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Satinder Garcha

Nepali Tycoon Buys Singapore Shophouse Hotel From Garcha Group for $62M

2025/05/19 by Iris Hong Leave a Comment

Upscale hotels fashioned from conserved Singapore shophouses continue to attract Asia’s ultra-wealthy, with a Nepali tycoon picking up a hostelry in the Tanjong Pagar area for S$80 million ($61.8 million) 

Lotus One Investment, a private company controlled by Chandra P… Read More>>

SHI co-founder and chairman Leo KoGuan

Indonesian-Born Billionaire Picks Up Singapore Shophouse Hotel for $75M

2025/04/06 by Christopher Caillavet Leave a Comment

An Indonesian-born, Ivy League-educated billionaire has acquired a 48-room hotel in the Boat Quay area near downtown Singapore, with market sources who spoke to Mingtiandi confirming a transaction price of S$100 million ($74.9 million).

Leo KoGuan — a software magnate… Read More>>

Jack Ma (Getty Images)

Jack Ma’s Wife Buys Shophouses in Singapore’s Tanjong Pagar at Up to $37M

2024/02/23 by Beatrice Laforga Leave a Comment

Despite stamp duties and investigations, wealthy mainland investors are still banking on Singapore properties, with the wife of the country’s best known tech tycoon having purchased a row of shophouses in the Tanjong Pagar area last month for a reported… Read More>>

Crane Capital

Hong Kong’s Crane Capital Buys Out Singapore Shophouse Specialist 8M 

2023/10/05 by Beatrice Laforga Leave a Comment

Washington State Investment Board-controlled Crane Capital has taken full ownership of Singapore property investor and manager 8M Real Estate, which specialises in shophouse investments in the Southeast Asian financial hub.

After accumulating S$1.4 billion ($1.02 billion) worth of the traditional… Read More>>

Singapore Minister for Law Shanmugam Kasiviswanathan

Singapore Tightens Rules on Foreign Property Ownership in Latest Market Restriction

2023/07/21 by Beatrice Laforga Leave a Comment

Singapore now requires foreigners to seek government approval when investing in mixed commercial and residential property, as authorities put up a new firewall attempting to insulate the local market from foreign speculators.

The Ministry of Law and the Singapore Land… Read More>>

Chinese National Buys Row of Singapore Shophouses From Razer Co-Founder for $59M

2023/06/26 by Beatrice Laforga Leave a Comment

A Chinese investor has reportedly purchased a row of six shophouses in downtown Singapore for S$80 million ($59 million) as wealthy overseas nationals continue to play a growing role in trades of small-scale commercial assets in the Southeast Asia financial… Read More>>

Deep Water Bay Hong Kong(Getty Images)

Reopening Boosts Hong Kong Home Prices and More Asia Real Estate Headlines

2023/04/26 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, Hong Kong home prices climb for a third month in a row as cross-border traffic returns, and ESR completes its latest logistics facility in Japan. Also in the news, US data centre player… 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>>

Gautam Adani

Adani Loses $9.4B in Value on Short-Sale Report and More Asia Real Estate Headlines

2023/01/25 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, the Indian conglomerate led by Asia’s richest man reels from a report denouncing the business as a con, and the property manager owned by Britain’s King Charles III takes legal action against Twitter… Read More>>

peter wittendorp silkroad

SilkRoad Buys 14 Central Singapore Shophouses for $80M

2022/07/31 by Beatrice Laforga Leave a Comment

SilkRoad Property Partners picked up a portfolio of 14 shophouses in central Singapore’s Chinatown area for over S$110 million ($80 million) in the latest acquisition on behalf of its value-add strategy, according to market insiders who spoke with Mingtiandi.

The… Read More>>

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