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Sembawang site put up for sale to pilot dementia-care village

Sembawang site put up for sale to pilot dementia-care village

Singapore THE Urban Redevelopment Authority (URA), on behalf of the Ministry of Health (MOH), has launched a site in Gibraltar Crescent for sale by public tender to pilot a new residential care community concept for people with dementia. The site, with a 30-year lease, is near Sembawang Park and comprises a cluster of 10 state […]

Property investment sales up 49% in second quarter

Property investment sales up 49% in second quarter

REAL estate investment sales surged 49 per cent quarter on quarter on the back of big-ticket office-sector deals. The second quarter of the year recorded S$6.7 billion in real estate investment sales, with 52 per cent of that figure coming from commercial deals, said a Cushman & Wakefield (C&W) report. The quarter’s two largest office-space […]

Innovation, technology can help unlock opportunities in APAC real estate

Innovation, technology can help unlock opportunities in APAC real estate

STRUCTURAL people-driven trends such as ageing populations, labour shortages, changing consumer preferences and climate change will continue to present unique challenges for the real estate sector, both globally and within the Asia-Pacific region as real estate occupiers and owners increasingly adapt and innovate to mitigate associated risks and unlock opportunities. In Asia-Pacific, changing consumer preferences […]

FLT to buy 12 properties for A$645m from Frasers Property

FLT to buy 12 properties for A$645m from Frasers Property

Singapore FRASERS Logistics & Industrial Trust (FLT) is planning to acquire 12 freehold logistics properties – nine in Germany and three in Australia – from its sponsor Frasers Property for A$644.7 million (S$612.5 million). FLT, a real estate investment trust (Reit), entered into sale and purchase agreements with Frasers Property’s subsidiaries, FLT’s manager said on […]

CapitaLand to merge Ascott Reit, Ascendas unit to form Asia-Pac’s largest hospitality trust

CapitaLand to merge Ascott Reit, Ascendas unit to form Asia-Pac’s largest hospitality trust

The article was published on 3 July 2019. CAPITALAND will combine Ascott Residence Trust (Ascott Reit) and Ascendas Hospitality Trust (A-HTrust) to make the largest hospitality trust in the Asia-Pacific and the eighth biggest globally, with a total asset value of S$7.6 billion. The combined entity will also be the seventh largest trust listed on […]

Strong demand expected for one-north Gateway site launched for sale by tender

Strong demand expected for one-north Gateway site launched for sale by tender

MARKET watchers are anticipating strong demand for a residential-with-commercial site at one-north Gateway, launched for sale by the Urban Redevelopment Authority (URA) on Thursday, with the analysts’ expected top bids ranging from S$900 to S$1,200 per square foot per plot ratio (psf ppr). Also launched for sale by application under the first half of the […]

Property deals, smart estates stand to gain from tech

Property deals, smart estates stand to gain from tech

UP-TO-DATE laws for Singapore’s digital economy may include the use of blockchain and smart contracts. Property deals and other paper contracts could also go fully digital, in a set of planned tweaks to the law, according to Minister for Communications and Information S. Iswaran. As digitalisation changes how businesses and consumers deal with one another, […]

Completed condo prices inch up again with 0.2% rise in May: NUS Index

Completed condo prices inch up again with 0.2% rise in May: NUS Index

PRICES of completed private apartments and condominiums in Singapore inched up 0.2 per cent in May from the previous month, continuing its advance after an upwardly revised 0.3 per cent increase in April. The figures are flash estimates released on Friday by the National University of Singapore (NUS) for its Singapore Residential Price Index (SRPI), […]

New Funan mall secures 95% take-up ahead of Friday opening. Over 60% of the more than 190 brands housed in Funan mall originate from Singapore, says CapitaLand

New Funan mall secures 95% take-up ahead of Friday opening. Over 60% of the more than 190 brands housed in Funan mall originate from Singapore, says CapitaLand

AHEAD of its June 28 opening, the new shopping mall at Funan has achieved 95 per cent committed occupancy for its retail space, including Singapore’s first standalone physical Taobao store. Over 60 per cent of the more than 190 brands housed in Funan mall originate from Singapore, CapitaLand said in a regulatory update on Tuesday. […]