General

City Developments Limited (CDL) on Wednesday morning unveiled the revamped Republic Plaza, its flagship property in Raffles Place, following an extensive S$70 million asset enhancement initiative (AEI) which started in April 2018. Although the building had previously undergone several enhancements, this was its first major facelift since it was completed in 1996. At 280 metres tall, the 66-storey...

Cove, a newcomer in Singapore’s co-living sector, has secured more than US$2 million in seed funding to expand in South-east Asia and build-out its technology. The round was led by investment firms from Asia and Europe – Indonesia’s Venturra; Singapore’s Investigate and Yuj Ventures, which is backed by The Xander Group; and Germany’s Picus Capital. The lead investors were joined by Singapore...

A row of six adjoining shophouses in Tanjong Pagar have been launched for sale, either individually or collectively, via an expression of interest exercise, joint marketing agents Colliers International and Jones Lang Lasalle Singapore (JLL) said on Tuesday. Located at 48 to 56 Peck Seah Street, the three pairs of two-storey conservation shophouses with attic sit on three separate land lots with a...

Bishan Park Condominium is being put up for collective sale with an asking price of at least S$680 million, its marketing agent ERA Realty said on Tuesday (Sept 24). The 28-year-old condominium is just an eight-minute drive from Braddell View — a mega site also up for en-bloc sale with a S$2.08 billion price tag. That site is still looking for a buyer with its tender due to close on Wednesday. More...

Keppel Land China Limited (Keppel Land China) has entered into a share sale and shareholder loan transfer agreement with Topchain Group (Topchain) to acquire a 30% stake in Win Up Global which will ultimately own Westmin Plaza, an office and retail development in Liwan District, Guangzhou, China. The investment amounted to approximately HKD141.4 million (approximately S$24.8 million) for cash consideration...

Some folks may think that CapitaLand does not have many Singapore residential developments coming up - with only two projects currently. However, the property group has a much larger canvas for creating development opportunities at home in various asset classes, beyond residential, after its S$11 billion acquisition of Ascendas-Singbridge (ASB) this year. In fact, one of the group's priorities in...

From seeking outpatient treatment at a polyclinic to purchasing hawker food, Yew Tee residents need not go the distance after a new integrated development is ready. Plans for the Yew Tee Integrated Development - estimated for completion around 2026 - were announced by Minister of National Development Lawrence Wong on Sunday (Sep 22) during Yew Tee Town Day. The multi-agency effort involves the...

Construction will start by year-end on the long-awaited redevelopment of resort island Sentosa and nearby Pulau Brani, in a blueprint unveiled by national planners on Friday. The Sentosa-Brani Master Plan will be rolled out in phases over the next two to three decades, Quek Swee Kuan, chief executive of government agency Sentosa Development Corp (SDC), told a briefing. The plan is expected to bring...

Sales of Singapore apartments worth at least S$10 million have hit an 11-year high, fuelled by increased demand from Chinese millionaires seeking safe-haven assets, say property consultants OrangeTee & Tie on Friday (Sept 20). Investors have long viewed Singapore as an island of stability that attracts the super-rich from its less developed Southeast Asian neighbours, as well as multimillionaires from...

A comprehensive blueprint aimed at redeveloping Sentosa and Pulau Brani into a “game-changing leisure and tourism destination” was unveiled on Friday (Sep 20), with plans for new spaces and concepts as well as rejuvenated beaches. The redevelopment of Sentosa and Pulau Brani is part of the Government’s larger move to remake Singapore’s Greater Southern Waterfront (GSW) and follows plans outlined...