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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), […]
AHEAD of its June 28 opening, the new shopping mall at Funan has achieved 95 per cent committed occupancy for its retail space, including Singapore’s first standalone physical Taobao store. Over 60 per cent of the more than 190 brands housed in Funan mall originate from Singapore, CapitaLand said in a regulatory update on Tuesday. […]
This article was published on 24 June 2019. A FREEHOLD strata office floor at Sim Lim Tower in Jalan Besar has been put up for sale by tender with an asking price of S$15 million, marketing agent Edmund Tie & Company (ET&Co) said on Monday. Located on the 15th storey of the 17-storey building, the […]
This article was published on 24 June 2019. A CORNER conservation shophouse on 65 Club Street has been relaunched for sale at an indicative guide price of S$23 million via a public tender exercise. The heritage three-storey building with an attic has a 999-year lease tenure and occupies a land area of 2,083 square feet […]
This article was published on 24 June 2019. THREE adjoining corner shophouses in the Little India heritage area are up for sale with a reserve price of S$11 million, said its marketing agent Cushman & Wakefield on Monday. The properties, with individual land titles, sit on a combined land area of about 3,870 square feet, […]