residential project marketing - CBRE SG

REAL
ESTATE
TODAY
Singapore, January 2012 MICA (P) 166/05/2011
From the CEO, Singapore & South East Asia
Pauline Goh
Chief Executive
Officer, Singapore
& South East Asia
Eurozone crisis notwithstanding, the Asia Pacific region of CBRE registered strong financial performance
in the latest results of Q3 2011. Revenue in the region increased by 24 per cent to US$208 million for
the third quarter of 2011, up from US$167 million in the third quarter of 2010.
This revenue growth was underpinned by increased property leasing activity, strong commercial real
estate outsourcing demand and CBRE’s diverse business platform.
Our focus in 2011 was on improving our competitive advantage in mature core business lines as well
as to leverage the newer businesses.
CBRE concluded a 300,000 sq ft office leasing transaction at Asia Square Tower for Citi, Singapore’s
second largest office lease deal in the city since 2007. Asia Square Tower is a new 1.3 million sq ft
office development in Singapore’s new financial district in Marina Bay and Citi is the anchor tenant.
Last year, CBRE advised Barclays Capital on a 350,000 sq ft lease at Marina Bay Financial Centre Tower
2. CBRE is the sole marketing agent for Marina Bay Financial Centre. These achievements underscore
the leadership CBRE enjoys in both landlord and tenant representation. We continue to secure
mandates from a steady stream of leading corporate occupiers including the energy, legal, telecom,
banking and financial services sectors. CBRE was recently appointed as marketing agents for two
important new developments – Metropolis in One-North and the redevelopment of the multistorey
carpark at Market Street.
Investment properties and Residential Project Marketing, the other two established service lines, had
an active year too.
Investment Properties had a good second half in 2011 with the successful sales of Robinson Centre
for $294 million, Henderson Industrial Building for $99.28 million and Nordic European Centre for
$122.5 million. In addition, we were appointed to sell Chevron House in Raffles Place and a trophy
residential site adjacent to The Tanglin Club.
The pace of activity in residential project marketing picked up in the last two quarters of this year,
injecting a breadth of fresh air against the gloomy outlook that many were expecting at the tail end
of the year. Our newly set up International Project Marketing business has also made considerable
headway, having won a number of mandates from the UK and Australia.
Our full service outsourcing business, Global Corporate Services, has continued to expand its depth
within service lines such as facilities management, project management and occupier consulting,
whilst we remain the market leaders in regional transaction management services. They have retained
100 per cent of current client contracts and grown client list significantly in 2011 with large multi
nations. Whilst facing stiff competition.
CBRE Hotels was active in the valuation of casino-related properties across Asia Pacific with a total
value of over USD50 billion this year. The growth in this market both in terms of numbers of properties
and turnover has led the group to focus on this highly specialised area, leveraging on its expertise in
gaming, hotels, retail, conference and entertainment. Investors, financiers, government authorities
and owners count among its list of clients.
As we begin the New Year, I would once again like to thank you for your continued support and to
wish you the very best for 2012.
1

INVESTMENT PROPERTIES
2
CBRE’s Investment Properties team has
successfully sold close to 50 strata office
and retail units. Another 34 units are
currently for sale, with sizes ranging
between 389 sq ft and 4,090 sq ft. Prices
of office units achieved range between
$1,675 per sq ft to $2,350 per sq ft.
Retail units have sold for between
$1,814 per sq ft and $4,040 per sq ft.
Typical buyers include investors, law
firms, consultancies, insurance firms,
high net worth and local companies. The
Adelphi is a short walk from City Hall
MRT Station, and has the potential to
leverage on the future National Arts
Gallery and Capitol Site.
Despite the somewhat subdued sentiment, most developers and many investors are actively looking for
opportunities to buy. As long as the pricing is right deals are being concluded and this will continue to
be the case in 2012. There is still plenty of money in the system looking for a home.
Jeremy Lake
Executive Director, Investment Properties
CBRE chalks up healthy sales of strata units at The Adelphi
CBRE selected to arrange sale of Chevron House
CBRE Investment Properties was recently appointed as Joint
Sole Agent for Chevron House in Singapore. The 32-story
commercial building offers approximately 218,671 sq ft of
office space and 43,305 sq ft of retail space, making a total
of about 261, 976 sq ft. The property is prominently
situated in the Raffles Place submarket in the heart of
Singapore’s CBD. Chevron House is owned by Deka
Singapore Raffles Place LP, a fully owned entity of Deka
Immobilien Investment GmbH.

