An index of property shares on the Singapore stock market rose by around 16 percent in the first half of 2018, but even that healthy increase hasn’t been enough to prevent Hong Kong-listed Wheelock and Company from seeking to take… Read More>>
SG Private Home Sales Dropped 42% in June as 2018 Turns From Feast to Famine for Developers
Singapore’s sales of new homes residential sales plummeted 41.7 percent in June compared to July, with the slump in transaction volumes coming just before city authorities boosted the stamp duty on home purchases by as much as 50 percent as… Read More>>
Chelsfield Said in Due Diligence for S$550M Buy of SG’s Manulife Centre From Alpha and CDL
In what would be its first Singapore deal, UK property developer Chelsfield is said to be closing in on an acquisition of the Manulife Centre on Singapore’s Bras Basah Road in the latest sign of ongoing growth in the city-state’s… Read More>>
Singapore Hikes Stamp Duty by Up to 50% After 9% Jump in Home Prices
Singapore increased the Additional Buyer’s Stamp Duty (ABSD) and lowered Loan-to-Value (LTV) limits on Thursday, slamming the brakes on its housing market after statistics released earlier in the week showed home prices having jumped nine percent in the past 12… Read More>>
HNA Sells Five Singapore Warehouses to Mapletree Logistics Trust for $535M
A unit of HNA Group has agreed to sell a set of five Singapore warehouses to Mapletree Logistics Trust for S$730 million ($535 million) less than seven months after acquiring the assets, according to an announcement by Mapletree on July 5th.
Singapore Home Prices Jump 9% in 12 Months — Set for Double-Digit 2018 Increase
Singapore residential prices rose nine percent on year and are close to all-time highs, according to a flash second-quarter price report issued by the city’s Urban Redevelopment Authority (URA) on July 2nd.
The latest jump in home prices moves the… Read More>>
Spaces Kicks Off Nine-Fold Expansion in Singapore Co-Working Centres
Co-working provider Spaces is opening five new locations in Singapore by the end of next year, taking its holdings in the country from a single site to half of a dozen shared office centres as rising rents and changing work… Read More>>
CapitaLand Commercial Trust Sells SG Office Tower for $379M
CapitaLand Commercial Trust (CCT) has chalked up Singapore’s biggest office transaction of the year by agreeing to sell Twenty Anson, a 20-storey office building in the Tanjong Pagar neighbourhood, for a total of S$516 million ($379 million).
The Singapore-listed trust,… Read More>>
Singapore Government to Boost Private Housing Pipeline By 8,040 More Homes in 2018
Singapore’s government is launching sites that can yield a total of up to 8,040 private residential units in the second half of 2018, keeping pace with new supply in the first half, while ramping up the commercial real estate pipeline… Read More>>
Lendlease, JLL Launch Proptech Bootcamp Aimed at $16T Asian Market
Global real estate consultancy JLL has teamed up with Australian developer Lendlease to launch Propell Asia, a Singapore-based startup accelerator designed to foster innovative technologies in the Asia Pacific property sector.
The proptech accelerator will select five early-stage startups to… Read More>>
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