Category: Commercial News

Office Investors Take Note: Co-Working Spaces are Invading

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…

Orchard Road during festive season

Government slashes Development Charge rates to spur Covid-hit economy

In a move that could spur spending in the real estate and construction industry, the Ministry of National Development (MND) announced on 31 August that it would be cutting the Development Charge (DC) rates across multiple property types by up to 7.8%. The changes in DC rates is particularly targeted at encouraging commercial revitalisation in…

covid circuit breaker lockdown measures

Covid-19 Circuit Breaker and New Bill: Details Singaporeans should know

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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