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Despite macroeconomic uncertainty dampening demand for office space in Singapore’s Central Business District, Grade A office rents showed a modest growth of 1.0% in the first quarter of 2023. According to JLL Singapore’s research, the gross effective rent for CBD Grade A office spaces rose on a quarterly basis to an average of $11.30 psf pm.

This is the second consecutive quarter of slowing growth following five quarters of consecutive growth, which Andrew Tangye, JLL Singapore’s head of office leasing and advisory, attributes to companies pausing their expansion and relocation plans.

Tay Huey Ying, JLL Singapore’s head of research and consultancy, notes that despite the current caution in sentiment, the scarcity of Grade A office space has prompted some companies to upgrade offices to better quality spaces in recent or soon-to-be-completed projects. This includes Munich Re and Corney & Barrow, who respectively took up two floors in 18 Cross Street …

Tan Chong Industrial Motor (TCIM) is a well-known automotive company based in Bukit Panjang, Singapore. Founded in 1972, TCIM has since grown into one of the largest automotive groups in Southeast Asia, with operations spanning across multiple countries such as Singapore, Malaysia, Thailand, and Indonesia.

The company’s main business is the distribution and retail of Nissan vehicles, as well as providing after-sales services and spare Marina Gardens Condo parts. TCIM has a strong reputation for its customer service, with a team of trained professionals who are dedicated to providing the highest level of service to customers.

One of TCIM’s most significant accomplishments is its role as the exclusive distributor of Nissan vehicles in Singapore. The partnership between TCIM and Nissan has been going strong for over four decades, with both companies sharing a commitment to quality and innovation.

In addition to Nissan, TCIM also distributes other automotive brands such as …

Bukit Panjang, a suburb located in the northwestern region of Singapore, is a hidden gem that offers a tranquil and peaceful lifestyle with plenty of amenities and facilities that cater to the needs of its residents. With a growing population of over 140,000 people, Bukit Panjang has become a popular choice for those looking for a quieter and more affordable alternative to living in the bustling city.

In this article, we will explore the reasons why Bukit Panjang is a very good place to stay and what makes it an ideal location for families, young professionals, and retirees looking for a peaceful and fulfilling lifestyle.

Convenient Location

Bukit Panjang is strategically located in the northwestern region of Singapore, making it easily accessible by public transportation, such as the MRT, LRT, and buses. Residents can enjoy the convenience of living in a suburban area while having easy access to the city’s …

When we hear the name “CDL Real Estate Developer,” the first thing that comes to mind is its reputation as a globally recognized developer with a portfolio of remarkable projects that redefine urban living. But behind this corporate identity lies a story of perseverance, innovation, and an unwavering commitment to excellence.

CDL Real Estate Developer: A Brief History

CDL Real Estate Developer (CDL) was founded in 1963 by Kwek Hong Png, a visionary entrepreneur who started his business as a small construction company. Over the years, CDL grew steadily, and in 1972, it was listed on the Singapore Exchange (SGX). Today, CDL is one of the largest and most successful real estate developers in Singapore, with a global presence in over 100 locations across 30 countries.

CDL’s early success can be attributed to its innovative approach to construction, which included the use of prefabricated building components, a rarity at the …

Singapore’s transportation system is known for its efficiency, safety, and convenience. With the Luminar Grand recent launch of the Bukit Panjang Integrated Transport Hub (ITH), Singaporeans have another reason to celebrate. The Bukit Panjang ITH is the first of its kind in Singapore, providing a seamless transfer between various modes of transportation. In this article, we’ll take a closer look at the Bukit Panjang ITH, its facilities, and how it benefits commuters.

What is the Bukit Panjang Integrated Transport Hub?

The Bukit Panjang Integrated Transport Hub (ITH) is a comprehensive transportation facility located in the heart of Bukit Panjang. It serves as a central point for commuters to transfer between various modes of transportation, including the MRT, LRT, and bus services. The ITH is designed to improve commuters’ travel experience by providing a seamless transfer between different modes of transportation.

The ITH is part of the government’s efforts to enhance …

High demand for premium commercial shophouses in the prime Boat Quay location has resulted in the sale of a six-storey shophouse for $37 million. Savills Singapore brokered the deal, in which the seller made a sizeable gain of $16 million. The prime property, located at 52 Boat Quay and occupying a 1,119 sq ft site, comes with an estimated total built-up area of about 6,446 sq ft.

Renovations in 2015 have resulted in a modern and well-equipped commercial space, complete with corporate office tenants situated on the second and fourth floors. On the ground floor stands an Izakaya bar, whilst on the top two floors is the Italian restaurant Braci.

Yap Hui Yee, Executive Director of Investment Sales and Capital Markets at Savills Singapore, was responsible for the deal. She commented that the property attracted “significant interest” and cited the rarity of riverfront-facing properties being available for sale in the …

Jurong is a rapidly developing area of Singapore that is quickly becoming one of the most sought-after places to live. Located in the western region of Singapore, it is home to the Jurong East Regional Centre, one of the busiest commercial hubs in the city. This area is also home to a wide variety of commercial, retail and residential developments, making it an attractive option for both tourists and locals alike.

For starters, Jurong is known for its excellent transportation options. It is well-connected to the rest of Singapore through the MRT (Mass Rapid Transit) system, making it easy for people to access other parts of the city. In addition, there are several expressways that make it easy for commuters to get to different parts of the island quickly. Furthermore, Jurong is also home to a number of bus stops, giving commuters more options for getting around.

In addition to …