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David Loh Kim Kang Centurion

Singapore’s Centurion Gets Green Light for HKEX Delisting

2023/07/18 by Christopher Caillavet Leave a Comment

The Hong Kong stock exchange has approved the proposed delisting of Singapore-based rental accommodation specialist Centurion Corp.

The HKEX’s listing committee gave the go-ahead last Thursday, Centurion said Monday in a filing. The plan still requires the approval of shareholders… Read More>>

Singapore Picks MS, Equinix, GDS and Airtrunk-Bytedance JV for Data Centre Permits

2023/07/16 by Beatrice Laforga Leave a Comment

Singapore is working with both east and west as it said on Friday that Equinix, Microsoft, GDS Holdings and a tie-up between AirTrunk and ByteDance have won rights to develop new data centre projects as the city-state ends a four… Read More>>

Hotel Tycoon Ong Beng Seng Arrested in Singapore Transport Minister Graft Probe  

2023/07/15 by Beatrice Laforga Leave a Comment

Ong Beng Seng, co-founder and controlling shareholder of SGX-listed Hotel Properties Ltd (HPL), has been arrested and was requested by Singapore’s anti-graft agency to provide details regarding his interactions with Transport Minister S. Iswaran, who has been put on leave… Read More>>

UOL Group chairman Wee Cho Yaw

CapitaLand JV With UOL, SingLand Wins Tampines Mixed-Use Site for $900M

2023/07/13 by Christopher Caillavet Leave a Comment

CapitaLand has teamed up with UOL and its Singapore Land unit to win a mixed-use plot in northeastern Singapore’s Tampines area with a winning bid of S$1.2 billion ($900 million), the Housing and Development Board announced Tuesday.

The 50:50 JV… Read More>>

VisionCrest Commercial 1

German Asset Manager Marketing Singapore Office Building for $350M

2023/07/12 by Beatrice Laforga Leave a Comment

German asset manager Union Investment is set to test investor appetite for Singapore commercial real estate as agents begin marketing an office block near the Orchard Road shopping strip at an asking price of S$470 million ($350 million).

JLL and… Read More>>

Quek Leng Chan

Singapore’s First Housing Launches of Second-Half Meet Cooler Buyer Reception

2023/07/10 by Beatrice Laforga Leave a Comment

After Singapore home prices dropped for the first time in over three years during the second quarter, the first major project launches of 2023’s second half met with cooler responses from homebuyers facing new prospects for housing choice in what… Read More>>

Worldwide Hotels boss Choo Chong Ngen

Worldwide Follows Singapore Record Deal with $113M Melbourne Hotel Buy

2023/07/09 by Beatrice Laforga Leave a Comment

After making the Lion City’s largest purchase of a single hotel earlier this week, Singapore’s Worldwide Hotels Group has followed up with an A$170 million ($112.8 million) buy of a high-rise hotel in downtown Melbourne from one of its compatriots.

… Read More>>

The Monetary Authority of Singapore (Getty Images)

Singapore Expanding Family Office Incentives to Keep Cash Local, Go Green

2023/07/05 by Christopher Caillavet Leave a Comment

The Monetary Authority of Singapore on Wednesday expanded the island financial hub’s outreach to wealthy private investors by introducing new tax policies to nudge single family offices towards sustainability-focused projects and philanthropic works.

In remarks at a briefing on MAS’s… Read More>>

Lian Beng chairman Ong Pang Aik

Lian Beng’s $251M Buyout Moving Forward as Shareholders Accept Chairman’s Sweetened Offer

2023/07/05 by Christopher Caillavet Leave a Comment

The Ong family behind Lian Beng Group has persuaded enough shareholders to accept a sweetened buyout offer for the Singapore-listed developer for the privatisation to move ahead towards a delisting.

Led by Lian Beng chairman and patriarch Ong Paik Ang,… Read More>>

The Reserve Residences

Singapore Private Home Prices Fall for First Time in More Than Three Years

2023/07/03 by Christopher Caillavet Leave a Comment

Singapore’s price index for private residential properties fell 0.4 percent in the April-June quarter compared with the first three months of the year, marking the first decline since the first quarter of 2020, according to the Urban Redevelopment Authority’s flash… Read More>>

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