6 April 2020 update: The Singapore Government announced the Solidarity Budget, an additional budget to save jobs and protect livelihoods in response to the circuit breaker measures. 7 April 2020 update: The Singapore Government passed a new Bill, called the Covid-19 (Temporary Measures) (Control Order) Bill 2020, to define the details of the circuit breaker…
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Category: Commercial News
One of Singapore’s Best Properties is Up for Sale, and It’s a Car Park
The car park at Holland Road Shopping Centre is up for sale. Yes, I know most of you will hardly get out of bed at the news; but this is actually one of the BEST properties to go up for sale this year. Okay, what’s the big deal about the Holland Road Shopping Centre carpark?…
Office Investors Take Note: Co-Working Spaces are Invading
Co-office spaces continue to encroach, tripling in space consumption since 2015. At this point, co-working spaces have lived up to their reputation as the Grab / Uber of the office sector. Office investors, take note: What’s happening on the co-working scene? In 2015, co-working spaces took up 1.2 million square feet in Net Lettable Area…
Most Affordable Shophouse Rental Options For Your Small Business
Thinking of renting a shophouse to kickstart your startup or small business? Here’s the good news: if you don’t venture into the CBD, shophouses are actually pretty inexpensive to rent. In this blog post, we’ve curated a list of five most affordable shophouse rental options in Singapore. These shophouses will only set you back by…
Should You Buy or Rent Your Business Space in Singapore?
If you’re running your own business, this question eventually comes up: why rent? Why not buy your own commercial space? It’s not a bad idea, but here’s what to consider: The pros of buying versus renting your business space Mitigates the risk of variable rent You have an asset instead of a pure overhead Minimise…
6 Shophouses in Joo Chiat “Foodie Nexus” up for Tender
If you’re familiar with Joo Chiat at all, you’ll know the area is one of the foodie hubs of Katong. Now, no less than six freehold shophouses are up for public tender in the area: What’s on offer? The six freehold shophouses are 454, 456, 468, 460, 462, and 464 Joo Chiat Road. The entire…
5 Signs It’s Time to Move Your Retail Shop Elsewhere
If you want to see an abusive relationship, look no further than the ties between some landlords and their retail clients. It takes some courage to know when it’s time to move on, and just do it: 1. Know how much foot traffic you need, so you can tell when it becomes unsustainable Even before…
Peak Tower Corp Buys Selegie Centre for $120 million
Peak Tower Corp has bought Selegie Centre at its reserve price of $120 million. This is around $1,942 per square foot per plot ratio (psf ppr). Selegie Centre is a 30-year-old, integrated development in District 7, at the border of the CBD. Owners of Selegie Centre’s commercial units are expected to reap between $1 to…
WeWork Launches First Co-working Space Outside CBD
WeWork is launching its tenth co-working space. The US-based company is opening its first location outside CBD at 380 Jalan Besar. It is at 380 Jalan Besar and can house more than 380 people. As co-working spaces go, WeWork’s new space also caters to the young innovators who will occupy the space. With surrounding amenities…
Most Romantic Locations to Set Up Your Restaurant / Cafe
Got plans to set up your very own restaurant or cafe in Singapore? The F&B scene in Singapore is brutal, and in order to survive, you’ll need to serve up excellent food AND deliver on atmosphere as well. Now, when it comes to atmosphere and ambiance, location is KEY. If you choose to set up…
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