Commercial & Industrial
Elegant Group entity buys The Clementi Mall for S$809 million
The price works out to about S$4,100 psf on net lettable area; the net yield is 4.1%
Premium Automobiles teeing up to buy Sime Darby Business Centre for S$55 million
Former Audi dealer, which now distributes China EV brands, signs put-and-call option for acquisition of Alexandra Road showroom building
Far East Orchard targets S$3 billion AUM, 110,000 lodging units by 2030
Group doubles down on hospitality and PBSA, plans to recycle capital out of non-core assets
NTUC Enterprise’s Mercatus said to have put 11 retail assets up for sale at S$307 million guide price
Portfolio divided into four bundles; sale will be with existing long-term tenancies to NTUC FairPrice supermarket chain
Tariff pressures leave GP Industries hunting growth in new niches
Battery-maker will pivot to own brands and product innovation to drive growth, amid rising costs and brutal price competition
Aravest, Wee Hur complete S$160 million purchase of former Hotel Miramar Singapore
Price works out to S$465,100 per room; property to be rebranded DoubleTree by Hilton after renovation
Potential buyer shortlisted amid strong interest for Cuscaden Peak’s The Clementi Mall
Entity linked to Zhao Zhichao of The Elegant Group said to be in exclusive due diligence at above the S$750 million guide price
Shophouse sales rebound in Q3 as investor interest returns with lower financing costs
PropNex expects investment demand to remain resilient, supported by Singapore’s safe-haven appeal
Rents rise 2.5% in Q3 for higher-grade office space, but stay put for rest of Singapore market
Steady demand for prime space is being supported by flight to quality and easing interest rates
John Lim’s family office sells conservation shophouse at 65 Club Street for S$21 million
Buyer is linked to UHNW Singapore PR; separately, Swiss national pays S$6,274 psf for unit at The Marq on Paterson Hill
