Singapore CBD office rents hold steady in Q1 despite vacancy rise

Core CBD Premium and Grade A office rents declined slightly by 0.1% QoQ to $11.67 per square foot

Office rents in Singapore’s Core Central Business District (CBD) remained largely stable in the first quarter of 2025, even as vacancy levels edged up and new supply remained limited, according to the latest market report from Colliers.

Core CBD Premium and Grade A office rents declined slightly by 0.1% QoQ to $11.67 per square foot, whilst average capital values held firm at $3,050 per square foot.

Despite the slight dip, rents in some premium buildings saw marginal increases, indicating continued interest in high-quality space.

“The core CBD Premium and Grade A segment is expected to outperform due to limited supply and resilient demand for quality spaces in the CBD,” said Tridiana Ong, Executive Director and Head of Tenant Representation at Colliers Singapore. “In contrast, projects outside the CBD may face some pressure, but could attract cost-conscious tenants with lower rents and different value propositions.”

Vacancy rates in the premium segment rose to 7.6%, largely due to the addition of Keppel South Central to the market. However, Colliers noted the building is already approaching 50% commitment, and expects overall vacancies to ease as excess space is gradually absorbed.

With limited new office supply projected over the next two years, the report encourages tenants to act decisively to secure preferred locations and lease terms. “Tenants should act decisively to secure space as supply tightens and the pool of options shrinks,” the report advised.

Colliers also saw sustained interest from tenants in sectors such as non-bank financials, technology, asset management, family offices, and professional services. Much of the activity is expected to be driven by renewals and flight-to-quality, as occupiers look to upgrade into modern spaces that reflect evolving workplace needs.

On the investment side, the growing divide between older and newer office buildings may present opportunities for repositioning.

As office dynamics continue to evolve, Colliers expects the CBD’s top-tier office segment to remain a key focus for both occupiers and investors amid tightening supply and structural demand for quality real estate.

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Mengetahui Girik: Pengganti Resmi HGB dan SHM dalam Kepemilikan Tanah

diwida.news Girik merupakan surat pengesahan milik lahan di Indonesia.

Dokumen ini diciptakan saat masa penjajahan Belanda, kira-kira di tahun 1830-an.

Walau tetap ada orang yang memanfaatkannya, sekarang ini girik sudah ditinggalkan demi dokumen-dokumen lain yang memiliki kekuatan hukum yang lebih baik, yakni Sertifikat Hak Milik (SHM) serta Sertifikat Hak Guna Bangunan (HGB).

Sejarah Girik

Masa Kolonial Belanda:

• Pada tahun 1830-an: Dokumen girik diperkenalkan untuk pertama kalinya oleh pemerintah kolonial Belanda sebagaimana menjadi komponen utama dalam skema manajemen tanah.
• Pada dekade 1870-an: Pemanfaatan dokumen girik untuk membuktikan hak milik atas lahan semakin meluas.

Masa Kemerdekaan Indonesia:

• Tahun 1945: Usai kemerdekaan Indonesia, girik masih dipakai sebagai bukti hak milik atas tanah.
• Pada dekade 1960-an, pihak berwenang di Indonesia memulai upaya untuk menciptakan suatu sistem manajemen tanah yang lebih canggih dan terorganisir dengan baik.

Masa Sekarang:

Girik saat ini masih dipakai, namun peranannya sudah ditinggalkan oleh SHM dan SHGB.

Sangat penting diingat bahwa catatan mengenai hak tanah bisa berbeda-beda tergantung wilayah serta peraturan pemerintah lokalnya.

Maka dari itu, sangatlah krusial untuk mengecek data terperinci mengenai sertifikat tanah tersebut di daerah setempat.

Mengapa Girik Perlu Dikonversi?

Melihat bahwa girik merupakan dokumen dari era kolonial, maka kekuatan hukumnya tidak setara dengan SHM atau HGB.

