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Monetary Authority of Singapore chief Ravi Menon

Singapore Boosts Stamp Duty by Up to 100% to Cool Home Prices

2023/04/27 by Beatrice Laforga Leave a Comment

After housing costs rose by more than 11 percent in the last year, including a 3.2 percent jump in in the first quarter, Singapore regulators shocked the market late Wednesday with their strictest property cooling measures yet – including doubling… Read More>>

Christine Li of Knight Frank

APAC Investment in North American Real Estate Hit Record in Q1, Led by Singapore’s GIC

2023/04/27 by Christopher Caillavet Leave a Comment

Acquisitions of North American real estate by Asia Pacific-based investors jumped more than 400 percent year-on-year to a record $13.9 billion in the first quarter of 2023, according to Knight Frank.

The surge in property purchases was driven largely by… Read More>>

Catherine He of Colliers

Singapore Q1 Industrial Rents Up 2.8% in Fastest Growth Since Late 2013

2023/04/27 by Christopher Caillavet Leave a Comment

Singapore’s industrial rents rose for a 10th consecutive quarter in the first three months of 2023, with the 2.8 percent gain marking the fastest pace since the 4.4 percent growth recorded in the third quarter of 2013, according to government… Read More>>

Alice Hung Yin

Family Office Buys Singapore Industrial Building From CapitaLand Ascendas REIT 

2023/04/24 by Beatrice Laforga Leave a Comment

The manager of CapitaLand Ascendas REIT has agreed to sell an industrial building in Singapore’s Toa Payoh area to the family office of a foreign investor, in a deal that values the asset at three times its acquisition value nine… Read More>>

Jurong Point Mall

Singapore Investment Volume More Than Doubles in Q1 as Mall Deals Lend Weight

2023/04/24 by Christopher Caillavet Leave a Comment

First-quarter deal volume in Singapore’s real estate market more than doubled to S$5.63 billion (now $4.2 billion) compared with the previous three months, boosted by a trio of retail disposals by Mercatus Co-operative, according to Savills.

Mercatus, the property arm… Read More>>

TE Capital's Solitaire on Cecil

Cecil Street Project Sets Singapore Price Record as 3 Floors Sell for $122M

2023/04/21 by Michael Cole Leave a Comment

A local company has set a new Singapore price record with the purchase of a trio of office floors in Solitaire on Cecil, an office project being developed by TE Capital and LaSalle Investment Management near the Raffles Place commercial… Read More>>

42 Nassim Road SIngapore

Indonesian Family Buys Bungalows on Singapore’s Nassim Road for $155M

2023/04/19 by Beatrice Laforga Leave a Comment

Temasek Holdings-backed Cuscaden Peak Investments has sold three mansions on Singapore’s Nassim Road for S$206.7 million ($155 million), according to a company representative, with a market source identifying the buyer to Mingtiandi as a wealthy Indonesian family.

The two-storey good… Read More>>

UOB chief executive Wee Ee Cheong

UOB to Invest $375M in Singapore Tech Centre

2023/04/18 by Beatrice Laforga Leave a Comment

United Overseas Bank Ltd (UOB) expects to invest at least S$500 million ($375.3 million) to build a new global technology and innovation centre in an upcoming smart district in northeastern Singapore’s Punggol area as part of the local banking giant’s… Read More>>

Singapore New Home Sales Rise 14% in March as More Condos Hit The Market

2023/04/17 by Beatrice Laforga Leave a Comment

Singapore new private home sales rose 13.6 percent to 492 units in March, reaching their highest level in six months as homebuyers bought up available units as quickly as they entered the market, according to data released by the Urban… Read More>>

LIberty House Club Street

Chinese Investor Buys Office Block in Singapore’s Chinatown For $70M

2023/04/16 by Beatrice Laforga Leave a Comment

A Chinese investor has purchased an office block in Singapore’s Chinatown from Liberty Insurance Singapore for 23 percent below the property’s original asking price, as mid-size acquisitions by wealthy individuals play a growing role in the city-state’s investment market.

A… Read More>>

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