CapitaLand and CDL team up again - this time for Sengkang mixed development

FOR the first time in about a decade, property heavyweights CapitaLand and City Developments are teaming up for a project in Singapore.

CapitaLand-CDL tie-up clinches Sengkang Central site for S$777.78m

A CAPITALAND and City Developments Ltd (CDL) tie-up has clinched a commercial and residential site in Sengkang Central. Their winning bid of S$777.78 million  works out to S$923.59 per square foot per plot ratio (psf ppr) for the 99-year leasehold site next to Buangkok MRT Station.

Rush to beat cooling measures sends developers' sales to 16-month high

THE knee-jerk reaction by some buyers who raced to snap up private residential properties on the night of July 5 to beat the cooling measures that kicked in the next day sent developers' sales for July to its highest level in 16 months...

New cooling measures fuel July surge in Singapore private home sales

DEVELOPERS in Singapore sold 1,724 private homes in July 2018, about 2.6 times the 654 units they moved in June 2018 and up 55 per cent from the 1,112 units they sold in July 2017.
BT EXCLUSIVE

Wangz Hotel being sold for S$46m

WANGZ Hotel, the distinctive barrel-shaped aluminium-clad building at the corner of Outram and Tiong Bahru roads, is being sold for S$46 million.

Ho Bee Land Q2 net profit nearly doubles to S$71.5m

HO Bee Land has posted net profit of S$71.5 million for the second quarter ended June 30, up 98.1 per cent from the S$36.1 million net profit in the year-ago period.

Latest cooling measures to bite harder than earlier ones: CDL

THE group chief executive of City Developments Ltd (CDL), Sherman Kwek, says the impact of the property cooling measures rolled out last month will be rather different from that in the 2010-to-early-2013 period.

CDL's Q2 profit surges 80% to S$204.8m on strong residential sales

CITY Developments Limited (CDL) on Wednesday reported a second quarter net profit of S$204.8 million, up 80 per cent from S$114.1 million the year ago. <em>(<a href="#Amendment%20note">see amendment note</a>)</em>...
HOCK LOCK SIEW

Things still hunky-dory for co-working operators, but test will come during a business downturn

LAST year, some watchers of the office-space market were predicting consolidation in the co-working space sector here.
BT EXCLUSIVE

Robinson 77 put on the market by CLSA

RIDING on the current buoyant Singapore office market, a fund managed by CLSA Real Estate has put Robinson 77 up for sale.
TOPLINE

Takashimaya Singapore rises to the challenge

TAKASHIMAYA Singapore, which is celebrating the 25th anniversary of the opening of its department store on Orchard Road, looks to achieve a 3 to 4 per cent increase in sales this year, after posting flat growth last year.

Central area retail rents, prices resume slide after short recovery

THE Urban Redevelopment Authority's rental and price indices for retail space in Singapore's central region both resumed their downtrend in the second quarter after inching up briefly in the previous quarter...

Strong net absorption of office space in first half

RENTALS as well as prices of office space in the central region of Singapore continued to climb in the second quarter, show latest government numbers.

Singapore's retail rents slip 1.1% in Q2, vacancy rate eases to 7.3%: URA

THE Urban Redevelopment Authority's (URA) rental index of retail space in the central region slipped 1.1 per cent in the second quarter of 2018 over the previous three months...

Office rentals rise by slower 1.6% in Q2, up 9.4% from year ago: URA

OFFICE rents in the central region of Singapore rose 1.6 per cent in the second quarter of this year over the previous three months, property data from the Urban Redevelopment Authority (URA) on Friday showed.

Sengkang EC site triggered for public tender

AMID the crunch of executive condo (EC) units, a site in Sengkang designated for this public-private hybrid housing type has been triggered for launch from the reserve list of the Government Land Sales (GLS) programme.
BT EXCLUSIVE

Far East buys 27 residential units in ex-AA Centre

FAR East Organization, which acquired the first six levels of the former AA Centre in River Valley Road in 2013, is buying 27 of the 28 residential units on the upper floors of the 14-storey, freehold building.

AEW boosts Singapore office exposure

AEW is increasing its presence in the Singapore office market. The US-based global institutional property investment manager is understood to be the buyer of 55 Market Street in the traditional Raffles Place financial district.

Three families jointly sell Telok Kurau bungalows for S$37.89m

THREE unrelated families are selling their adjacent bungalows along Lorong H Telok Kurau in District 15 to a developer for S$37.89 million. ...
BT EXCLUSIVE

Allianz deal latest to mark office rent upturn

ALLIANZ is understood to have entered into a lease at ASB Tower, the new development coming up on the former CPF Building site in Robinson Road, at a gross signing rental of around S$11.50 per square foot (psf) a month.
BT EXCLUSIVE

UK group in exclusive due diligence for Manulife Centre

BRITISH property group Chelsfield is understood to be effecting exclusive due diligence on Manulife Centre in Bras Basah Road with a view to purchasing the 11-storey commercial building.
PROPERTY CURBS

En bloc fever set to be tamed, big sites at greatest risk: analysts

PROPERTY consultants generally do not expect the latest property cooling measures to bring the current en bloc cycle to a complete halt, though things will slow down drastically.
BT EXCLUSIVE

Loh Lik Peng sells Wanderlust Hotel

WANDERLUST Hotel along Dickson Road in the Little India Conservation Area, is changing hands.