Kalpana Rashiwala

Kalpana Rashiwala

SENIOR CORRESPONDENT

Kalpana Rashiwala is a senior correspondent with The Business Times. She covers the Singapore property market including investment sales transactions, the office market, shophouses, and the landed residential and luxury condo sectors, among others. She has been with The Business Times for over 20 years. 

Singapore CBD skyline
SINGAPORE PROPERTY

Singapore office rents rise, vacancies ease in Q4 as supply tightens

URA’s vacancy rate for Category 1 offices falls for third consecutive quarter to 9.3%

The 99-year leasehold plot can yield about 480 private homes.
SINGAPORE PROPERTY

Top bid for Dairy Farm condo site is 5.7% lower than that for nearby plot sold a year ago

The S$427 million or S$962 psf ppr offer is from a consortium comprising ABR, LWH, Macly Capital and Roxy Pacific

78 Shenton Way
SINGAPORE PROPERTY

Robert Kuok’s Allgreen Properties nears deal to buy Singapore office block at 78 Shenton Way: sources

The PGIM-managed fund that owns the property is seen exiting at a loss

i12 Katong mall located at 112 East Coast Road, taken on 23 June, 2022.
SINGAPORE PROPERTY

Indonesian tycoon Sukanto Tanoto’s eldest son buying Singapore retail assets: sources

Private vehicle linked to Andre Tanoto said to have picked up Lian Beng’s four big HDB units, is in due diligence for...

The apartments in the rear block of The Centrepoint next to Cuppage Terrace.
HOCK LOCK SIEW

Frasers Property gaining full ownership of The Centrepoint rear block not a sure thing

The dynamic could change if the owner of Cuppage Terrace puts his asset up for sale soon, too

Singapore CBD skyline
OUTLOOK 2026

Singapore office landlords poised to turn more aggressive in rent expectations

Most property consultants project acceleration in CBD Grade A office rent growth in 2026, on the back of tighter supply

Properties on sites approaching lease expiry could be repurposed to alternative interim uses, ranging from sports and recreation to logistics and urban farming – and even much-needed senior housing and assisted-living facilities.
BRUNCH

Seeing gold in decaying leases: Yield, unlocked potential draw property investors to likes of Hotel Miramar

It can be financially feasible to buy properties on sites with declining balance land tenures. As leases near expiry, the path to...

Quayside Isle enjoys stable daily patronage from affluent residents in Sentosa Cove.
SINGAPORE PROPERTY

CDL inks deal to sell Quayside Isle @ Sentosa Cove for S$97.3 million

The buyer is understood to be an entity owned by Patrick Kho

The Clementi Mall is on a site with a 99-year leasehold tenure that began on Aug 31, 2010.
SINGAPORE PROPERTY

Elegant Group entity buys The Clementi Mall for S$809 million

The price works out to about S$4,100 psf on net lettable area; the net yield is 4.1%

Artist impression of the Coastal Cabana executive condominium project.
SINGAPORE PROPERTY

Preview starts for Coastal Cabana executive condo project next to Downtown East

Prices of three-bedders start from S$1.438 million for a 872 sq ft unit, reflecting S$1,649 psf