The growing role of Middle Eastern money in global real estate markets leads today’s list of real estate headlines from around Asia, as Singapore’s Mapletree opens up in Abu Dhabi. Also making the list is India’s Embassy REIT and bargain… Read More>>
GuocoLand, Hong Leong Commit $222M to Development of Northern Singapore Site
GuocoLand and Hong Leong Holdings have agreed to commit S$298.1 million ($222.5 million) to develop a northern Singapore residential site won by their joint venture earlier this year.
Malaysia’s GuocoLand, a unit of the Hong Kong-listed Guoco Group controlled by… Read More>>
Singapore’s URA Awards Pair of Projects, Launches Two More, Despite Low Bids, Slow Sales
Singapore’s Urban Redevelopment Authority made a pair of announcements on Tuesday set to further expand home supply in the city-state, despite its own figures showing sales of private housing falling 6 percent in the first quarter, compared to the same… Read More>>
GuocoLand-Hong Leong Lentor JV Leads Singapore Home Sales Rebound in March
New private home sales in Singapore climbed 46 percent year-on-year to 718 units in March, snapping two months of decline as a new project by GuocoLand and Hong Leong Holdings accounted for nearly 57 percent of the monthly total.
Lentor… Read More>>
CDL-Mitsui JV Places Sole Bid of $820M for Singapore’s First Rental Housing Project
A joint venture between City Developments Ltd and Japan’s MItsui Fudosan placed the sole bid for a site in Singapore’s posh District 10, positioning the partners to develop a mixed residential and commercial project which includes the city-state’s first land… Read More>>
GuocoLand, Hong Leong, Mitsui JV in $574M Sole Bid for Site in Singapore’s Marina South
A site in Singapore’s western suburbs fetched richer offers than a plot in the city-state’s downtown on Thursday, as interest rates put prime land outside of the reach of many developers and home purchase restrictions crimp the market for high-end… Read More>>
Singapore’s First Housing Launches of Second-Half Meet Cooler Buyer Reception
After Singapore home prices dropped for the first time in over three years during the second quarter, the first major project launches of 2023’s second half met with cooler responses from homebuyers facing new prospects for housing choice in what… Read More>>
Cautious Bidding Predicted for Singapore Site as URA Accepts Bargain Lentor Tender
Singapore’s Urban Redevelopment Authority (URA) has launched a tender for a sixth residential plot in an emerging estate in Ang Mo Kio, with the government confirming the upcoming sale of its latest Lentor Central site just one day before finalising… Read More>>
GuocoLand-Hong Leong JV Sole Bidders as Singapore Site Draws $367M Record Low Offer
A joint venture between Malaysia’s GuocoLand and its Singapore cousins at Hong Leong Holdings placed the sole bid in a government tender for a residential plot in the northern part of Singapore’s Ang Mo Kio area, with the low-ball S$486.8… Read More>>