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Private property prices still elevated: MAS
Private property prices still elevated: MAS

The Business Times -
28 Nov 2014

This could mean call to roll back cooling measures premature


MAS lays out risks for Singapore private debt
MAS lays out risks for Singapore private debt

The Business Times -
28 Nov 2014

But central bank stress tests show they do not pose systemic danger


ERA offices in industrial building to relocate
ERA offices in industrial building to relocate

The Straits Times -
28 Nov 2014

Realty's moves put to rest any question of legal use of such space



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Singapore Property News

Office building in CBD for sale by tender

CBRE executive director Chan Fook Kheong described The Globe as 'a unique investment opportunity for an investor looking to buy a quality office building in the CBD'.

The Straits Times - April 16, 2002
By: Vladimir Guevarra

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Office building in CBD for sale by tenderAt least three companies are keen to buy The Globe office building, which is 93 per cent occupied. (PHOTO: CB RICHARD ELLIS)

THE 15-storey The Globe office building at the corner of Cecil Street and Boon Tat Street is being sold by public tender by its owner, a Malaysian retail group.

Property consultancy CB Richard Ellis (CBRE), which has been appointed to sell the building, said it is 93 per cent occupied by tenants, which include Thai Airways' Singapore office.

CBRE executive director Chan Fook Kheong described The Globe as 'a unique investment opportunity for an investor looking to buy a quality office building in the CBD'.

He said the high occupancy rate can provide the investor with secure rental returns despite the sluggish sentiment in the office market.

He added that at least three local and foreign property companies have shown interest in buying the property, which stands on 9,080 sq ft of land within the prime Central Business District (CBD).

An industry source told The Straits Times that The Globe is being sold by its Malaysian owner because the building is not part of its core assets.

The source also said the building's mortgagee-in-possession is OCBC Bank.

With a 99-year leasehold tenure starting from November 1983, the building has a gross floor area of 62,690 sq ft and a total lettable area of 39,126 sq ft.

A typical office's floor area ranges from 2,210 sq ft to 2,465 sq ft. The building is located just across the road from Tong Eng Building and is near Cecil Court.

Based on the average of estimates given by two property analysts, The Globe could fetch $627 psf.

Mr Chan said bids for the property will be accepted until May 23.

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Luxury homes face nearly $3m in losses in mortgagee sale

Luxury homes face nearly $3m in losses in mortgagee sale

The Straits Times - 24 Nov 2014

TWO luxury homes in Singapore are on the market at prices that would mean losses of nearly $3 million each as the local property market continues to weaken.


7,500 HDB flats launched, including the first ones in Tampines North

7,500 HDB flats launched, including the first ones in Tampines North

The Business Times - 26 Nov 2014

It is HDB's last Build To Order-cum-Sale of Balance Flats exercise for the year


Private property prices still elevated: MAS

Private property prices still elevated: MAS

The Business Times - 28 Nov 2014

This could mean call to roll back cooling measures premature

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Centrepoint's Marine Parade condo out soon

The Business Times - April 11, 2002

By: Vince Chong