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NEX Mercatus

Frasers Group JV Buys Half-Stake in Mercatus Singapore Mall for $497M

2023/01/27 by Beatrice Laforga Leave a Comment

The manager of Frasers Centrepoint Trust and its sponsor, Singapore-listed property developer Frasers Property, have teamed up to acquire a 50 percent stake in the largest mall in northeast Singapore from Mercatus Co-operative Ltd for S$652.5 million ($497 million).

FCT’s… Read More>>

Singapore Trade Union Buys Six Shophouses on Serangoon Road For $48M

2023/01/26 by Beatrice Laforga Leave a Comment

A union affiliated with Singapore’s National Trades Union Congress (NTUC) has purchased a block of six shophouses along Serangoon Road for S$62.5 million ($47.65 million), according to public records seen by Mingtiandi.

The row of two-storey freehold properties at 322-332… Read More>>

Cui Zhengfeng Kingsford

Chinese Builders Kingsford, MCC Buying Singapore Project for $637M

2022/07/18 by Beatrice Laforga Leave a Comment

Kingsford Development has teamed up with a unit of state-owned conglomerate Metallurgy Corporation of China, to sign a deal for Singapore’s largest en bloc sale so far this year after making a S$890 million ($637.2 million) offer.

A notice sent… Read More>>

zhenro buliding

China’s Zhenro to Default on $300M in Bonds and More Asia Real Estate Headlines

2022/06/01 by McDowell Ramintas Leave a Comment

In today’s roundup of regional news headlines, China’s Zhenro Properties is set for another offshore bond default, the property arm of Hong Kong’s Nan Hai suspends all staff for six months amid financial woes, and a pair of Singapore condo… Read More>>

Nicholas Mak of ERA Real Estate

Singapore Complex Back on the Market at Same Price Just Four Months After Failed Sale

2022/03/16 by Beatrice Laforga 2 Comments

Homeowners in a condo complex near Singapore’s Ang Mo Kio area are making their second attempt at collective sale in four months as investors remain confident in developer demand for land despite cooling measures introduced in December.

“We are reasonably… Read More>>

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