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ESR Jeffrey Shen

ESR, PGIM Investing $100M in Singapore Sale-and-Leaseback Logistics Deal

2022/04/02 by Christopher Caillavet Leave a Comment

Logistics giant ESR has joined forces with US fund manager PGIM Real Estate to invest $100 million in developing a build-to-suit warehouse in western Singapore under a sale-and-leaseback agreement with a Japanese beverage maker.

Hong Kong-listed ESR has teamed up… Read More>>

Sun Hongbin Sunac

Sunac China Asks to Extend Payment of $629M Bond and More Asia Real Estate Headlines

2022/03/31 by Proud Channara Leave a Comment

In today’s roundup of regional news headlines, Sunac China seeks an 18-month extension to redeem an onshore bond, as the developer and five rivals face an indefinite trading suspension on the Hong Kong stock exchange. In Singapore, meanwhile, an ultra-luxury… Read More>>

Asia Square Tower

Tech Tenants Power Singapore CBD Office Rents to Fourth Straight Growth Quarter

2022/03/30 by Beatrice Laforga Leave a Comment

Singapore saw office rents across its central business district rise by 2.3 percent in the first quarter to post the market’s fastest growth rate since 2021, with industry analysts projecting a continued upswing this year as the city-state gains in… Read More>>

thomasin Crowley WiredScore

Connectivity Ratings Provider WiredScore Opens Regional HQ in Singapore

2022/03/30 by Christopher Caillavet Leave a Comment

WiredScore, a provider of digital connectivity ratings for real estate, opened its first Asia Pacific office in Singapore on Wednesday as part of a global expansion plan.

The office at MYP Centre in Raffles Place will serve as the APAC… Read More>>

Jonathan Yap CapitaLand

CapitaLand Investment Selling 79 Robinson Road in Singapore for $930M

2022/03/28 by Beatrice Laforga Leave a Comment

CapitaLand Investment and its Japanese partners have agreed to sell 79 Robinson Road in Singapore’s downtown core for S$1.26 billion ($930 million) to CapitaLand Integrated Commercial Trust (CICT) and a private fund managed by the Temasek Holdings-backed giant.

In a… Read More>>

PWC to Cut Audits of Private Chinese Developers and More Asia Real Estate Headlines

2022/03/26 by Proud Channara Leave a Comment

In today’s roundup of regional news headlines, accounting firm PwC is reportedly set to stop auditing private Chinese developers, Soho China incurs a fine for electricity gouging in its home patch of Beijing, and Dyson officially opens its global headquarters… Read More>>

Nicholas Mak of ERA Real Estate

Singapore Complex Back on the Market at Same Price Just Four Months After Failed Sale

2022/03/16 by Beatrice Laforga 2 Comments

Homeowners in a condo complex near Singapore’s Ang Mo Kio area are making their second attempt at collective sale in four months as investors remain confident in developer demand for land despite cooling measures introduced in December.

“We are reasonably… Read More>>

Weave Living founder Sachin Doshi

Weave JV Buys Singapore Hotel for $56M as Rental Housing Operator Goes Regional

2022/03/13 by Beatrice Laforga Leave a Comment

Weave Living is leading a S$75 million ($56 million) purchase of a hotel in Singapore’s Bugis district to mark its first acquisition in the Lion City.

The Warburg Pincus-backed rental housing platform is acquiring the row of two-storey shophouses at… Read More>>

Local Builder Sim Lian Tops Tender for Singapore Residential Site with $255M Bid

2022/03/10 by Beatrice Laforga Leave a Comment

Sim Lian Group placed the highest bid for a residential plot near Singapore’s Upper Bukit Timah area, topping a competitive field in a government tender for the suburban site on Tuesday.

Privately-held Sim Lian Land and Sim Lian Development offered… Read More>>

Janil Puthucheary Singapore

Singapore Confirms Data Centre Permit Process Will Kick Off in Q2

2022/03/09 by Beatrice Laforga Leave a Comment

A Singaporean official has confirmed that regulators will start accepting applications for development of new data centre next quarter as part of a pilot program to reopen the city to development of new server facilities after a hiatus of more… Read More>>

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