The Singapore government has set out plans to rejuvenate the city’s Orchard Road commercial strip, and an evangelical church is now contributing to that effort by giving one of the city’s most notorious night spots a chance to be born… Read More>>
Ong Beng Seng’s HPL 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>>
Pair of Orchard Road Floors Sell for $53M to Set New Singapore Record
Just two weeks after a new price record was set for a commercial floor on Singapore’s Orchard Road, a two-floor transaction at S$4,988 ($3,896) per square foot has shattered that market benchmark for office space in the Lion City.
Luxury… Read More>>
Ong Beng Seng’s HPL Leads Sale Effort for Orchard Road Hotel Complex
Just over one year after winning provisional approval to redevelop a trio of buildings at the west end of Singapore’s Orchard Road, Ong Beng Seng’s Hotel Properties Ltd is poised to sell a commercial complex along the eastern portion of… Read More>>
Orchard Road Office Floor Trades for $24M as Singapore Strata Market Heats Up
An Orchard Road office floor has sold to a local healthcare group for S$31.3 million ($24 million), deal broker Savills confirmed Friday, as Singapore’s strata market shows signs of picking up amid a broader commercial real estate recovery.
Parkway Hospitals… Read More>>
TE Capital, LaSalle JV Sells Pair of Orchard Road Floors in Singapore
Just over a half-year after closing on the $331 million purchase of a commercial building in Singapore’s Orchard Road area, a joint venture of private equity shop TE Capital Partners and LaSalle Investment Management has sold a pair of floors… Read More>>
Owners Reject Bid for Far East Shopping Centre on Singapore’s Orchard Road
For the second time in three months, an attempted collective sale of Far East Shopping Centre has collapsed at the last hurdle, with owners rejecting an offer of roughly S$880 million ($654.5 million) for the strata-title property on Singapore’s Orchard… Read More>>
CDL Buying Singapore’s Delfi Orchard for $326M on Way to Redevelopment Project
Singapore’s City Developments Ltd is on its way to adding one more redevelopment project to a rapidly transforming Orchard Road after winning a tender for a commercial building along the city-state’s famed shopping street.
The developer known as CDL was… Read More>>
Mall on Singapore’s Orchard Road Said to Receive Offer From Indonesian Developer
Less than two months after a mainland Chinese buyer walked away from a deal to buy the Far East Shopping Centre on Singapore’s Orchard Road, the committee representing the owners of the strata-title property has received a new offer said… Read More>>
TE Capital, LaSalle Setting a New Singapore Benchmark With Visioncrest Orchard Sponsored Feature
Singaporean real estate investment and development manager TE Capital Partners, together with its joint venture partner LaSalle Investment Management, is launching an asset enhancement program at Visioncrest Orchard, which they acquired earlier this year, to improve the property’s green credentials… Read More>>
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