Stories By: The Edge (3,864 Articles Found)

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Ascendas REIT reports slightly higher q-o-q portfolio occupancy of 91.7% in 3Q business update

The manager of Ascendas REIT (A-REIT) has reported portfolio occupancy of 91.7% for the 3QFY2021 ended Sept, 0.4 ppt higher than the 91.3% reported in the 2QFY2021 ended June. On a y-o-y basis, the REIT’s portfolio occupancy dipped…

Surbana Jurong joins Australia-Asia Powerlink, project can supply 15% of Singapore’s power needs from 2028

SMEC, a member of the Surbana Jurong Group, is joining a team of global experts to deliver the Australia-Asia PowerLink (AAPowerLink), one of the world’s largest renewable energy projects. By harnessing Australia’s solar energy, the AAPowerLink will be…

Boutique hotel Ann Siang House reopens with mid- to long-term rental leases

Boutique hotel Ann Siang House, with 19 rooms and studio apartments, has now reopened for mid- to long-term rental leases, in a pivot from catering to short-term stays pre-pandemic. Located along Ann Siang Road in Chinatown, it comprises…

IWG opens co-working space at Plus Building in Raffles Place

Flexible workspace provider IWG has opened a new co-working place in CapitaLand’s Plus Building in Raffles Place. Under its Regus brand, IWG will be offering 22,000 sqft of co-working space across two floors in the 28-storey building at…

Kimen Group’s Jervois Mansion secures 98% sales at launch

Niche developer Kimen Group announced that 103 out of a total of 105 units released at its maiden project Jervois Mansion had been sold as of Oct 16. This brings sales to 98%. The developer is retaining the…

ARA to raise stake in LOGOS to 86% as ESR Cayman, ARA merger takes next step

Since ESR Cayman has the irrevocable undertakings of its major shareholders for the merger with ARA Asset Mgmt in a largely share transaction, the shape of the enlarged entity is starting to take shape, with an EGM set…

Habitap launches subscription-based smart home and office management systems

Habitap, a homegrown provider of smart home features for new condominiums and developments, has snared a comfortable share of the smart home market in Singapore. Last month, the tech firm announced a new product called Habitap One, its…

Resale unit at luxury Ardmore Park sold for $5.95 mil profit

The sale of a 2,885 sqft, four-bedroom unit at Ardmore Park was the most profitable resale transaction over the week of Sept 28 to Oct 5. The luxury unit on the 23rd floor was sold for $10.75 million…

Luxury condo prices surpass previous peaks

A penthouse at Nassim Park Residences has recently been put up for sale. The 6,879 sqft, five-bedroom penthouse has a price tag of $35 million ($5,088 psf) and is situated in the premium block of the development, with…

CapitaLand, Frasers Property among Singapore companies recognised in global real estate sustainability rankings

A number of Singapore real estate companies have been recognised for their sustainability efforts in the 2021 GRESB rankings. CapitaLand retained its position as the Global, Regional and Asia Sector Leader, scoring the highest rating of 5 stars.…

Rare six-storey conservation shophouse at Boat Quay selling for $28 mil

A six-storey shophouse at 46 Boat Quay has recently been put up for sale with a guide price of $28 million. The property sits on a 1,441 sqft plot which has a 999-year leasehold tenure. The sale of…

Unit at The Coast at Sentosa Cove on the market for $5.6 mil

A three-bedroom duplex penthouse unit at The Coast at Sentosa Cove, along Ocean Drive in District 4, will be put up for owner auction for $5.6 million ($1,581 psf). The auction is tentatively scheduled for Oct 19, which…

ESR Cayman raises stake in Sabana REIT through DRP

ESR Cayman’s stake in Sabana Shariah Compliant Industrial REIT rose from 19.73% to 20.03% following its adoption of of Sabana REIT’s distribution reinvestment plan for its DPU, taking units instead of cash. On Oct 6, Sabana REIT announced…

ESR Cayman scraps VLNs as part payment for ARA Asset Management

ESR Cayman announced on Oct 12, that it will not be issuing vendor loan notes (VLN) to sellers of ARA Asset Mgmt. Instead, these would be replaced by ‘consideration shares’ to the seller or consideration recipient. On Aug…

