Starhill Global Reit is keeping the base rent unchanged for the Toshin master lease at Ngee Ann City for the next three years starting from June 8, 2019, under its latest rent review, the real estate investment trust’s (Reit) manager announced on Saturday in a bourse filing. Toshin is the master tenant occupying all retail areas except level five of Ngee Ann City for the 12-year period from June 8,...
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Singapore-listed real estate firm City Developments Ltd (CDL) announced on Friday (Jun 7) another attempt to buy Britain's Millennium & Copthorne (M&C) Hotels, this time for £2.23 billion (S$3.9 billion). The offer represents a premium of about 37 per cent to M&C's closing price of 500 pence on Thursday. Currently, CDL owns approximately 65.2 per cent of M&C. This offer is final and will not be...
JTC will launch a tender for an industrial site at Tuas South Link 3 (Plot 19) after receiving an application with a committed bid price of not less than S$2 million. As the minimum price committed by the applicant is acceptable to the government, the site is being released for public tender, JTC said on Friday. The identity of the applicant was not disclosed. The site, which has a 20-year tenure,...
There were more Housing Board (HDB) resale flats sold in May compared with April, though resale prices showed a slight dip month-on-month. Last month, 2,075 HDB resale flats changed hands, a 7.5 per cent increase from the 1,931 transacted units in the month before, according to flash estimates from real estate portal SRX released on Thursday. Resale volume was 18.3 per cent higher in May than the...
The Government has decided to reduce the supply of private residential units for the second half of 2019, as demand continues to fall, the Ministry of National Development (MND) announced on Thursday (Jun 6). Thirteen land sites, comprising five confirmed sites and eight reserved sites, were released for sale on Thursday under the Government Land Sales (GLS) programme for the second half of 2019. The...
New Build-to-Order (BTO) flats sold from February onwards will include higher-quality furnishings, such as more water-efficient toilets and tougher porcelain tiles, the Housing and Development Board (HDB) said on Wednesday (Jun 5). These changes are part of efforts to make new flats more modern and to bring standards closer to mass market condominiums, it added. Speaking at a media briefing, HDB’s...
Last Friday's completion of the acquisition of Liang Court mall along River Valley Road by CapitaLand and City Developments Ltd (CDL) brings together two property groups that have adopted somewhat different business strategies in the past. With their S$400 million purchase of the mall from an entity linked to PGIM Real Estate, control of the overall Liang Court mixed-development complex has narrowed...
Real estate veteran Donald Han is a tireless proponent of all things real estate. "If you slit my vein open, you will see nothing but real estate DNA there," quipped the chief executive officer of the manager of SGX-listed Sabana Reit. "I'm not someone who understands or is interested in commodities, gold, or crypto-currencies, but I think, eat, drink and sleep real estate," he grinned. Mr Han,...
After a three-year redevelopment, Funan is set to reopen its doors to shoppers on Jun 28, developer CapitaLand announced in a press release on Monday (Jun 3). More than 180 brands, including new-to-market brands, new concept stores and flagships, will feature at Funan. Among the mall’s new tenants is tech company Dyson, whose first standalone store in Singapore will be dedicated to its Supersonic...
Featuring a swirling façade with architectural curves wrapping around its towers, the Coastline Residences is an upcoming stunning residential development in the East of Singapore. Offering an all-embracing view of the endless sea, Coastline Residences is the perfect home for home seekers who love nature, beach and sunrise. Immerse yourself in the panoramic views of the sea when the sun rises. By night,...