Singapore has made seven industrial sites spanning 6.36 hectares (15.7 acres) eligible to be put on the auction block in the second half of 2022, in what would be the largest half-year government land sale programme for the sector in… Read More>>
Angelo Gordon JV Closes in on $570M Sale in Singapore’s Bugis Area
Singapore’s office market continues to heat up with two towers in the city-state’s downtown area nearing sales at a combined S$790 million ($570 million), including a property in the Bugis area which Sun Venture is close to buying from an… Read More>>
Singapore CBD Office Rents Neared Pre-COVID Peak in Q2 Says JLL
Grade A office rents in Singapore’s central business district have recovered to within striking distance of their pre-pandemic peak and could exceed that level soon, according to research by JLL.
Gross effective rents for Grade A office space in the… Read More>>
Boustead Projects JV Picks Up Sin Capital’s Orchard Road Tower for $371M
A joint venture led by developer Boustead Projects has agreed to acquire a mixed-use building near Singapore’s swanky Orchard Road for S$515 million ($371 million), taking advantage of a distressed-asset sale to pick up a prime property at a discount.
UOBKH Says Sweetened Bid for Ong Family’s Hwa Hong Could Be Topped
UOB Kay Hian says the latest takeover bid for Hwa Hong Corporation is fair and reasonable, and while noting that recent moves by the SGX-listed firm’s board might help to boost value or bring a higher offer, recommended that shareholders… Read More>>
Singapore’s NTUC Nears Sale of $3.7B in Retail, Office Assets
Singapore’s NTUC Enterprise Co-operative Ltd is close to selling off the majority of its Singapore real estate portfolio with its property arm marketing S$4.15 billion ($3 billion) in suburban malls at the same time that its insurance division is mulling… Read More>>
Tishman Speyer Appoints Graham Mackie to Lead APAC Push Beyond China and India
US developer Tishman Speyer has hired industry veteran Graham Mackie as a managing director to lead the firm’s Asia Pacific expansion strategy, with a focus on opportunities outside of Tishman’s established markets of China and India.
Mackie joins Tishman Speyer… Read More>>
AEW Snaps Up Singapore Office Tower From Sun Venture for $489M
AEW has agreed to buy an office tower in Singapore’s Jurong East from local investment firm Sun Venture for S$680 million ($488.54 million) in the latest vote of global investor confidence in the city’s rebounding office market, Mingtiandi has learned.
Singapore Heats Up as May Home Sales More Than Double Previous Month’s Tally
Developers sold 1,356 new private homes in Singapore during May, a 106 percent rise from April’s 660 units and the highest monthly figure since last November’s 1,547, according to government data released Wednesday.
The May tally of new home sales… 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>>
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