

Bukit Timah is a great place for nature lovers and outdoor enthusiasts. The district is home to several parks and nature reserves, including the Bukit Timah Nature Reserve and the Dairy Farm Nature Park. These parks offer a range of outdoor activities,
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including hiking, cycling, and picnicking, and are a great way to escape the hustle and bustle of the city.

The Bukit Timah Nature Reserve is a particularly popular destination, with its lush greenery and diverse wildlife. Visitors can take a leisurely stroll through the forest, hike up Bukit Timah Hill for panoramic views of the city, or go birdwatching to spot some of the reserve’s many species of birds.

For those who prefer to stay indoors, Bukit Timah also has several indoor recreation options. These include the Bukit Timah Community Club, which offers a range of fitness classes and sports facilities, and the The Cage, an indoor soccer and cricket facility.

Real Estate:

Bukit Timah is a popular residential area, with a wide range of housing options to suit every budget and lifestyle. The district is known for its landed properties, which include bungalows, semi-detached houses, and terrace houses. These properties are highly sought-after and often command high prices due to their prime location and spacious living areas.

In addition to landed properties, Bukit Timah also has several condominiums and apartment complexes. These range from luxurious high-rise developments to more affordable mid-rise buildings, and offer a variety of amenities such as swimming pools, gyms, and playgrounds.

Conclusion:

Bukit Timah is a vibrant and diverse district that offers something for everyone. From its rich history and natural beauty to its excellent schools and wide range of recreational options, Bukit Timah has something to offer both residents and visitors alike. Whether you’re looking to explore the great outdoors, indulge in some retail therapy, or simply relax and unwind, Bukit Timah is the perfect destination.…

The Downtown Line is a rapid transit line in Singapore that spans across 42.2 kilometers and has 34 stations. It is one of the six MRT lines in Singapore, operated by the Land Transport Authority (LTA) and is colored blue on the rail map. The Downtown Line serves the central and eastern parts of Singapore, connecting residents and commuters to various commercial, residential, and industrial areas.

The Downtown Line started operation on 22 December 2013, with the opening of the first phase of the line. This phase consisted of six stations, including Bugis, Promenade, and Chinatown. The second phase, which opened on 27 December 2015, added 12 more stations, extending the line to the north and northeast of Singapore. The third and final phase, which opened on 21 October 2017, added another 16 stations to the line, including the highly anticipated Downtown Line 3 Extension, which connects the eastern part of Singapore to the rest of the line.

The Downtown Line is designed to be an easy-to-use and accessible line, with barrier-free access for passengers with disabilities. The stations are equipped with lifts, escalators, and tactile flooring to facilitate navigation. The trains are also designed with wider doors and a low floor height for easy boarding and alighting.

The Downtown Line provides commuters with an alternative route to the existing North-South, East-West, and Circle Lines, which can sometimes get overcrowded during peak hours. The line also provides a direct connection to the Central Business District (CBD), linking up with the North-South Line at Newton Station and the East-West Line at Bugis Station. This makes it easier for commuters to travel to and from work or school.

The Downtown Line also serves various important landmarks and attractions in Singapore. For example, it stops at Chinatown Station, which is located in the heart of the historic Chinatown district. The station is also connected to the Chinatown Heritage Centre, which provides visitors with a glimpse into the lives of Singapore’s early Chinese immigrants. Other stations that provide access to popular attractions include Promenade Station, which is connected to the Singapore Sports Hub, and Bayfront Station, which is located near Marina Bay Sands and Gardens by the Bay.

Apart from providing transportation services, the Downtown Line also serves as a catalyst for economic growth and development. The line has helped to spur the growth of new towns such as Punggol, which was once a sleepy fishing village but has now become a bustling residential town with many amenities and facilities.

The Downtown Line also serves as a platform for public art, with various artworks displayed at the stations. For example, the Rochor Station features a mural by Singaporean artist Yip Yew Chong, depicting scenes from the Rochor area in the 1950s and 1960s. Other stations that feature public art include Tampines West Station, which features a mural by artist Tan Sock Fong, and King Albert Park Station, which features a sculpture by artist Sun Yu-li.

In conclusion, the Downtown Line is an important part of Singapore’s public transportation system, providing commuters with an alternative route to various parts of the city. The line also serves as a platform for economic growth and development, and as a showcase for public art. With its modern design, ease of use, and accessibility, the Downtown Line is a key component of Singapore’s commitment to sustainable and efficient transportation. The Downtown Line has also played a significant role in improving the connectivity and accessibility of various neighborhoods in Singapore. For example, it has made it easier for residents in areas such as Bukit Panjang, Bedok, and Tampines to travel to other parts of the island. This has helped to improve the quality of life for many Singaporeans, as they can now spend less time commuting and more time with their families and friends.