Henderson Industrial Building sold for over $99 million
Hampton Court
The Investment Properties team has been appointed to handle the
sale of Hampton Court, an uber prime residential development site
located in the super prime residential Ardmore Park enclave next to
The Tanglin Club. The freehold trophy site has excellent potential to
be developed into a luxurious boutique 24-storey apartment block.
It has a site area of 33,425 sq ft and a plot ratio of 2.1.
Three strata office floors in Samsung Hub – Sold
The Investment Properties team conducted a public tender sale of Henderson
Industrial Building. The successful bidder intends to redevelop the site and
the purchase price of $99.28 million equates to approximately $476 per sq ft
per plot ratio. Approval has been obtained for the building to be developed
into a 20-storey light industrial building with a plot ratio of 2.5. This would
maximise its gross floor area to 208,635 sq ft.
The team handled the sale of three strata office floors in Samsung
Hub for a total price of about $104 million. Two floors were sold
to a HK-based property fund for $2,550 per sq ft, while one floor
was sold to four separate buyers who each paid $2,600 per sq ft.
The floors at Samsung Hub comprise approximately 13,100 sq ft
each. The building benefits from a 999yrs leasehold tenure.
3

RESIDENTIAL PROJECT MARKETING
4
The MeyeRise
A prestigious address in District 15
within an exclusive private and landed
residential estate. It enjoys easy access to
the ECP, PIE and KPE and Circle Line MRT
stations – Mountbatten, Dakota,
Stadium. The project is located close to
Marina Bay Sands and the future Sports
& Recreation Hub. It is a short drive to the
CBD, Changi Airport and Orchard Road.
It is close to many renowned schools and
educational institutions. CBRE’s Residential
Project Marketing team has been
appointed to market the project.
Archipelago
Sales volumes for residential projects in 2011 matched previous years, an indication that the
market is still fairly active.
Joseph Tan
Executive Director, Residential
CBRE’s Residential Project Marketing team has
been appointed to market Archipelago, a
99-year five-storey condominium project that
faces Bedok Reservoir.
577 units comprising a range of one-bedroom
apartments, two, three and four bedroom and
penthouse apartments are on sale. A set of five
exclusive strata semi-detached houses with their
own private carpark lots in the basement will
also be integrated into the development. The
semi-detached houses are sized between
approximately 4,015 to 4,037 sq ft. Penthouses
range between 1,284 and 3,380 sq ft. The
condominium is close to renowned schools such
as Red Swastika Primary School, United World
College and the upcoming fourth University,
making it a good investment for expatriates.

INDUSTRIAL & LOGISTIC SERVICES
Overall capital values continue to be firm with marginal increases across the commercial sectors.
Bernard Goh
Director, Industrial & Logistic Services
Caterpillar Logistics Services, Inc leases space at Enterprice Logistics
The Industrial & Logistic Services team secured a
tenancy for Caterpillar Logistics Services, Inc at
Enterprise Logistics Centre, 2 Tuas View Place. The
logistics company leased 28,300 sq ft of ground
floor space which has a ceiling height of approximately
10 metres and floor loading capacity of 25KN/m2
for their warehousing & distribution expansion in
Singapore. The facility has a raised concrete
platform for loading and unloading purposes and
is equipped with hydraulic dock levelers located
directly in front of the unit. The 3 plus 3 year lease
commenced from 1 September 2011.
194.824
5

