Daily Briefing: Bond market frenzy distorts credit costs; Qatari fund nabs Asia Square Tower for $2.5b

And incoming private homes supply to hurt en bloc sales.

Corporate bond offerings by some of Singapore’s biggest companies are drawing such strong demand from investors that they are artificially lowering borrowing costs for weaker borrowers, according to S&P Global Ratings. Read more here.

Qatar Investment Authority, the sovereign wealth fund of the Middle Eastern country, agreed to buy BlackRock Inc.’s Asia Square Tower 1 for S$3.4 billion ($2.5 billion) in the biggest office transaction in Singapore. Read more here.

When the collective sale of Shunfu Ville in Singapore was confirmed last month for $638 million, it was supposed to be a silver lining for the en bloc sales market. However, with the supply of private homes now expected to increase according to property consultants, things might not be that rosy for en bloc sales. Read more here.

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