General

SPH REIT is expanding its footprint Down Under, with a deal inked on Thursday for a half-stake in a freehold mall, Westfield Marion Shopping Centre, in the state of South Australia. The transaction with Lendlease Real Estate Investments comes at a price tag of A$670 million (S$627.9 million), to be funded by a recent perp issue, plus debt and/or equity fund-raising, the manager said. The price tag,...

Two freehold ground-floor units with F&B potential located at mixed-use development Alexis in Alexandra Road are up for sale at an indicative price of S$10 million, said marketing agent CBRE on Thursday. This works out to approximately S$3,259 per square foot (sq ft) based on the units' strata area. To be sold on vacant possession basis, the two shop units have a total gross floor area of 3,068 sq...

More HDB resale flats were sold last month compared with previous months after higher grants and income ceilings for first-time buyers took effect in September, according to flash data from real estate portal SRX Property. In all, 2,213 HDB resale flats changed hands, an 18 per cent increase from September, SRX said on Thursday. Compared with a year ago, the resale volume was 10.6 per cent...

Demand for HDB resale flats remained resilient in the third quarter this year with more than 6,000 units being transacted, buoyed by "generous incentives" and policy initiatives dished out by the government, OrangeTee & Tie said on Wednesday in its latest quarterly report on HDB trends. Overall, HDB resale prices rose 0.1 per cent for the quarter, snapping a streak of four consecutive quarterly...

A prime four-storey conservation shophouse at 21 New Bridge Road has been launched for sale via tender at S$19.5 million, Colliers International said. The seller will bear the additional cost to top up the land tenure to a fresh 99-year lease, and has also committed to undertake addition and alteration (A&A) works to build out the rear extension from the current four storeys to up to six storeys. The...

Two commercial shophouses in Kampong Glam and Serangoon Gardens have been put for sale via expression of interest at guide prices of S$6.9 million and S$8.5 million respectively, said sole marketing agent Knight Frank. The 999-year leasehold Kampong Glam property is located at 18 Bali Lane. The two-storey conservation shophouse with attic, which is currently tenanted, has a total built-up area of about...

Riverside Piazza near Clarke Quay will be put up for collective sale via tender at a reserve price of S$198 million on Nov 5, marketing agent Colliers International announced on Monday. The Riverside Piazza comprises 40 apartments and 24 commercial shops, with sizes ranging from 58 sq m to 333 sq m (624 sq ft to 3,584 sq ft). Depending on the size of their unit, each owner could stand to receive between...

216 of the 280 units released for sale at Sengkang Grand Residences were sold at the launch weekend, said co-developers CapitaLand and City Developments Limited (CDL) on Sunday. The units at the 99-year leasehold development were sold at an average price of around S$1,700 per square foot (psf). Sales began on Saturday, a week after its sales gallery opened for viewing. About 93 per cent of the buyers...

Ascendas Real Estate Investment Trust said on Friday (Oct 31) it is buying 30 business parks in the United States and Singapore for about S$1.66 billion from its controlling unit holder CapitaLand. The deal marks Ascendas REIT's entry into the United States, where it is buying 28 business parks located in Raleigh, Portland and San Diego. It plans to fund the acquisition mainly through a S$1.3 billion...

Ascendas Real Estate Investment Trust’s (Reit) distribution per unit (DPU) rose by 2.3 per cent to 3.978 Singapore cents for its second quarter to Sept 30 from 3.887 cents a year ago, boosted by overseas acquisitions while taking into account an enlarged number of units in issue. The Reit also called for a trading halt on Friday morning, after it had released its financial results. Gross revenue...