BT EXCLUSIVE

AEW sells Rivervale Mall for S$230m to SC Capital Partners

US-BASED property fund manager AEW has sold Rivervale Mall in Sengkang for S$230 million, BT understands.

Spanish tycoon paying huge premium for Stanley St shophouse

SPANISH tycoon Ricardo Portabella Peralta continues to expand his portfolio of conservation shophouses in Singapore, paying nearly S$22.1 million for a three-storey conservation shophouse at 29 Stanley Street in the Central Business District (CBD).

At least three new freehold projects on sale

SALES for at least three freehold projects are slated to begin on either Friday or during this weekend: Boulevard 88 in a traditional prime district, One Meyer next to the upcoming Katong Park MRT station and 1953 along Tessensohn Road.

HOCK LOCK SIEW

Many ways for Oxley to exit its Chevron House investment

SINCE the start of this year, Oxley has unveiled a few divestments. On Jan 21, the group announced the sale of two offices blocks (Blocks 4 and 5) of its Dublin Landings project in Ireland for a total of 204 million euros (or S$315 million). This was followed by the announcement on Jan 28 of a...

Development charges for hotel use jump 45.6%

AMID waning interest in private residential developments sites following last July's cooling measures, development charge (DC) rates for non-landed residential use have been lowered for the first time in three years....

Development charge rates cut for non-landed residential use, but raised for hotel, commercial uses

THE government has cut development charge (DC) rates for non-landed residential use by 5.5 per cent on average.

WeWork said to be in advanced talks to lease 100,000 sq ft in MYP Centre

US-based co-working space provider WeWork is continuing to expand in Singapore.

UOL targeting two launches in Q2

UOL Group, which posted a 51 per cent drop in full-year net profit due mainly to one-off gains in the preceding year, is getting ready to launch two Singapore residential projects in the second quarter of this year.

UOL full-year net profit slips 51% on one-off gain in previous year

UOL Group on Tuesday posted a 51 per cent drop in group net profit to S$433.7 million for the year ended Dec 31 from S$880.2 million in the preceding year, due mainly to a S$535.6 million gain recognised upon the consolidation of the United Industrial Corporation group (UIC) in FY2017.

CapitaLand taking step back from Singapore housing sector unless price is good

CAPITALAND, which is planning to launch two Singapore residential projects this year, does not expect to actively look for opportunities in the sector unless it can get "good pricing", said the group's chief executive and president, Lee Chee Koon....

8M Real Estate buying shophouses worth S$144m

8M Real Estate is buying about S$144 million in shophouses in four transactions involving 10 shophouses in Tanjong Pagar Road, Amoy Street, Gemmill Lane and Lorong Mambong.

Big project launches expected to drive home sales from March

PROPERTY consultants are expecting the pace of developers' private housing sales volumes to quicken from March as they start rolling out big projects in the suburbs....

New private home sales in January down 28.1% from December; 17.8% lower on year: URA

DEVELOPERS in Singapore sold 433 private homes last month, down 28.1 per cent from the 602 units they moved in December 2018, and also 17.8 per cent lower than the 527 units they moved in January 2018.

BT EXCLUSIVE

RB Capital said to be in exclusive due diligence on Andaz hotel at Duo

RB Capital is understood to be conducting exclusive due diligence for Andaz Singapore at the Duo project with a view to buy the 342 room hotel.

ARA sells six levels at Suntec City for about S$160m to Alpha Investment Partners

THE wave of office investment sales continues as investors ride on the Singapore office rental recovery story. Two substantial deals involving strata offices were recently sealed - one in Suntec City, and the other at The Octagon in Cecil Street.

TOPLINE

A passion for real estate

HERMAN Chang, founder and managing director of property development and hospitality group Macly, decided in his teenage years that he wanted to make money out of real estate.

GCB market to take a breather this year?

THE Good Class Bungalow (GCB) market may take a breather in 2019 from the strong showing last year, according to some observers, who highlight among other things an exceptionally high base in 2018, with several big-ticket transactions.

Singapore is highest ranked Asian city in Savills Tech Cities index

SINGAPORE has emerged sixth in Savills World Research's global rankings of 30 tech cities, making it the highest-ranked Asian city....

MAS named Central Bank of the Year by London-based publisher Central Banking

THE Monetary Authority of Singapore has been named Central Bank of the Year by London-based publisher Central Banking. 

Anson House to be put on market soon

ANSON House, sited near Tanjong Pagar MRT station, is expected to go on the market soon.

BT EXCLUSIVE

Bungalow in Jervois Hill sells for S$30.88m

THE Good Class Bungalow (GCB) market has seen what is believed to be its first major deal this year, with a property on Jervois Hill changing hands for S$30.88 million.

Retail property market may be on stronger recovery footing

A WAVE of cautious optimism has washed over the retail property market. This follows quarter-on-quarter upticks of above 1 per cent in the Urban Redevelopment Authority's retail rental and price indices for Singapore's central region. This was the first time both indexes had risen by...

URA office rental index grows at slower clip in Q4, points to smaller hike in office rents this year

OFFICE rents are poised for a smaller hike this year than the increase last year, going by the slowdown in the pace of growth in office rents in the fourth quarter of 2018.

Singapore retail rents rise 1.2% in Q4; vacancy rate rises to 8.5%: URA

RENTS for retail space in the central region of Singapore rose by 1.2 per cent in the fourth quarter of 2018 over the previous three months - contrasting with the drop of 1.2 per cent in the third quarter, according to data released by the Urban Redevelopment Authority (URA) on Friday. 

Singapore office rents ease to 0.5% rise in Q4; vacancy rate climbs to 12.1%

RENTS of office space in the central region of Singapore rose by 0.5 per cent in the fourth quarter of 2018 over the previous three months - a slower pace of gain compared with the 2.5 per cent rise in the third quarter, figures from the Urban Redevelopment Authority (URA) showed on Friday.