Singapore Property Market News
BHG Retail Reit logs 94.2% committed occupancy rate in Q3, eyes acquisitions
The Reit’s manager is upbeat about economic conditions in China, even though its recovery “may take time”
Plum Newton site garners 8 bids, topped by HH Investment at S$566.29 million or S$1,820 psf ppr
The top bid is higher than the S$1,300 to S$1,600 psf ppr predicted by analysts polled by The Business Times
Trump defends 50-year mortgage plan, calling it ‘not a big deal’
He says it will help more Americans afford monthly payments on homes
HDB’s FY2024 deficit narrows by 6% to S$6.3 billion after previous year’s record expenditure
Spending on its home ownership programme totalled S$5.5 billion, about 11.4% less than in FY2023
How Hong Kong property giant New World ran into trouble
A record HK$88.2 billion loan refinancing deal in June offers hope of a new start for the beleaguered company
Hillhouse’s EZA Hill buys DHL logistics facility for US$40 million in first Thailand acquisition
Deal comes on the heels of purchases in Singapore and Indonesia, with firm reportedly eyeing a Reit
TS Group owners weigh sale of S$500 million controlling stake in Singapore dormitory firm: sources
[SINGAPORE] Shareholders of TS Group, a Singapore-based provider of purpose-built foreign worker dormitories, are considering selling a controlling stake in the business...
Luxury condo or landed house? A local homebuyer has sound reasons to buy prime condos
The right apartment unit can make a great home and investment for a wealthy Singaporean
Genting scion Lim Keong Wee takes principles from “university of life” to build his wellness empire
The Initial Sama is part of the strategy to grow its leasing and management portfolio
Savills appoints Neil Brookes as new executive managing director, Apac capital markets
The move reaffirms Singapore’s role as the company’s Asia-Pacific base
UK house prices rise by most since January: Halifax
House prices increased by 0.6% in monthly terms in October after a 0.3% fall in September
Indonesian sovereign wealth fund Danantara bids US$1 billion for land at Mecca site: sources
If Danantara’s bid succeeds, it would mark the sovereign fund’s first overseas investment
US mortgage rates rise to 6.22% after four weeks of declines
The rise in borrowing costs comes after the Federal Reserve cut its benchmark rate
New World tells creditors not much room to sweeten debt swap
The plan to swap existing debt for new securities includes haircuts of as much as 50% on perpetual bonds
Airbnb sees strong demand as US travel fuels bookings beat
AIRBNB issued a better-than-expected outlook for the holiday quarter, citing strong demand as US travelers used its recently launched “reserve now, pay...
Dalvey Road GCB sells for S$61 million, Victoria Park bungalow fetches nearly S$52 million
Price paid by philanthropist for Dalvey Road property reflects S$4,045 psf on freehold land area of 15,081 sq ft
Tridiana Ong moves from Colliers to lead Knight Frank’s industrial, office leasing team
[SINGAPORE] One of Singapore’s leading office and industrial leasing brokers, Tridiana Ong, has joined Knight Frank Singapore as the real estate consultancy...
Australia’s NAB CEO says housing is greatest societal challenge as bank books A$7.09 billion profit
NAB and the rest of Australia’s ‘Big Four’ banks rely heavily on the strength of the housing market
Coliwoo closes at S$0.585 on first trading day, 2.5% below IPO price
Its 5.3 million public offer shares were about 20.7 times subscribed
Bentley condo tower with car elevator lands US$630 million loan
Branded residential projects have boomed in recent years
Sunway Healthcare bets on senior-living demand with KL ramp-up, Johor expansion
Its managing director says there is a gap in Malaysia for integrated wellness solutions for the elderly
Country Garden reaches milestone as debt plan heads to vote
Eight of China’s 10 most indebted developers have largely, if not entirely, put the offshore restructuring process behind them
‘No misrepresentation of track record’ in Therme Group unit’s tender bid for S$1 billion wellness project: STB
An NYT report had accused Therme of exaggerating its track record to secure a previous deal in Toronto
Aims Apac Reit charged about S$450,000 by JTC after tenant, Cocoa Trees owner, sublets Hougang space
Landlord Aims Apac Reit has failed to ensure FNA did not sublet: JTC
Blackstone scores rare premium in Boston office building sale
The investment firm has also offloaded certain office properties