Capitaland's wholly-owned lodging business unit, The Ascott, has opened a serviced residence in Osaka, Japan. The new property, Citadines Namba Osaka, offers 313 units with varied apartment types. It sits in Osaka's popular entertainment and shipping district, and is surrounded by commercial buildings, Ascott said in a media statement on Monday. It houses studio apartment, studio executive apartments...

ARA US Hospitality Trust (ARA H-Trust) has completed the acquisition of three US hotels for US$84 million, its managers said in a bourse filing on Monday. The freehold properties are AC by Marriott Raleigh North Hills in North Carolina, as well as Courtyard San Antonio and Residence Inn San Antonio both in The Rim shopping district in Texas. Parties agreed on a final price of US$84 million, which is...

The 50-hectare Punggol Digital District is on track for completion from 2023, with the first phase of a key feature - a central platform that will collect real-time data from the district - now completed. "Both the physical and digital development of the Punggol Digital District are on track - with the groundbreaking of the first phase of the development as well as the ongoing development of the open...

Two years ago, Mr Seah Liang Chiang thought of building his own tiny house in Johor. On Friday (Jan 17), that DIY weekend retreat project turned into a business. Mr Seah has launched Singapore's first hotel made using shipping containers. For S$150 to S$200 a night - depending on whether it is peak or off-season - up to four guests can stay in one of two cabins in one-north. Mr Seah said he...

Punggol will serve as a testbed for new smart concepts progressively from 2023 in the areas of living, working and service delivery, said a joint statement from JTC and the Prime Minister's Office's Smart Nation and Digital Government Office on Friday. The Punggol Digital District (PDD), which is part of Punggol town, will house 210,000 square metres of business park and mixed-use spaces available from...

Private home sales in 2019 rose 15 per cent to 10,104 units - signalling a resilient housing market as unemployment remained low, despite an expectedly slow month in December. Housing demand was robust across the board, with six of the top 10 selling projects located in the outside central region (OCR) as HDB upgraders continued to snap up private homes, noted Lee Sze Teck, Huttons Asia director...

Real estate behemoth CapitaLand has won the tender to manage Bugis Village and Bugis Street for up to a decade, it said in a bourse filing on Thursday. It will take over the integrated management of the area on April 1, 2020 with an initial three-year tenancy, which may be renewed for two further terms of three years each and a final tenancy term not extending beyond March 30, 2030. Existing tenants...

A freehold condominium in Geylang, Wing Fong Court, has been launched for collective sale with a reserve price of S$108 million, marketing agent PropNex Realty told The Business Times (BT) on Thursday. Meanwhile, the adjacent condo, Wing Fong Mansions, is also expected to be put on the market “soon”, according to lead property consultant Richard Hau from PropNex. If and when this en bloc sale is...

Sales of new private homes plunged 53.8 per cent month-on-month last December, on the back of the year-end holidays and with few new units launched. Developers sold 538 homes - excluding executive condominiums - in December, according to data complied by the Urban Redevelopment Authority (URA). This was a sharp drop from the revised 1,165 homes sold the previous month. On a year-on-year basis,...

Four long-time dining establishments in lifestyle enclave Dempsey Hill have been offered new tenancies as "anchor heritage tenants" — giving them a lifeline as their leases were originally due to expire in March. They include: Singapore’s oldest family-run Indian restaurant, Samy’s Curry; the country’s first locally owned microbrewery RedDot BrewHouse; local favourite Long Beach Seafood; and...