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Beatrice Laforga

Lentor-Hills-Residences Singapore

Singapore Home Price Growth Slows to 0.2% in Q4 as Market Cools 

2023/01/03 by Beatrice Laforga Leave a Comment

Limited project launches have slowed down home sales and dampened Singapore’s housing market in the fourth quarter, causing prices for new private homes to rise by a mere 0.2 percent from the preceding three months and temper full-year price growth… Read More>>

Ng Kiat MLT

Singapore’s Mapletree Logistics Trust Sells Changi Shed at 39% Premium

2022/12/29 by Beatrice Laforga Leave a Comment

Mapletree Logistics Trust is selling an ageing warehouse near Singapore’s Changi International Airport to a local furniture retailer for S$22 million ($16.34 million), freeing up cash to invest in fresh assets, according to a bourse filing late Tuesday.

The trust’s… Read More>>

George Hongchoy, Executive Director & Chief Executive Officer, Link Asset Management Limited

Link REIT Buying Mercatus Malls for $1.6B in Singapore’s Biggest Deal of 2022

2022/12/29 by Beatrice Laforga Leave a Comment

Hong Kong’s Link REIT is entering Singapore with a bang as it records the city’s largest real estate acquisition this year with a S$2.16 billion ($1.6 billion) purchase of a pair of suburban malls from Mercatus Co-operative Ltd, according to… Read More>>

EC World REIT CEO Goh Toh Sim

Singapore-listed EC World REIT Seeks Further Extension on $114M in Debt

2022/12/27 by Beatrice Laforga Leave a Comment

After failing to consummate planned divestments of a pair of Hangzhou properties, SGX-listed EC World REIT says it is now in talks with both local and foreign lenders for a further repayment extension on $114 million in debt due on… Read More>>

Guoco Midtown

Singapore Office Rent Growth Doubled in 2022, Set to Slow in New Year

2022/12/26 by Beatrice Laforga Leave a Comment

Grade A office rents in Singapore’s core business districts jumped by 8.3 percent in 2022, more than double last year’s growth rate, as vacancies fell and more employees returned to their desks, according to data from CBRE Research.

CBRE said… Read More>>

Wong Liang Kit, president of Keppel Land China

Keppel Land Exits Shanghai Apartment JV with Gemdale in $112M Sale

2022/12/21 by Beatrice Laforga Leave a Comment

A unit of Singaporean conglomerate Keppel Corp is selling its stake in a residential development project in Shanghai’s suburban Jiading district for RMB 783 million ($112.3 million), exiting the joint venture it formed two years ago with local developer Gemdale… Read More>>

Gordon Tang Singhaiyi

Chip Eng Seng Sells Aussie Hotel for $12M, Buys Out Maldives Project as Buyout Progresses

2022/12/20 by Beatrice Laforga Leave a Comment

Celine and Gordon Tang chalked up three transactions in a week, including the sale of a hotel in Australia by Chip Eng Seng as the mainland billionaire couple bids to buy out the Singapore-listed builder.

Chip Eng Seng agreed to… Read More>>

Far East Organization chief executive Philip Ng

Far East Organization Selling Western Singapore Warehouse for $89M

2022/12/19 by Beatrice Laforga Leave a Comment

Far East Organization has agreed to sell a logistics facility in Singapore’s Tuas district to a global pool manufacturer for S$120.6 million ($89.4 million), parting with its fifth and final asset from an industrial complex which it developed nearly three… Read More>>

Asok Kumar Hiranandani Royal Group

Singapore’s Hiranandani Buying Orchard Road Commercial Building in Record $127M Deal

2022/12/18 by Beatrice Laforga Leave a Comment

Singapore’s Royal Group has agreed to buy a commercial building near the city’s Orchard Road shopping strip for S$172 million ($126.7 million), setting a city-wide record high price per square foot of buildable area as it plans to redevelop the… Read More>>

Singapore Home Sales Hit Eight-Year Low as Stocks Dry Up

2022/12/15 by Beatrice Laforga Leave a Comment

Singapore’s new private home sales dropped to an eight-year low in November as developers depleted their inventories and home prices continued to rise across the city-state.

Developers’ sales, excluding executive condominiums, fell for a second month, dropping by 17.3 percent… Read More>>

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