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. 

The 16-storey Capri by Fraser China Square opened in 2019.
SINGAPORE PROPERTY

BlackRock evaluating S$330m hotel purchase in Singapore CBD, Chinatown area

The price for Capri by Fraser China Square is expected to be about S$330 million; the hotel is on a long lease with a balance of about 69.5 years

The site in Peck Hay Road can yield about 315 private homes, according to URA.
SINGAPORE PROPERTY

CDL, Hong Realty trump 3 other bidders with S$542.4 million offer at S$1,865 psf ppr for Peck Hay plot

This is 2.5% more than the S$1,820 psf ppr fetched for a nearby plot next to Newton MRT interchange station in November

The pair of freehold bungalows in Belmont Road will be torn down by the Ong family members to build new houses.
SINGAPORE PROPERTY

Lian Beng Group’s Ong family members pick up two bungalows in Belmont Road for S$60 million

The price works out to S$1,437 psf on the total land area of 41,741 sq ft

The Ministry of National Development released the government land sales programme for private residential, commercial and hotel sites for the second half of 2026 on Wednesday.
SINGAPORE PROPERTY

Land for 4,745 private homes supplied in H2 2026 GLS confirmed list, including Jurong Lake District white site

The Town Hall Link site will be launched for tender in July to advance the development of the Jurong Lake District

Cassandra Loh aims to continue building "services around the real needs of patients and families".
SINGAPORE COMPANIES

Thomson Medical Group names Cassandra Loh as acting CEO for its Singapore operations

She will take over from Lee Suen Ming, who will be leaving to ‘pursue personal interests’

The Huntingwood Logistics Estate will provide up to 114,005 square metres of modern warehousing space.

ESR, Mitsubishi Estate Asia team up for A$700 million Western Sydney logistics estate development

This is the second partnership between the two in two years as they expand their presence in Australa’s high-demand logistics sector

The bungalow's transacted price works out to about S$3,169 psf on the freehold land area of 23,979 sq ft.
SINGAPORE PROPERTY

Shanda co-founder sells Tanglin Hill bungalow for S$76 million

The price is nearly double the S$38.8 million Chrissy Luo paid for the property in 2011

The space Allianz has leased is in the low zone of the 32-storey Shaw Tower.
SINGAPORE PROPERTY

Allianz said to have leased about 78,000 sq ft at Shaw Tower

The group is set to relocate from CapitaSky; space to be vacated seeing strong demand amid tight supply

The price paid for the Shi family’s latest bungalow purchase in Cluny Hill works out to S$2,295 psf on a land area of 37,036 sq ft.
SINGAPORE PROPERTY

Haidilao co-founder’s family buys second bungalow in Cluny Hill for S$85 million

CK Tang family’s Victoria Park Close mansion sells for S$63 million

Singapore is experiencing its tightest office supply in years, say property consultants.
BRUNCH

The Great Singapore Office Sale: What’s driving the surge in deal activity in the office market?

Lower interest rates are helping to fuel a resurgence in Singapore office investment sales. But will there be takers for all these chunky deal sizes?