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Richard van Den Berg

M&G Completes $248M Purchase of Four Singapore Auto Facilities From Cycle & Carriage 

2023/03/07 by Beatrice Laforga Leave a Comment

M&G Real Estate has completed its purchase of four car showrooms in Singapore from auto distributor Jardine Cycle & Carriage (JC&C) for a combined S$333 million ($248 million), in the city-state’s largest industrial deal in nearly four years.

“The attraction… Read More>>

LHN Buys $60M Office Block Near Singapore Management Uni for Co-Living Venture

2023/02/13 by Beatrice Laforga Leave a Comment

Singapore-listed LHN Group continues to add properties to its rental residential portfolio with a deal to purchase a commercial block in the city-state’s Rochor district for S$80 million ($60.1 million), which was revealed in a regulatory filing on Friday.

LHN’s… Read More>>

Matthew Ong, CEO of SLB Development

Singapore’s SLB Buys South Bridge Road Commercial Assets From Hwa Hong for $10M

2023/02/06 by Beatrice Laforga Leave a Comment

Singapore-listed builder SLB Development has picked up a pair of low-rise office buildings between the city-state’s Boat Quay and Clarke Quay areas with plans to renovate or redevelop the ageing assets near the Singapore River, Mingtiandi has learned.

The property… Read More>>

Frasers Group JV Buys Half-Stake in Mercatus Singapore Mall for $497M

2023/01/27 by Beatrice Laforga Leave a Comment

The manager of Frasers Centrepoint Trust and its sponsor, Singapore-listed property developer Frasers Property, have teamed up to acquire a 50 percent stake in the largest mall in northeast Singapore from Mercatus Co-operative Ltd for S$652.5 million ($497 million).

FCT’s… Read More>>

Singapore Trade Union Buys Six Shophouses on Serangoon Road For $48M

2023/01/26 by Beatrice Laforga Leave a Comment

A union affiliated with Singapore’s National Trades Union Congress (NTUC) has purchased a block of six shophouses along Serangoon Road for S$62.5 million ($47.65 million), according to public records seen by Mingtiandi.

The row of two-storey freehold properties at 322-332… Read More>>

Chinatown Point

Office Floor in Singapore’s Chinatown Point Sold For $13M

2023/01/24 by Beatrice Laforga Leave a Comment

An office floor in a commercial block within Singapore’s Chinatown area has changed hands for S$17.38 million ($13.2 million) as investors continue snap up bite-sized opportunities in the city’s office market.

Inter-premium Corporation, a Singapore-registered real estate firm, sold the… Read More>>

Robinson Point in Singapore

Viva Land Marketing Singapore Assets at 10% Off After Vietnam Fraud Arrests

2023/01/20 by Beatrice Laforga Leave a Comment

After setting Singapore price records with its purchases of an office tower and a five-star hotel along Robinson Road, Viva Land is seeking to unload both assets for around S$670 million ($506.7 million), according to market sources.

The urgent sale… Read More>>

Southpoint Tanjong Pagar

Office Units in Singapore’s Tanjong Pagar Sell for $25M in Record-Breaking Deal

2023/01/18 by Christopher Caillavet Leave a Comment

A mere month after an Orchard Road commercial building set a new city-wide mark, an office tower in downtown Singapore has recorded its highest-ever price paid per square foot after a set of strata units in the building sold for… Read More>>

George Hongchoy, Executive Director & Chief Executive Officer, Link REIT

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>>

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>>

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LaSalle Investment Management on Wednesday announced the promotion of Kunihiko (Nick) Okumura to succeed Keith Fujii as … Read More>>

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Generational change leads this week’s set of personnel moves from Asia’s real estate community with 94-year-old tycoon … Read More>>

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