General

A row of four freehold, adjoining conversation shophouses – which caught fire earlier this year – in Geylang have been launched for sale via expression of interest, with a guide price of S$14 million, property consultancy Knight Frank Singapore said on Tuesday. In March, a massive fire broke out early in the morning to fully engulf five of seven double-storey shophouses along the row. The fire...

Lakepoint Condominium near Jurong Lake District, positioned as Singapore's second Central Business District, has been put up for collective sale via tender with a reserve price of S$640 million, its joint marketing agents SLP International Property Consultants and Strata AMC said on Tuesday. The property is a five minute-walk from Lakeside MRT station, and is close to shopping malls such as JEM,...

Cooler Housing and Development Board (HDB) flats could soon be a reality for Singaporeans. At the Urban Sustainability R&D Congress 2019 on Tuesday (Jul 23), HDB signed a Memorandum of Understanding (MoU) with Evonik (SEA) to incorporate the firm's new silicon-based material into the roofing of HDB flats, offering better protection against Singapore’s heat. Initial trials are expected to start in...

With its free coffee, couches and glass partitions, shared workspace startup WeWork has shaken up both office culture and commercial real estate. Brushing aside questions about its business model, the New York outfit shows no signs of slowing down and is now preparing for its Wall Street debut to raise fresh capital. As recently as this month, WeWork was seeking to tap credit markets for US$4 billion...

The iconic Eu Yan Sang Building in Chinatown has been launched for sale with a guide price of S$62.5 million, the property’s exclusive marketing agent JLL said on Monday. Built in 1910, it housed the first traditional Chinese medicine Eu Yan Sang outlet in Singapore set up by its founder Eu Tong Sen. The building was designed by architect Alfred Bidwell from the firm Swan & Maclaren, whose other...

One Pearl Bank, the 99-year leasehold condo by CapitaLand, sold 160 units at an average price of S$2,400 per sq ft (psf) over the launch weekend. That translates to 80 per cent of the 200 units CapitaLand has released during the weekend, and about 20.7 per cent of the development's 774 units in all. The most popular apartment types were the one-bedroom and two-bedroom units, which accounted for 56...

Co-working space provider WeWork is set to take over the lease of the 21-storey HSBC building in Collyer Quay, marking an expansion by the US firm in Asia. WeWork, backed by Japan's SoftBank Group, will lease the building from CapitaLand Commercial Trust (CCT), the Singaporean office landlord said in a statement on Wednesday (Jul 17). The tower, 21 Collyer Quay, will be WeWork's biggest property in...

A row of six adjoining three-storey shophouses along Joo Chiat Road has been put for sale via public tender, real estate services firm CBRE said on Wednesday afternoon. To be sold as a bundle, the conservation shophouses are located at 454, 456, 458, 460, 462, and 464 Joo Chiat Road. They sit on a freehold site of about 7,400 square feet (sq ft) and the total existing built-up area is around 13,000...

CapitaLand Commercial Trust (CCT) will acquire an effective 94.9 per cent interest in the holding companies of a freehold office building in Frankfurt, Germany, from its sponsor CapitaLand and Lum Chang Holdings. The purchase consideration will be 133.4 million euros (S$205.3 million), the manager of the real estate investment trust (Reit) said on Wednesday morning. The property, Main Airport Center...

SUNTEC Reit has expanded its presence in Australia with its latest acquisition of the entire stake in a freehold Grade A office building in Adelaide for A$148.3 million (S$141.4 million). The 12-storey property has an NLA of 282,000 sqft and a committed occupancy of 91.6%. The property at 55 Currie Street has an approximate net lettable area (NLA) of 282,000 sqft and had undergone refurbishment,...