OFFICE SERVICES
6
Occupier demand is likely to moderate as the economy slows, but on a positive note, we are still
seeing expansion and new set up requirements in a few sectors including energy, commodities and
professional services.
Moray Armstrong
Executive Director, Office Services
Market Street Development AGC leases Upper Pickering St offices
CBRE’s Office Services team has been appointed to market
a new Grade A 40-storey office tower in the heart of the
Central Business District. The project is jointly developed by
CapitaLand, Capita Commercial Trust and Mitsubishi Estate
Asia. The development has a net lettable area of 720,000 sq
ft and will be the only Grade A development scheduled to
complete in 2014.
Major wins for Asia Square Tower 1
CBRE’s Office Services team concluded several key major
leases at Asia Square Tower 1 in 2011, a 1.3 million sq ft
office development in Singapore’s new financial district in
Marina Bay. CBRE secured its anchor tenant, Citi, concluding
a 300,000 sq ft office leasing transaction, the second
The Office Services team arranged the Singapore
government’s Attorney-General’s Chambers 87,067 sq ft
lease at a new office building at Upper Pickering Street.
The building, owned by Pan Pacific Hotels Group, is under
construction and is expected to be completed in the third
quarter of 2012. AGC will occupy the whole office building.
largest office lease deal in Singapore since 2007. The team
also signed up several other key corporate occupiers
including a major expansion by Google. Last year, CBRE
advised Barclays Capital on a 350,000 sq ft lease at MBFC
Tower 2.

Mapletree Business City – Toshiba
The Office Services team secured for Toshiba
52,000 sq ft of space at Mapletree Business City.
Its relocation to Mapletree Business City is a
consolidation of its two offices. The team has
arranged several leases for corporate occupiers
at MBC including Unilever, Infocomm Development
Authority, HSBC, American Express, Nike and
Singapore Power. CBRE has leased close to 60
per cent of the total 1.6 million sq ft at MBC.
CBRE appointed Managing Agent of Singapore Post Centre
CBRE has been appointed as managing
agent for Singapore Post Centre (SPC).
CBRE will manage full-time on-site
management staff including more
than 70 post offices and delivery bases
located throughout the island.
The SPC is the flagship building of
Singapore Post Limited. It is strategically
located at Eunos Road 8, beside the
Paya Lebar MRT Station and the busy
Sims Avenue. It comprises an open
plaza, a 14-storey office and retail
block and a 7-storey block which
houses the 24 hour mail and parcelprocessing
hub. The building also has
two levels of basement car parks in the
east wing exclusively for operations
use and three levels of basement car
parks in the west wing serving the
commercial area. In addition, the
building has a shopping mall for the
convenience of staff and nearby workers
and residents in the surrounding
housing estates.
196.901
7

RETAIL SERVICES
8
Riding on the huge success of Smiggle’s first store in Singapore
at Plaza Singapura, the Retail Services team assisted with the
brand’s continued expansion of its footprint across the
island, including new stores at Bugis Junction,
313@Somerset, Parkway Parade, United Square and more in
the pipeline.
Scotts Square
Demand for retail space has remained healthy in Orchard Road and is expected to stay
upbeat into the first quarter of 2012.
Letty Lee,
Director, Retail Services
New Australian tenant stationer for Chijmes Smiggle – Watabe expanding Wedding in Singapore Group
The Retail Services team signed up a number of leases at
Scotts Square, the newest shopping mall to be opened along
Scotts Road. The team secured a 1,300 sq ft lease by
German skincare label Noesa, Danadem’s for its flagship spa.
They also handled the opening of French luxury leather
brand Tila March's flagship boutique.
Tila March opened with a bang in November, stocking iconic
pieces from its Autumn/ Winter 2011 collection. The
concept of the intimate 600 sq ft boutique has been
designed to look and feel like a Paris boutique, a personal
universe where the Tila March shopper can explore the latest
featuring the Zelig range.
New-to-market Korean lapalette signs on at ION Orchard
The Retail Services team has been appointed the tenant
representative for lapalette in Singapore, a premier fashion
accessories multi brand retailer with a touch of contemporary
design/culture, from Korea. The 732 sq ft flagship store was
secured and opened in ION Orchard this month and is
expected to feature in-house labels and unique international
labels that suggests distinct and humorous British concept
pieces inspired by vintage pop culture. The retail store aims
to be a 'social network multi shop', a place where life style
and culture can be shared.