Maka dari itu, diharapkan sekali kepada para pemegang hak girik agar menukar dokumen tersebut ke dalam bentuk sertifikat yang lebih kokoh.

Waktu liburan Idulfitri dapat dijadikan kesempatan ideal untuk menangani konversi hak guna bangunan dari girik ke SHM.

Harison Mocodompis, kepala biro Humas dari Kementerian ATR/BPN, menjelaskan bahwa Lebaran merupakan waktu ideal untuk mensertifikasikan properti tanah.

Harison menjelaskan pada hari Rabu (02/04/2025) bahwa Kementerian ATR/BPN masih berfungsi secara terbatas dan kesempatan ini dapat dimanfaatkan oleh publik yang membutuhkan bantuan dalam hal tanah.

Agar dapat melakukan transisi dari hak guna bangunan kepada sertifikat, pemilik lahan harus mempersiapkan sejumlah dokumen yang diperlukan, antara lain sebagai berikut:

• Girik tanah asli.
• Kartu Keluarga (KK).
• Kartu Tanda Penduduk (KTP).
• Surat untuk mengajukan permintaan yang telah ditulis dengan menggunakan meterai tersebut.

Bagi yang membutuhkan detail tambahan tentang syarat-syarat serta tata caranya, para pemilik lahan bisa merujuk pada aplikasi Sentuh Tanahku. Unduhan aplikasi ini tersedia dengan bebas melalui Google Play Store maupun Apple App Store.

"Sebelum mengunjungi kantor pertanahan, masyarakat saat ini dapat memeriksa persyaratan yang diperlukan untuk pengajuan mereka serta perkiraan biayanya melalui Sentuh Tanahku. Dalam aplikasi ini, pemilik tanah juga bisa melacak proses dokumen mereka yang telah diajukan dan sedang ditanganinya di kantor pertanahan," jelas Harison.

Pemilik lahan pun bisa menghubungi secara langsung kantor pertanahan lokal guna memperoleh bimbingan tambahan selain menggunakan aplikasi.

Dengan merubah status dari dokumen kepemilikan tanah berbentuk girik menjadi Surat Hak Milik (SHM) atau Hak Guna Bangunan (HGB), maka pemegang hak tersebut akan memperoleh jaminan hukum yang semakin solid terhadap properti miliknya.

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The Top 10 Richest Neighborhoods in California for 2025

California is well-known for its opulent and upscale communities that draw the global elite and wealthy. The state’s status as a haven for celebrities and millionaires is due to its thriving economy fueled by tech, entertainment, and financial sectors. However, which areas are the wealthiest areas in California for residing ?

In the wealthiest areas of California, you'll find meticulously kept roads and green spaces along with access to premier educational institutions and leisure amenities. The locals reside in expansive houses featuring generous outdoor areas, sweeping vistas, and a strong sense of safety and privacy.

What are the wealthiest areas in California for residing?

The following listing of affluent areas within California ranks these locations according to their high-end facilities, premium retail outlets, fine dining choices, as well as the median cost of homes. This data has been compiled using information provided by Property Club and Norada Real Estate. Below you will find an enumeration of some of the wealthiest communities in California:

Richest neighborhood	Median home price
Pacific Palisades	$3.97 million
Bel Air	$4.0 million
Beverly Glen	$1.8 million
Brentwood	$834,956
Playa Vista	$1.3 million
Westchester	$794,500
West Hills	1.1 million
Venice	$2.7 million
Porter Ranch	$1.3 million
Encino	$1.6 million

1. Pacific Palisades

Considered as one of the wealthiest areas in California, Pacific Palisades is strategically situated on the western edge of Los Angeles, nestled between the Santa Monica Mountains and the vast expanse of the Pacific Ocean. Its idyllic environment, highlighted by breathtaking views of the sea, contributes significantly to making this locale particularly appealing to well-heeled inhabitants.

The area is renowned for its plethora of multi-million-dollar homes, where the typical sale price for a house hovers around $3.97 million. Pacific Palisades provides an exceptional standard of living thanks to its top-notch facilities.

