Indonesian tycoon buys 2 Bt Pasoh shophouses

THE family office of Indonesian tycoon Prajogo Pangestu has picked up a pair of adjoining freehold shophouses in Teo Hong Road in the Bukit Pasoh Conservation Area for nearly S$22 million.
BT EXCLUSIVE

House of Tan Yeok Nee back on the market

THE House of Tan Yeok Nee , a gazetted national monument at the junction of Penang Road and Clemenceau Avenue, will soon be put on the market.

Aurum Land buys all units in Balmoral Gardens for almost S$83m

AURUM Land, the boutique development arm of Woh Hup group, is understood to have done a bulk purchase of all eight units that make up Balmoral Gardens for nearly S$83 million.

Far East bags coveted Holland site for S$1.2b

A CONSORTIUM led by property giant Far East Organization, which has clinched a coveted commercial and residential site in Holland Road, is planning a development with apartments for sale, dual office/residential use units, offices, retail space and serviced residences on the site.
HOCK LOCK SIEW

Will CCT divest Twenty Anson?

OVER the past couple of years, CapitaLand Commercial Trust (CCT) has reconstituted its portfolio and recycled some capital. This has resulted in the trust gaining a bigger presence in Singapore's core office markets of Raffles Place and Marina Bay, while shedding an asset in a city-fringe...

Far East Organization-led consortium clinches plum Holland Road site

A CONSORTIUM led by Far East Organization has been awarded the plum commercial and residential site in Holland Road. Its winning bid was S$1.213 billion or nearly S$1,888 per square foot per plot ratio (psf ppr).

Number of private homes sold by developers up only a tad in April

CONTRARY to earlier market expectations, the number of private homes sold by developers in April rose just 1.8 per cent over March - as they continued what one analyst termed a "leisurely" pace of launches...

Developers sold 729 private homes in April, up from 716 in March, but down 53.5% y-o-y

DEVELOPERS sold 729 private homes in April 2018, up slightly from the 716 units in March 2018 but down 53.5 per cent from the 1,567 units in April 2017.

Ying Li International Real Estate Q1 net profit slips 56% to 4.7 million yuan

YING Li International Real Estate has posted a 56.3 per cent drop in first quarter group net profit to 4.7 million yuan from a profit of 10.7 million yuan in the year-ago period.

CDL posts 16.3% drop in Q1 net profit

New Futura is a 124-unit freehold luxury condo in Leonie Hill Road in prime District 9.

CDL Q1 net profit slips 16.3% to S$80m

PROPERTY and hotels group City Developments Limited (CDL) has posted a 16.3 per cent drop in group net profit to S$80.0 million for the first quarter ended March 31, 2018 from the S$95.6 million net profit in the year-ago period.

Prime heritage play

A NICHE market often bypassed by real estate investors due to its specific guidelines on use, the prime conservation shophouse market in Singapore's city core has been buzzing with activity of late. ...
BT EXCLUSIVE

Alpha fund, CDL tie-up put two office assets on the market

AIMING to cash in on the upturn in the Singapore office market, Alpha Investment Partners and City Developments Ltd (CDL) are understood to have put Manulife Centre in Bras Basah Road, and 7 & 9 Tampines Grande up for sale through separate expressions of interest exercises.

Local retail property market shows signs of emerging from a slump, but strong rebound not expected

SINGAPORE'S retail property market could finally be emerging from the doldrums, following a three-year battle against disruption brought about by technology amid rising operational costs and weak consumer sentiment...

URA retail rental index inches up 0.1% q-o-q in Q1 after 12 straight quarters of declines

THE Urban Redevelopment Authority's rental index of retail space in the central region has posted its first increase after 12 consecutive quarters of decline. The index inched up 0.1 per cent in the first quarter of this year over the fourth quarter of last year...

Office rentals post 2.6% rise q-o-q in Q1, islandwide vacancy eases to 12.5%: URA

THE Urban Redevelopment Authority's rental index of office space in the central region rose 2.6 per cent in the first quarter of this year over the fourth quarter of last year. ...

Ho Bee Land posts 12% drop in Q1 net profit, to begin marketing balance units in Sentosa soon

HO Bee Land, which posted a 12.3 per cent drop in first-quarter net profit, said it will begin marketing for sale its unsold residential apartments in Sentosa Cove this year to take advantage of the upturn in the Singapore residential sector. The group has unsold units in three completed condo...

BlackRock buying Admiralty industrial property for S$106m

BLACKROCK, which exited the Asia Square development in the Marina Bay area last year, is understood to be buying a high-specification light industrial building on Admiralty Street for S$106 million.

Samsung Hub level 20 sold for S$3,550 psf

AN office floor at Samsung Hub along Church Street has been sold for S$46.62 million or S$3,550 per square foot based on its strata area of 13,132 sq ft.
HOCK LOCK SIEW

Could a Singapore heritage shophouse Reit take off?

THE value of shophouse transactions year to date has crossed the S$500 million mark, and is expected to close the year matching if not surpassing last year's tally of S$1 billion - which was the highest in four years...

Oxley tipped to clinch Pei Fu Industrial Building

OXLEY Holdings is expected to clinch Pei Fu Industrial Building off Upper Paya Lebar Road in what could be the first collective sale of an industrial property to be awarded this year.

Keppel Reit's Q1 DPU dips to 1.42 Singapore cents

KEPPEL Reit's distribution per unit (DPU) dipped to 1.42 Singapore cents for the first quarter ended March 31, 2018 from 1.45 Singapore cents in the year-ago period...

Keppel Reit's Q1 DPU dips to 1.42 Singapore cents

KEPPEL Reit's distribution per unit (DPU) dipped to 1.42 Singapore cents for the first quarter ended March 31, 2018 from 1.45 Singapore cents in the previous year, the group said in a Singapore Exchange filing on Wednesday evening...