Singapore’s transport minister S. Iswaran on Thursday was slapped with 27 charges, including two counts of corruption related to assisting Ong Beng Seng, co-founder of SGX-listed Hotel Properties Ltd, to secure agreements for one of his companies with the country’s… Read More>>
Robert Kuok’s Allgreen in Talks to Buy Suburban Singapore Mall for $387M
A Singapore developer controlled by the family of Shangri-La Hotel founder Robert Kuok is in talks to acquire a shopping centre in northeastern Singapore from a joint venture between Temasek Holdings-backed Cuscaden Peak and Yanlord Land’s United Engineers Ltd (UEL)… Read More>>
PGIM Selling Singapore’s 108 Robinson Road Floor by Floor as Big Ticket Deals Dry Up
With big ticket office deals becoming an endangered species in the real estate kingdom, PGIM Real Estate has decided to sell off a building in Singapore’s central business district floor by floor, taking advantage of record pricing for smaller scale… Read More>>
Singapore Home Sales Plunge 83% in December, Full-Year Tally Hits 15-Year Low
Singapore new private home sales plunged 83 percent to 135 units in December from the 784 units transacted the previous month, posting the lowest monthly sales recorded in the city-state since the 2007-08 global financial crisis.
The year-end holidays and… Read More>>
Hong Kong’s Wharf Puts Mall in Singapore’s Orchard Area on Market for $338M
Hong Kong-based real estate firm Wharf Real Estate Investment Company (Wharf REIC) is marketing a luxury mall along Singapore’s Orchard Road for S$450 million ($338 million) as the rejuvenation of the premier shopping strip gathers speed.
Its Singapore development subsidiary,… Read More>>
Indonesia’s Widjaja Family Marketing Commercial Floor in Singapore’s Orchard Area for $57M
Top Global has put a strata-titled office asset in Singapore up for sale at S$76 million ($57.1 million) as the company owned by Indonesia’s Widjaja family plans to completely exit the commercial building near the Orchard Road shopping strip.
The… Read More>>
Singapore Deal Volume Fell 32% in 2023 as Government Land Sales Dominated
Singapore’s property market felt the pressure of rising interest rates in 2023 with investment plunging 31.8 percent to S$21.1 billion ($15.9 billion), according to Knight Frank.
Residential deals, comprising mostly government land sales, amounted to S$10.3 billion or 47.7 percent… Read More>>
Keppel Buys Singapore Commercial Complex for $262M on Behalf of PGGM Fund
Keppel Ltd announced on Monday that it has purchased a commercial complex in Singapore’s Selegie district on behalf of Dutch pension fund and asset manager PGGM for S$348 million ($262 million), confirming earlier media accounts.
The firm formerly known as… Read More>>
Gaw Capital Sells Singapore’s Hotel G to CapitaLand’s Ascott for $180M
Gaw Capital Partners has completed the sale of the Hotel G in Singapore to an entity controlled by CapitaLand Group, according to corporate records filed with local authorities.
A special purpose vehicle which holds the 308-key budget hostelry now lists… Read More>>
Teo Ho Beng Regains Hiap Hoe Chairmanship as Son Promoted to CEO
The third generation is on the rise at Singapore’s Hiap Hoe, with former chairman Teo Ho Beng retaking the top board spot at the real estate firm after a nearly seven-year interval as his son Marc Teo succeeds him as… Read More>>
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