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Ascott opens co-living property in One North

Ascott opens co-living property in One North

The Ascott, CapitaLand Investment’s wholly owned lodging business unit, has launched lyf one-north Singapore, its first co-living property in the business park. The seven-storey lyf one-north Singapore comprises two towers connected via link bridge, and has a total of 324 units. The co-living property is a two-minute walk from the one-north MRT Station, and a […]

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 […]

Sembawang site put up for sale to pilot dementia-care village

Sembawang site put up for sale to pilot dementia-care village

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 […]

Property investment sales up 49% in second quarter

Property investment sales up 49% in second quarter

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 […]