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David McKellar of CBRE

Singapore Core CBD Office Rents Stayed Flat in Q2, Snapping 3-Year Growth Streak: CBRE

2024/07/03 by Christopher Caillavet Leave a Comment

Grade A office rents in Singapore’s core central business district remained flat in the April-June period after 12 straight quarters of increases, according to CBRE.

Second-quarter rents averaged S$11.95 ($8.80) per square foot per month in the core CBD, bringing… Read More>>

Hines Teams With Mitsubishi, Mitsui to Buy Singapore Warehouse From Tobacco Giant

2024/07/02 by Christopher Caillavet Leave a Comment

Hines has acquired a northern Singapore logistics asset in partnership with Japan’s Mitsubishi Estate and Mitsui & Co, marking the US developer and investment firm’s second industrial deal in the Lion City.

Houston-based Hines, property giant Mitsubishi Estate and Mitsui… Read More>>

URA chief executive officer Lim Eng Hwee

Singapore Private Home Price Growth Slows to 1.1% as Sales Flatten

2024/07/02 by Christopher Caillavet Leave a Comment

Flash data showed that Singapore’s private home prices rose 1.1 percent in the second quarter of 2024, easing from 1.4 percent growth in the first three months of the year as transaction volume remained flat, according to the Urban Redevelopment… Read More>>

Apricot Capital managing partner Darren Teo

David Teo’s Apricot Capital Leads Funding Round for Singapore Co-Living Operator

2024/06/26 by Christopher Caillavet Leave a Comment

Singapore’s The Assembly Place has raised S$5.33 million ($3.9 million) from a pre-Series A funding exercise anchored by Apricot Capital, surpassing the co-living owner-operator’s S$5 million target.

The fresh funds will fuel TAP’s growth as it seeks to increase its… Read More>>

URA chief executive officer Lim Eng Hwee

Singapore to Release Development Sites for 5,050 Homes in Second Half of 2024

2024/06/26 by Christopher Caillavet Leave a Comment

Singapore on Tuesday announced a second-half confirmed list of the Government Land Sales programme that would bring total supply in 2024 to 11,110 private homes, representing the most supply introduced in a single year since 2013.

The confirmed list comprises… Read More>>

ok-lim

Singapore Tycoon OK Lim’s Tanglin Hill Mansion on Sale for $32M

2024/06/24 by Christopher Caillavet Leave a Comment

A villa owned by troubled tycoon Lim Oon Kuin in Singapore’s posh Tanglin Hill area is up for sale by tender at a guide price of S$43 million ($31.8 million).

The good-class bungalow, Singapore’s term for a luxury landed home,… Read More>>

Ong Beng Seng

Cuscaden Peak-Managed Paragon REIT Sells Singapore Strip Mall for $58M

2024/06/22 by Michael Cole Leave a Comment

Paragon REIT has agreed to sell a strip mall in the Upper Bukit Timah area for S$78.5 million ($58 million), reducing the Singapore-listed trust to just two properties in its home market, with another two in Australia.

“The divestment is… Read More>>

Cheng Wai

Wing Tai Places $343M Top Bid for Luxury Site in Singapore’s River Valley

2024/06/20 by Christopher Caillavet Leave a Comment

A luxury residential site in Singapore’s posh River Valley area drew two bids in a tender that closed Wednesday, including the top offer of just under S$464 million ($343.6 million) from developer Wing Tai Holdings, according to an announcement by… Read More>>

Bruno Lopez, president and group CEO of STT GDC

KKR, Singtel to Invest Up to $2.2B in Data Centre Operator STT GDC

2024/06/18 by Michael Cole Leave a Comment

KKR and Singapore telecom operator Singtel have agreed to invest as much as $2.2 billion for up to an 18.3 percent combined stake in ST Telemedia Global Data Centres in what stands as the largest digital infrastructure investment in Southeast… Read More>>

URA chief executive officer Lim Eng Hwee

Singapore Home Sales Slip 27% to Lowest in Three Months as Launch Schedule Slows

2024/06/18 by Christopher Caillavet Leave a Comment

New private home sales in Singapore fell 27 percent in May to their lowest level in three months, according to data released by the Urban Redevelopment Authority on Tuesday.

Excluding executive condos, sales dipped from 301 units in April to… Read More>>

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