Commercial Property
CDL expands hospitality footprint in Australia with Sofitel acquisition
CDL expands hospitality footprint in Australia with Sofitel acquisition
The company will acquire the property for $159.2m.
ESR’s PATMI rises 9% YoY to US$655m in FY22
PATMI would have surged 24% YoY if not for the weakness of APAC currencies vs USD.
Island-wide retail vacancy drops to lowest point in 7 years
In Q4, the vacancy rate was 7.1%.
Parry Avenue attracts healthcare providers amidst demand for private elderly care
A total of four bids were received with one tenderer putting in two bids.
URA, MoH receive 4 tender submissions for Parry Avenue site
The tender for the site closed on 21 March.
Light industrial building in Yishun Industrial Park on sale for $19.2m
It will be sold via an expression of interest exercise.
Industrial assets sale no link with SGX debt load query: Ho Bee Land
Its sale of $115m industrial assets is its ordinary course of business.
Are S-REITs worth investing amidst refinancing risks?
China-focused real estate will be the most affected.
Fitch sees 'improved' rated SG REITs' EBITDA net leverage in 2023
This is due to a continuous recovery in hospitality trusts’ cash flow.
Why Singapore needs more parks and greenspaces
A study showed that such spaces improve older adults’ social well-being.
Sentosa Cove sales up 59.3% in H2 2022: report
Singapore’s reopening helped in the sales pick up.
SG is 6th priciest city for office space: report
Total office costs are at $193.42 (US$142.73) per square foot per annum.
Savills tapped as consultant project manager for Geylang Serai Cultural Belt
The construction will begin in the second quarter (Q2) of 2023.
Wing Tai Holdings acquires Holland Tower for $76.3m
The property has a site area of 2032.6 sqm.
Alpina Holdings to take over Wan Dormitory for $24m
The company will use the property for its use.
Three adjoining 2-storey conservation shophouses in Geylang Road up for sale
It has an indicative guide price of $23m.
Ho Bee Land unit disposes of 2 industrial properties for $115m
The consideration for the disposal will be satisfied wholly in cash.
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