CapitaLand has acquired the remaining 50 percent stake in Eureka Office Fund for S$590.6 million. The fund owns the commercial building known as 1 George Street and 163 strata-titled units in The Adelphi. It also owns a 20 percent interest in Temasek Tower. CapitaLand says the transaction is not expected to have any material impact on its net tangible assets or earnings per share for this financial...
Market watchers and analysts are still studying the impact of proposed changes to rules governing en bloc sales unveiled in Parliament on Monday. Some say the revision will benefit property developers as it means greater clarity and certainty to their initial investment. Owners of Neptune Court at Marine Parade are exploring an en bloc sale. And insiders tell Channel NewsAsia, that so far, only about 40...
The Daniel Libeskind showcase Daniel Libeskind’s first residential showcase in Asia has its platform in Singapore in Keppel Bay. His iconic design for Reflections at Keppel Bay will put Singapore on the world map for luxury waterfront homes. Reflections at Keppel Bay comprises a total of 1,129 luxurious waterfront condominium units housed in six glass towers of 24 storeys and 41 storeys as well as 11...
Grange Residences occupies a prime location in the residential heart of Singapore, at the junction of Tanglin Road and Grange Road – two of the most desirable residential address in the city. There is also the added benefit of being just a short walk from the magnificent Botanic Gardens and the myriad attractions of Orchard Road. Grange Residences remains a special and remarkably private address,...
The short supply of available office space in the central business district is driving financial institutions to be more flexible when planning their real estate needs. “Currently, banking and finance tenants occupy 36 per cent of all Grade A stock in Singapore, or close to 500,000 sq m,” said Justin Kean, associate director of Asia Pacific occupier research at consultancy Jones Lang LaSalle...
If it seemed to you that seeing the doctor or eating out is becoming more expensive of late, you were spot on. Inflation rose at the fastest pace in 12 years last month — as the Goods and Services Tax (GST) hike kicked in, food costs rose and rents soared. The Consumer Price Index (CPI) rose 2.6 per cent from a year earlier after rising 1.3 per cent in June, the Department of Statistics said yesterday....
One of the biggest initial public offerings (IPO) this year made a disappointing debut yesterday – a casualty of the uncertainties afflicting financial markets. Despite a generally upbeat stock market, Parkway Life Real Estate Investment Trust (Reit) opened trading in the afternoon session at $1.27, a cent below the offer price of $1.28, and steadily fell before ending at $1.19 a unit. Ms Daphne Roth,...
Boulevard Vue. Located off Orchard Boulevard. It is just a stone’s throw away from the world renowned shopping paradise and the bustling night life of Singapore. Imagine living in a bungalow in the sky. That’s what you will experience as a resident of this prestigious project. Only 28 exclusive units are housed within this 144m tall tower. Offering only 26 typical units of 4500sqft and 2 penthouses of...
Like most other property-related counters, Singapore-listed real estate investment trusts or REITs have been sold down in recent weeks amid the market volatility. As one analyst puts it, the last time he looked, the buildings were still standing, the offices still occupied and owners still collecting rents in a robust economic environment. But it appears that investors are not seeing REITS in the same...
Nestled in a tranquil and lush residential area of Balmoral Park, The Solitaire comprises three 12-storey residential blocks of exclusive two- to four-bedroom apartments and penthouses arranged in a terraced fashion down the hilly terrain. Each apartment comes with generous-sized balconies and full-height windows that open to magnificent views of the lush vicinity and cityscape. Indoor and outdoor spaces...