A pair of two-storey conservation shophouses in Duxton Hill, Tanjong Pagar has been launched for sale with an S$11 million guide price, marketing agent JLL announced on Monday. The indicative price works out to about S$2,800 per square foot on the estimated gross floor area. Located on 39 and 40 Duxton Road, the shophouses have a combined land area of 2,161 sq ft, and an estimated built-up area of...

AN associated company of CapitaLand is buying the office space at the former GSH Plaza in Cecil Street from a fund led by Hongkong-listed Fullshare Holdings in a deal expected to exceed S$500 million. The building, now known as Plus, is at 20 Cecil Street, beside Republic Plaza. Sources told The Business Times the price works out to about S$2,320 per square foot, lower than what Nanjing-headquartered...

Mapletree Commercial Trust (MCT) is proposing to buy a business park in Pasir Panjang at an agreed property value of S$1.55 billion from Heliconia Realty, a direct wholly-owned subsidiary of Mapletree Investments, MCT’s sponsor. If completed, this could count as one of the largest acquisitions by a Singapore real estate investment trust (S-Reit) this year. S-Reits have in recent weeks been on an...

During the weekend before last, four new private residential projects were put on the market and all of them had posted relatively tepid sales, ranging from five units for Cuscaden Reserve to 21 units at Meyer Mansion. The other two projects released in that week were Uptown@Farrer, next to Farrer Park MRT Station in the Serangoon Road area, and The Antares, next to Mattar MRT Station in the Aljunied...

Co-living startup Commontown aims to double the number of beds it has in Singapore to 80 from 40 by the end of the year, and expand to Indonesia and Malaysia in the first half of 2020. The Singapore-headquartered South Korean firm will open new spaces in the Republic over the next three months, including in Geylang, Novena, Red Hill, River Valley and Tiong Bahru. The company opened its first...

City Developments Limited (CDL) on Wednesday morning unveiled the revamped Republic Plaza, its flagship property in Raffles Place, following an extensive S$70 million asset enhancement initiative (AEI) which started in April 2018. Although the building had previously undergone several enhancements, this was its first major facelift since it was completed in 1996. At 280 metres tall, the 66-storey...

Cove, a newcomer in Singapore’s co-living sector, has secured more than US$2 million in seed funding to expand in South-east Asia and build-out its technology. The round was led by investment firms from Asia and Europe – Indonesia’s Venturra; Singapore’s Investigate and Yuj Ventures, which is backed by The Xander Group; and Germany’s Picus Capital. The lead investors were joined by Singapore...

A row of six adjoining shophouses in Tanjong Pagar have been launched for sale, either individually or collectively, via an expression of interest exercise, joint marketing agents Colliers International and Jones Lang Lasalle Singapore (JLL) said on Tuesday. Located at 48 to 56 Peck Seah Street, the three pairs of two-storey conservation shophouses with attic sit on three separate land lots with a...

Bishan Park Condominium is being put up for collective sale with an asking price of at least S$680 million, its marketing agent ERA Realty said on Tuesday (Sept 24). The 28-year-old condominium is just an eight-minute drive from Braddell View — a mega site also up for en-bloc sale with a S$2.08 billion price tag. That site is still looking for a buyer with its tender due to close on Wednesday. More...

Keppel Land China Limited (Keppel Land China) has entered into a share sale and shareholder loan transfer agreement with Topchain Group (Topchain) to acquire a 30% stake in Win Up Global which will ultimately own Westmin Plaza, an office and retail development in Liwan District, Guangzhou, China. The investment amounted to approximately HKD141.4 million (approximately S$24.8 million) for cash consideration...