More than 2,000 people visited the showsuite of The Gazania and The Lilium over the extended Good Friday-Easter Sunday weekend, says developer SingHaiyi Group. “Of the estimated 2,000 visitors, about two-thirds made prior appointments with agents to schedule their visits, while the remaining one-third
Rentals and prices of industrial space in Singapore remained largely stable in the first quarter of this year compared with the previous quarter, according to data from JTC Corp.In 1Q2019, the price index of all industrial space dipped 0.1% q-o-q but was unchanged y-o-y, while the rental index was unchanged
A 1,539 sq ft, three-bedroom unit at Modena, along Simei Street 4 in District 18, will be put up for its second auction on April 30, according to the auctioneer at Edmund Tie & Co (ET&Co). The property is a mortgagee sale, and was first put up for auction last month. The guide price remains unchanged
A standalone freehold commercial block at 1 Jalan Taman, St Michael’s Place, has been put up for sale through an expression of interest (EOI) exercise. Located near Boon Keng MRT Station, the property is currently leased to international pre-school Maplebear.
SINGAPORE (April 24): DBS Vickers Securities is maintaining its “buy” rating on Perennial Real Estate Holdings (PREH) with an unchanged target price of 83 cents as it continues to expect near-term earnings to be driven by further divestment or fair value gains.AXA Tower and Beijing Tongzhou are some
About two-thirds of the 2,000 visitors had made prior appointments with agents for their visits, while the rest were walk-in visitors.
Singapore, 24 April 2019 – EdgeProp’s first International Property Show is taking place on 4 and 5 May 2019 at the Level 3 Concourse of Suntec Singapore Convention and Exhibition Centre. The two-day show features a specially curated list of renowned local and overseas developers and a skilfully crafted
Keppel Reit has acquired a 99.38% stake in T Tower, a freehold Grade A office building in Seoul’s CBD, according to the Reit manager, Keppel Reit Management. The agreed property value is KRW 252.6 billion ($301.4 million).
Three adjoining office units in Peninsular Plaza are up for sale for $9.29 million, via an expression of interest exercise that will be conducted by CBRE. The price works out to $2,180 psf on the strata area, compared to the office units at the nearby High Street Plaza and The Adelphi that are transacting
Perennial Real Estate Holdings and its consortium of investors have fully divested all of their 100% interests in entities that own the retail mall and four strata office units in Chinatown Point Mall. The $225 million transaction was through a share and purchase agreement with PAR Chinatown Point, a
International real estate manager Savills Investment Management has appointed Alex Jeffrey as its new CEO. He will take up his new position later this year and will be based in Singapore. In addition, Jeffrey will also become a member of the Savills Group Executive Board.Jeffrey was previously head of
Realty Centre at Tanjong Pagar has been sold en bloc for $148 million, making it the first commercial collective sale concluded this year. The 12-storey freehold building was put up for collective sale by Cushman & Wakefield (C&W) with a reserve price of $165 million in January.The buyer is Singapore
Amara Holdings opened 100 AM mall in Shanghai, China, on April 21. The five-storey mall, located along the junction of Changshou Road and Jiaozhou Road in Shanghai’s Putuo district, is part of an integrated development by the group. In addition, the development consists of an office tower, also named
Two industrial properties at 9 and 11 Third Chin Bee Road have been launched for sale via an expression of interest (EOI) exercise. The two adjoining properties, zoned for “Business 2” use, are currently used for warehousing and distribution of paper products and are linked by a covered yard for the
CapitaLand has sold its interest in StorHub to an unrelated third party for $185 million. The self-storage business is one of Singapore’s largest with a total lettable area of approximately 800,000 sq ft. It has a total of 12 storage facilities – 11 in Singapore and one in Shanghai, China.“The divestment
The heir to the biggest real estate agency in property-mad Hong Kong doesn’t own a house. Not only that, he won’t inherit his father’s stake in Centaline Group, estimated to be worth about $400 million according to the Bloomberg Billionaires Index, because it was donated to charity more than a decade
April 23, 2019 (Hong Kong, Singapore) - The South China Morning Post (SCMP) and business and investment weekly The Edge Singapore announced a new content collaboration deal to mutually grow international readership and reach. The partnership entails a content sharing agreement across digital and print
Despite the perceived high prices, many Singaporeans remain positive of the property market, PropertyGuru’s latest Consumer Sentiment Survey revealed.
The first day of the Easter holiday has proved to be big disappointment for Sun Hung Kai Properties.Hong Kong's largest developer by market value sold just six out of 113 flats on offer at its Park Yoho Napoli project in Yuen Long " the worst for any builder since late November when only two