The 20-storey Twenty Anson in Tanjong Pagar is believed to have been bought by a foreign private equity fund from CapitaLand Commercial Trust.PHOTO: CAPITALAND COMMERCIAL TRUST CapitaLand Commercial Trust (CCT) is selling Twenty Anson, a 20-storey office building in Tanjong Pagar, for $516 million in the largest office real estate deal so far this year. … Continue reading Twenty Anson sold for $516m in biggest office property deal this year
Category: Commercial
Far East bags coveted Holland site for S$1.2b
A CONSORTIUM led by property giant Far East Organization, which has clinched a coveted commercial and residential site in Holland Road, is planning a development with apartments for sale, dual office/residential use units, offices, retail space and serviced residences on the site. Far East Organization executive director of property services Augustine Tan, on behalf of … Continue reading Far East bags coveted Holland site for S$1.2b
Singapore’s old shophouses a promising haven for investment
Good shophouse deals are hard to find and those that are partly residential are not available to foreigners. But last year saw 148 transactions, topping $1 billion, a 40 per cent jump over 2016, according to CBRE's analysis.ST PHOTO: KELVIN CHNG As a hiding place from US President Donald Trump's trade war against China, a … Continue reading Singapore’s old shophouses a promising haven for investment
Local tie-up snaps up Sembawang mall for $248m
A joint venture comprising two local business groups is buying Sembawang Shopping Centre from CapitaLand Mall Trust (CMT) for $248 million - almost the double the complex's latest valuation. Lian Beng-Apricot Sembawang, as the venture is called, is a 50:50 partnership between construction firm Lian Beng Group and Apricot Capital, the private investment firm … Continue reading Local tie-up snaps up Sembawang mall for $248m
Marina One, Duo set to make big impact on property scene
The two eye-catching developments that have been built on sites that were part of a landmark pact between Singapore and Malaysia look poised to make a major impact on the commercial and residential property markets. Blue-chip tenants, including Facebook and Prudential, have already signed up for office space at the integrated developments, while many of … Continue reading Marina One, Duo set to make big impact on property scene
Mortgagee sales hit new high in 3Q2017
In 3Q2017, the total number of properties put up for auction increased 26.7% q-o-q, or 14.8% y-o-y, to 209 units. The number of mortgagee listings hit a new high — 82 of 209 (39.2%) — in the period, despite improving market sentiment, according to Knight Frank in a report on Nov 10. Residential properties dominated … Continue reading Mortgagee sales hit new high in 3Q2017
GuocoLand joint venture wins Beach Rd site bid; promises ‘futuristic’ mixed development
A 70:30 joint venture between GuocoLand and Guoco Group has been awarded a 99-year leasehold commercial site at Beach Road, Singapore's Urban Redevelopment Authority (URA) announced on Tuesday. The consortium had submitted the highest bid of S$1.622 billion during the tender, reflecting S$1,706 per square foot per plot ratio (psf ppr). In a statement, GuocoLand … Continue reading GuocoLand joint venture wins Beach Rd site bid; promises ‘futuristic’ mixed development
CapitaLand agrees to buy Asia Square Tower 2
In largest office transaction in Asia Pacific this year, Singapore real estate company to purchase landmark office tower for S$2.09 billion SINGAPORE – Singapore real estate company, CapitaLand, has agreed to buy Asia Square Tower 2, part of a world-class commercial development in Singapore’s Marina Bay business and financial district. Real estate consultancy JLL advised on the … Continue reading CapitaLand agrees to buy Asia Square Tower 2
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