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>>
Singapore’s LHN Adds to Co-Living Portfolio with District 9 Acquisition
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>>
Singapore Home Prices Dip for First Time in Three Years as Supply Rebounds
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>>
Singapore’s GIC Ups Real Estate Exposure to 13% on REIT Buyouts
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 C-REIT Achieves 23% Jump in Net Property Income as Hospitality Bounces Back
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>>
Commercial Complex on Singapore’s Orchard Road Up for Collective Sale at $699M
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>>
Singapore Posts World’s Second Fastest Growth in Luxury Residential Rents
Singapore’s luxury housing market continued to record some of the world’s steepest increases in rental rates during the first half of this year, as wealthy foreigners flow into the Southeast Asia financial haven, according to a recent report by Savills.
Singapore Real Estate Investment Fell 50% to $2.9B in Q2
Investment in Singapore real estate plunged to a two-year low in the second quarter, falling S$3.8 billion ($2.86 billion) after dropping 50 percent from the S$7.6 billion recorded a year ago as big ticket deals dried up.
Last quarter’s total… Read More>>
Singapore Tightens Rules on Foreign Property Ownership in Latest Market Restriction
Singapore now requires foreigners to seek government approval when investing in mixed commercial and residential property, as authorities put up a new firewall attempting to insulate the local market from foreign speculators.
The Ministry of Law and the Singapore Land… Read More>>
Sim Lian Places Tops Bid For Singapore Residential Site With $626M Bargain Offer
Local private developer Sim Lian Group placed the higher of just two bids for a residential plot on Jalan Tembusu in eastern Singapore at S$828.8 million ($625.5 million), in a government land sale that drew weaker than expected interest from… Read More>>
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