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2 days ago | 
businesstimes.com.sg | Jessie Lim
[SINGAPORE] Land scarcity, high land prices and sustainability requirements in Singapore are keeping data centre investors and asset managers at bay, a poll by the National University of Singapore (NUS) suggests. Only one-third of respondents surveyed rated Singapore's data centre market positively in terms of competitiveness and investment appeal, relative to other data centres in the region.
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2 days ago | 
businesstimes.com.sg | Jessie Lim
[SINGAPORE] Land scarcity, high land prices, and sustainability requirements in Singapore are keeping data centre investors and asset managers at bay, a poll by the National University of Singapore (NUS) suggests. Only one-third of respondents surveyed by NUS rated Singapore's data centre market positively in terms of competitiveness and investment appeal compared to other data centres in the region.
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2 days ago | 
businesstimes.com.sg | Jessie Lim
[SINGAPORE] Real estate leaders in Singapore were significantly more pessimistic in the first quarter of 2025, as sentiment soured after the rollout of tariffs in the United States brought about heightened economic uncertainty. According to a quarterly survey by the National University of Singapore, the Composite Sentiment Index - a barometer of general prevailing sentiment - fell to 4.3 in Q1, from 6 in the previous quarter.
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3 days ago | 
businesstimes.com.sg | Jessie Lim
[SINGAPORE] Minister for Health Ong Ye Kung has expressed his dismay at the S$52,188 bid a GP clinic in Tampines received in a tender which closed in January this year. In a Facebook post, the minister said the monthly rental for the clinic, which would amount to over S$1,000 psm, would translate into higher cost of healthcare and negate the Ministry of Health (MOH)'s efforts to keep the cost of primary healthcare affordable.
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4 days ago | 
businesstimes.com.sg | Jessie Lim
[SINGAPORE] A Coliwoo unit was awarded the lease of a state-owned property in Pasir Ris which the co-living brand will transform into a 350-key resort chalet. Coliwoo Keppel was amongst five bidders for the 159 Jalan Loyang Besar site in a tender launched by the Singapore Land Authority (SLA). The bids in the Price Quality Method tender ranged from S$98,000 to S$225,900, with Coliwoo placing the second highest bid of S$225,000.
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1 week ago | 
businesstimes.com.sg | Jessie Lim
[SINGAPORE] The Urban Redevelopment Authority (URA) will be unveiling the Draft Master Plan 2025 on June 25, Minister for National Development Chee Hong Tat on Thursday (May 29). The long-awaited draft masterplan, which will map out Singapore's detailed land plans for the next 10 to 15 years, is being introduced at an exhibition after city planners gathered public feedback following the launch of the engagement exercise in October 2023.
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1 week ago | 
businesstimes.com.sg | Jessie Lim
[SINGAPORE] Piccadilly Grand's retail podium is up for sale for S$67.5 million, at a lower price after an earlier expression of interest exercise closed in November 2024. The ground-floor retail podium, known as Piccadilly Galleria, is part of a 99-year leasehold integrated development developed by City Developments Ltd (CDL) and MCL Land. The project is expected to be completed in the fourth quarter of 2025.
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1 week ago | 
businesstimes.com.sg | Jessie Lim
[SINGAPORE]Former Park Hotel Management (PHMPL) director Allen Law Ching Hung, who is being sued by liquidators of the company, has failed to reduce his potential liabilities by S$6.8 million after the High Court rejected his application to amend his defence and introduce a counterclaim . In a landmark judgement last year, Justice Goh Yihan dismissed Law's application on the basis that the counterclaims Law sought to introduce did not fall within the scope of insolvency set-offs.
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2 weeks ago | 
businesstimes.com.sg | Jessie Lim
[SINGAPORE] A High Court judge has questioned whether Thomson View Condominium received the 80 per cent mandate it requires for its collective sale to go through within a one-year period stipulated under the law. On Thursday, Justice Audrey Lim said that based on the evidence exhibited before the court, some of the 206 signatures obtained appeared to fall outside the 12-month period in which the collective sale committee has to obtain 80 per cent of unitholders' signatures.
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2 weeks ago | 
businesstimes.com.sg | Jessie Lim
[SINGAPORE] The tariffs imposed by the United States are expected to drive demand for logistics and industrial facilities in Vietnam and Indonesia, as manufacturers diversify their supply chain away from China, real estate consultancy Knight Frank said in a report. In Vietnam, relocation activity is already gaining momentum ahead of potential policy shifts; a 15 to 20 per cent increase in demand for manufacturing space is expected.