One of the unique features of the Downtown Line is the Downtown Line 3 Extension, which runs through the eastern part of Singapore. This extension has made it possible for residents in areas such as Tampines, Bedok, and Upper Changi to enjoy greater connectivity and accessibility. It has also helped to catalyze the growth and development of these neighborhoods, with new residential and commercial projects being developed in the vicinity of the stations.

Another important feature of the Downtown Line is its integration with other modes of transport. For example, many of the stations are integrated with bus interchanges, making it easier for commuters to switch between MRT and bus services. Some stations are also connected to bicycle parking facilities, encouraging the use of active mobility options such as cycling.

The Downtown Line has also been recognized for its environmental sustainability efforts. The line uses energy-efficient systems and technologies, such as regenerative braking, to reduce energy consumption and minimize carbon emissions. The stations are also designed with green features, such as rainwater harvesting systems and energy-efficient lighting.

Looking to the future, the Downtown Line is expected to continue playing a crucial role in Singapore’s transportation landscape. As Singapore continues to grow and develop, there will be a need for more efficient and sustainable transport solutions. The Downtown Line, with its modern design, connectivity, and accessibility, is well-positioned to meet these needs.

In conclusion, the Downtown Line is a vital component of Singapore’s public transportation system, providing commuters with an efficient and sustainable mode of transport. The line’s modern design, accessibility, and connectivity have helped to improve the quality of life for many Singaporeans. With its role in promoting economic growth and development, showcasing public art, and promoting environmental sustainability, the Downtown Line is a true reflection of Singapore’s commitment to progress and innovation.…

Bukit Panjang Integrated Transport Hub (ITH) is a state-of-the-art transportation center located in Bukit Panjang, Singapore. The hub provides seamless connectivity between bus and rail services, making it easier for commuters to travel to different parts of the island.

The Bukit Panjang ITH was opened in 2017 and is the first integrated transport hub in Singapore’s heartlands. It is conveniently located next to the Bukit Panjang MRT station, making it easily accessible to commuters from all parts of the island.

The hub is a joint development between the Land Transport Authority (LTA) and the People’s Association (PA). It was designed with the aim of providing a convenient and comfortable transportation experience to commuters while also promoting community activities.

The Bukit Panjang ITH has several features that make it stand out from other transport hubs in Singapore. One of the most notable features is the integration of bus and rail services. The hub is connected to the Bukit Panjang MRT station, which is part of the Downtown Line. This makes it easy for commuters to switch between bus and rail services, reducing travel time and making their journey more convenient.

The hub has a spacious and modern bus interchange with 20 boarding points and 18 alighting points. There are also several amenities at the bus interchange, including a customer service counter, toilets, and retail shops. Commuters can easily navigate the bus interchange with the help of digital displays and directional signage.

The Bukit Panjang ITH also has a dedicated bicycle park, making it easier for commuters to cycle to the hub and park their bicycles safely. The bicycle park has space for up to 250 bicycles and is equipped with CCTV cameras and a bicycle repair station.

In addition to transportation services, the Bukit Panjang ITH also has several community spaces. The hub has a community plaza, which is used for events and activities such as dance performances, flea markets, and community gatherings. There is also a community garden, where residents can grow their own vegetables and participate in gardening activities.

The hub is also home to a community club, which offers a range of activities and courses for residents of all ages. The community club has a dance studio, multi-purpose rooms, and a rooftop garden. It also offers courses such as cooking, fitness, and language classes.

Another unique feature of the Bukit Panjang ITH is its green initiatives. The hub has a rainwater harvesting system, which collects rainwater and stores it in tanks for non-potable uses such as cleaning and irrigation. The hub also has a solar panel system, which generates renewable energy to power its facilities.

Overall, the Bukit Panjang Integrated Transport Hub is a modern and convenient transportation center that also promotes community activities and green initiatives. Its integration of bus and rail services, as well as its community spaces and green initiatives, make it a model for other transportation hubs in Singapore and around the world.

In terms of accessibility, the Bukit Panjang ITH is designed to cater to the needs of all commuters, including those with disabilities. The hub has barrier-free access throughout the entire facility, including ramps, lifts, and tactile flooring. There are also dedicated parking spaces for persons with disabilities and wheelchair-accessible toilets.

The Bukit Panjang ITH is also equipped with the latest technology to enhance the commuting experience. Commuters can use the TransitLink Mobile Services app to plan their journeys, check bus and train timings, and purchase tickets. The app also provides real-time information on bus and train services, allowing commuters to plan their trips more efficiently.

In addition, the Bukit Panjang ITH has several digital displays and wayfinding systems to help commuters navigate the hub. These displays provide real-time information on bus and train services, as well as directions to different facilities within the hub.

One of the key benefits of the Bukit Panjang ITH is the convenience it provides to commuters. The hub is located in the heart of Bukit Panjang town, which is a bustling residential area with several amenities such as shopping malls, supermarkets, and hawker centers. This makes it easy for commuters to access the hub and connect to different parts of the island.

