Property News
SLA puts 5.7 ha Phoenix Park site with over 30 buildings up for master tenancy
New permitted uses for the Tanglin Road cluster include art galleries, co-working and co-living spaces; tender closes on Nov 12
Billionaire ploughed a fortune into London luxury property as market soured
Entrepreneur John Caudwell’s lofty ambitions are colliding with the worst slowdown in the city’s high-end property sector
Sing Holdings-Sunway JV tops bids for second Chuan Grove site, eyes amalgamation
Its offer of S$1,331 psf ppr in the latest state tender is lower than the S$1,376 psf ppr it paid for an...
Malaysia’s new housing projects decline, unsold homes increase
[KUALA LUMPUR] Malaysia saw a sharp drop in new residential housing projects in the first half of this year, while the number...
PropertyGuru appoints Yao Lu as new Singapore managing director
Dr Yao will assume his new role on Sep 15
Tycoon couple Gordon and Celine Tang’s son picks up Second Avenue GCB for S$53 million
The price works out to S$2,652 psf on land area; property is sold by immersive entertainment group Neon’s chairman, Ron Tan
New World scion Adrian Cheng resigns from family investing firm
The developer has been trying to grapple with its heavy debt amid an unprecedented property downturn
Real estate players split on whether seller’s stamp duty hikes will curb speculation: NUS poll
Respondents say excessive government intervention could distort natural market mechanisms
Blackstone revamps Asia real estate unit as senior executive steps down
The firm’s recent big-ticket deals include data centre operator AirTrunk
Manhattan property owners seek over US$500 million for lots
It’s near JPMorgan Chase’s new headquarters as well as Citadel’s pending development
New Zealand house prices drop to two-year low in weak economy
The country’s property market has retreated under the weight of a large overhang of houses for sale and buyer caution over their...
MetaOptics looks to SGX Catalist debut for path to profitability
CEO Mark Thng says the listing will give the home-grown startup greater leverage in fundraising
New licensing regime from 2028 for supervision of large-scale building works: Chee Hong Tat
From 2027, building owners and developers must also engage licensed firms to certify newer lifts and escalators meant for public use
Blackstone buys 700 million euros trophy Paris office
The transaction is expected to close in the fourth quarter of 2025
Dubai’s US$1,300 a night hotel operator expands to Fiji after US
Kerzner’s brands also include Atlantis Resorts, Siro resorts and Rare Finds
CDL puts Quayside Isle @ Sentosa Cove mall up for sale at S$111 million
The expression of interest exercise for the mall will close on Oct 15
Singapore property players upbeat on prime and suburban residential sector amid overall pickup in sentiment: NUS
But global slowdown and weaker domestic outlook remain top concerns
Hillhouse-backed Samty sells 49 billion yen worth of Japan multi-family assets to sovereign wealth funds
The two portfolios comprise 30 newly built properties, most of which are located in Tokyo, Osaka and other major cities
Jane Street plans to move Singapore office in latest Asia expansion
It is now looking to ramp up its hiring in the Republic, with almost 10 open positions based there
Some 6,000 BTO flats planned for upcoming Mount Pleasant estate
This is 20% higher than the previously announced 5,000 units, with the first of four Build-To-Order projects launching in October
Evergrande liquidators ask court to name receiver for founder Hui Ka Yan assets
The property developer has become an emblem of China’s property crisis since it defaulted in 2021
Bessent says Trump administration will tackle high housing costs with new measures
[ARLINGTON, Virginia] President Donald Trump’s administration plans new measures to tackle the high cost of housing in the coming weeks, US Treasury...
More older condos resold as buyers seek space and value
The rise in demand for ageing condominiums comes even as more private apartments are getting older and struggling with deteriorating infrastructure and...
Time is running out for Singapore’s oldest HDB flats as prices flatten and demand slows
As demand dwindles for older HDB flats, questions remain over how a voluntary redevelopment scheme will change the market
Asia-Pacific hotel deal value falls 23% to US$4.7 billion in H1 2025: JLL
Macroeconomic uncertainty results in investors gravitating to safe-haven markets, even as decision-making timelines lengthen
New World’s Cheng family weighs capital injection by year-end: sources
The plan under discussion would establish a joint venture to provide liquidity to the debt-laden builder
New Zealand opens luxury home market to golden visa holders
The Active Investor Plus visa offers residency in exchange for a significant investment
Marina Bay Sands’ scale, success and bold expansion are a blessing and a curse for Singapore’s hotel sector
The integrated resort is outperforming the industry and its growth will augment its leading position
New Zealand home-building approvals stuck in 15-month slumber
The government wants to reinvigorate the industry as it tries to revive economic growth
Rents for privately held HDB shops double in past year; prices hold steady for those leased from HDB
The rising rents are squeezing some shops in the HDB heartland, leading them to relocate, downsize or close altogether
China’s home sales slump extends as prices continue to decline
Sales have fallen for six straight months
Australian home prices climb for seventh month after rate cuts
The government has an ambitious target of 1.2 million new homes by 2029
Transforming Singapore’s state properties into great spaces
The Singapore Land Authority manages some 11,000 hectares of state land and 2,600 state buildings, and is looking at ways to optimise...
‘Undervalued’ CapitaLand Ascott Trust presses on with diversification for stability and growth
Lodging trust has a tested playbook of operating in a spread of geographies and asset classes with disciplined capital management
Hotel Miramar to shut end-October; 108 employees hit
It attributes the ‘difficult decision’ to its long-term business outlook
Singapore mall landlords are adapting to changing consumer habits, but there’s room for new approaches
Suggestions from market players include mixed-use developments that will ease reliance on rents and tapping underused spaces for pop-ups
Land betterment charges for commercial, residential and industrial uses go up by 0.1% to 1.6% on average
Rates for place of worship, civic and community institution use to rise by 2.9% on average; rates for hotel, hospital, nursing home...