Commercial Property
First Sponsor units acquire Allianz Tower in Rotterdam for $90.6m
First Sponsor units acquire Allianz Tower in Rotterdam for $90.6m
The tower is fully leased to Allianz Nederland Groep until 31 December 2035.
New WMI programme seeks to protect family offices vs financial crime
It will also impose compliance requirements and standards for taxes.
CBRE tops global real estate investment sales in H1
It also held the highest share across the five largest asset classes.
Hatten Land to restart construction activities at Harbour City
The company received approval for its arrangement scheme for project owner, Gold Mart.
Boustead Projects clinches $70m green loan
The company will use the loan to refinance its Razer SEA HQ in Singapore.
Demand for flexible workspaces to decline 28% YoY in 2023
Companies are now taking a more measured approach to their workplace strategies, says The Instant Group.
Shophouse market shines amidst sharp increase in ABSD
In 2Q23, sales of shophouses jumped 45.5% QoQ.
Straits Trading unit rolls out 2 fractionalised property investment products
The minimum investment amount in one of the properties is $200,000.
Food factory development site in Mandai Industrial Estate Food Zone on sale via tender
The site’s indicative price is $90m.
Singapore’s investment sales see 50.7% dip in Q2 2023
Jeremy Lake of Savills Singapore points out the challenges amid high interest rates, but stays cautiously optimistic for property sales trajectory.
Freehold 5-storey shophouse along Hongkong Street on sale for $47.5m
There will be no ABSD or SSD imposed on the property transaction.
CapitaLand Malaysia divests office property for around $15m
The divestment is expected to be completed by Q1 2024.
GSH terminates sale of office units at PLUS Singapore
The company has also forfeited the 10% deposit of $3.8m the buyer has paid.
2-storey warehouse facility on Jalan Ahmad Ibrahim on sale for $50m
The property at 310 Jalan Ahmad Ibrahim has a potential built-up area of 564,761 square feet.
Mapletree Logistics Trust divests Japan property for $95.5m
The sale price is 12.2% above the property’s latest evaluation.
What drove adjustment in land betterment charge rates?
Rates rose for commercial and hospitality properties but declined for residential.
Property expert shares winning strategies for Singapore market
OrangeTee & Tie’s Donald Lin advises focusing on buyer sentiments and pricing slightly above the market range for sellers.
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