Commercial & Industrial
Far East inks deal to sell Tuas industrial asset for S$322 million
The buyer is a joint venture that includes units of Hong Kong-listed HPC and CWT, and Ding Zhou group
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
Frasers Hospitality to open 18 new serviced and hotel residences across Asia by 2028
Demand continues to be supported by increased cross-border mobility, longer average stays and evolving work-travel patterns
Bugis Junction Towers put on the market at S$685 million valuation
This works out to S$2,750 psf on net lettable area and a net yield of around 3.5% for the fully let office asset
Mapletree leans into core strength in US logistics as it winds down student housing fund
Disruptions such as trade tariffs have driven US logistics demand as more warehouse space is being leased on reshoring and supply chain adjustments
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
Forsea, Qingjian’s S$1,556 psf ppr top bid sets benchmark for residential land in one-north area
First parcel released in new Dover-Medway estate for a 625-unit project draws six bids
Standard Chartered to sell and lease back two Changi Business Park properties for S$183 million
Lender says move is part of strategy to drive further growth in Singapore, its second-largest market
