Hongkong Land’s Singapore unit MCL Land is set to grow its portfolio of luxury Lion City condos by teaming up with local developer City Developments Ltd (CDL) for a four-tower residential complex project in the city-state’s lower east coast area.
CK Asset Sued Over Alleged Defects in Singapore Condo Project
A real estate project built by a unit of what is now CK Asset Holdings is facing a lawsuit in Singapore after homeowners complained of alleged defects in the Thomson Grand condominium complex near Lower Pierce Reservoir in central Singapore,… Read More>>
Hongkong Land Holds Steady as Leasing in Singapore Outperforms Home City
Hongkong Land Holdings saw its underlying profit hold steady at $966 million last year as strong leasing income from its Singapore portfolio helped blunt the impact of weaker performance by its office assets in Hong Kong.
The group’s underlying profit… Read More>>
CBRE Promotes Luke Moffat to APAC Head of Advisory and Transaction Services
Global property consultancy CBRE on Tuesday announced the promotion of Luke Moffat to regional managing director and head of advisory and transaction services for Asia Pacific.
Moffat succeeds Manish Kashyap, who was elevated to global president of advisory and transaction… Read More>>
CapitaLand, Lendlease Shortlisted for $1.5B Redevelopment of Singtel HQ
CapitaLand and Lendlease are competing for pole position for a S$2 billion ($1.5 billion) redevelopment project as Singapore’s largest telecom provider prepares to build a new commercial complex on the site of its headquarters near the city’s Orchard Road shopping… Read More>>
AEW Selling Office Tower in Singapore’s Raffles Place To Kajima For $213M
Global fund manager AEW is selling a 16-storey office block in Singapore’s Raffles Place to a unit of Japanese construction and real estate firm Kajima Corp for S$286.9 million ($213.4 million), as global investors continue to target Singapore office assets.
Indonesian Tycoon Buying Singapore’s Tanglin Shopping Centre for $645M
A company owned by the family of Indonesian lumber tycoon Sukanto Tanoto has acquired the Tanglin Shopping Centre in Singapore’s Orchard Road area at a 10 percent premium over the reserve price in the asset tender, as commercial properties in… Read More>>
Analysts See Little Impact as Singapore Raises Property Taxes to as High as 36%
Less than three months after targeting buyers of multiple homes with higher transaction taxes and tightened lending conditions, Singapore is introducing increases in property taxes which could raise rates charged to owners of residential investment properties by one-third or more.
Singapore Notches Second-Highest January New Home Sales Since 2014
Singapore homebuyers have shrugged off the latest government attempts to cool down the housing market, with the city-state recording its second-busiest January housing market in the past eight years, according to data released this week.
“It is the highest private… Read More>>
TE Capital, LaSalle Close on $240M Buy of Singapore’s PIL Building
Local private equity firm TE Capital Partners and LaSalle Investment Management have completed the acquisition of an office building on Cecil Street in downtown Singapore for S$323.8 million ($240.6 million), in a bid to ride an office market recovery driven… Read More>>
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