The Business Times

Property

Property

Even London’s ever-optimistic brokers see gloom for luxury homes

Savills predicted that prices would drop 4% in 2025 – its most bearish call in years

Truong My Lan, who rose from selling make-up and hair accessories to become one of the nation’s most influential property executives, is facing decades behind bars.
Asean Business

Vietnam to sell tycoon Truong My Lan’s yacht and Hermes bags to pay for fraud

Apart from imprisonment, Lan has to pay about US$27 billion in reparations

New World was pushed to the brink of default last year after a debt-fuelled expansion collided with a deep property slump.
Property

Blackstone in advanced talks to be New World Development’s largest shareholder

Under the proposed deal, the US company would be able to restructure the embattled developer

Notable commercial deals in Q4 2025 include the S$809 million acquisition of The Clementi Mall by an entity linked to The Elegant Group.
Property

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

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Talk of potential departures comes on the heels of speculation surrounding PropertyLimBrothers’ former CEO and co-founder Melvin Lim (left) and former vice-president of strategy Grayce Tan.
Property

Melvin Lim, Grayce Tan step down from KW Singapore leadership roles; Jonathan Lee appointed to lead agency

Rumours of potential exits are circulating within the industry, sources say

The three red lines were introduced in 2020 as a key part of Beijing’s attempt to clamp down on a housing boom that fuelled mountains of debt.
Property

China developers ceased reporting ‘three red lines’ for years

The move signals how dramatically the authorities have changed their position on the real estate sector

The freehold mall comprises two prime retail levels, a basement car park with 130 lots, and a standalone two-storey conservation building.
Property

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

Apartment prices in Seoul have climbed for about a year, rising nearly 9% in 2025 despite a series of government measures, complicating the Bank of Korea’s policy outlook.
Property

South Korea to fast-track housing supply in Seoul to cool prices

The persistent strength in housing prices has added to concerns over household debt and financial stability

Post-acquisition, the relevant authorities will assess the condition of the buildings and structures within 38 Oxley Road, and undertake a detailed study to consider the next steps.
Singapore

38 Oxley Road to be acquired after being gazetted as national monument

This move comes in a bid to ‘safeguard and preserve (the site)’, to keep with its historic significance and national importance

The leadership changes followed online rumours surrounding PropertyLimBrothers CEO Melvin Lim (above) and vice-president of strategy Grayce Tan.
Property

PropertyLimBrothers CEO Melvin Lim, vice-president Grayce Tan resign; Marc Chan appointed interim CEO

The changes follow online rumours surrounding Lim and Tan

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