The Heeren
The Retail Services team has been
appointed to rejuvenate The Heeren. The
Heeren is strategically located along
Orchard Road and will offer a mix of
exciting retail, lifestyle and F&B offerings.
It is a short walk across from Somerset
MRT station. The Heeren is in poised to
leverage on the immediate captive
working population within the building,
the new prime residential developments
and abundant hotels and serviced
residences nearby. Its rejuvenation
coincides with the recent revitalisation of
Orchard Road flanked by Mandarin
Gallery, Knightsbridge and Orchard
Building, giving a fresh lease of life to
Singapore's shopping belt.
Junction 10
The team has been appointed to market
Junction 10, a family-themed niche mall
integrating an education hub with a wide
array of F&B restaurants and a hypermart
as its anchor tenant.
Junction 10 is strategically located at the
cross junction if Choa Chu Kang Road
and Woodlands Road, directly connected
to Ten Mile Junction LRT Station and next
to the future Bukit Panjang MRT Station.
When it attains its Temporary Occupation
Permit later this year, it will be a mixed
development with two levels of exciting
retail and 338 small office home units.
The mall has a ready catchment of young
families and residents nearby, as well as
professionals and urbanites working in
the area.
9

INTERNATIONAL PROJECT MARKETING
10
Langham Square
The number of attractive overseas property launches has been increasing, giving Singaporeans
a wide range of choices.
Darien Bradshaw
Executive Director, International Project Marketing, Asia
CBRE’s International Project Marketing team was
appointed to market Langham Square, a prime
London residential development, throughout Asia.
Exhibitions were held in Malaysia, Hong Kong and
Singapore. Located a short walk from Putney town
centre and the River Thames, Langham Square is an
exclusive collection of 83 luxuriously appointed one,
two and three bedroom apartments and
penthouses.
Ritz-Carlton Residences, Bangkok The Green
The Ritz-Carlton Residences, Bangkok is part of the
landmark MahaNakhon development, comprising 194
hotel branded luxury residences, a 150-room boutique
hotel and about 10,000 sq m of retail space including
anchor tenant Dean & DeLuca. The Residences will be
one of Bangkok’s most luxurious and prestigious
when completed in 2014. As the tallest building in
Bangkok, MahaNakhon promises to be a new
landmark on the city’s skyline with its 77-floor
pixilated profile. The project’s groundbreaking and
piling commenced in June, 2011. CBRE is the sole
marketing agent.
The team handled Australia’s leading developer Lend Lease’s
Singapore sales launch of its first residential property development
in Australia Brisbane’s AUD$2.9 billion transformation of the
iconic Royal National Agricultural and Industrial Association of
Queensland Showground. The project – The Green – will be
located at the heart of one of Brisbane’s most sought-after
locations.
The Green offers one and two bedroom apartments just a short
walk away from the buzz of Fortitude Valley and Brisbane CBD.

