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>>
Hong Kong’s Crane Capital Buys Out Singapore Shophouse Specialist 8M
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 Tightens Rules on Foreign Property Ownership in Latest Market Restriction
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
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>>
Reopening Boosts Hong Kong Home Prices and More Asia Real Estate Headlines
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
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>>
Adani Loses $9.4B in Value on Short-Sale Report and More Asia Real Estate Headlines
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>>
SilkRoad Buys 14 Central Singapore Shophouses for $80M
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>>
Row of Singapore Shophouses Sells for $50.6M and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a row of shophouses in Singapore’s Lavender Street sells for $50 million as an entire floor at the Suntec City office complex hits the market. Meanwhile, Frasers Hospitality Trust lays out contingency plans… Read More>>
Set of Heritage Shophouses on Singapore’s Club Street Sell for $18.6M
ABR Holdings is buying a row of heritage commercial buildings on Singapore’s Club Street from entities linked to Citystate Group for a total of S$25.88 million ($18.61 million), according to a joint announcement on Tuesday.
A subsidiary of the SGX-listed… Read More>>