Rents of retail space in Singapore’s central region dipped 0.4 per cent in the first quarter of 2024, extending a decline of 0.1 per cent seen in Q4 2023 as vacancy rates rose for stores outside prime locations.
Falling rents in the fringe areas of the central region dragged on the overall rental index, even though rents in the central area rose 0.2 per cent in Q1. Rents in the fringe areas fell 1.8 per cent, said Wong Xian Yang, ...

Stories you might have missed
Lawrence Wong to be Singapore’s fourth prime minister from May 15
DEPUTY Prime Minister Lawrence Wong will be sworn in as Singapore’s fourth prime minister on May 15, the Prime Minister’s Office announced on Monday (Apr 15).
Green investments into Asean rose 20% to US$6.3 billion in 2023: Bain, Temasek report
PRIVATE sector investments for the purposes of the green economy transition in South-east Asia increased 20 p...

Keppel has achieved a significant milestone with the first close of its Keppel Sustainable Urban Renewal Fund, securing Korean institutional capital.
The fund's total funds under management now exceed US$1.7 billion, bolstering Keppel's sustainable urban renewal (SUR) strategy.
Focused on real estate opportunities across various segments, including commercial, living, life sciences, hospitality, and logistics, the fund ai...

Keppel Real Estate Investment Trust (Reit) has entered into an agreement to acquire a 50% interest in a Grade A office building located in Sydney's central business district (CBD) for A$363.8 million (S$321 million). The remaining interest will be retained by the seller, Mirvac Funds Management Australia Limited.
The property at 255 George Street is anticipated to yield over 6% in the first year and contribute a distri...