Frasers Centrepoint Trust plans to refurbish suburban malls

Following the S$13 million makeover of Anchorpoint Shopping Centre, Frasers Centrepoint Trust has plans to turn its attention to other suburban malls under its stable.
Anchorpoint’s new look appears to be getting the thumbs up from retailers.
Lee Hsien Yang, chairman of Fraser & Neave, said: “Anchorpoint used to be occupied by furniture shops, but I think [...]

Metro, FairPrice to anchor mall

METRO and NTUC FairPrice will be anchor tenants at City Square Mall on Kitchener Road, near the popular Mustafa Centre, according to sources.
The 700,000 square foot mall opens in the middle of next year. The mall’s developer, City Developments Ltd (CDL), yesterday said in its first quarter results statement that leasing for the property is [...]

ISD’s former headquarters up for tender

The Singapore Land Authority (SLA) has launched a public tender for the adaptive re-use of the former headquarters of the Internal Security Department (ISD) and Ministry of Home Affairs (MHA) at Phoenix Park, off Tanglin Road.
Garden variety: Block A of the former headquarters of the Internal Security Department and Ministry of Home Affairs at Phoenix [...]

MHA complex up for office lease

Tanglin site can be leased for an initial 3 years, with option for renewal till 2017
THE sprawling Phoenix Park site in Tanglin Road, which housed the Ministry of Home Affairs (MHA) for more than two decades, can now be leased for office use.
The 641,852 sq ft site, in the exclusive foreign embassy district, should help [...]

CapitaLand, US fund jostle for The Atrium

Price will be over $800m; CMT eyeing synergies with Plaza Singapura: sources
The race to snap up The Atrium @ Orchard is said to have narrowed to two parties: a US fund, and a unit of CapitaLand group, possibly CapitaMall Trust (CMT), which owns Plaza Singapura next door. The price is understood to be in the [...]

Former MHA Complex at Tanglin Road put up for tender

The former Ministry of Home Affairs (MHA) Complex at Tanglin Road, which is also known as Phoenix Park, has been placed for tender.
According to the Singapore Land Authority (SLA), the prime site on the fringe of the Orchard Road belt will be open for adaptive re-use as office space.
Analysts said they are expecting to see [...]

Shaw House, Shaw Centre may undergo major revamp next year

Another landmark near Orchard Road may soon get a facelift. Channel NewsAsia understands that Shaw Organisation is considering a major redevelopment of Shaw House and its neighbouring Shaw Centre.
According to some sources, an official announcement is expected by August. The news comes even as some tenants have moved out in recent months following a spike [...]

Sales of strata offices down, may fall further

Prices holding for now but may suffer if wider market weakens
THE dispirited housing market has claimed another casualty: Sales of strata-titled offices have taken a nosedive this year.
And while prices are holding steady for now, they might start to dip in the coming months, predicted property firm CB Richard Ellis (CBRE).

It analysed data for seven [...]

OUE earmarks $530m to build 38-storey tower

Tenants of existing block given till end of this month to vacate premises
THE fitness chain True Yoga will have to find a new position to assume in the business district after one of its outlets got its marching orders, but it might be a bit of a stretch given the shortage of office space.
True Yoga [...]

HSBC extends lease of HQ for $143m

HSBC Bank is extending the lease of its headquarters at Collyer Quay for another seven years after it expires in April 2012.
It will pay $143.1 million to rent HSBC Building until April 2019, said the building’s owner, CapitaCommercial Trust (CCT), yesterday.
CCT will spend up to $7 million on improvement works at HSBC Building. These are [...]