UOB Kay Hian says the latest takeover bid for Hwa Hong Corporation is fair and reasonable, and while noting that recent moves by the SGX-listed firm’s board might help to boost value or bring a higher offer, recommended that shareholders… Read More>>
Singapore’s NTUC Nears Sale of $3.7B in Retail, Office Assets
Singapore’s NTUC Enterprise Co-operative Ltd is close to selling off the majority of its Singapore real estate portfolio with its property arm marketing S$4.15 billion ($3 billion) in suburban malls at the same time that its insurance division is mulling… Read More>>
Tishman Speyer Appoints Graham Mackie to Lead APAC Push Beyond China and India
US developer Tishman Speyer has hired industry veteran Graham Mackie as a managing director to lead the firm’s Asia Pacific expansion strategy, with a focus on opportunities outside of Tishman’s established markets of China and India.
Mackie joins Tishman Speyer… Read More>>
AEW Snaps Up Singapore Office Tower From Sun Venture for $489M
AEW has agreed to buy an office tower in Singapore’s Jurong East from local investment firm Sun Venture for S$680 million ($488.54 million) in the latest vote of global investor confidence in the city’s rebounding office market, Mingtiandi has learned.
Singapore Heats Up as May Home Sales More Than Double Previous Month’s Tally
Developers sold 1,356 new private homes in Singapore during May, a 106 percent rise from April’s 660 units and the highest monthly figure since last November’s 1,547, according to government data released Wednesday.
The May tally of new home sales… Read More>>
Set of Heritage Shophouses on Singapore’s Club Street Sell for $18.6M
ABR Holdings is buying a row of heritage commercial buildings on Singapore’s Club Street from entities linked to Citystate Group for a total of S$25.88 million ($18.61 million), according to a joint announcement on Tuesday.
A subsidiary of the SGX-listed… Read More>>
Singapore’s Lian Beng Buys Industrial Building Near Paya Lebar for $36M
The family behind Singapore’s Lian Beng Group is on the move with two generations of the Ong clan announcing deals this past week, including an S$49.25 million ($35.67 million) purchase near Paya Lebar revealed on Friday.
Singapore-listed Lian Beng told… Read More>>
SLB Grabs Buildings in Singapore, Melbourne, Completes Hotel Buy With Weave
SLB Development on Thursday announced its acquisitions of a Singapore commercial complex and a Melbourne office building for a total of $46 million.
SLB has agreed to buy 30 and 31 North Canal Road, a pair of four-storey buildings near… Read More>>
Foreign Investors Drive 21% Increase in Singapore Real Estate Deals
The Singapore real estate market enjoyed its strongest start to a year in a decade thanks largely to foreign players driving a 21 percent annual increase in transactions of income-earning assets in the first quarter, according to MSCI.
Trades of… Read More>>
Singapore Includes Bukit Timah Residential Site, Marina South Project in Land Sale Schedule
Singapore’s Urban Redevelopment Authority is including a residential site in Bukit Timah on a confirmed list of six sites to be put on the auction block in the second half of this year as authorities move to replenish the city’s… Read More>>
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