A consortium led by SingHaiyi Group has agreed to acquire an ageing condo complex on Singapore’s Upper East Coast for S$880 million ($692 million), stepping in after a public tender for collective sale of the redevelopment project failed to attract… Read More>>
Court Clears UOL, CapitaLand to Complete $637M Purchase of Singapore Condo Complex
A joint venture of UOL and CapitaLand Development is a step closer to the collective purchase of a Singapore condo complex for S$810 million ($637.4 million) after the city-state’s High Court granted a sale order on Tuesday.
The collective sale… Read More>>
Centurion Shares Spike as SGX REIT IPO Plan Moves Forward and More Asia Real Estate Headlines
Singapore developer Centurion announces its application for an SGX-listed REIT, with that story leading today’s headline roundup. In other news, Blackstone wins approval to buy a 40 percent stake in an Indian homebuilder and property tycoon Ong Beng Seng prepares… Read More>>
Country Garden Creditors Warn of Deal Breaker in Debt Talks and More Asia Real Estate Headlines
Creditors push back against Chinese builder Country Garden’s debt restructuring proposal, with that story leading today’s headline roundup. Also making the list, Sunac wins backing from bondholders for its debt workout and a collective sale in Singapore falls flat.
Singapore Apartment Complex Sells for $41M as Housing Market Surges
An apartment complex in Singapore’s posh River Valley area has sold for the full asking price weeks after going to market, as home sales in the city-state continue to surge.
River Valley Apartments on River Valley Road in District 10… Read More>>
Singapore Luxury Residential Site Hits the Market at $41M After Q4 Housing Rebound
With sales of new private homes in Singapore rising 25 percent in the fourth quarter from the preceding three months, the owners of an aging apartment block in one of the city-state’s priciest areas are hoping that developers have a… Read More>>
Ong Beng Seng Buys Out Orchard Road Complex for $618M in Year’s Biggest Collective Sale
Hotel Properties Ltd has acquired the Concorde hotel and mall complex on Singapore’s Orchard Road for S$821 million ($618.7 million), setting the stage for the property’s redevelopment amid a government-led rejuvenation drive in Southeast Asia’s best-known shopping belt.
HPL’s bid… Read More>>
UOL Teams With CapitaLand to Buy Singapore Condo Complex for Reduced $612M
A joint venture of UOL and CapitaLand has signed an option agreement for the collective purchase of a Singapore condo complex for S$810 million ($611.7 million), with the two heavyweights set to pick up the property at an 11.8 percent… Read More>>
Fragrance Group Buys Singapore’s Katong Plaza for $139M in Rare Collective Sale Win
Fragrance Group has acquired Singapore’s Katong Plaza for S$180 million ($139 million), market sources confirmed to Mingtiandi, with the owners of the retail-residential asset notching a collective sale win on their fourth attempt amid a quiet season for en bloc… Read More>>
Singapore’s Roxy Square Up for Collective Sale at $930M
The owners of Roxy Square in Singapore’s Katong area have launched a collective sale of the mixed-use complex at a minimum price of S$1.25 billion ($930 million), seeing an opportunity to fill a gap in the market for combined residential… Read More>>
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