Two land parcels within the new Lentor Hills estate were auctioned off by Singapore’s Urban Redevelopment Authority on Tuesday, with a consortium led by Chinese-owned United Engineers winning the larger of the two residential development sites with a bid of… Read More>>
Frasers Hospitality Trust Privatisation Fails as Vote Falls Just Short
Frasers Property’s take-private scheme for Singapore-listed Frasers Hospitality Trust came up short by the barest of margins at a Monday vote, as unitholders representing 74.88 percent of the trust’s stapled securities approved the proposal, narrowly missing the 75 percent threshold… Read More>>
Building for Singapore’s Future on Cecil Street Sponsored Feature
Singaporean real estate investment and development manager TE Capital Partners, together with joint venture partner LaSalle Investment Management, has obtained Building Plan approval for a freehold Grade A commercial development at 148 Cecil Street in Singapore’s central business district following… Read More>>
Google Unveils Third Singapore Data Centre in Jurong, Marks 15 Years in City-State
Google on Tuesday announced the start of operations at its third data centre in Singapore, a multi-storey development in Jurong, as part of festivities celebrating 15 years of the US tech giant’s presence in the city-state.
The power-up of the… Read More>>
Redevelopment of Singapore’s Paya Lebar Could Create 150,000 New Homes
Singapore Prime Minister Lee Hsien Loong announced this past weekend that the relocation of Paya Lebar Airbase over the coming decade would pave the way for up to 150,000 new homes and allow for taller buildings in nearby towns, a… Read More>>
Shimao Proposes 8-Year Debt Repayment Plan and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, debt-saddled developer Shimao floats a proposal to repay $11.8 billion over eight years, a Shanghai mega-mall reels from COVID-led lockdowns, and Link REIT extends a rent holiday for Hong Kong tenants.
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Frasers Property Sets Up Fund Management Arm, Taps Wong Ping as CIO
The financialisation of Singapore’s real estate industry took another step forward on Monday as Frasers Property announced the creation of a new business unit aimed at raising and managing capital from institutions for investment in the company’s real estate initiatives.
Oxford Properties Expands Asia Team in Singapore
Canada’s Oxford Properties is growing its capabilities in Asia Pacific with the real estate investment firm having recently added a pair of senior executives to its team in Singapore, according to company representatives who spoke with Mingtiandi.
Former Apollo Global… Read More>>
Healthcare Investment Boss Said Buying Mansion in Singapore’s Bukit Timah For $33M
The chief executive of Singapore-based healthcare private equity firm CBC Group is reportedly buying a house in the city’s posh District 10 for S$45.5 million ($33 million), as luxury home prices continue to climb in Southeast Asia’s most expensive city.
Singapore Private Home Sales to Slide After July Surge as Supply Dwindles
Developer sales of private homes in Singapore rose 70.9 percent to 834 units in July from 488 homes sold in June. However, the upswing is expected to be short-lived, as analysts point to shrinking inventories and a limited… Read More>>
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