Changi Business Park

Punggol Digital District comes online - THE EDGE SINGAPORE

Singapore economy

Punggol Digital District comes online

Some 65% of PDD’s 175,000 sqm of business park and office space has been pre-committed, and tenants will start moving in from mid-2025. Could it give Changi Business Park a run for its money?

REITs

CapitaLand Ascendas REIT can weather the additional space from PDD

CLAR is large enough to weather PDD with a diversified portfolio where no building contributes more than 4.2% to GRI

Broker's Calls

Changi Business Park, International Business Park ‘hollowing out’ but UOBKH still likes these two S-REITs

Occupancy for Singapore’s business parks has languished, falling 8.0 percentage points to 79.1% over the past three years.
Struggling Changi Business Park deals blow to Singapore's regional hub ambitions - THE EDGE SINGAPORE

Property

Struggling Changi Business Park deals blow to Singapore's regional hub ambitions

Overall vacancy rates across 10 commercial properties have more than doubled in the past three years to nearly 40%
Keppel Infrastructure Holdings subsidiary secures $300 mil contract from JTC - THE EDGE SINGAPORE

Contracts

Keppel Infrastructure Holdings subsidiary secures $300 mil contract from JTC

The new DCS plant is expected to be completed in 2022.

Soilbuild Construction wins new civil works project worth $7 mil

SINGAPORE (Sept 5): Soil-Build, a subsidiary of Soilbuild Construction Group, won a civil works contract worth $7 million for the construction of covered linkways and cycling paths at Changi Business Park and One-North.
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