Asia Pacific real estate investment news and information
Wing Tai Holdings sold 23 percent of its upcoming condo project in Singapore’s suburban Jurong district during its launch weekend, a modest take-up for the developer which warned late last week of lower profits in its latest financial year.
The… Read More>>
Despite a boost from a sold-out project in the central business district, trades of strata-titled office assets in Singapore plunged by 20 percent in the first half of the year from the preceding six months as rising interest rates crimped… Read More>>
Rising interest rates are denting the returns of some of Singapore’s biggest landlords, with CapitaLand Integrated Commercial Trust (CICT) achieving a 1.7 percent uptick in distributable income for the first half of the year as higher financing costs wiped out… Read More>>
Industrial rents in Singapore rose by an average of 2.1 percent in the April through June period, compared to the preceding three months, marking the 11th straight quarter of increases in Southeast Asian city-state.
The continued upswing in rents during… Read More>>
Developer Wing Tai Holdings is backing out of a deal to acquire a residential project in Singapore’s Holland Village area, saying that conditions for completion of the deal signed by its Wincove unit in March had not been met.
“The… Read More>>
LHN Group has agreed to acquire a pair of mixed-use buildings in Singapore’s District 9 for S$23.25 million ($17.4 million) in a bid to retain its lead in the city’s co-living market.
LHN’s co-living division has taken options to purchase… Read More>>
The first dip in Singapore’s housing market in three years was confirmed on Friday when the city-state’s government released official figures showing that average prices for new private homes dropped 0.2 percent in the second quarter, compared to the first… Read More>>
Real estate accounted for 13 percent of GIC’s overall portfolio by the end of its fiscal year on 31 March as the Singapore sovereign fund boosted its allocation to the asset class by three percentage points from a year earlier… Read More>>
OUE Commercial REIT booked a 23 percent jump in net property income as it brought in S$115.3 million ($87.11 million) in the first half of the year on the ongoing strength of Singapore’s core office market and a rebound in… Read More>>
The Far East Shopping Centre along Orchard Road in Singapore has been put up for collective sale at a price of S$928 million ($699 million) in a move that could add to the rejuvenation of the famous shopping belt.
Owners… Read More>>
