Commercial Property
Singapore property auction sales for January-June amount to $87mln
Singapore property auction sales for January-June amount to $87mln
80% of all properties put to auction were owner’s sales to capitalize on the auction process.
Singapore sealed 15 large investment market deals
Overall Q2 2010 investment sales posted a 64.1% increase over Q1 2010 to $4.71bln.
Buyers frustrated as residential property prices reach record high
But analysts say property prices may soften in the next few months due to falling sales volume.
HSBC snaps Clarke Quay from CapitaMalls
Property giant CapitaMalls Asia Limited announced on Thursday that the transaction with a subsidiary of HSBC has been completed.
UOL Group borrows S$1bln for refinancing
The property developer aims to raise funds with the billion dollar loan.
CapitaLand expands assets in Australia
The Singapore realty giant goes down under with the opening of Citadines Melbourne in Victoria on 1 July.
Grade A space in Singapore in short supply
Jones Lang La Salle said opportunities are not in Grade A spaces but to be found in Grade B and suburban markets.
SGX lists Bund Center Investment
The 763rd member of SGX has started trading under the ticker symbol Bund Center.
MTI confirms 19.92 hectares for IGLS programme
The Ministry of Trade and Industry launched its Industrial Government Land Sales programme, which includes seven sites, for the second half of 2010.
Prime office rents stabilise after falling 60% from peak
Office occupancy in Singapore rose by 0.8 percentage point quarter-on-quarter to 93.2% as a result of growth in demand.
Up-market home sales dropped in Q2
Sales of high end homes moved slowly in Q2 as foreign investors held back their purchases on fear of weakened foreign currencies against Singdollar.
iProperty.com acquires rival website
The Singapore-based property website with an estimated monthly average of more than 400,000 unique visitors has now taken over SG-House.com.
Frasers Centrepoint acquires 13.7-hectare site in Sydney
Frasers Property Australia bought S$97.8mln lot from Royal Rehab to strengthen Fraser brand in Australia.
Waterfront Gold introduces skypark in luxury project
Residents will be the first in country to enjoy skypark for leisure, relaxation and workout.
Grade A office vacancies soar in Q2 2010
Grade A office vacancy rose from 5.5% in Q1 2010 to 6.4% this quarter but Office Services say this is an anomalous finding.
CapitaCommercial confirms rumours of potential StarHub Centre sale
CapitaCommercial Trust Management Limited released statement on Thursday saying that the company is evaluating all options with regard to the asset...
Launching: The Scala at Serangoon Avenue 3
HDB upgraders are expected to be the majority of buyers, while price is pegged at an average of $1,100 psf.
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