In what would be its first Singapore deal, UK property developer Chelsfield is said to be closing in on an acquisition of the Manulife Centre on Singapore’s Bras Basah Road in the latest sign of ongoing growth in the city-state’s… Read More>>
Singapore Hikes Stamp Duty by Up to 50% After 9% Jump in Home Prices
Singapore increased the Additional Buyer’s Stamp Duty (ABSD) and lowered Loan-to-Value (LTV) limits on Thursday, slamming the brakes on its housing market after statistics released earlier in the week showed home prices having jumped nine percent in the past 12… Read More>>
HNA Sells Five Singapore Warehouses to Mapletree Logistics Trust for $535M
A unit of HNA Group has agreed to sell a set of five Singapore warehouses to Mapletree Logistics Trust for S$730 million ($535 million) less than seven months after acquiring the assets, according to an announcement by Mapletree on July 5th.
Singapore Home Prices Jump 9% in 12 Months — Set for Double-Digit 2018 Increase
Singapore residential prices rose nine percent on year and are close to all-time highs, according to a flash second-quarter price report issued by the city’s Urban Redevelopment Authority (URA) on July 2nd.
The latest jump in home prices moves the… Read More>>
Spaces Kicks Off Nine-Fold Expansion in Singapore Co-Working Centres
Co-working provider Spaces is opening five new locations in Singapore by the end of next year, taking its holdings in the country from a single site to half of a dozen shared office centres as rising rents and changing work… Read More>>
CapitaLand Commercial Trust Sells SG Office Tower for $379M
CapitaLand Commercial Trust (CCT) has chalked up Singapore’s biggest office transaction of the year by agreeing to sell Twenty Anson, a 20-storey office building in the Tanjong Pagar neighbourhood, for a total of S$516 million ($379 million).
The Singapore-listed trust,… Read More>>
Singapore Government to Boost Private Housing Pipeline By 8,040 More Homes in 2018
Singapore’s government is launching sites that can yield a total of up to 8,040 private residential units in the second half of 2018, keeping pace with new supply in the first half, while ramping up the commercial real estate pipeline… Read More>>
Lendlease, JLL Launch Proptech Bootcamp Aimed at $16T Asian Market
Global real estate consultancy JLL has teamed up with Australian developer Lendlease to launch Propell Asia, a Singapore-based startup accelerator designed to foster innovative technologies in the Asia Pacific property sector.
The proptech accelerator will select five early stage startups… Read More>>
3.7 Hectare Singapore Project Receives Seven Bids
Singapore has closed a tender on one of the largest sites ever marketed by the government, with seven bids received for the commercial-residential property amid healthy sector interest and a spate of land sales.
The 3.73 hectare (9.19 acre) Sengkang… Read More>>
Shun Tak Ventures Into Singapore Residential With $444M Dual Site Buy
Casino tycoon Stanley Ho’s Shun Tak Holdings has paid S$593.5 million ($444 million) for a pair of luxury residential plots near Singapore’s Orchard Road shopping district, marking the company’s first foray into the residential market in the Southeast Asian city-state.
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