The third generation is on the rise at Singapore’s Hiap Hoe, with former chairman Teo Ho Beng retaking the top board spot at the real estate firm after a nearly seven-year interval as his son Marc Teo succeeds him as… Read More>>
Blackstone Sells Interest in CDL Singapore Project to BlackRock as Fund Ages Out
Blackstone has sold its interest in an upscale apartment complex in Singapore’s Sentosa Cove to BlackRock in a deal described by market analysts as a stressed sale of the financial rights.
Having invested S$367 million ($276 million) in a profit… Read More>>
Singapore’s NTUC Marketing Office Building for $118M as Divestments Continue
Singapore’s Income Insurance has put the Prinsep House commercial block in Dhoby Ghaut up for sale at an asking price of S$157 million ($118.3 million), marking the latest in a string of asset disposals by the NTUC Enterprise group of… Read More>>
Singapore’s GIC Loses Most Active Sovereign Investor Spot as Deployment Halves
After five consecutive years of leading investment by state-owned funds globally, Singapore’s GIC and Temasek Holdings both cut their commitments by more than half last year, with the pair combining to deploy $26.2 billion of fresh capital last year.
That… Read More>>
Singapore Rolls Out Biggest Industrial Land Sale Plan in a Decade, Despite Dim Demand
Singapore is set to auction off 29 percent more industrial land in the first half of 2024 in its biggest offering of shed sites in a decade, although experts anticipate tepid bidding amid a slowing market.
In releasing its sale… Read More>>
Downtown Singapore Office Rent Growth Set to Slow to 2% in 2024 as Supply Surges
Growth in Grade A office rents in downtown Singapore is expected to taper to 2 percent next year from 2023 levels amid a surge in new supply, according to Cushman & Wakefield.
After rising 6.5 percent in 2022 and an… Read More>>
Singapore Home Sales Nearly Triple in November as Buyers Snap Up Surge in Supply
Singapore private home sales nearly tripled to 784 units in November as a trio of condo launches helped snap three straight months of declining housing deals.
Developers’ home sales, excluding subsidised executive condos, jumped 286 percent last month from the… Read More>>
Singapore Cues Up Sites for 5,450 New Homes in Biggest Land Sale Plan Since 2013
Singapore has cued up the city-state’s biggest housing pipeline in more than a decade with the Urban Redevelopment Authority (URA) on Wednesday announcing plans to sell sites capable of yielding up to 5,450 new private homes during the first half… Read More>>
Singapore Pushes Land Sales for Long-Stay Rental Apartments in Policy Shift
Singapore is now designating land for development of long-stay rental apartments, with Minister for National Development Desmond Lee announcing the first pair of sites to be sold under the new initiative in a speech on Wednesday.
Already on the Urban… Read More>>
Singapore Again Leads List of World’s Priciest Cities and More Asia Real Estate Headlines
The rising cost of living in Singapore leads today’s collection of real estate headlines from around Asia as the city-state again tops a list of the world’s most expensive places. Also making the cut, Hong Kong home prices have now… Read More>>
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