Property News

REAL estate agency ERA Singapore on Friday (Feb 4) announced the inception of a new business unit to deal with big-ticket assets of high-net-worth individuals (HNWI), family offices, developers, institutional investors and real estate investment trusts (Reits). The Business Times - Read...

THE collective sale committee (CSC) of Orchard Towers has recommended setting the reserve price at S$1.6 billion, and its unit owners will conduct an extraordinary general meeting (EGM) on Feb 18, The Business Timesunderstands. The Business Times - Read...

CAPITALAND Investment Limited's (CLI) wholly-owned lodging business unit, The Ascott Limited, is acquiring a freehold student accommodation asset in Nebraska, US, through a joint venture with total US$150 million in committed equity between Ascott and Riyad Capital. The Business Times - Read...

25th January to 31st January 2022 Despite the fast-growing prices, sales of new private homes and resale properties increased in 2021. The HDB resale market also saw transaction volumes increase 25.3% last year, while prices rose 12.7%, marking its highest annual growth since 2010. 1) Sales for new private homes, resale properties up in 2021 Singapore saw sales for new private homes and resale properties...

CAPITALAND Investment Limited's (CLI) wholly-owned lodging business unit, The Ascott Limited, is acquiring a freehold student accommodation asset in Nebraska, US, through a joint venture with total US$150 million in committed equity between Ascott and Riyad Capital. The Business Times - Read...

CAPITALAND China Trust (CLCT) was hit with 96 days of closures at 3 of its shopping malls - CapitaMall Xuefu and CapitaMall Aidemengdun in Harbin, and CapitaMall Xinnan in Chengdu - in the second half of FY2021 due to sporadic Covid-19 outbreaks in China. The Business Times - Read...

ANALYSTS are positive on Mapletree Logistics Trust's (MLT) ability to deliver stable results and maintain healthy debt levels. The Business Times - Read...

PARTNERSHIPS proliferate in the property space here. Over the past 12 months, several partnerships won land tenders, such as the tie-up of City Developments (CDL) and MCL Land, a consortium comprising a Qingjian Realty and Octava Pte Ltd joint venture, and Santarli Realty, and a tie-up comprising entities of Hong Leong Group Singapore and GuocoLand. The Business Times - Read...

MORE Singapore retail properties went under the hammer last year, as the growth of the consumer-facing sector was stunted by recurring Covid-19 restrictions, Knight Frank wrote in a quarterly research report on Monday (Jan 31). The Business Times - Read...

CAPITALAND China Trust (CLCT) on Monday (Jan 31) posted a distribution per unit (DPU) of 4.50 Singapore cents for its second half ended Dec 31, 2021, up 35.1 per cent from a DPU of 3.33 cents a year ago. The Business Times - Read...