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Tech companies

Tech Companies Drive Change in the Use of Office Space Across Asia

A report released by Colliers International Group Inc. reveals how changing requirements for real estate among regional tech companies is altering the demand dynamics for office space across Asia Pacific. Mr Sam Harvey-Jones, Managing Director of Occupier Services | Asia, Colliers International, says, “Finance and insurance companies have traditionally been the major tenants of CBD […]

File photo of a BlackRock building in New York June 12, 2009. REUTERS/Eric Thayer

BlackRock’s $2.5 billion sale: a sign of life for Singapore’s office market

BlackRock Inc said it would sell a 43-storey Singapore office tower for $2.5 billion – one of at least three office building deals in the last two months for a market gripped by worries about oversupply and rising vacancies. The sale to Qatar Investment Authority, a sovereign wealth fund, is Singapore’s largest office transaction. It […]

Shunfu Ville Sold Enbloc

Shunfu Ville sold for $638 million in largest En Bloc deal in nine years

Shunfu Ville, a 358-unit residential development in the popular Bishan/ Thomson area, has been successfully sold to a unit of Qingjian Realty (South Pacific) Group Pte Ltd, a conglomerate with a wide range of business operations such as contracting, investments, real estate development, capital management and logistics. The massive exercise, which has managed and brokered […]

Shanghai-China-skyline-2-keyimage

Asia Accounts for Four of Five Most Expensive Office Markets Globally

Based on CBRE’s semi-annual Global Prime Office Occupancy Costs survey, Asia continued to dominate the world’s most expensive office locations, accounting for four of the top five markets. London’s West End remains the world’s highest-priced office market. London’s West End’s overall prime occupancy costs topped the ‘most expensive’ list at US$267 per sq. ft. per […]

gold-fields-rendering

Chinese Pour $1.23B into Sydney Real Estate in Last 2 Months, Wanda Announces $1bn Mixed Use Development No.1 Sydney

China’s outbound investment wave continued to flow into Sydney as buyers from the mainland and Hong Kong acquired more than $1.23 billion worth of major assets during the last two months of 2014. Most of the investors were major mainland property developers looking to escape the dwindling returns of a slumping Chinese property market. Companies […]