Commercial property
Singapore billionaire population more than doubles as Apac wealth surges: Knight Frank
The number of ultra-high-net-worth individuals has grown by 54.5% in 2021 to 7,171 this year
S$3.9 billion Paragon acquisition seals CICT’s dominance in downtown retail, adds medical exposure
Deal, to be partly funded by S$2.5 billion divestment of Asia Square Tower 2 to IOI, seen as ‘tactical swop’; may yield redevelopment potential on freehold Orchard Road parcel
Three floors of Suntec Towers 1 and 2 on sale for S$135 million
The guide price translates to an average of about S$3,350 per square foot
Mapletree leans into core strength in US logistics as it winds down student housing fund
Disruptions such as trade tariffs have driven US logistics demand as more warehouse space is being leased on reshoring and supply chain adjustments
Pek Chuan Building back on the market at same guide price of S$80 million
This is owners’ second attempt to sell the four-storey commercial building
A fresh start for Jurong Lake District with Town Hall Link site released
Government to invest in key infrastructure to reduce uncertainties for developers; project will add at least 40,000 sq m of new office space
CDL eyes chances to unlock value from commercial portfolio, keeps options open for mature assets
Its revamped City Square Mall has about 26,000 sq ft more in gross floor area and new leases at higher rental rate
FLCT logs positive rental reversions in Q1, boosted by logistics and industrial segment
However, its commercial side recorded negative rental reversions
Seeing positives for Singapore Reits from investors’ support of Keppel Reit’s DPU-dilutive MBFC Tower 3 acquisition
With demand for office trusts focused in the Republic despite lower yields, more capital should be allocated domestically
Singapore property investment sales reach S$34.1 billion in 2025, highest in 8 years
Savills expects 2026 figure to be on a par, amid lower financing costs, asking prices and opportunities for asset repositioning
