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Tong building

Orchard Road Office Floor Trades for $24M as Singapore Strata Market Heats Up

2024/09/14 by Christopher Caillavet Leave a Comment

An Orchard Road office floor has sold to a local healthcare group for S$31.3 million ($24 million), deal broker Savills confirmed Friday, as Singapore’s strata market shows signs of picking up amid a broader commercial real estate recovery.

Parkway Hospitals… Read More>>

Visioncrest Commercial_External_Still_E02.tif

TE Capital, LaSalle JV Sells Pair of Orchard Road Floors in Singapore

2024/09/04 by Michael Cole Leave a Comment

Just over a half-year after closing on the $331 million purchase of a commercial building in Singapore’s Orchard Road area, a joint venture of private equity shop TE Capital Partners and LaSalle Investment Management has sold a pair of floors… Read More>>

"King of Cassettes" David Chan Ping-chi

Hong Kong’s Cassette King Sells Two Floors in The Center to DBS for $169M

2024/08/29 by Kevin He Leave a Comment

Hong Kong tycoon David Chan Ping-chi is offloading his remaining holdings in Hong Kong’s fifth tallest building with the sale of his last two floors in the Center, after valuations for space in the 73-storey office tower plummeted by more… Read More>>

David Fassbender PGIM

PGIM Real Estate Nears Sale of Pair of Office Floors on Singapore’s Robinson Road

2024/05/14 by Beatrice Laforga Leave a Comment

PGIM Real Estate is closing in on deals to sell a pair of office floors in downtown Singapore after completing renovations on the 12-storey building between Tanjong Pagar and Raffles Place.

“We have received firm offers and are close to… Read More>>

David Fassbender PGIM

PGIM Selling Singapore’s 108 Robinson Road Floor by Floor as Big Ticket Deals Dry Up

2024/01/16 by Kevin He Leave a Comment

With big ticket office deals becoming an endangered species in the real estate kingdom, PGIM Real Estate has decided to sell off a building in Singapore’s central business district floor by floor, taking advantage of record pricing for smaller scale… Read More>>

sukmawati Widjaja

Indonesia’s Widjaja Family Marketing Commercial Floor in Singapore’s Orchard Area for $57M

2024/01/09 by Beatrice Laforga Leave a Comment

Top Global has put a strata-titled office asset in Singapore up for sale at S$76 million ($57.1 million) as the company owned by Indonesia’s Widjaja family plans to completely exit the commercial building near the Orchard Road shopping strip.

The… Read More>>

VisionCrest Commercial 1

TE Capital in Due Diligence for Office Building in Singapore’s Orchard Area

2023/09/21 by Beatrice Laforga Leave a Comment

Just a few months after wrapping up sales for a project in Singapore’s central business district, local private equity firm TE Capital Partners is doing some building shopping near the city-state’s Orchard Road retail strip as it looks for another… Read More>>

Chavalit Frederick Tsao, chairman of IMC Group

Shipping Firm IMC Buys Office Floor Near Singapore’s Orchard Road for $18M

2023/08/21 by Beatrice Laforga Leave a Comment

An investment company which controls one of Asia’s largest family-owned shipping firms has snapped up an office floor near Singapore’s Orchard Road for S$24 million ($17.7 million) as the city-state’s strata office market continues to gather steam.

IMC Group, founded… Read More>>

Mary Sai Knight Frank Singapore

Singapore Strata Office Sales Slid in 2023 1H as Supply Dwindled

2023/08/06 by Beatrice Laforga Leave a Comment

Despite a boost from a sold-out project in the central business district, trades of strata-titled office assets in Singapore plunged by 20 percent in the first half of the year from the preceding six months as rising interest rates crimped… Read More>>

TE Capital's Solitaire on Cecil

LaSalle-TE Capital Singapore JV Solitaire on Cecil Sold Out in Three Months

2023/06/11 by Beatrice Laforga Leave a Comment

TE Capital and LaSalle Investment Management have sold out the last of the office floors in their Solitaire on Cecil project in Singapore’s central business district less than three months after the official launch, amid strong demand from family offices… Read More>>

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