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>>
Luxury Site in Singapore’s River Valley Tipped to Sell at a Discount Amid Housing Slump
The dark clouds hovering over Singapore’s luxury housing market have yet to clear off with analysts predicting that a residential plot launched for tender in the city-state’s posh River Valley area on Monday could sell at a markdown compared to… Read More>>
Robert Kuok’s Allgreen Completes $410M Purchase of Singapore’s Seletar Mall
Robert Kuok’s Allgreen Properties has completed its S$550 million ($410 million) purchase of the Seletar Mall in northeastern Singapore from a joint venture of Cuscaden Peak and United Engineers Ltd (UEL), the companies announced Thursday.
Allgreen, the Singapore property development… Read More>>
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