ESR establishes 1.6 billion yuan dedicated renminbi income fund

The fund is expected to acquire two ESR logistics and industrial assets in Shanghai and Suzhou

The Iran war has undone US developers’ efforts to lower direct costs – including materials and labour – as rising oil prices lift outlays for petroleum-based products such as asphalt roofing and PVC.

US homebuilders set for another ‘lost’ earnings season

The builders’ confidence falls to a seven-month low in April as a result of the array of setbacks

CapitaLand Integrated Commercial Trust on announced the acquisition of Paragon mall from Cuscaden Peak for S$3.9 billion on Apr 20.

Paragon’s journey from car showroom to S$3.9 billion jewel

BT traces the rich history of the iconic Orchard Road mall

Located next to Pasir Ris MRT station, White Sands is on a site with 99-year leasehold tenure from May 1993; this leaves a balance of about 66 years.
SINGAPORE PROPERTY

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

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Ayala Land said sales of luxury and premium condominiums have been tepid amid a slower economy that has been partly due to a corruption scandal in the government’s infrastructure projects.

Top Philippine homebuilder Ayala Land pauses luxury tower on war fallout

The builder is cutting its launches of premium and core residential projects by half

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.

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

Developers' confidence in taking on new condo projects is supported by pro-housing policies.
THE LEVEL GROUND

Reckless housing land bids? Developers’ faith in Singapore government can pay off

The Middle East war may hurt demand and raise costs, but authorities have led the nation through crises before

Zohran Mamdani is framing the tax drive as a way to increase affordability and improve services for average New Yorkers.

New York mayor says second-home levy plan is key step to tax the rich

The state’s governor Kathy Hochul has said the tax would cover about 13,000 properties

The property plan of the parish of St Ann Blackfriars in London discovered by Lucy Munro, professor of Shakespeare and early modern literature at King's College London.

Shakespeare bought one property in London. Now we know exactly where

In confirming the precise location of the Bard’s Blackfriars house, a British scholar raises fresh questions about what he intended to do with it