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.
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NTUC Enterprise’s Mercatus said to have put 11 retail assets up for sale at S$307 million guide price
Portfolio divided into four bundles; sale will be with existing long-term tenancies to NTUC FairPrice supermarket chain
Plum Newton site garners 8 bids, topped by HH Investment at S$566.29 million or S$1,820 psf ppr
The top bid is higher than the S$1,300 to S$1,600 psf ppr predicted by analysts polled by The Business Times
Dalvey Road GCB sells for S$61 million, Victoria Park bungalow fetches nearly S$52 million
Price paid by philanthropist for Dalvey Road property reflects S$4,045 psf on freehold land area of 15,081 sq ft
Kingsford places top bid of S$918.3 million or S$1,326 psf ppr for first condo plot on former Keppel Club site
Plot draws just two other bids; big quantum seen to have kept some bidders away
Aravest, Wee Hur complete S$160 million purchase of former Hotel Miramar Singapore
Price works out to S$465,100 per room; property to be rebranded DoubleTree by Hilton after renovation
Potential buyer shortlisted amid strong interest for Cuscaden Peak’s The Clementi Mall
Entity linked to Zhao Zhichao of The Elegant Group said to be in exclusive due diligence at above the S$750 million guide...
Rents rise 2.5% in Q3 for higher-grade office space, but stay put for rest of Singapore market
Steady demand for prime space is being supported by flight to quality and easing interest rates
UOL-led consortium places top bid of S$524.3 million for Dorset Road private-housing site
Its offer works out to S$1,338 psf ppr, just 1% above the second-highest bid; URA tender fetches total of nine bids
Swiss national buys 3,057 sq ft unit at The Marq on Paterson Hill for S$6,274 psf
The buyer is understood to be Kristian Jebsen, whose family is selling out of integrated global shipping company Gearbulk Holding
John Lim’s family office sells conservation shophouse at 65 Club Street for S$21 million
Buyer is linked to UHNW Singapore PR; separately, Swiss national pays S$6,274 psf for unit at The Marq on Paterson Hill
