Singapore’s NTUC Enterprise is continuing the sell-down of its property holdings with a deal to dispose of an office building near Dhoby Ghaut MRT interchange for S$147 million ($109 million), according to sources familiar with the transaction who spoke with… Read More>>
Activist Investor Admits Errors in Sabana REIT Manager Fight in Settlement with ESR
Activist investor Quarz Capital, which last year helped persuade investors in SGX-listed Sabana REIT to internalise the trust’s manager, now admits that the cost savings estimates it used to sell that campaign to investors were “incorrect and an error”.
Having… Read More>>
CDL-Mitsui JV Places Sole Bid of $820M for Singapore’s First Rental Housing Project
A joint venture between City Developments Ltd and Japan’s MItsui Fudosan placed the sole bid for a site in Singapore’s posh District 10, positioning the partners to develop a mixed residential and commercial project which includes the city-state’s first land… Read More>>
Singapore Downtown Office Rents Revived in Q1 to Reach 15-Year High: JLL
After a brief slump in the second half of 2023, office rents in downtown Singapore jumped 1.3 percent on a quarterly basis in the first three months of 2024 to hit a 15-year high, according to JLL.
Gross effective rents… Read More>>
OCBC to Redevelop Singapore Headquarters into Raffles Place Super-Project
Oversea-Chinese Banking Corp (OCBC) is planning to redevelop a trio of buildings near Raffles Place that make up the bank’s headquarters, in a move which could add a new mixed-use complex to Singapore’s central business district.
The OCBC Centre at… Read More>>
Singapore Private Home Price Growth Slows to 1.5% as Q1 Sales Dive
Singapore’s price index for private residential properties slowed to 1.5 percent growth in the first quarter of 2024 from a 2.8 percent rise in the previous three months, according to the Urban Redevelopment Authority’s flash estimates.
A 20 percent quarterly… Read More>>
C&W Promotes Natalie Craig to Singapore CEO, Noral Wild to Lead Australia
Cushman & Wakefield has named Natalie Craig as country CEO for Singapore and Noral Wild as CEO for Australia and New Zealand, with both appointments effective from 1 April.
The newly created roles bring the two countries into alignment with… Read More>>
TPG AG Teams with FEC, Atelier to Buy Frasers Singapore Apartments for $127M
TPG Angelo Gordon is teaming up with Hong Kong’s Far East Consortium and Atelier Capital Partners to acquire a hospitality asset near Singapore’s Changi airport from Frasers Property for S$170 million ($127 million), according to market sources.
The partners on… Read More>>
Netherlands’ Bouwinvest Commits $75M to CapitaLand APAC Lodging Fund
Amsterdam-based Bouwinvest Real Estate Investors has invested $75 million in a CapitaLand Investment fund targetting serviced residence and co-living opportunities across Asia Pacific in a bet on a rebound in Asia’s lodging market.
The Dutch real estate investment manager said… Read More>>
Singapore February Home Sales Down 66% Amid Project Vacuum
New private home sales in Singapore fell 65.6 percent year-on-year in February in the absence of new projects, according to data released by the Urban Redevelopment Authority on Friday.
The monthly sales tally of 149 homes (excluding executive condos) was… Read More>>
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