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Changi City Point sold for $338 million

Shaun Poh • 30/08/2023

Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm is pleased to announce that it has successfully brokered the sale of Changi City Point at 5 Changi Business Park Central 1, Singapore (the “Property”) for $338 million.

The Property is a three-storey retail mall (with one basement) located in Changi Business Park, next to the Singapore Expo MRT station and near the Singapore Expo.

Mr. Shaun Poh, 傅子伟, Executive Director of Capital Markets at Cushman & Wakefield said, “Despite the rising interest rate environment, we continue to see investors favouring retail assets, especially the good quality and sizable suburban malls like Changi City Point given the positive rental outlook and scarcity of such assets.”

Recent Press Releases

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Asia Pacific on track to overtake United States as the largest colocation data centre market before 2030

The Asia Pacific region is on track to overtake the United States as the largest colocation data centre market by both capacity and rental revenue before 2030, according to analysis from Cushman & Wakefield.

Amy Kathleen Kelly • 24/06/2025

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Downsizing eases as average lease sizes grow, according to global occupier report

More businesses are taking on larger leases as the era of downsizing slowly turns a corner, according to a report from global real estate services firm Cushman & Wakefield.

Amy Kathleen Kelly • 19/06/2025

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Malaysia, Thailand, Japan set pace on Asia Pacific data centre construction per capita through end of decade

Malaysia’s strong data centre development pipeline will see its population per megawatt ratio consolidate faster than any other Asia Pacific market between now and the end of the decade, with Thailand and Japan seeing the second and third fastest rates of consolidation, according to a new report from global real estate services firm Cushman & Wakefield.

Amy Kathleen Kelly • 12/06/2025

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Cushman & Wakefield Appoints Sona Aggarwal as Managing Director, Head of Retail Sales and Strategy, Asia Pacific

Cushman & Wakefield, a leading global real estate services firm, is pleased to announce the appointment of Sona Aggarwal as Managing Director, Head of Retail Sales and Strategy, Asia Pacific.

Chek Yee Foo • 11/06/2025

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Cushman & Wakefield Strengthens its Leadership Team for Project & Development Services in Singapore and Southeast Asia

Cushman & Wakefield is pleased to announce a senior promotion and three new leadership appointments within its Project & Development Services (PDS) business across Singapore and Southeast Asia.

Chek Yee Foo • 22/04/2025

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Cushman & Wakefield Names Matthew Bouw Chief Executive, APAC & EMEA

Cushman & Wakefield (NYSE: CWK) announced today the appointment of Matthew Bouw as Chief Executive, APAC & EMEA, effective from 1 May 2025. 

Richard Coleman • 16/04/2025

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Over US $100 billion needed to fund Asia Pacific data centre pipeline in the coming five to seven years:

APPROXIMATELY US $116 billion will be needed to build out the existing colocation data centre pipeline across Asia Pacific in the coming five to seven years.

Amy Kathleen Kelly • 27/02/2025

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More pragmatic approach to esg needed to help building owners, investors, occupiers transition from brown to green

Cushman & Wakefield has launched a series of how-to guides to provide building owners and occupiers with practical, step-by-step advice on transitioning to greener buildings.

Amy Kathleen Kelly • 19/10/2023

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