The Marina Mandarin Singapore and parts of the Marina Square complex are changing hands for S$675.3 million, under a deal last Friday involving firms linked to tycoon Wee Cho Yaw. United Industrial Corp (UIC) is buying out Finnegan Investments and Mackmoor, as well as mainboard-listed OUE. The whole Marina Square mall will then be owned jointly by UIC and parent UOL Group. UIC is coughing up that sum...

More than 20 ageing office buildings in Singapore's CBD, currently housing some 6 to 6.5 million sq ft of office space, could be redeveloped to make way for state-of-the-art buildings under the CBD Incentive Scheme as part of the recently released draft Master Plan 2019. This is the number of buildings JLL Research estimates could satisfy the criteria set under the scheme, which offers higher plot ratios...

Singapore was again the second-most expensive city in the world to buy a house last year. It emerged behind Hong Kong, which remained in first place, in the Global Living report by real estate firm CBRE which compared investment residential properties across 35 global cities. In terms of rentals, however, Singapore was the 10th most expensive. And with property prices inching up just 1.1 per cent...

Singapore remains the world's second-most expensive housing market after Hong Kong, according to an annual CBRE report which compares private residential property markets across 35 cities. But average price growth was significantly slower, at just 1.1 per cent. Hong Kong kept its top position with an average residential property costing US$1.235 million or US$2,091 per square foot (psf). Singapore came...

Edmund Tie & Company (ET&Co), the sole marketing agent for a rarely available freehold redevelopment site near the Aljunied MRT station, is pleased to offer this property for sale. Strategically located in the city fringe within a mature industrial cluster, the property occupies a regular plot with a site area of 1,427.4 square metres (sq m) or 15,364 square feet (sq ft). The property enjoys excellent...

A six-storey detached industrial building at 115 Eunos Avenue 3 is up for sale by expression of interest by marketing agent Cushman & Wakefield. It joins other properties in the city fringes that have put on the market this week, including a freehold four-storey commercial building at 118 Joo Chiat Road and a freehold redevelopment site at 51 Lorong 21 Geylang. They have indicative prices of S$20...

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...