commercial real estate
Cuscaden Peak sells 50% stake in South Australia mall for US$469 million
Westfield Marion Shopping Centre is last piece of the Paragon Reit portfolio to be sold
CICT’s S$3.9 billion Paragon buy draws scrutiny over timing, funding at EGM
Still, unitholders vote overwhelmingly in favour of the proposed acquisition, with 99.96% of votes for it
URA lifts ban on new hotels, hostels and serviced apartments in Boat Quay, Beach Road areas
The government will also pilot schemes in some precincts to test how space can be used to make the city centre more vibrant
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
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
Iran shock upends real estate’s long-anticipated recovery
Institutional investors have reduced their target allocations to the sector for the first time since 2012
Apac commercial real estate investment in Q4 caps strongest year since 2021
The increase pushed full-year investment 12% higher year on year to US$147.6 billion
Anchorpoint shopping centre up for sale with S$295 million guide price
This works out to around S$3,751 per sq ft on its existing net lettable area of 78,636 sq ft
Lower funding costs, firm fundamentals to fuel appetite for Singapore commercial real estate
Office and industrial deals are the flavour of the year; interest in the living and hospitality sectors has also risen
