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Dyson Lease Leads Singapore Offices Leasing Rebound in Q1

Mingtiandi Username Dyson is taking over Singapore’s colonial-era St James Power Station Office leasing in Singapore swung into positive territory during the initial quarter of 2021 for the first time since the year-earlier period, nudged by the addition of tech firm Dyson’s lease commitment at a converted colonial-era power plant, according to CBRE. Supported by tight vacancy in the core CBD market, the city-state also snapped a string of four straight quarters of rental declines as Grade ...
United Kingdom Bras Basah Singapore General David Mckellar City Developments Ltd Singapore Perennial Real Estate Holdings

Singapore Office Rents Set to Rise in 2021 Says CBRE

Mingtiandi Username CapitaSpring will add 650,000 square feet of office space to the Singapore market upon completion in 2021 Despite a downturn in leasing this year due to the COVID-19 pandemic, property consultancy CBRE says office rents in Singapore are likely to rise in the second half of 2021, driven by a limited supply of new Grade A space and strong demand from Chinese tech firms and non-bank financial service providers. Five new projects are set for completion next year, adding 1.23 mil...
David Mckellar Desmond Sim Singapore Perennial Real Estate Holdings Monetary Authority Of Singapore Japan Mitsubishi Estate Co Capitaland Commercial

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