A privatised government-built estate in Singapore’s Novena neighbourhood was sold for S$402 million ($299 million) in a collective sale tender late last week, adding to a total of S$2.88 billion ($2.1 billion) of residential and mixed-use land sales in the… Read More>>
UOL-Led Group Pays $771M for Housing Site Near Downtown Singapore
Singapore-listed property firm UOL Group and its affiliates have won a large residential parcel on Silat Avenue, just south of Singapore’s General Hospital, for S$1.035 billion ($771 million), amid a two-day flurry of major site acquisitions in the city-state.
The… Read More>>
New World, FEC, SC Global Win Orchard Road Site for $309M
Hong Kong’s New World Development and Far East Consortium (FEC) have teamed up with Singapore’s SC Global Developments to win a luxury residential site near Singapore’s prime shopping area Orchard Road, after placing a record S$410 million ($309 million) bid… Read More>>
Far East Org, Sino Group, Sekisui Win Prime Singapore Site for $904M
The Singapore government has awarded a prime commercial and residential site in the city’s upscale Bukit Timah neighbourhood to a consortium led by Far East Organization for S$1.2 billion ($904 million).
Far East Organization partnered with Hong Kong-based sister company… Read More>>
Shanghai’s Distrii Opens First Overseas Co-Working Centre in Raffles Place
Shanghai-based flexible office provider Distrii opened its first overseas location today in Republic Plaza in Singapore. The 62,000 square foot centre was opened the same day that the two-year-old company announced a new joint venture with Singapore’s City Developments Ltd,… Read More>>
GIC, Frasers Property Invest $177M in JustCo’s SE Asia Co-Working Push
Singaporean sovereign wealth fund GIC and Frasers Property Limited are teaming up with Singapore-based flexible officer operator JustCo to invest $177 million in building a co-working platform across Southeast Asia.
JustCo, which has spaces open or upcoming in Singapore, Indonesia… Read More>>
Site in SG’s Newton Area to Launch for $145M and More Asia Real Estate Headlines
Singapore’s collective sale gold rush leads the roundup again, as two en bloc housing project hit the market on consecutive days, asking a total of $238 million. Also in the headlines, a fast-growing startup that supplies prefabricated homes has scored… Read More>>
Wing Tai Reports 9X Profit Jump in Q3 and More Asia Real Estate Headlines
Singapore leads today’s news roundup with homegrown developers Wing Tai and Perennial Real Estate announcing huge profit swings in the previous quarter. Also in the Lion City, US pharma giant Johnson & Johnson is launching its new Asia Pacific head… Read More>>
Keppel DC REIT Buys Singapore Data Centre for $221M
Singapore-listed Keppel DC REIT has entered a deal to buy a data centre in the city-state for S$295 million ($221 million), as Singapore’s thriving market for outsourced data storage posts 13 percent annual revenue growth.
Keppel DC REIT, a dedicated… Read More>>
New World, FEC and SC Global in Record $309M Singapore Site Bid
Hong Kong developers New World Development and Far East Consortium have teamed up with their Singapore counterpart SC Global Developments to lodge a record S$410 million ($309 million) bid for a residential site near the city-state’s Orchard Road, according to an… Read More>>
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