OfficeWise / March Featured properties. Showcasing the best commercial properties in Singapore

Transcription

1 March 2011 OfficeWise Showcasing the best commercial properties in Singapore Featured properties Marina Bay Financial Centre Six Battery Road One George Street Prudential Tower One Mapletree Anson Shophouse - 6 Stanley Street Shophouse - Amoy Street Business Park Space Singapore Helpdesk: / Company Reg. No D Agency No. L B MICA (P) No. 018/05/2010

2 CommercialLeasing Top Quality Office in Marina Bay Financial Centre Asia s Best Business Address 3 office towers offering nearly 3 million square feet of International Grade A office space together with two luxury residential towers and retail space Approximately 1,800 sq ft to 25,000 sq ft of office space available for lease Tower 3 scheduled to complete by first quarter 2012, offers large floor plates from 30,000 sq ft Conveniently located near, Marina Bay and Downtown (completing 2013) MRT stations Six Battery Road A 42-storey office building Approximately 1,500 sq ft to 10,800 sq ft available for lease Conveniently located above the MRT station Efficient floor plates 2

3 helpdesk For Lease One George Street A 23-storey office building with large efficient floor plate Approximate lettable areas from 7,000 sq ft to 15,000 sq ft Raised flooring with 3m clear ceiling height Walking distance to and Clarke Quay MRT stations Prudential Tower A 30-storey office building Sheltered access to MRT Approximate lettable areas from 1,650 sq ft to 11,000 sq ft (subdivisible) Column-free floor plate Raised flooring One Tower One A prime Grade A 62-storey office tower with a 5-storey retail podium Conveniently located in the heart of, above MRT station Approximate lettable areas from 2,000 sq ft to 9,400 sq ft Column-free floor plate 3

4 helpdesk For Lease Straits Trading Building A 28-storey office building A minute s walk to MRT station Approximately 5,400 sq ft available Mapletree Anson Tanjong Pagar About 3 minutes walk to Tanjong Pagar MRT station Approximately 5,000 sq ft (not subdivisible) Regular and efficient space Raised flooring Kimberly Seow CEA Reg. No. R022690H / Marsh & McLennan Centre Walking distance to MRT station Approximately 4,000 sq ft to 6,000 sq ft Fully fitted space available Excellent move-in condition UE Square Chinatown / River Valley Outside CBD Free shuttle bus to City Hall MRT station Approximately 3,090 sq ft to 20,000 sq ft lettable Ample parking space Fitted space available 4

5 savills.com.sg For Lease Plaza by The Park Beach Road / Middle Road A 11-storey office buildng with retail and F&B units on the ground floor From 900 sq ft to 11,000 sq ft lettable Located at the entrance of Bras Basah MRT station Bare or fitted units available Central Mall Chinatown /River Valley A 7-storey office building with retail units on the ground floor. From 1,249 sq ft to 40,000 sq ft Raised flooring Near Clarke Quay MRT station Bare or fitted units available Ngee Ann City Tower B Orchard Located in the prime shopping district of Orchard Road Underground connection to Orchard MRT station From 900 sq ft to 3,600 sq ft lettable Raised floor system facilitates power and telecommunication infrastructure Wisma Atria Orchard Conveniently located in the heart of Orchard Road Connected to Orchard MRT station From 850 sq ft to 2,200 sq ft lettable Raised floor system facilitates power and telecommunication infrastructure Dedicated high-speed lifts serve the office tower from basement floor 5

6 helpdesk Fully Fitted Office For Lease Suntec Office Tower Marina Near Promenade / City Hall MRT Approximately 4,743 sq ft to 6,491 sq ft Fully fitted Move-in condition Brand New Furnished Shophouse 6 Stanley Street Shenton Way Approximately 700 sq ft / 1,000 sq ft / 2,000 sq ft / 5,000 sq ft lettable Nicely furnished Move-in condition Walking distance to MRT station Barbara Lee CEA Reg. No. R022674F / Sole Agent Partially Fitted Shophouse For Lease Amoy Street Shenton Way 1,660 sq ft / 2,345 sq ft lettable Conveniently located near and Tanjong Pagar MRT stations Easily accessible Nearby amenities Barbara Lee CEA Reg. No. R022674F /

