Check this post: Portfolio of 20 strata commercial units for sale at New World Centre for $55 million Qingjian Realty and Santarli Realty started voting to second time HDB buyers in the Altura executive condominium (EC) on the 16th of September which resulted in 95 sales. The take-up rate was raised up to 87.5%, and […]
Read more: Changi City Point is sold for $338 million by Frasers Centrepoint Trust According to figures published by URA on the 15th of September, developers sold 394 new homes, excluding executive condominiums (ECs) for August. This is an 72.1% m-o-m plunge from the 1,412 units sold in July which represented a twenty-month record. In […]
Read related article: GuocoLand reports 60% rise in revenue for FY2023, but 44% fall in net profit For more than a decade, FM Investment (FMI) has been a leader in the provision of complete end-to-end real property management and investment client services. With years of experience with and around the Japanese property industry, FMI is […]
Property developers with projects completed are becoming more innovative in their deferred payments schemes (DPS). The latest company to introduce the DPS has been SDB Asia, the property development part of Malaysia’s Selangor Dredging, for its project called One Draycott. Hillock Green enbloc site is part of the new Lentor Hills Estate, is nestled in […]
One of the major concerns for the majority of commercial real estate asset management companies, developers and landlords is the chance they run that properties they manage are no longer relevant for tenants and investors in five or 10 years’ time in the future, according to Thomasin Crowley, global director of Asia Pacific at WiredScore. […]
A shop on the first floor Lucky Plaza will be auctioned off at the auction of Knight Frank on September 19. A seller’s sale and the freehold property situated on Orchard Road has a guide price of $7.1 million. This is roughly $16,100 per square foot based on its size of floor space of 441 […]
Based on research conducted by the National University of Singapore (NUS) Real Estate in the 2Q2023 survey of sentiment released on August 30th, a slowdown in worldwide economic activity is the most significant worry for senior executives in Singapore’s real estate development and construction sector. This was listed as the top threat from 92.5% of […]
A collection of 20 strata-titled office and retail units located at New World Centre which is a three-storey commercial building located on Jalan Berseh, off Jalan Besar which is for sale at an estimated value of $55million. The whole portfolio comprises a floor space of 39,504 square feet, which is approximately 57% of the total […]
The director of Frasers Centrepoint Trust (FCT) has announced that it is planning to sell Changi City Point to a buyer who will pay $338 million cash. The consideration was negotiated on a willing-buyer-willing-seller basis after taking into account the property’s independent valuation of $325.0 million as at July 31. The trustee of the REIT, […]
GuocoLand announced the company’s 60% increase in revenue y-o-y of $1.54 billion in FY2023, which covers the twelve months that ended June 30. In FY2023, revenue for the Group was up 72% to $882.9 million. However there was an impairment expense that was $46.9 million and an of 59% increase in interest costs to $149.7 […]