Hmlet, a Singapore based co-living company, has signed a new property in the Tanjong Pagar, Cantonment Downtown CBD precinct. The startup will operate more than 150 rooms as serviced apartment units at its largest co-living building to date. The co-living space is set to open in July, and will see Hmlet increase its number of members to more than 2,400 across the Asia-Pacific by the end of the year,...

OUE Commercial Real Estate Investment Trust said on Monday (Apr 8) it would buy OUE Hospitality Trust in a cash-and-stock deal worth S$1.37 billion (US$1.01 billion), creating one of Singapore's largest REITs. Under the deal, OUE Commercial will issue 1.3583 new shares for every OUE Hospitality share, and pay S$0.04075 per share in cash. The total deal value is a premium of 1.6 per cent to OUE...

After a good run this year, S-Reits are likely to remain in vogue amid a more dovish Federal Reserve and room for further growth. Analysts pointed to hospitality and industrial Reits among their preferred sectors on the back of easing supply, although some highlighted that valuations in general have tightened and investors might do well to accumulate on pullbacks. "While investors could eye near-term...

The receivers and managers of Big Box Pte Ltd are conducting an expression of interest (EOI) exercise for its Big Box mall in Jurong East. It has a remaining land tenure of 30 years from March 23, 2007 (18 years unexpired). The site area is approximately 606,639 square feet (sq ft), and total gross floor area is about 1.4 million sq ft. The eight-storey Big Box mall was constructed in 2014 and...

Laguna Park off Marine Parade Road has been relaunched for sale by tender with a reserve price of S$1.48 billion, marketing agent Knight Frank Singapore announced on Monday. The 99-year leasehold private residential estate in the East Coast area was previously put up for collective sale in September 2018, after two attempts by owners of the development in 2007 and 2010. The reserve price of S$1.48...

Old flats - once the storehouse of wealth for owners should their homes be chosen for en-bloc redevelopment - have become a source of anxiety for residents after the government two years ago cautioned against speculation of state buyouts of these assets. The idea that the value of one's home can eventually run down to zero is a terrifying thought, one which increasingly more researchers are studying in an...

Wing Tai Holdings' Wingcharm Investment Pte Ltd won a state tender for a 99-year leasehold site in Middle Road for private residential with commercial at first storey use, beating out nine others with its nearly S$492 million bid. Spanning about 80,300 sq ft, the Middle Road plot can yield an estimated 375 homes. The site will be developed into two 20-storey residential towers and one block of low...

Oversea-Chinese Banking Corporation (OCBC) is looking to sell a 22-storey freehold serviced-residence development at 2 Mount Elizabeth Link, according to The Business Times. The district 9 property housing 72 serviced apartments is leased to Frasers Hospitality, which operates it as Fraser Residence Singapore. OCBC has appointed Cushman & Wakefield as the exclusive marketing agent to find a buyer for...

Frasers Property said on Thursday that it "has been in discussions with certain parties who have expressed interest” in its Frasers Tower office property, located at 182 Cecil Street. It said that there is no certainty that any transaction would result from such discussions, according to a bourse filing in response to Bloomberg queries. Frasers Property also added that it continually reviews...

The volume of HDB resale flats grew by 26.1 per cent in March, marking the highest jump in eight months since August last year. There were 1,657 HDB resale transactions in March, up from the 1,314 units sold in the previous month, according to according to flash estimates from real estate portal SRX Property on Thursday. However, resale volume in March was 12.7 per cent lower than the 1,897 units...