Page 2 - David Mckellar News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 A leasing rates held steady at S$10.40 ($7.73) per square foot per month in the first three months o...

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 million square feet (114,271 square metres) to the overall office supply, CBRE said in a release. The f...