Some folks may think that CapitaLand does not have many Singapore residential developments coming up - with only two projects currently. However, the property group has a much larger canvas for creating development opportunities at home in various asset classes, beyond residential, after its S$11 billion acquisition of Ascendas-Singbridge (ASB) this year. In fact, one of the group's priorities in...

From seeking outpatient treatment at a polyclinic to purchasing hawker food, Yew Tee residents need not go the distance after a new integrated development is ready. Plans for the Yew Tee Integrated Development - estimated for completion around 2026 - were announced by Minister of National Development Lawrence Wong on Sunday (Sep 22) during Yew Tee Town Day. The multi-agency effort involves the...

Construction will start by year-end on the long-awaited redevelopment of resort island Sentosa and nearby Pulau Brani, in a blueprint unveiled by national planners on Friday. The Sentosa-Brani Master Plan will be rolled out in phases over the next two to three decades, Quek Swee Kuan, chief executive of government agency Sentosa Development Corp (SDC), told a briefing. The plan is expected to bring...

Sales of Singapore apartments worth at least S$10 million have hit an 11-year high, fuelled by increased demand from Chinese millionaires seeking safe-haven assets, say property consultants OrangeTee & Tie on Friday (Sept 20). Investors have long viewed Singapore as an island of stability that attracts the super-rich from its less developed Southeast Asian neighbours, as well as multimillionaires from...

A comprehensive blueprint aimed at redeveloping Sentosa and Pulau Brani into a “game-changing leisure and tourism destination” was unveiled on Friday (Sep 20), with plans for new spaces and concepts as well as rejuvenated beaches. The redevelopment of Sentosa and Pulau Brani is part of the Government’s larger move to remake Singapore’s Greater Southern Waterfront (GSW) and follows plans outlined...

Property developer OUE has inked agreements to sell Oakwood Premier OUE Singapore, its luxury serviced residences and hotel business in Shenton Way, for S$289 million. The buyers are joint venture firms formed by Hong Kong financial services firm AMTD Group and hotel operator Dorsett Hospitality International. Dorsett is wholly owned by Hong Kong-listed property giant Far East Consortium International...

Amid a lower-for-longer interest rate environment, Singapore real estate investment trusts (S-Reits) are ramping up their acquisitions worth billions of dollars, according to market observers. Just this week alone, three S-Reits have announced equity financing to partially fund their acquisitions - Keppel DC Reit raised S$478.2 million to fund its proposed acquisition of two data centres worth about...

Manhattan House - a full commercial site along Chin Swee Road - will be up for sale via a public tender on Friday, with a reserve price of S$300 million. This reflects a land rate of S$1,681 per square foot per plot ratio, inclusive of the differential premium payable, ERA Realty Network said in a news release on Wednesday. The collective sale launch was announced after Manhattan House received a...

The Government is working out a new pricing model for future public housing in the Greater Southern Waterfront, in order to mitigate the so-called “lottery effect” of obtaining a subsidised flat in a prime area, said Minister for National Development Lawrence Wong on Thursday (Sep 19). His comments come after Prime Minister Lee Hsien Loong said in his National Day Rally speech last month that the...

Warburg Pincus-backed ARA Asset Management, one of the largest Asian real estate fund managers, is exploring a dual stock market listing, including one in Singapore, in the next two to three years, group CEO and co-founder John Lim said. "A dual listing is a likely scenario. Singapore definitely will be one venue," Mr Lim told Reuters on the sidelines of a conference organised by DealStreetAsia on...