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#35-16 International Plaza, Singapore 079903

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Singapore shophouse sales hit record S$1.9b in 2021

Singapore shophouse sales hit record S$1.9b in 2021

SHOPHOUSE sales in Singapore hit an all-time high value of S$1.9 billion in 2021, up by approximately S$1 billion from the year before, according to Knight Frank’s latest market update on Jan 24. The real estate consultancy attributed 2021’s record sales value to bullish investor sentiment, which came on the back of an economic rebound. […]

FLCT to divest Cross Street Exchange for $810.8 mil

FLCT to divest Cross Street Exchange for $810.8 mil

The manager of Frasers Logistics & Commercial Trust (FLCT), on Jan 24, announced that it has divested Cross Street Exchange to an unrelated third-party purchaser for a consideration of $810.8 million. The consideration amount represents a 28.3% premium to the leasehold property’s book value of $632.0 million as at Sept 30, 2021, and will be […]