The Business Times
Chong Xin Wei

Chong Xin Wei

JOURNALIST

Chong Xin Wei is a journalist at BT’s property desk. She is a graduate of the Wee Kim Wee School of Communication and Information.

emailcxinwei@sph.com.sg
The property giant engaged a global advisory firm around September last year to conduct a review of its strategy and operations.

CDL undertakes review to relook strategy, optimise portfolio and capital recycling

It plans to divest UK development platform by end-2026, says group CEO Sherman Kwek

Soon Su Lin, Frasers Property Singapore CEO, says the acquisition allows the group greater flexibility to unlock the site's long-term potential, including assessing broader rejuvenation plans for the area.
SINGAPORE PROPERTY

Frasers Property defends turf with S$391.9 million acquisition of The Centrepoint rear block

This will allow the group to consolidate adjoining sites for a major redevelopment in the future

The bungalow was previously the residence of Cheong Eak Chong, one of Singapore’s pioneer real estate developers and founder of Hong Fok Corporation and Tian Teck group.

Receivers put one-seventh stake in Cheong family’s Oxley Rise mansion on the block

The prime freehold residential landed plot was put up for sale in 2022 at S$300 million

The sale of the site is not expected to incur additional buyer’s stamp duty for the developer, as the plot currently has a Business 1 zoning.

Tan Boon Liat Building in Outram up for sale again at lower S$1 billion reserve price

The price tag translates to a land rate of about S$1,757 psf ppr

To help SMEs navigate these challenges, Asme president Ang Yuit says the government can assist firms in understanding the legal frameworks arising from the new tariffs.

Singapore SMEs brace for choppy trade waters as US tariffs rise to 15%

Sustained investment in R&D would enable companies to ‘create foundational values rather than just value-add’, says Asme president

DPM Gan notes that the government is monitoring the situation closely and will engage its US counterparts to seek clarity on the implementation of the new Section 122 tariffs.

Singapore's edge intact amid Trump's 15% tariff threat, but support measures on standby

Opportunities for Singapore to do business with US still exist even if tariffs are applied

Adoor Apartment Wuxi (East New City) offers 240 premier units, ranging from studio apartment of 205 sq ft to one-bedroom unit of 388 sq ft.

Ascott, Frasers scale up in China rental housing to tap fast-growing market

Hospitality players are banking on a mindset shift driving young professionals into premium rentals

House+ Bubble’s facilities include a women’s hot spring pool, with adjustable water temperatures.

Chinese wellness operator House+ Bubble opens 24-hour spa complex in Perennial Business City

The company is leasing 49,000 sq ft for Phase One, and has plans to expand it to 100,000 sq ft 

Among the three market segments, Outside Central Region led in condo and private apartment sales, accounting for neary 40% of sales in January.

January new home sales down 57% yoy at 466 units, with two new projects launched

Including executive condominiums, 990 units are sold that month with 1,534 units launched

OUE is expected to record an impairment loss due to its investment in Gemdale Properties and Investment Corporation.

OUE to book net loss for FY2025 on China exposure, impairment loss

It owns 29.07% of an investee company whose business is adversely impacted by the slowdown of the property market in China

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