Commercial Property
URA awards tender for Media Circle (Parcel A) site to highest bidder
URA awards tender for Media Circle (Parcel A) site to highest bidder
The highest bidder offered $315m, or $11,158.34 per sq m of gfa for the site.
Boustead Projects form Pan-Asian logistics platform with Hong Kong’s Unified Industrial
The platform will target real estate opportunities in high-growth sectors.
Mapletree Logistics Trust divests 31 Penjuru Lane logistic site for $7.8m
The divestment is part of the company’s efforts to rejuvenate its portfolio.
Kimly completes acquisition of Serangoon coffee shop
The acquisition was completed on 11 March 2025.
Incredible Holdings plans reverse takeover with Sheng Tai International
Sheng Tai will inject prime Malaysian land into Incredible Holdings for shares.
DBS sees earnings shift for S-REITs despite high interest rates
It expects a DPU CAGR of over 2.1% from FY25 to FY26, signalling a recovery in investor payouts.
Office professionals take top spot in real estate earnings
They earn an average of $327,000 annually.
Jardine Matheson reports $623m net loss for FY2024
This was due to lower contributions from Zhongsheng and Hongkong Land.
GB Building office floor, retail unit in CBD up for sale
The ground-floor unit is priced at $45m, reflecting $3,443 per square foot on strata area.
Hongkong Land widens loss by 138% in FY2024
It was due to non-cash provisions from the Chinese mainland build-to-sell business.
Service sector growth to ease office vacancy in 2025
Office vacancy in 2024 rose 9.4%.
JTC extends industrial land leases to boost business growth
This will cover the development phase to ensure businesses enjoy the full 20- or 30-year lease term.
Singapore’s office market stable with 5.2% vacancy rate: Colliers
Demand for prime office spaces in Singapore remains strong.
More buildings must have lactation rooms in Q2
Installing a lactation room in Singapore will cost $20,000 to $40,000.
Singapore cap rates remained stable in Q4
Interest and inflation rates declined during the period.
Hongkong Land appoints Executive Director for Westbund Central
Stuart Grant will assume the post on 30 June.
LHN Group maintains over 95% occupancy across key properties in 1QFY2025
It added 45 new keys to a property in Balestier.
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