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The total investment volume increased to $16.74 billion in 3Q2019, a 150 per cent jump from the $6.7 billion in 2Q 2019 and it is 49 per cent more than the volume of $11.24 billion for 1Q2019 and 2Q2019 combined. The commercial sector led the way with $6.27 billion worth of investment sales.
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Tokyo has claimed the top spot as the highest-ranked market for real estate investment in Asia Pacific, according to Cushman & Wakefield’s ‘Winning in Growth Cities’ investment report. Tokyo replaced Hong Kong, which saw a notable fall of 38% y-o-y.
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Market confidence might have dented due to weaker economic growth and the escalation of the US-China trade war but landlords have been able to hold their rents steady due to tight vacancies and limited upcoming supply. In fact, Grade A CBD rent increased marginally by 0.4 per cent to S$10.65 psf/month in 3Q2019 after remaining flat in the preceding quarter, due partly to landlords of less premium spaces playing catch up with better quality buildings.
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Bugis Cube located at No. 470 North Bridge Road (the “Property”), has been put up for collective sale via a Tender exercise by the appointed marketing agent, Cushman & Wakefield. Owners holding not less than 80% by share values and strata area have collectively agreed to the sale by way of public tender.
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Cushman & Wakefield have brokered the sale of Bugis Junction Towers at a sale price of $547.5 million to the Village Prop. Pte. Ltd. The Capital Markets team at Cushman & Wakefield secured the buyer on behalf of Keppel REIT. Bugis Junction Towers is a 15-storey office building within the Bugis Junction integrated mixed-use development, comprising 12 levels of premium office space from the 4th to 15th storeys and two F&B units on the ground floor.
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Cushman & Wakefield, a leading global real estate services firm, has today published The Proptech Top 5 for Asia Pacific Asset Services report – their 2019 survey of over 100 clients across Asia Pacific on their sentiments towards proptech. The respondents include office asset managers, development managers, leasing managers and technology specialists across the region including Australia, China, Hong Kong and Singapore.
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Cities in Japan and Australia dominate the list of most expensive office fit-out locations in Asia Pacific, according to Cushman & Wakefield’s Asia Pacific Office Fit-out Guide, which provides an indication of the office fit-out construction costs across 28 key gateway cities in the region. The guide, which serves to assist occupiers in defining their capital planning and relocation budgets, includes a comprehensive fit-out cost section covering furniture, mechanical & electrical works, builder works, AV/IT and other miscellaneous costs and takes into consideration the reinstatement cost in Asia Pacific.
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Cushman & Wakefield, a global commercial real estate services firm, announced today that Riaz Khan has joined Cushman & Wakefield as Head of Project & Development Services, Malaysia and Thailand from September 2019.
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Singapore, 16 September 2019 - Cushman & Wakefield was mandated by DataCentre One (owned by Keppel Infrastructure Trust and WDC Development Pte Ltd) to conduct the tender for the sale of 1-Net North Data Centre in June 2019 and eventually sold the 100 per cent interest in DataCentre One for $200.2 million.
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Cushman & Wakefield (NYSE: CWK), a leading real estate services firm, recently hired Eric Wagner as Vice President, Global Digital Marketing.
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Cushman & Wakefield and JLL’s Hotels & Hospitality Group have been retained as joint exclusive advisors to Lucrum Capital Pte Ltd to offer for sale a rare freehold hotel development site located in the Orchard Road precinct.
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Cushman & Wakefield (NYSE: CWK) announced today that the firm was named the world’s top commercial real estate advisor and consultant for the second consecutive year by Euromoney’s 2019 Real Estate Survey. Cushman & Wakefield was also named the top advisor and consultant in Central and Eastern Europe, Argentina, Czech Republic, Denmark, Hong Kong, Peru, Serbia and Turkey, among other categories.
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The freehold service apartment block located at No. 2 Mount Elizabeth Link (the “Property”), has been put up for sale via a Tender exercise by the exclusive marketing agent, Cushman & Wakefield.
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Retail and Office Podium in the heart of Raffles Place up for sale
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Benefitting from business relocations and investment diversion amid heightened uncertainties and the global slowdown, Singapore appears to be more appealing as an investment safe haven. This has resulted in commercial asset prices staying elevated. As such, for the period of September 2019 to February 2020, DC rates for Use Group A (Commercial) increased, while those for Use Group B2 (Residential, non-landed) decreased. The DC rates for other use groups remained unchanged.
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Chinese H1 Outbound Investment Plummets to 7-year Low as Debt Clampdown, Economic
Headwinds Weaken Growth
Singapore, August 27, 2019 – Mainland Chinese Real Estate Investment Overseas (MCREIO) plunged to a seven-year low of US$3.8 billion in the first half of 2019, falling 68 per cent over the same period last year amid restrictive outbound investment policies, a tightening lending environment and heightened global economic uncertainty, according to Cushman & Wakefield Research’s latest H1 2019 China Outbound Investment Report.
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