Savills Singapore Property Digest 17 February 2011

[Keegan Aw @ Savills, SG]

Hi Mates

 

Fyi

 

Regards

Keegan Awyang

Division Head

(K-Group)

Savills Residential Pte Ltd

CEA Reg. No.: R029192J

Mobile: 8382-6838

 

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From: Savills Singapore Newsletter [newsl...@savills-asia.com]
Sent: Thursday, February 17, 2011 10:22 AM
To: Keegan Aw @ Savills, SG
Subject: Savills Singapore Property Digest 17 February 2011

Singapore Property Press Digest 17 February 2011 Property Search Property Showcase Services Research News About Savills Press Digest SINGAPORE STOCK MARKET: STRAITS TIMES INDEX CLOSE: SINGAPORE INTEREST RATE: PRIME RATE: 3-MTH SIBOR: 16 Febuary 2011 3,094.72 (+14.06) 16 February 2011 5.38% 0.44%       Austral View project in Tanjong Rhu for sale – BT (Pg 28) Austral View, a residential project in the Tanjong Rhu area, is being put up for sale by public tender with an asking price of S$88 million or S$1,350 per sq ft per plot ratio, inclusive of the 10 per cent balcony area. The 30,540 sq ft freehold site has a gross plot ratio of 2.1.       Havelock Rd office block up for sale – BT (Pg 30) 2 Havelock Road, formerly known as Apollo Centre, is being marketed through a private treaty process at an indicative price of around S$302 million or about S$1,700 per square foot of net lettable area (NLA). The property comprises 141,547 sq ft of office space and 36,286 sq ft of shop space with a remaining lease of about 71 years. Separately, the expressions of interest exercise for Capital Square at Church Street closes tomorrow. The property has a total NLA of 386,525 sq ft and a remaining lease of about 84 years. Other office buildings in the market include 182 Clemenceau Avenue and Finexis Building at 108 Robinson Road.       Net allocation of JTC facilities falls sharply – BT (Pg 10) Net allocation of JTC's ready-built facilities (RBF) fell further to negative 156,077 sq ft in Q4/2010, reflecting the third straight quarter of terminations outstripping gross allocations. For the whole of 2010, net allocation was negative 113,021 sq ft, an improvement from negative 301,389 sq ft in 2009. However, occupancy for RBF remained healthy at 96.9 per cent in 2010, according to JTC.       Building to be named after Bank of Singapore – ST (Pg B17) The building on 63 Market Street, owned by OCBC, will be named Bank of Singapore Centre. For further information please contact: Jessie Yeo Michael Lim Executive Director Consultancy & Valuation Savills (Singapore) Pte Ltd +65 6415 7580   Contact   Corporate Communications Manager Central Management Savills (Singapore) Pte Ltd +65 6415 7579   Contact You are receiving this email because you have given your consent to receive email communications from Savills plc and its group of companies about new products and services we offer. If you wish to unsubscribe from future editions of this email bulletin please use the unsubscribe functionality below. Alternatively, if you wish to unsubscribe from all future Savills email communications please send an email to newsl...@savills-asia.com All content © copyright 2011 Savills. All rights reserved.

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