Overall, the Bukit Panjang Integrated Transport Hub is a testament to Singapore’s commitment to providing a seamless and convenient transportation experience to its residents. Its integration of bus and rail services, community spaces, green initiatives, and accessibility features make it a model for other transportation hubs around the world.…

The West Side of Singapore is a great place to stay compared to other areas in the country. Located in the western part of the country, this area is known for its close proximity to the city centre and its excellent transport links. The area is home to a variety of different neighbourhoods, each with its own unique attractions and amenities.

The West Side of Singapore is a great place to stay for those who want to be close to the centre of the city. The area is well-connected to the city centre via public transport, with several MRT lines connecting the area to key areas of the city. There are also several bus services that run in the area, making it a great choice for those who want to travel around the city easily.

The West Side of Singapore is also home to a variety of different neighbourhoods, each offering its own unique attractions and amenities. There are a number of shopping malls in the area, with a variety of different stores, cafes and restaurants. The area is also home to several popular eateries and bars, making it a great place to socialise and enjoy a night out.

The area is also home to a variety of different parks and green spaces, making it a great place to spend time outdoors. The area is also home to a variety of different museums and galleries, making it a great place to explore the city’s rich cultural heritage.

The West Side of Singapore is also a great choice for those who want to be close to the airport. The Changi International Airport is located just a short distance away, making it easy to travel to and from the airport. The area is also home to a variety of different hotels, making it a great choice for those who want to stay close to the airport for business or leisure.

In conclusion, the West Side of Singapore is a great place to stay compared to other areas in the country. The area is well-connected to the city centre, offers a variety of different amenities and attractions, and is close to the airport. This makes it a great choice for those who want to be close to the city centre, enjoy the area’s attractions and amenities, and have easy access to the airport.

Singapore’s West Side is a great place to stay compared to other areas in the city. It is conveniently located in the Central Region, near the main business and entertainment districts. The area is well-connected by public transport and is close to many attractions and amenities.

The West Side is known for its vibrant nightlife, with a range of pubs, bars and restaurants. There are plenty of places to eat, drink and be merry, as well as places to shop, go to the movies and more. The area is also home to some of Singapore’s best hotels and resorts, making it a great place to stay for those looking for some rest and relaxation.

The West Side is also home to some of Singapore’s most iconic landmarks, such as the Merlion and the Esplanade. It is also close to the Singapore Flyer, the world’s tallest observation wheel, and the Singapore Botanic Gardens, a UNESCO World Heritage Site. There are plenty of parks and open spaces to enjoy, making it a great place to spend time outdoors.

The West Side is also known for its great schools, with several international schools, including the Singapore American School and the Singapore Japanese School. This makes the area a great place for families to live, as there are plenty of educational opportunities available.

Safety is another major plus for the West Side, with the area having a low crime rate compared to other parts of the city. The area is also well-connected by public transport and is close to the MRT, making it easy to get around.

Overall, the West Side is a great place to stay in Singapore. It is conveniently located, close to the main business and entertainment districts, with plenty of attractions, amenities and educational opportunities. The area also has a low crime rate and is well-connected by public transport. It is the perfect place for anyone looking to experience the best of what Singapore has to offer.…

A shophouse at 52 Boat Quay has been sold for $37 million, resulting in profits of $16 million for the seller. Renovated in 2015, the property has a total built-up area of 6,446 sq ft. Occupying the top two floors is the Italian restaurant Braci, while the ground floor is an Izakaya bar and the second and fourth floors contain corporate office tenants. Yap Hui Yee, executive director of investment sales and capital markets at Savills Singapore, noted that there was considerable interest from investors and the transaction revealed a strong demand for high-quality commercial shophouses in prime locations. The rarity of a riverfront-facing property being available for sale made it and attractive opportunity for the buyer.

The highly sought-after shophouse at 52 Boat Quay in Singapore has been sold for $37 million, with the seller making a gain of $16 million. The property boasts a 1,119 sq ft site and 6,446 sq ft estimated total built-up area and underwent extensive renovation in 2015 to become a modern and well-equipped commercial space. This was an attractive opportunity for the buyer, as shophouses in the Boat Quay precinct are usually very tightly held and it is rare for a riverfront-facing property to be available for sale.

Savills Singapore, who brokered the deal, noted that there was considerable interest from investors for the property. Yap Hui Yee, executive director of investment sales and capital markets at Savills Singapore, highlighted the testament to the demand for high-quality shophouses in prime locations that this transaction revealed.

The Italian restaurant Braci is located on the top two floors of the shophouse, while the ground floor is occupied by an Izakaya bar and the second and fourth floors contain corporate office tenants. It had been purchased in June 2018 for $21.35 million by the seller.

The sale is just one of the many commercial property transactions that have occurred near the vicinity of 52 Boat Quay. EdgeProp LandLens provide a map and overview of the area. Additionally, the EdgeProp Research tool provides information of recent transactions of commercial properties around the vicinity.

This is a prime example of the lucrative opportunities in the commercial property market.…