Campfire founder Albert Fung and his crew have signed their biggest lease ever in Singapore
Singapore stories figure heavily into our collection of real estate news from around the region as one of the Asian financial hub’s homegrown shared space operators opens its biggest location ever near Raffles Place and the Lion City’s former head of public housing joins the crowd of people suggesting that Hong Kong may not need to fill in the harbour just to find homes for its people. Read on for all these stories and more in our daily news round-up.
HK’s Campfire Leases 16-Storey Building in SG
Hong Kong-based co-working outfit Campfire Collective is muscling in on Singapore’s shared office space, with the start-up announcing it has leased all 16 floors at 139 Cecil Street.
The site is currently an 11-storey building undergoing major renovation to add five more floors, which Campfire said includes a roof terrace with an “industry-first sky pool, rooftop bar, outdoor dining area and cabanas” for members. Read more>>
Northern SG Condo Project Tries for S$780M Collective Sale
Elias Green is the latest condominium to hit the en bloc market in search of a buyer. PropNex Realty’s Richard Hau said that the owners of the 419-unit Pasir Ris condo launched a public tender for the site on Monday (Oct 29) with a S$780 million reserve price.
This means that the owners of the 516,877 sq ft development could each walk away with S$1.7 million to just below S$2 million. Read more>>
Former SG Housing Head Says HK Govt Needs Public Trust
The Hong Kong government should strengthen its ability to claim private land for the city’s development by showing the public that the land will be used for their benefit, said Liu Thai Ker, known as the father of Singapore’s city planning.
Liu, 80, was speaking to the Post on the sidelines of the International Conference on New Global Cities in Nanjing on Monday. Read more>>
Mandarin Oriental Wangfujing to Open in 2019
Mandarin Oriental will open its first hotel in Beijing early next year. The Mandarin Oriental Wangfujing takes its name from the city’s Wangfujing district in which it is located and is seamlessly connected to WF Central, Hongkong Land’s recently opened shopping mall.
The 73-room boutique hotel is located on the upper two floors of WF Central with rooms that are a minimum of 55 sqm, which will be among the largest in Beijing, many with views towards the Forbidden City. Read more>>
Colliers Appointed to Lease 183 Historic SG Bungalows
Colliers International announced yesterday that it has been appointed by the Singapore Land Authority to lease and manage 183 black-and-white heritage bungalows across various Singapore neighbourhoods.
The bungalows under Colliers’ care range in land area from 800 to 13,200 sq m and are located in various exclusive residential neighbourhoods including Adam Park, Holland Road, King Albert Park, Tanglin Road and Watten Estate Road. Read more>>
Frasers Property Australia Starts Own Energy Retailer
Frasers Property Australia has branched out into energy provision, establishing a licensed Australian energy retailer, Real Utilities, to generate energy for the group’s master-planned communities.
The retailer, which sits as a separate business within Frasers group, owns and manages energy infrastructure to provide a combination of renewable energy – mostly solar – and certified carbon offsets to provide carbon-neutral energy to housing community residents and businesses. Read more>>
Tune in again tomorrow for more news, and be sure to follow @Mingtiandi on Twitter, or bookmark Mingtiandi’s LinkedIn page for headlines as they happen.
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