Singapore, a paradise of natural and man-made scenic beauty, is home to a large population with diverse global cultures. Apart from opening up panoramic views for travelers, Singapore is also known for its highly developed market economy. It significantly contributes to the various sectors...
In 2018, a collaboration between Chinese developer Yanlord Land Group and MCL Land (known collectively as Asia Radiant) bought Tulip Garden condo for $906.9million. In its place, a brand new freehold condo Leedon Green will be built, and is scheduled for launch in 2020.
Home sales volumes rose 91% from the previous year in October to 928 units. This was a fall of 27% compared to Sept 2018 despite three new major project launches. Year to date volumes are up 13% compared to the same...
Ki Residences is an upcoming new condo launch within the serene confines of Sunset Way (former site of Brookvale Park). Located at a sprawling upper class enclave, Ki Residences offers privacy, exclusivity and tranquility, away from the hustle and bustle of city life.
Here's the Singapore government's revenue and expenses from 2014 to 2019. Figures are from the official Ministry of Finance's (MOF) budget website. An estimated S$117b of total receipts was collected in 2019. Singapore total receipts revenue ...
MAS warns of risks over new property sales tactic where agents have been pitching to flat-owners to sell their HDB flat and use the proceeds to make down payments on two private condos under separate names, one for the family’s occupation and the other to be rented out. The value...
Chinatown Plaza was sold for $260 million in May 2018. Outline planning permission for a serviced apartment with commercial use has also been granted by URA. In other words, a rare freehold mixed development will be built in its...
AREIT's proposed $1.66bn acquisition and fund raise AREIT has announced the acquisition of a portfolio of 28 business parks in the US and two BPs in Singapore from its sponsor CapLand, for a combined S$1.66bn (S$1.71m incl transaction cost).  The US portfolio makes up...
A property roadshow was done by an international investment bank recently and the following was feedback from the event. Recent property news also listed below. Singapore Property and REITs: Key marketing feedback included a reluctance to shift to developers from S-REITs...
Linq at Beauty World is an upcoming mixed freehold development situated at the premium Bukit Timah area. Given its optimal location, and as one of the rare mixed developments in the vicinity, Linq at Beauty World is poised to be one of the...
Property prices (landed and non landed) rose 1.3% on a quarterly basis in 3Q2019. This is slightly lower than 2Q2019's 1.5% increase, but still a good showing. Landed property prices rose 1.0%, compared to -0.1%...
Puma to lease $25m Melbourne warehouse from Frasers Frasers Property Australia has secured global sports brand Puma as a tenant in a new A$25m speculatively built warehouse in Melbourne's south-east, highlighting the strong demand for logistics space from retailers. “Our strategy to build several...
Shell Cove’s Waterfront Tavern site sold following tender Shell Cove’s Waterfront Tavern is a step closer to welcoming its first customers after exclusive agency HTL Property announced the sale of the site to the locally based Balmoral Hospitality Group. “On behalf of our clients Shellharbour City Council...
CapitaLand's Raffles City Chongqing draws over 900,000 visitors in weekend launch Tenants include Old Navy, GAP, Haidilao, CGV and Jiwu by Suning. CapitaLand’s Raffles City Chongqing in China drew over 900,000 visitors in its opening weekend. The 1.12 million sqm mall has achieved a 95% committed...
According to Morgan Stanley, Indonesia is only five years behind China in terms of e-commerce penetration. The bank estimates e-commerce sales will cross US$50b by 2023, implying a 32% CAGR. In a Jan 2019 report, Morgan Stanley, through their AlphaWise proprietary survey, reports that...