This encompasses parks, hiking paths, and the well-liked Palisades Village for shopping and dining. The community is renowned for its top-notch educational institutions, drawing families who are ready to invest extra to reside in this locality.

2. Bel Air

Bel Air stands out as one of the most costly areas in California because of its exclusiveness, opulent mansions, and esteemed status. The neighborhood boasts spacious home sites, high-end residences, and an illustrious past.

This area forms part of the Platinum Triangle of Los Angeles, which includes Beverly Hills and Holmby Hills, renowned for its expensive properties. Bel Air features opulent residences larger than 100,000 square feet, drawing wealthy inhabitants and famous personalities.

The appeal of this region is heightened by its position within the Santa Monica Mountains, its warm-summer Mediterranean climate, and its closeness to high-end facilities.

3. Beverly Glen

Beverly Glen stands out as one of the wealthiest areas in California because of its distinctive mix of elements that enhance both its appeal and rarity.

Nestled in the center of Los Angeles, Beverly Glen gives inhabitants easy access to the city’s attractions, recreational facilities, and commercial hubs while offering privacy and an exclusive atmosphere.

Beverly Glen benefits from access to some of the finest educational institutions in the region, making it an attractive choice for families seeking a premium living environment. Additionally, the community boasts considerable wealth with a median household income exceeding $311,000, suggesting robust economic conditions and a thriving housing sector.

4. Brentwood

Brentwood stands out as one of the wealthiest cities in California due to its closeness to the San Francisco Bay Area. This region is renowned for its robust tech sector and thriving economic environment.

Brentwood boasts an abundance of upscale automobile retailers such as Mini, Porsche, and Audi, which help place it among the wealthiest small towns in the United States. The area’s households have a median income of $133,304, with homes valued at a median of $489,700.

5. Playa Vista

Playa Vista is a Californian neighborhood known for its affluent population, steep property values, and distinctive attributes. This area has a median home price of $1,657,979, making it pricier compared to many other neighborhoods both within California and across the United States.

In Playa Vista, the typical rent amounts to $5,618, placing it above 98% of Californian communities. This area’s prosperity stems from its high-end real estate, eco-friendly initiatives, significant technology industry influence, excellent pedestrian accessibility, and vibrant communal spirit. Such attributes render it an exceptionally sought-after location for residence.

6. Westchester

Westchester is a district within the city limits of Los Angeles. Known for being among the more affluent regions in the state, Westchester owes much of this status to its advantageous proximity to significant urban centers such as the Los Angeles International Airport (LAX).

The typical household income in Westchester stands at $408,000, showcasing the region’s wealth. Property listings generally begin at approximately $5 million, with some properties occasionally listing for as high as $10 million to $15 million.

7. West Hills

Located within the San Fernando Valley in Los Angeles County, West Hills stands out as one of California’s most affluent areas. With a median household income reaching $135,871, which significantly surpasses the national average, West Hills ranks in the top 2% nationally.

West Hills boasts a strategic position, situated just half an hour from Downtown Los Angeles. This easy access to prominent urban centers adds to its appeal as a desirable residence for wealthy individuals looking for ease of movement and closeness to city facilities.

8. Venice

Venice, a seaside district within Los Angeles, California, has evolved through time from an artistic haven into one of the most desirable and affluent areas in the state.

A half-mile segment between Venice and Westminster along Abbot Kinney represents the core of Venice’s revitalization. This formerly rough neighborhood has been transformed into an area featuring luxury stores, fashionable cafes, and expensive dining establishments.

The typical home price in Venice has surged to almost $1.6 million, outpacing numerous other areas within Los Angeles. Additionally, the area’s median household income has increased to $152,527.

9. Porter Ranch

Situated in the San Fernando Valley, Porter Ranch stands as one of California’s most affluent areas. More than half of the households in this region—specifically at least 52%—bring in an annual income exceeding $100,000. Property values in Porter Ranch have surged past the $1 million mark for a typical house, which can cost anywhere between $700,000 and $3 million.

