ZADC
CapitaLand purchases Asia Square Tower 2
Leading Singapore real estate company, CapitaLand, has agreed to buy Asia Square Tower 2 (AST2) marking the largest office transaction in the entire Asia Pacific region this year. AST2 is part of a world-class commercial development in Singapore’s Marina Bay business and financial district, and CapitaLand’s is reportedly paying... Read more
Whither the Asia Pacific office market?
ADAPT TO STAY RELEVANT, CHANGE OR BE CHANGED BY Zoe Phoon The 2017 ULI Asia Pacific Capital Markets Forum held in Singapore recently drew 40 leading executives from the world of real estate capital markets and investing where they brainstormed topical issues facing the industry. According to a report... Read more
Introducing the Pod that kills stress at work
FUTURE OFFICE DESIGNS COULD INCLUDE ‘BREAKOUT PODS’ TO REDUCE STRESS AND IMPROVE PRODUCTIVITY BY Zoe Phoon Dutch creators, architect firm UNStudio and social design agency Scape, envisage many big companies will install “breakout pods” at their workplace in the near future. Examples are secluded pods that allow workers to... Read more
Still subdued… still “waiting and seeing”
KNIGHT FRANK REAL ESTATE REPORT REVEALS WE’RE NOT OUT OF THE WOODS YET, BUT THERE ARE SOME POSITIVES TO HOLD ON TO BY Chris Prasad The prolonged lull in the property market is now reaching a point of immense frustration for industry players. Investors are still suffering the jitters,... Read more
Asian Investors zero-in on US, UK, German commercial markets
In general, commercial property investors are allocating more capital to real estate worldwide, but Asian investors, in particular, now represent five out of the 10 biggest cross border spenders in 2017. According to a recent Jones Lang LaSalle (JLL) report, Inter-regional investment reached US$19.5 billion (RM83.3 billion) in Q2... Read more
Dubai hosts world’s 1st 3D printed office
TRAILBLAZING EXAMPLE OF COMPUTER-CONTROLLED FABRICATION IN BUILDING CONSTRUCTION BY Zoe Phoon The building’s name, Office of the Future, may appear ordinary, but what its architect Killa Design has developed is anything but that. Office of the Future is the world’s first fully functional and permanently occupied 3D printed office... Read more
World’s most expensive office markets revealed
HONG KONG, LONDON AND NEW YORK TOP THE LIST Hong Kong (Central) and London’s West End continue to command the highest prime office occupancy costs in the world, says CBRE Research’s annual Global Prime Office Occupancy Costs report. Hong Kong central district’s overall prime occupancy costs of US$303psf (US$1... Read more
Bloomberg: What Brexit?
COMPANY CAN’T WAIT TO MOVE INTO NEW GREEN HQ IN LONDON BY Zoe Phoon Fancy working here? Bloomberg’s scintillating European headquarters in the heart of the UK capital is poised to open this autumn. The company of former New York City mayor Michael R. Bloomberg is moving into London... Read more
UOA gains more ground in Bangsar South
One of the key engines behind the rising prominence of Bangsar South has been UOA Development Bhd’s anchor development, Bangsar South City. However, the company recently indicated that it has more in store for the burgeoning new suburb with the purchase of a 9,686.682 sq ft parcel in the... Read more
Subdued property market means it’s a tenant’s market
Last year was a challenging year for the property market, especially with both high-end condominiums and offices witnessing remarkably subdued activity. In its summary of market highlight for the second half of 2016 and the outlook for the current year, global property firm Knight Frank Malaysia (KFM) said homebuyers... Read more