Alternative investment asset classes may be better than having second property as retirement investment: DBS

A new private property may no longer be “that pot of gold” that Singaporeans can solely rely on as their retirement nest egg, according to DBS’s latest NAV Financial Health Series research report, the third in this series.…

Real estate investment sales rise 22% in 3Q2021: Cushman & Wakefield

Singapore’s real estate investment sales rose 22% q-o-q to nearly $8 billion in 3Q2021, boosted by transactions in the residential sector, highlights C&W in a report. This was mainly due to the sale of two mixed-used sites —…

Three-storey corner terraced house at Joo Chiat Place selling for $5.2 mil

Fronting a row of conservation shophouses in the historic Joo Chiat neighbourhood is a row of terraced houses. Sitting on a corner lot at Joo Chiat Place is a three-storey terraced house that is on the market at…

Only 15 strata houses left at Kent Ridge Hill Residences

Strong demand for conventional landed property over the past year has now spilled over into the strata housing sector. Indeed, strata houses provide a foothold for upgraders who aspire to own a landed property and desire more living…

Unit at Rivergate gains $3.82 mil profit

The seller of a unit at Rivergate at Robertson Quay made the top gain of $3.82 million over the week of Sept 21 to 28. The 3,100 sqft, four-bedroom unit was bought for $3.45 million ($1,115 psf) in…

Why landed property is a great store of wealth

The star performer in the residential market this year is the landed segment. And it is not just the Good Class Bungalows (GCBs), where many of the record-smashing deals have taken place. In the first nine months of…

Does it make sense to buy strata landed property today?

Jip Ng, senior group district director at PropNex, has been a realtor focused on the strata landed segment for the past two decades. A question he is frequently asked is: “Why doesn’t strata landed property appreciate as much…

Artisann Villas at Hillview debuts with semi-detached house from $5 mil

Husband and wife Nathaniel and Adelene Chua had been looking for a suitable site for a pilot project under their new flagship Artisann Villas for about a year when they chanced upon an old detached house located near…

PropNex signs MOU with SISEU, launches real estate salespersons chapter

On Oct 7, PropNex announced it has signed a MOU with SISEU, and has set up the PropNex RES Chapter – Agents’ Voice Matters. PropNex will have a formalised framework supported by SISEU, which looks into the welfare…

Freehold semi-detached house at Lorong Salleh for sale at $6.48 mil

A freehold semi-detached house at Lorong Salleh in the private landed Kembangan Estate is on the market. The 3½-storey house is newly completed, having received its TOP just last month. The house sits on a freehold land area…

Sultan Plaza attempts collective sale

Owners of Sultan Plaza shopping mall have kickstarted the attempt to launch the development for a collective sale at a guide price of $360 million, according to Teakhwa Real Estate. The commercial site occupying 52,471 sqft at 100…

Average psf prices of landed homes at ‘all-time high’

Landed homes in Singapore have been well sought after. After the pandemic hit, the average psf prices across different landed property types have in fact increased further, and are currently at an “all-time high”, notes Ismail Gafoor, CEO…

Bungalow with 17 rooms on Koon Seng Road going for $12.5 mil

Nestled in Singapore’s east side, a 3½-storey, freehold bungalow in District 15, along Koon Seng Road, is on the market at a guide price of $12.5 million. The psf price works out to $1,722, based on a land…

Corner terrace at Hythe Road in Serangoon Gardens up for sale at $5.68 mil

Just behind SGCC, tucked along Hythe Road, is a brand new 2½-storey corner terraced house that is up for sale. Sitting on a land plot of 2,700 sqft, the property is built by developer WBL Development who had…

Lendlease to build large vaccine facility in 2021 in support of Singapore’s biopharmaceutical sector

Lendlease has announced, on Oct 7, that it will be commencing construction of a large-scale, greenfield vaccine facility in late 2021. The move is said to be in support of Singapore’s growth as a life sciences hub. The…

Ascott’s co-living brand lyf to open 17 properties by 2025

The Ascott, CapitaLand Investment’s (CLI) lodging business unit, announced it has expanded its portfolio of co-living properties under the lyf brand to a total of 17 properties with over 3,000 units in 13 cities and nine countries. The…

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