Property News
Good Class Bungalow market activity picks up pace on ‘realistic’ pricing
Wealthy buyers keen to snag trophy assets at fair market value
EL Development puts in sole bid for Marina Gardens Lane site at S$450 million or S$1,243 psf ppr
It is below estimates from market watchers for a top offer of S$1,350 to S$1,500 psf ppr
Malaysia’s IOI Properties eyes Chijmes, Capitol Kempinski hotel in potentially US$760 million deal
Group CEO Lee Yeow Seng aims to challenge the wealthy clans dominating Singapore’s property market
Asia-Pacific office demand to withstand AI disruption as growth moderates: CBRE
Occupied office space is projected to expand 13% through to 2030 under a moderate AI-displacement scenario
New private home sales nearly double in September to 296 units
The rebound comes amid limited fresh supply, with several major launches expected before year-end
New York City’s Plaza Hotel to shut for four-year clean-up of its celebrated facade
The Fifth Avenue landmark, which opened in 1907, requires a restoration of its exterior, its operators say
UOL and CapitaLand to launch Thomson Reserve from S$2,608 psf
The mega development sits on the former Thomson View site, and was acquired for S$810 million in 2024
Britain’s mansion tax shows the difficulty of targeting wealth
Tax lawyers and councils in affluent areas warn that the launch of the levy in 2028 will be hit by a wave...
Hongkong Land in talks with Ong Beng Seng’s HPL for stake in Orchard Road buildings: sources
A potential deal may involve the voco Orchard hotel, Forum mall and HPL House
Parkway Life Reit buys 3 nursing homes in France for US$43.5 million
Its aggregate leverage is expected to increase to about 35.3%
City Plaza owners in private talks after close of S$970 million en bloc tender
No formal bids have been made; EOIs have been submitted and discussions are ongoing
Beauty World Plaza up for collective sale for S$165 million
The mixed-use development site ‘offers redevelopment and asset enhancement potential’, says ETC
Balestier Regency makes another en bloc bid at S$255 million
The 72-unit freehold site could be redeveloped into up to 161 units, subject to approvals
San Francisco isn’t giving up on turning more of its offices into homes
The city has not completed any conversions despite hopes to meet housing demand
Frasers Hospitality selective about expanding luxury serviced-living brand
Operator is discussing potential conversions of Fraser Suites properties to new Fraser Suites Reserve brand
The line between public servants and private property
A recent report suggests civil servants disproportionately bought homes near planned but yet-announced MRT stations
Tycoon says Taiwan’s tech boom is filling up his luxury hotels
Formosa International Hotels is set for record revenue and profit in 2026, says hospitality tycoon Steven Pan
Australia home auction clearance rate stuck below 50% for second week
Demand has been hit by higher borrowing costs and tax changes in the May Budget