The Business Times
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Orchard Road

Opinion & Features
THE LEVEL GROUND

Paragon’s value lies in the opportunity for CICT to transform an ageing gem

The trust has the means and expertise to add value to the trophy Orchard Road asset

Hao Mart's first outlet, which is in Whampoa, has been in operation for about 10 years.
Companies & Markets

Hao Mart shuts stores, sinks deeper into losses with four High Court lawsuits looming

Its website lists 20 outlets in Singapore, but only seven are operating

The guide price reflects a rate of about S$2,641 psf ppr, inclusive of the 7 per cent bonus floor area, according to marketing agent ETC.
Property

Prime Orchard condo High Point takes fifth stab at en bloc sale with S$580 million asking price

Market watchers say developers will have to price the finished condo at an average of around S$5,000 psf

CICT is partially funding the mega Paragon purchase by simultaneously selling Asia Square Tower 2 to Malaysia’s IOI Properties for roughly S$2.5 billion.
Opinion & Features
COMMENTARY

The Paragon paradox: CapitaLand’s upscale retail mall scoop is a win – but for whom?

Just a year ago, investors were told that Paragon needed a massive makeover – but that narrative has been flipped entirely

The Reit is exiting Asia Square Tower 2 at an estimated 3% yield and redeploying proceeds into Paragon at a higher 3.9% net yield, notes Darren Chan of Phillip Securities Research.
Property

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

An artist's impression of the proposed new transport hub, which connects the Greater Southern Waterfront, Brani and Sentosa.
Singapore
SINGAPORE BUDGET 2026

Budget 2026: Phase One of Greater Sentosa Master Plan commences with infrastructure upgrades

As for Orchard Road’s refresh, the government will launch a tender to transform 37 Emerald Hill, where the Singapore Chinese Girls’ School used to sit

The owners of Orchard Shopping Centre, built by Far East Organization, are attempting a collective sale for the first time.
Property
SINGAPORE PROPERTY

Ossia’s Goh family picks up S$73 million bloc of 18 strata units at Orchard Shopping Centre

While there are plans to enhance the units’ facades, the buyer will likely wait for greater clarity on the outcome of the building’s collective sale

Cuppage Terrace comprises 17 adjoining Peranakan conservation shophouses.
Property

Cuppage Terrace, next to The Centrepoint, up for sale with S$250 million valuation 

A developer can potentially acquire and redevelop both properties, which are next to each other

The former OG Orchard Point building reopened as Taste Orchard in February 2024, with anchor tenant and supermarket chain Eccellente by Hao Mart occupying three levels.
Property

Graphic: A timeline of the Hao Mart-OG clash

[SINGAPORE] Food and dining-focused mall Taste Orchard has made its waves in the news – from empty units to legal battles among landlord, tenant and a leasing agent ensuing.

The land rate translates to between S$2,800 and S$3,500 per sq ft per plot ratio, depending on the approved development use and intensity.
Property

Singapore Shopping Centre takes another stab at collective sale with S$200 million price tag

Its most recent transaction attempt in August carried the same asking price

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