CORPORATE NEWS
CB Richard Ellis is now CBRE – new logo, new name
The Company changed its corporate name to CBRE Group, Inc. in
October 2011 in order to align its corporate name with its industryleading
CBRE brand. “This change is the natural next step in the
evolution of our corporate identity,” said Mr. Brett White, CEO, CBRE
Group, Inc. “Increasingly, our clients have come to know us as CBRE,
and our highly visible CBRE logo has grown into one of the industry’s
most powerful and well recognized brands. Adopting CBRE as our
corporate name simplifies our identity and enables us to further
capitalize on the advantage of our strong brand.”
CBRE’s Global Corporate Services Client Events
CBRE’s Global Corporate Services team
organized the first of a series of client
sector lunches in November 2011.
Clients from selected industry groups
were presented recent industry trends
over lunch at the CBRE office at 6 Battery
Team CBRE Singapore did CBRE
proud when they beat Savills 2-0 in
the final match of the Inaugural
Inter Real-Estate Consultancy
5-a-side Futsal Tournament on
Thursday 28 July 2011. The team
emerged victorious after drawing 1
and winning the rest of the games.
There was a clear show of team
spirit, not just between the 9
Road. Rhys Harvey, Senior Director,
Global Corporate Services & Operations,
SEA, together with colleagues from
Research, hosted the event
CBRE champs at Inter-Consultancy 5-aside Futsal
players in the team but also the
supporters who turned up to
support & cheer the team on
throughout the games. No other
supporters could match them in
voice & spirit! Ryan Tan, a member
of Team CBRE, clinched the "Most
Valuable Player" award, having
scored 6 goals.
David McKellar joins Office Services team in Singapore
David McKellar is a Director with the Office
Services team in Singapore. He brings with him a
wealth of experience having worked in CBRE for
the last 10 years in Japan and Auckland, New
Zealand. Prior to relocating to Singapore, David
was responsible for the operational management
of CBRE’s Tenant Representation team in Tokyo,
looking after the interest of multinational
corporate occupiers with a presence in Japan.
In Singapore, David is a representative of CBRE’s
law firm, hedge fund/ private equity and Life
Science Practice Groups. He is responsible for
co-ordinating cross border real estate support and
strategic occupancy planning for multinational
corporate occupiers with a presence in Asia.
David is a graduate of the University of Auckland
where he gained a Bachelors degree in Property.
11

RESIDENTIAL PROJECT MARKETING
12
Scotts Square
The Residential Project Marketing team has been appointed to
market the luxurious Scotts Square, located between the Grand Hyatt
and Marriott hotels. Scotts Square’s two residential towers and retail
podium is poised to be the next icon along Scotts Road, Orchard
Road. The residential towers comprise 338 international quality one,
two and three-bedroom apartments, at a height of 43 storeys. Each
apartment is served by a private lift and lobby. Its contemporary
architecture is adorned with world renowned art pieces.
The Ritz-Carlton Residences
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500
company headquartered in Los Angeles, is the world’s
largest commercial real estate services firm (in terms of
2010 revenue). The Company has approximately 31,000
employees (excluding affiliates), and serves real estate
owners, investors and occupiers through more than 300
offices (excluding affiliates) worldwide. CBRE offers
strategic advice and execution for property sales and
leasing; corporate services; property, facilities and project
management; mortgage banking; appraisal and valuation;
development services; investment management; and
research and consulting.
The team has been appointed to market this highly coveted project in the
Cairnhill area, following its recent completion. The Ritz-Carlton Residences
is the first full strata titled luxury residential project launched in Asia, as well as
the first residential property to be equipped with the legendary amenities
and service excellence of The Ritz-Carlton Hotel Company, L.L.C.
Developed by Hayden Properties, the 36-storey Ritz-Carlton Residences sits
on almost 60,000 sq ft of land, with three sky terraces housing extensive
fitness, entertainment and service facilities for residents. The project
comprises 56 apartment units and two penthouses. Each unit comes with
designer fittings and appliances, such as Sub-Zero refrigerators, Poggenpohl
kitchen systems and Miele appliances. Exquisite recreational facilities
feature a lap swimming pool, barbecue area, tennis courts and a manicured
maze garden at the ground floor. The sky terrace offers a coffee shop,
library, wine cellar, as well as an open kitchen and entertainment area,
which will be solely managed by The Ritz-Carlton.
Please visit our web site at www.cbre.com.sg
6 Battery Road #32-01
Singapore 049909
Tel: (65) 6224 8181
Fax: (65) 6225 1987
Agency Licence No.: L3002163I