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
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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
CDL acquires Hilton Paris Opera Hotel from Blackstone funds for 240 million euros
Vang Shuiming pleads guilty to money laundering, forgery charges
Big-name funds pile into real estate debt as banks retreat
CK Asset cuts prices for Hong Kong houses by a third to boost sales
UK housing rents driven by record migration, analysis finds
Chinese builder Agile defaults for first time on dollar bonds