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>>
OCBC Marketing Sentosa Site to Recover Losses From $2.2B Money Laundering Case
Oversea-Chinese Banking Corp (OCBC) is putting up for sale a residential plot on Singapore’s Sentosa island, after repossessing the property from a suspect arrested in the city-state’s S$3 billion ($2.2 billion) money-laundering case.
OCBC has appointed Edmund Tie to manage… Read More>>
Industrial Facility in Singapore’s Paya Lebar Sold in $61M Deal
A light industrial building in Singapore’s Paya Lebar area is being sold for S$81.18 million ($60.6 million) as investors continue to pay up for shed sites in the land-scarce city-state.
A tender for the collective sale of the Noel Building,… Read More>>
Social Club in Singapore’s Bukit Timah to Make Way for More Housing
A private club in Singapore’s upscale Bukit Timah area is set to make way for more housing in one of the city-state’s most exclusive districts, once its lease expires in three years, as the government continues to expand housing supply.
Singapore Home Prices Crept Upwards in Q3 Despite 15% Drop in Sales
The average price of a private home in Singapore rebounded in the third quarter, recording a 0.5 percent uptick compared to the preceding three month period, despite a 15 percent drop in the quantity of homes sold and a barrage… Read More>>
Perennial to Invest $167M After Winning Tender for Singapore’s First Assisted Living Project
Perennial Holdings is planning to invest S$225 million ($167 million) for its initial venture into Singapore’s healthcare real estate sector after winning a public tender for the city-state’s first private assisted living development.
The developer controlled by local billionaire Kuok… Read More>>
Singapore Boosts Stamp Duty by Up to 100% to Cool Home Prices
After housing costs rose by more than 11 percent in the last year, including a 3.2 percent jump in in the first quarter, Singapore regulators shocked the market late Wednesday with their strictest property cooling measures yet – including doubling… Read More>>
Singapore Private Home Prices Jump 3.2% in Q1, Up 28% Since 2020
Singapore private housing prices rose for a 12th straight quarter during the period from January through March, with the cost of buying a new home jumping 3.2 percent from the final months of 2022, according to preliminary government statistics released… Read More>>
Singapore’s UOL Clinches East Coast Residential Site For $295M
A joint venture between UOL Group and its Singapore Land Group subsidiary won a residential project in Singapore’s East Coast for S$392.18 million ($295.39 million) and now plans to redevelop the project into as many as 250 luxury homes, the… Read More>>
First Residential Plot in Singapore’s Marina South Expected to Sell for Up to $880M
The first residential site to be auctioned off in the southernmost portion of Singapore’s Marina Bay financial district may fetch bids as high as S$1.2 billion ($880 million), even as escalating costs and interest rates may limit developer participation, according… Read More>>