Singapore-based real estate investment firm M&L Hospitality opened West Hotel Sydney on Jan 12. The property is a premium independent hotel operated under the Curio Collection label by Hilton Hotels & Resorts. The 182-room West Hotel Sydney marks M&L Hospitality’s third hotel in Sydney (after the 892
Knight Frank, in conjunction with global real estate firm Bizzi & Partners Development, announced the launch of 125 Greenwich Street, a new 88-storey luxury condominium skyscraper in downtown Manhattan. Located one block from One World Trade Centre and the Oculus train station, the development is surrounded
Frasers Centrepoint celebrated the topping out ceremony of Frasers Tower on Jan 15. The 38-storey office tower has secured strong lease commitments of over 70%, with close to 50% of its retail podium successfully leased, announced Frasers.
Prices for apartments in Ho Chi Minh City’s (HCMC) primary market rose 1.7% q-o-q and 3.6% y-o-y in 4Q2017, according to the Vietnam Property Market Brief by JLL. A total of 15,193 units were launched in the Vietnamese city in 4Q2017, which is a 29% increase q-o-q and 71.2% increase y-o-y. Most of
SINGAPORE (Jan 15): Recent trends and transactions show fundamentals in the office and residential property sectors are firming up, says DBS Group Research. In the office sector, DBS says tenants are continuing their “flight to efficiency” as better office specifications and connectivity encourage tenants
SINGAPORE (Jan 15): The manager of AIMS AMP Capital Industrial REIT (AA REIT) has agreed to sell the REIT’s smallest asset in its portfolio that is valued below $10 million, 10 Soon Lee Road, for a consideration of $8.17 million. “As part of our proactive asset management strategy, we constantly review
SINGAPORE (Jan 15): CWG International continues to build up its land bank in China. Indirect subsidiary, Suzhou Chiway Jingcheng Real Estate Co., has put in the winning bid in an auction for the land use rights of a land parcel located in Yuhang District, Hangzhou city, Zhejiang province, China. The
Updated, Jan 16, 2018, 11:16 a.m., to credit analysts for total number of private housing units sold for the whole of 2017, and to change take-up rate for December to 186.6% instead of as previously published.
Updated, Jan 15, 2018, 6:46 p.m., to change details of M&L Hospitality's portfolio, and to change the number of hotels in the portfolio from 18 hotels to 15. Singapore-based real estate investment firm M&L Hospitality opened West Hotel Sydney on Jan 12. The property is a premium independent hotel
The freehold, 114-unit Dunearn Gardens has been put up for sale by tender on Jan 15 for $488.8 million. Including an additional charge of about $35.7 million for the intensification of the site to the maximum gross floor area (GFA), this translates into a land rate of about $1,962 psf ppr, according
Property developer Capital World announced on Jan 15, the launch of its Capital City Project in Johor, featuring Malaysia’s biggest theme park concept. Expected to commence operations in 2018, Capital City’s indoor theme park will also be one of the top five largest indoor theme parks in the world.
On Jan 5, listed property companies Centurion Corp and Lian Beng Group, together with the Association of Process Industry (ASPRI), celebrated the official opening of ASPRI-Westlite Dormitory Papan. Centurion first entered the purpose-built workers’ dormitory business in 2011 with 5,300 beds.
SINGAPORE (Jan 12): Nordic Group has sold its property at 42 Tech Park Crescent for $3.4 million to construction company Debenho via the group’s wholly-owned subsidiary, Ensure Engineering.
On the market is a three-bedroom, 990 sq ft unit at Parc Centros that has an asking price of $1.08 million ($1,091 psf). The unit is owned by a Singaporean, according to Connie Lew, associate director at OrangeTee, who is jointly marketing the unit with Ronnie Ong, associate executive director at OrangeTee
Yishun has been in the news lately for the wrong reasons, one example being the bust of an illegal drug lab last month. A recent positive development in Yishun was the spike in year-end sales at Symphony Suites by local developer EL Development. This brings the total number of units sold in December
Far East Hospitality Real Estate Investment Trust (Far East H-REIT) has announced its intention to acquire the 65-year leasehold Oasia Hotel Downtown for $210 million. The seller is Far East SOHO, a member of the Far East Organization group of companies. The purchase consideration was negotiated on a
SINGAPORE (Jan 12): RHB expects property prices to rebound by 3-7% in 2018, driven by an improving job market, strong surge in the en-bloc market and falling inventory levels. "We upgrade the sector to Overweight from Neutral with CapitaLand and APAC Realty as our top picks," says Vijay Natarajan
On Jan 11, Singapore property developer SingHaiyi Group announced that its 50%-owned joint venture company Sing-Haiyi Gold, is buying Park West, a condominium at Clementi, for $840,888,888. Sing-Haiyi Gold is a 50-50 joint venture between SingHaiyi and Haiyi Wealth, an entity controlled by Gordon Tang
The freehold, 24-unit Summer Green residential development has been put up for sale by tender on Jan 12 for $48.5 million. This translates into a land rate of about $1,188 psf ppr, inclusive of a development charge of about $253,000, according to sole marketing agent Knight Frank. The freehold, 24-
From Jan 2013 to Nov 2017, there were 118 cases of completed mortgagee sales of HDB flats by banks, said the Ministry of National Development in response to questions from by Gan Thiam Poh, member of Parliament of Ang Mo Kio Group Representation Constituency, during Parlimentary Q&A on Jan 10. The ministry
In an SGX filing on Jan 11, City Developments Limited (CDL), First Sponsor Group, and Tai Tak Estates announced that they have completed the acquisition of the Le Meridien Frankfurt Hotel in Germany. In a Dec 7 announcement, the partners stated that the expected total consideration for the acquisition
Joey Yap’s Feng Shui & Astrology 2018 Seminar on Jan 7 is the first in a world tour. Singapore’s property market will do better in the Year of the Earth Dog, according to Joey Yap, chief consultant of Joey Yap Consulting Group, a firm specialising in feng shui and Chinese astrology services. Yap was
Brighter prospects for the property market are expected this year, according to the 2018 Asia Pacific Property Outlook report by Colliers International, which was released on January 10. In Singapore, investment sales are likely to stay robust following bumper transactions of about $40.2 billion last
Crown Group, which is active in property development, investment and management, is bullish on the luxury real estate market in Sydney. The city is a solid investment choice especially in the luxury apartment space, says Julian Sedgwick, global head of sales. Apartment building construction has boomed