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>>
Regus’ Co-Working Brand to Open Flagship Centre Near Singapore’s Orchard Road
As $20 billion co-working startup WeWork expands into Southeast Asia, the company behind the world’s biggest serviced office operator is ramping up its flexible workplace presence in Singapore.
Spaces, the co-working arm of European flexible office giant IWG, which also… Read More>>
KPF-Led Group Wins Bid to Design Changi Airport Terminal Five in SG
Global architecture firms Kohn Pedersen Fox Associates (KPF) and Heatherwick Studio have won a bid to design the next major extension for Singapore’s Changi Airport, the sixth-busiest air hub in the world.
The two firms along with Singapore’s Architects 61… Read More>>
CapitaLand Mall Trust Sells SG Mall to Lian Beng JV For $189M
CapitaLand Mall Trust (CMT) has sold the Sembawang Shopping Centre for S$248 million ($189 million), generating a net gain for the Singapore-listed real estate trust of S$119.6 million ($91 million), according to a statement to the stock exchange on Thursday.
Christina Tan Takes Over as Chair of Keppel Data Centre REIT
The manager of Keppel DC REIT, which owns more than one million square feet of data centre space, has appointed Christina Tan as chairman of the board of directors of the Singapore-listed trust, effective Wednesday.
The new role comes in… Read More>>
JP Morgan to Lease 7 Floors in CapitaLand’s SG Office Tower CapitaSpring
JP Morgan has signed up as the first anchor tenant of CapitaLand’s latest skyscraper in downtown Singapore, with the financial services firm agreeing to lease 155,000 square feet of office space spanning seven stories – almost a quarter of the… Read More>>
Yanlord Partners with MCL Land for $692M En Bloc Deal in First Singapore Foray
Shanghai-based Yanlord Land is jumping into Singapore’s residential market for the first time, teaming up with Hongkong Land subsidiary MCL Land to snap up a prime en bloc site in the city-state for S$906.9 million ($691.5 million).
The deal for… Read More>>
IndiGo Air Owner Said to Bid $277M for Hyderabad Project and More Asia Real Estate Headlines
Leading today’s roundup, the owner of India’s top airline is said to be offering over a quarter-billion dollars for a sprawling office complex in Hyderabad that is jointly owned by Singaporean sovereign wealth fund GIC and US developer Tishman Speyer…. Read More>>
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