Porter Ranch provides numerous facilities such as parks, malls, and golf clubs designed for an upscale living experience. Its suburban, enclosed environment along with opportunities for outdoor activities attracts many well-heeled inhabitants.

10. Encino

Encino boasts a high median household income along with costly property values. The typical home in Encino is valued at around $2.6 million, making it pricier than 97.1% of areas in California and 99.5% of regions across the U.S.

Encino has a median household income of $117,836, which serves as a significant marker of economic well-being in the area. The neighborhood is home to highly regarded educational institutions, including both public and private schools. This makes Encino an attractive choice for families looking to provide their children with excellent schooling opportunities.

Final word

The top 10 wealthiest areas in California include Pacific Palisades, Bel Air, Beverly Glen, Brentwood, Playa Vista, Westchester, West Hills, Venice, Porter Ranch, and Encino. Known for their opulent lifestyles, elite enclaves, and substantial average household earnings, these locales stand out.

.co.ke featured an article highlighting the top areas in Seattle suitable for both families and young professionals. Situated within King County, Washington, Seattle stands as a major urban center in the Pacific Northwest region.

With a population exceeding 734,603, it ranks as the 15th most populous city in the U.S. If you're wondering about the best neighborhoods in Seattle for young professionals and families, discover them here.

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Historic Racecourse Poised for Public Ownership

As part of a contentious $1 billion proposal, taxpayers might acquire ownership of an iconic racetrack to transform the location into a "mini city" featuring numerous residences.

The New South Wales government may have the opportunity to acquire the historic Rosehill Gardens racecourse in west Sydney, which is over 140 years old, for $5 billion as part of the most recent development in the contentious plan to revamp the location.

The owner of the Australian Turf Club has submitted a final attempt at a proposal prior to an important internal ballot on the sales strategy, scheduled for early April.

The funds generated from the possible sale, which the club intends to receive through payments spread out over fifteen years, would be used for enhancing stalls and upgrading training areas at various racecourses around Sydney.

This amount would similarly be allocated toward constructing a suggested hotel at its flagship racetrack in Randwick.

Premier Chris Minns stated that the possible redevelopment of Rosehill presents a "huge chance" for Sydney, suggesting that the government might consider purchasing the location.

"It truly depends on the (turf club) members to decide the future of Rosehill — should they take this step, we can proceed to the next phase, which involves negotiations," he stated on Thursday.

These discussions were expected to be "lengthy and tedious," and the government needed to make sure that taxpayers received good value for their money, he stated.

The most recent unexpected suggestion from the turf club differs from their original submission to the government towards the end of 2023. That earlier proposal sought significant rezoning of the area with plans to sell the property to private developers.

The proposal encompassed a plan for a "compact urban center" close to Parramatta with approximately 25,000 residences supported by automated subway systems.

However, since then, the club has had an arduous journey to launch the substantial initiative.

Many prominent individuals from within the industry and members of various turf clubs have openly opposed the sale, with notable trainers like Gai Waterhouse and Chris Waller leading the charge.

The updated proposal is scheduled for a membership vote on April 3.

The club president, Peter McGauran, referred to the impending ballot as the most significant and far-reaching in the organization's history, encouraging each member to participate and express their opinion.

He stated that this proposal presents a singular chance to transform the ATC into the globe’s most economically stable racing club. statement published late on Wednesday.

The reality is that Rosehill Gardens has become an obsolete site with diminishing attendance, and this proposal could revitalize and ensure the future of the racing industry for numerous generations ahead.

Alongside internal resistance, the possible redevelopment encountered an obstacle in late 2024 due to allegations that Mr Minns did not disclose a conflict of interest stemming from his longstanding friendship with turf club official Steve McMahon.

A Liberal-headed panel brought forth these allegations after a legislative investigation into the Rosehill proposal.

In December, the Independent Commission Against Corruption determined that there was no proof of misconduct by the premier.

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