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>>
M&G Buying Four Singapore Car Showrooms From Cycle & Carriage
M&G Real Estate has agreed to acquire four car showrooms in Singapore from auto distributor Jardine Cycle & Carriage (JC&C) for an undisclosed sum, according to industry sources who spoke with Mingtiandi.
UK-based M&G signed a sale and purchase agreement… Read More>>
Watch Retailer Buys Office Floor Along Singapore’s Orchard Road for $34M
A Singapore watch retailer has decided it’s time to own office space, and has sprung for an entire floor of an office building near Singapore’s Orchard Road shopping belt for S$49 million ($34.42 million).
Cortina Holdings, a Singapore-based distributor of… Read More>>
ESR Buys Out Mitsui Stake in ESR-Logos REIT as Trust Sells SG Property for $25M
ESR Group is acquiring a minority stake in the manager of ESR-Logos REIT from Japan’s Mitsui & Co as the Hong Kong-listed logistics giant takes virtually full control of the entity just four months after the enlarged trust was formed… Read More>>
Singapore’s LHN Buys Two Hotels in One Week to Expand Co-Living Portfolio
LHN Group has made back-to-back acquisitions worth a total of S$36.4 million ($25.4 million) in Singapore within a week as the real estate firm takes on more hotel conversion projects to grow its co-living portfolio.
The SGX-listed asset manager entered… Read More>>
NTUC Selling 16 Collyer Quay in Singapore to China’s Bright Ruby for $717M
Bright Ruby Resources, an investment firm backed by Chinese billionaire Du Shuanghua, has won the tender for 16 Collyer Quay, picking up the Raffles Place office tower from NTUC Income for approximately S$1 billion ($717.2 million), according to multiple sources… Read More>>
Boustead Projects JV Picks Up Sin Capital’s Orchard Road Tower for $371M
A joint venture led by developer Boustead Projects has agreed to acquire a mixed-use building near Singapore’s swanky Orchard Road for S$515 million ($371 million), taking advantage of a distressed-asset sale to pick up a prime property at a discount.
Singapore’s NTUC Nears Sale of $3.7B in Retail, Office Assets
Singapore’s NTUC Enterprise Co-operative Ltd is close to selling off the majority of its Singapore real estate portfolio with its property arm marketing S$4.15 billion ($3 billion) in suburban malls at the same time that its insurance division is mulling… Read More>>
Singapore’s Lian Beng Buys Industrial Building Near Paya Lebar for $36M
The family behind Singapore’s Lian Beng Group is on the move with two generations of the Ong clan announcing deals this past week, including an S$49.25 million ($35.67 million) purchase near Paya Lebar revealed on Friday.
Singapore-listed Lian Beng told… Read More>>
Perennial, Sino Land, Far East JV Buying Singapore’s Golden Mile for $505M
Perennial Holdings has teamed up with Far East Organization and its Hong Kong-based sister firm Sino Land to buy the Golden Mile Complex in Singapore for S$700 million ($505 million), as they plan to transform the iconic property into an… Read More>>
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