Singapore commercial property
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
Boom in big-ticket real estate deals keeps Singapore dealmakers on their toes
The price gap between buyers and sellers has narrowed – small enough to find a negotiated middle ground
Singapore retail rents fall 0.6% in Q1 as vacancy rate remains flat: URA
Analysts expect prime retail rents to rise by 1 to 4% in 2026
Frasers Centrepoint Trust in talks to sell White Sands mall for over S$470 million
Local private equity firm TE Capital is said to be the prospective buyer
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
Hong Kong’s Link Reit sells Thomson Plaza retail space for S$250 million
Divestment is priced at a 23% premium to the property’s most recent book valuation
Fortune Reit puts Stars of Kovan retail podium up for sale with S$95 million valuation
The portfolio comprises 36 strata retail units and a basement car park with 80 lots
Record low vacancy pushes Singapore office rents up in Q1, tilts market in landlords’ favour
Global uncertainty and rising business costs may temper near-term demand, but scarce supply keeps rents stable and Reits resilient
Tanoto family’s Pacific Eagle Real Estate seeks S$118 million for Bukit Timah mixed-use property
The company had earlier acquired the site in a 2021 collective sale for S$53.9 million
