General

A freehold four-storey commercial building with attic at 118 Joo Chiat Road has just been launched for sale via an Expression of Interest (EOI) exercise by exclusive marketing agent, JLL. The 4-storey building enjoys excellent visibility with a wide 22-metre frontage. It sits on a 4,686 sf site and has a Gross Floor Area (GFA) of approximately 18,571 sq ft. Under the Master Plan 2014, the site is zoned...

CapitaLand paying for Ascendas-Singbridge with a 50:50 mix of cash and shares avoids over-gearing the company or issuing stock at too steep of a discount, said CapitaLand's president and group CEO Lee Chee Koon. CapitaLand is buying Ascendas-Singbridge from Temasek Holdings in a deal worth S$11 billion, which includes debt owed by Ascendas-Singbridge and a S$6 billion consideration to parent company...

A string of government bodies have leased office space at the revamped Funan in the North Bridge Road/Hill Street location. These include the Department of Statistics (DOS) , organ of state Attorney-General's Chambers (AGC) and the Smart Nation and Digital Government Office (SNDGO), which are leasing a total of about 8,590 sq m (or 92,462 sq ft) of net lettable office space in the South Tower office...

The private resale property market saw its biggest recovery in activity since being hit by the last bout of cooling measures, according to flash estimates from SRX Property on Tuesday. The flash data showed the number of resale non-landed private homes sold last month jump 59.3 per cent to 830 units after the Chinese New Year seasonal lull in February when 521 units were transacted. March resales...

Hmlet, a Singapore based co-living company, has signed a new property in the Tanjong Pagar, Cantonment Downtown CBD precinct. The startup will operate more than 150 rooms as serviced apartment units at its largest co-living building to date. The co-living space is set to open in July, and will see Hmlet increase its number of members to more than 2,400 across the Asia-Pacific by the end of the year,...

OUE Commercial Real Estate Investment Trust said on Monday (Apr 8) it would buy OUE Hospitality Trust in a cash-and-stock deal worth S$1.37 billion (US$1.01 billion), creating one of Singapore's largest REITs. Under the deal, OUE Commercial will issue 1.3583 new shares for every OUE Hospitality share, and pay S$0.04075 per share in cash. The total deal value is a premium of 1.6 per cent to OUE...

After a good run this year, S-Reits are likely to remain in vogue amid a more dovish Federal Reserve and room for further growth. Analysts pointed to hospitality and industrial Reits among their preferred sectors on the back of easing supply, although some highlighted that valuations in general have tightened and investors might do well to accumulate on pullbacks. "While investors could eye near-term...

The receivers and managers of Big Box Pte Ltd are conducting an expression of interest (EOI) exercise for its Big Box mall in Jurong East. It has a remaining land tenure of 30 years from March 23, 2007 (18 years unexpired). The site area is approximately 606,639 square feet (sq ft), and total gross floor area is about 1.4 million sq ft. The eight-storey Big Box mall was constructed in 2014 and...

Laguna Park off Marine Parade Road has been relaunched for sale by tender with a reserve price of S$1.48 billion, marketing agent Knight Frank Singapore announced on Monday. The 99-year leasehold private residential estate in the East Coast area was previously put up for collective sale in September 2018, after two attempts by owners of the development in 2007 and 2010. The reserve price of S$1.48...

Old flats - once the storehouse of wealth for owners should their homes be chosen for en-bloc redevelopment - have become a source of anxiety for residents after the government two years ago cautioned against speculation of state buyouts of these assets. The idea that the value of one's home can eventually run down to zero is a terrifying thought, one which increasingly more researchers are studying in an...