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.

The limited availability of vacant space in tier one retail malls has supported landlord pricing
 power despite heightened retail tenant churn, says Cushman & Wakefield.
OUTLOOK 2026

Prime retail rents seen rising further in 2026 with tenant demand firm amid tight supply

Market watchers expect increases of between 1% and 4%, with city centre malls likely outperforming suburban centres

Benjamin Boh, president of the Restaurant Association of Singapore, said operators are generally more sensitive to food cost inflation than rent.

Singapore F&B players push for more changes in import rules to ease food cost squeeze

Operators laud moves to diversify food sources, say more can be done to help local business compete against global players with strong...

The new facility at 8 Jalan Besut (above) is one of the tallest automated cold-chain food logistics facilities in the world.

Commonwealth Kokubu Logistics taps Japan’s Mitsui OSK for regional cold-chain expansion

A cold-chain food logistics facility with 500,000 sq ft of space in Jurong is a key part of CKL’s growth plan

The Peirce Road property is held jointly by Tan Huan Gie Nee Ong and Tan Cheng Han.
SINGAPORE PROPERTY

Peirce Road GCB jointly owned by Jopie Ong’s sister and kin of Tan Kah Kee being sold for S$148 million

The transaction, now at option stage, would be the biggest Good Class Bungalow deal done in years

Including executive condos, 346 units were sold in November, with 347 units launched.

New home sales shrink in November after October spike, with only one project launched

Developers sell 325 units, down 86.6% from October’s high, and 87.3% lower on a year-on-year basis

Towns with the largest number of flats reaching MOP in 2026 include Punggol, Queenstown and Toa Payoh, say marketwatchers.
OUTLOOK 2026

Modest HDB resale price growth expected in 2026 amid rising supply

Analysts project resale prices of Housing & Development Board flats to rise by 1-5%

Proceeds from the sale of 51 Merchant Road (above) will be redeployed to improve working capital and fund higher-yielding initiatives.

Raffles Education sells 51 Merchant Rd to LaSalle JV for S$121.8 million; reaps S$53 million gain

Four-storey commercial building with conserved buildings and basement car parks sold for about 78% over book value

The state-land site at Bedok Rise is expected to yield some 380 private homes.
SINGAPORE PROPERTY

Bedok Rise site draws 10 bids, topped by Allgreen Properties’ S$1,330 psf ppr

Top bid is higher than expected, and comes after Bayshore parcel was sold for S$1,388 psf earlier this year

As more singles seek to purchase their own homes, the government has expanded public housing options in recent years.

Average HDB household size shrinks further, with 1-person households rising to 1 in 6

While most seniors prefer not to sell and move, more singles living with their families plan to buy their own home, HDB...

Rendezvous Grand Hotel Melbourne, in Australia, is Far East Orchard's asset. The group plans to expand its lodging platform across key geographies.

Far East Orchard targets S$3 billion AUM, 110,000 lodging units by 2030

Group doubles down on hospitality and PBSA, plans to recycle capital out of non-core assets