Chinese-backed investor Bright Ruby Resources has walked away from the largest property deal signed in Singapore during 2023, cancelling its planned S$908 million ($668 million) purchase of a shopping mall on Orchard Road after failing to win government approval to… Read More>>
Singapore Investment Volume Could Top S$25B in 2024: Cushman & Wakefield
Total investment sales in Singapore’s real estate market could surpass S$25 billion ($18.5 billion) this year, up from S$19.2 billion in 2023, amid brighter economic prospects and growing confidence that interest rates have peaked, according to Cushman & Wakefield.
Investment… Read More>>
LHN’s Coliwoo Sets Up $35M JV With Oxley Boss, Wins Bukit Timah Project Tender
LHN Group’s Coliwoo co-living unit has formed a S$48 million ($35.6 million) joint venture with the boss of local builder Oxley and his son to acquire a building in central Singapore’s museum district.
The four-storey building known as Wilmer Place… Read More>>
Singapore’s NTUC Selling Commercial Building Near Dhoby Ghaut for $109M
Singapore’s NTUC Enterprise is continuing the sell-down of its property holdings with a deal to dispose of an office building near Dhoby Ghaut MRT interchange for S$147 million ($109 million), according to sources familiar with the transaction who spoke with… Read More>>
Activist Investor Admits Errors in Sabana REIT Manager Fight in Settlement with ESR
Activist investor Quarz Capital, which last year helped persuade investors in SGX-listed Sabana REIT to internalise the trust’s manager, now admits that the cost savings estimates it used to sell that campaign to investors were “incorrect and an error”.
Having… Read More>>
CDL-Mitsui JV Places Sole Bid of $820M for Singapore’s First Rental Housing Project
A joint venture between City Developments Ltd and Japan’s MItsui Fudosan placed the sole bid for a site in Singapore’s posh District 10, positioning the partners to develop a mixed residential and commercial project which includes the city-state’s first land… Read More>>
Singapore Downtown Office Rents Revived in Q1 to Reach 15-Year High: JLL
After a brief slump in the second half of 2023, office rents in downtown Singapore jumped 1.3 percent on a quarterly basis in the first three months of 2024 to hit a 15-year high, according to JLL.
Gross effective rents… Read More>>
OCBC to Redevelop Singapore Headquarters into Raffles Place Super-Project
Oversea-Chinese Banking Corp (OCBC) is planning to redevelop a trio of buildings near Raffles Place that make up the bank’s headquarters, in a move which could add a new mixed-use complex to Singapore’s central business district.
The OCBC Centre at… Read More>>
Singapore Private Home Price Growth Slows to 1.5% as Q1 Sales Dive
Singapore’s price index for private residential properties slowed to 1.5 percent growth in the first quarter of 2024 from a 2.8 percent rise in the previous three months, according to the Urban Redevelopment Authority’s flash estimates.
A 20 percent quarterly… Read More>>
C&W Promotes Natalie Craig to Singapore CEO, Noral Wild to Lead Australia
Cushman & Wakefield has named Natalie Craig as country CEO for Singapore and Noral Wild as CEO for Australia and New Zealand, with both appointments effective from 1 April.
The newly created roles bring the two countries into alignment with… Read More>>
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