The manager of Link REIT is exploring the possibility of spinning off some of the HKEX-listed trust’s properties outside of mainland China and Hong Kong into a separate entity to be listed on the Singapore Exchange, market sources confirmed to… Read More>>
LHN Wins Eastern Singapore Project for First Coliwoo Resort Chalet
LHN Group has won a tender for the tenancy of a state-owned property in Singapore’s Pasir Ris area, with the SGX-listed developer planning to convert the existing structures into the first resort-style chalet under its Coliwoo brand.
The property at… Read More>>
CDL Selling 50.1% Stake in $2.1B Singapore Complex to JV Partner IOI Properties
SGX-listed City Developments Ltd has agreed to sell its 50.1 percent interest in a central Singapore mixed-use complex to its joint venture partner, Malaysia’s IOI Properties Group, in a deal valuing the asset at S$2.75 billion ($2.1 billion).
CDL is… Read More>>
CDL Bests Five Rival Bids to Place Top Offer of $472M for Singapore Residential Site
Singapore developers have shown that attractive residential sites can still spur competitive bidding with top builder City Developments Ltd placing the top offer for a plot in the city-state’s Jurong Lake in a tender which closed on Tuesday.
The developer… Read More>>
Frasers Buying Theatre Complex Next to Northern Singapore Mall for $37M
Just days after entities under its controlling shareholders completed the sale of its remaining wing of a mall in northern Singapore to a REIT under its sponsorship, Frasers Property has acquired a cinema complex next to the shopping centre for… Read More>>
CapitaLand Ascendas REIT Buying Shopee HQ, Data Centre for $544M
CapitaLand Ascendas REIT has agreed to buy the headquarters building of e-commerce player Shopee and a co-location data centre for a total of S$700.2 million ($543.6 million), as the SGX-listed trust seeks to grow its portfolio with tech-driven assets.
The… Read More>>
Weave Confirms $77M Singapore Apartment Acquisition with BlackRock, Lian Beng
Weave Living has confirmed the acquisition of an apartment complex in Singapore through a partnership with a BlackRock fund and local developer Lian Beng Group.
The partners paid more than S$100 million ($77.4 million) to acquire Momentus Serviced Residences Novena… Read More>>
Weave Reunites With BlackRock to Buy Singapore Apartment Complex for $77M
Weave Living has teamed up for a second time with asset management titan BlackRock to acquire a Singapore serviced apartment building for around S$100 million ($77.4 million), market sources confirmed to Mingtiandi on Thursday.
The partners are acquiring the 78-unit… Read More>>
Singapore’s LHN Selling Former Coliwoo Property in Run-Up to SGX Mainboard Debut
Singapore’s LHN Group has agreed to sell a formerly Coliwoo-branded co-living hotel in the city-state’s Geylang area for S$25.8 million ($20 million), as the listed builder looks to streamline operations and shift assets off its books.
The S$10.7 million in… Read More>>
Brookfield Picks Business Parks, Industrial Complex for $413M as First Singapore Buy
Brookfield Asset Management has revealed plans to acquire two business parks and an industrial building complex in Singapore from a Mapletree REIT for a total of S$535.3 million ($413 million), marking the Canadian giant’s maiden property investment in the city-state.
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