Real estate

Hongkong Land hives off MBFC Towers 1 and 2, One Raffles Quay into new S$8 billion Singapore private fund

It will be Singapore’s biggest private real estate fund; move follows divestments of other major assets

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.

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.

Lai Sun Development entered into an agreement to sell a 50% stake in the 27-storey office tower to Jasmine Investment Development IV.

JD.com to buy stake in Hong Kong’s CCB Tower for HK$3.5 billion

Lai Sun Development has been seeking to offload assets to improve liquidity

While overall lending standards remain sound, APRA noted a recent uptick in riskier loans as interest rates fell and housing credit growth climbed above its long-term average.

Australia to cap high debt-to-income home loans from February to curb housing risks

AUSTRALIA’S regulator on Thursday said it will impose a cap on high debt-to-income (DTI) mortgage lending from February, aiming to address housing-related vulnerabilities amid rising credit growth and...

Alan Tang, Far East Orchard's group CEO, says the Covid-19 pandemic helped the company to firm up its resolve to diversify and strengthen recurring income beyond hotels.
TOPLINE

Beyond hospitality: Far East Orchard leans on student accommodation for recurring income

It aims to expand the segment and build up fund management capabilities 

Normanton Park condominium was the most popular non-landed residential project in Q3, with 199 leasing deals recorded.

Uncertainty over hiring, relocation clouds outlook for Singapore rentals after brisk Q3: Savills

Q3 jump in leasing activity may be masking underlying weakness as expat inflows contract

Dollar debasement is negative for holders of US cash and fixed-income assets, as the market has little control over the policies that underpin or undermine trust in the US dollar.
CIO CORNER

Real assets get their day in the sun

Their attractiveness is being boosted by the confluence of policy and macroeconomic forces in today’s global markets

The Sen, located just off Jalan Jurong Kechil, is the final new project to hit the market this year.

The Sen in Upper Bukit Timah sells 23% of units at launch weekend at average S$2,358 psf

While sales were measured compared to recent launches, developer Sustained Land remains encouraged by the ‘healthy interest’ in key unit types