Singapore THE Urban Redevelopment Authority (URA), on behalf of the Ministry of Health (MOH), has launched a site in Gibraltar Crescent for sale by public tender to pilot a new residential care community concept for people with dementia. The site, with a 30-year lease, is near Sembawang Park and comprises a cluster of 10 state […]
Singapore SINGAPORE Shopping Centre has put itself on the collective sale market with a reserve price of S$255 million. The seven-storey retail and office development, located at 190 Clemenceau Avenue in the Orchard area, spans a land area of 2,449.8 sq m. It is zoned for commercial use under DMP19 with a plot ratio of […]
REAL estate investment sales surged 49 per cent quarter on quarter on the back of big-ticket office-sector deals. The second quarter of the year recorded S$6.7 billion in real estate investment sales, with 52 per cent of that figure coming from commercial deals, said a Cushman & Wakefield (C&W) report. The quarter’s two largest office-space […]
STRUCTURAL people-driven trends such as ageing populations, labour shortages, changing consumer preferences and climate change will continue to present unique challenges for the real estate sector, both globally and within the Asia-Pacific region as real estate occupiers and owners increasingly adapt and innovate to mitigate associated risks and unlock opportunities. In Asia-Pacific, changing consumer preferences […]
Singapore FRASERS Logistics & Industrial Trust (FLT) is planning to acquire 12 freehold logistics properties – nine in Germany and three in Australia – from its sponsor Frasers Property for A$644.7 million (S$612.5 million). FLT, a real estate investment trust (Reit), entered into sale and purchase agreements with Frasers Property’s subsidiaries, FLT’s manager said on […]
The article was published on 3 July 2019. CAPITALAND will combine Ascott Residence Trust (Ascott Reit) and Ascendas Hospitality Trust (A-HTrust) to make the largest hospitality trust in the Asia-Pacific and the eighth biggest globally, with a total asset value of S$7.6 billion. The combined entity will also be the seventh largest trust listed on […]
MARKET watchers are anticipating strong demand for a residential-with-commercial site at one-north Gateway, launched for sale by the Urban Redevelopment Authority (URA) on Thursday, with the analysts’ expected top bids ranging from S$900 to S$1,200 per square foot per plot ratio (psf ppr). Also launched for sale by application under the first half of the […]
UP-TO-DATE laws for Singapore’s digital economy may include the use of blockchain and smart contracts. Property deals and other paper contracts could also go fully digital, in a set of planned tweaks to the law, according to Minister for Communications and Information S. Iswaran. As digitalisation changes how businesses and consumers deal with one another, […]
PRICES of completed private apartments and condominiums in Singapore inched up 0.2 per cent in May from the previous month, continuing its advance after an upwardly revised 0.3 per cent increase in April. The figures are flash estimates released on Friday by the National University of Singapore (NUS) for its Singapore Residential Price Index (SRPI), […]