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Investment market seeing more buzz for office buildings, malls and hotels

The Seletar Mall is expected to be put on market at a guide price of about S$500m; TE Capital is in exclusive due diligence for VisionCrest Commercial

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Kalpana Rashiwala

Kalpana Rashiwala

Published Thu, Sep 21, 2023 · 05:00 AM
    • The Seletar Mall, owned by Cuscaden Peak Investments and United Engineers, is at full occupancy.
    • A quiet marketing process has begun for the 27 office floors owned by AEW at 30 Raffles Place. The guide price of S$725 million reflects S$2,883 psf on the net lettable area of 251,465 sq ft.
    • Home-grown TE Capital is in due diligence for a potential purchase of VisionCrest Commercial at about S$3,000 psf on strata area.
    • Gaw Capital Partners is said to be evaluating an offer of about S$240 million for its Hotel G Singapore in Middle Road.
    • The Seletar Mall, owned by Cuscaden Peak Investments and United Engineers, is at full occupancy. PHOTO: BT FILE
    • A quiet marketing process has begun for the 27 office floors owned by AEW at 30 Raffles Place. The guide price of S$725 million reflects S$2,883 psf on the net lettable area of 251,465 sq ft. PHOTO: GOOGLE MAPS
    • Home-grown TE Capital is in due diligence for a potential purchase of VisionCrest Commercial at about S$3,000 psf on strata area. PHOTO: CBRE
    • Gaw Capital Partners is said to be evaluating an offer of about S$240 million for its Hotel G Singapore in Middle Road. PHOTO: BT FILE

    THERE seems to be a growing wave of excitement in Singapore’s property investment scene for office buildings and malls; the fervour also appears to have extended to hospitality assets.

    With borrowing costs seen to be peaking, some investors are eyeing pockets of opportunities, including potential for exits via strata sales, asset repositioning, or simply taking a longer-term view.

    In the suburban retail sector, Cuscaden Peak Investments and United Engineers are expected to put The Seletar Mall on the market, at a guide price of about S$500 million.

    Commercial & IndustrialSingapore propertySingapore officesSingapore retailHotelsSpotlight

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