7 savills.com.sg Business Park Spaces Outside CBD West Sector - International Business Park Nordic European Centre International Business Park Approximately 1,000 sq ft to 6,340 sq ft Fitted space available Efficient floor plates Near Jurong East MRT station Business Park Spaces Outside CBD East Sector - Changi Business Park Honeywell Building Changi Business Park Approximately 2,000 sq ft to 12,500 sq ft Efficient floor plates Near Expo MRT station Savills (Singapore) Pte Ltd Subject to contract: This document is pre pared by Savills for information only. Whilst reasonable care has been exercised in preparing this document, it is subject to change and these particulars do not constitute, nor constitute part of, an offer or contract; interested parties should not rely on the statements or representations of fact but must satisfy themselves by inspection or otherwise as to the accuracy. No person in the employment of the agent or agent s principle has any authority to make any representations or warranties whatsoever in relation to these particulars and Savills cannot be held responsible for any liability whatsoever or for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this document Savills (Singapore) Pte Ltd

8 MarketWatch Strong net take-up of office space The economic indicators show that the Singapore economy is likely to grow at a more moderate but steady pace in 2011 on the back of external macroeconomic conditions which are likely to remain supportive of growth and the boost in intra-regional trade in Asia. In the latest business expectations survey conducted by the Department of Statistics (DOS), firms in the services sector, including the financial and business services industries, are upbeat about the business outlook for the first half of They also expect both the revenue and employment levels to rise for the first quarter of 2011 over the preceding quarter. Therefore, demand for office space is expected to continue to be buoyed by a healthy GDP forecast of 4 to 6 per cent for 2011 coupled with the continuous expansion of the services sector. Vacancy has reduced prior to new supply entering the market Going forward, there will be around 4.3 million sq ft of CBD office space slated to be completed between 2011 and Taking into account the six-month lag after TOP, the adjusted supply will surge to 5.5 million sq ft. This, together with a considerable amount of secondary stock returning the market may make the vacancy in CBD to be volatile. However, it is important to note that a number of buildings are likely to be demolished or refurbished, and that, about 58% of the 4.3 million future CBD supply have been pre-committed. Savills has identified an inflection point appearing late 2011 when the return of secondary stock will hit the market as the primary supply nears the end of their leaseup program. At this point, we will see a greater spread in the international Grade rents versus those of the remaining stock. 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% -2.0% Grade AAA Grade AA Grade A Overall Q4/2009 Q1/2010 Q2/2010 Q3/2010 Q4/2010 Almost 100 percent of the completed new CBD Grade A stock in 2010 has already been leased, however, it normally takes about six months after the completion of the new buildings for the tenants to migrate to the new space. Factoring in the six-month lag, Savills s vacancy rate of CBD Grade A offices is 4.2 per cent by end 2010 as a result of strong take-up driven by a board-based business expansion coupled with limited supply from MBFC Tower One with tenants moving in. Source: Savills Research & Consultancy Our Commercial Team Chris Marriott CEO, South East Asia CEA Reg No. R022698C cjmarriott@savills.com.sg (65) Agnes Tay Director CEA Reg No. R022707F atay@savills.com.sg (65) Jann Ng Associate Director CEA Reg No. R022697E jng@savills.com.sg (65) Agnes Heu Associate Director CEA Reg No. R022687H aheu@savills.com.sg (65) Sally Fan Senior Manager CEA Reg No. R022695I sfan@savills.com.sg (65) Kimberly Seow Senior Manager CEA Reg No. R022690H kseow@savills.com.sg (65) Barbara Lee Senior Manager CEA Reg No. R022674F blee@savills.com.sg (65) Kevin Murtagh Senior Manager CEA Reg no. R022686Z kevin.murtagh@savills.com.sg (65) Hazel Wong Marketing Executive CEA Reg No. R040257I hazel.wong@savills.com.sg (65) Reply Slip Fax back to Savills : (65) For I have more a requirement details, for contact office space, our please commercial contact me. team : I would like to receive Savills property newsletter via . Name : Company : Designation : Telephone / Required Floor Area Lease Expiry : : : To Enquire: hotline / Website : savills.com.sg