News and media releases
Property News
Getting real on Good Class Bungalow prices
Some silver-generation owners of bungalows in GCB Areas are adjusting downwards their price expectations, in favour of smaller homes and more cash...
US mortgage rates climb after five straight weeks of declines
A bump in listings has given house hunters more choices and greater negotiating power
Q3 wave of condo launches will test demand for Singapore prime projects above S$3,000 psf benchmark
Close to 2,000 units to be launched in the Core Central Region alone, in the biggest batch of new supply there since...
Manhattan rents hit another record with more increases to come
Rents typically climb during the summer, but the pressure this year is intensified by the Fairness in Apartment Rental Expenses Act, which...
Goldman buys 262 billion won hotel, retail assets in Seoul
The purchase comprises 270 rooms and mixed-use retail property
UK homebuyer demand rebounds to a six-month high, index shows
Improving demand indicates the property market is steadying from the impact of the increase to the stamp-duty tax
WeWork secures new tenants, fills more space at 21 Collyer Quay, Suntec City post-bankruptcy
The co-working operator is upbeat about its prospects in Singapore and globally
Hong Kong’s Henderson Land to raise US$1 billion through convertible bonds
The initial conversion price is HK$36 per share, and, if the bonds are converted fully, will increase Henderson Land’s equity capital by...
UK builders to pay £100 million to housing programmes after competition probe
They agreed to refrain from sharing information except in limited circumstances
South Korea’s household loan surge puts rate-cut plans under pressure
The value of loans rose by US$4.5 billion in June from a month earlier in the biggest increase since August 2024
New World is selling China property assets after loan deal: sources
The developer is said to favour buyers such as investment funds or private firms that can make swift decisions and offer faster...
Chuan Grove site draws 7 bids, with top offer of S$1,376 psf ppr from Sing Holdings-Sunway joint venture
The S$703.6 million bid for the suburban plot is just a shade under the S$1,410 psf ppr price paid for a prime...
Singtel, Lendlease break ground on new S$3 billion Comcentre
The redevelopment will have two 20-storey Grade-A office towers with 81,960 sq m of office space, and 20,000 sq m of lifestyle...
‘Not making enough to survive long’: Tenants lament poor footfall, vacant units at Hao Mart’s Taste Orchard
The master tenant has scaled down its own operations of supermarket Eccellente to optimise space and reduce overheads
Dubai’s luxury property sales continue record-setting streak
The luxury end of the emirate’s real estate market, including waterfront villas on the city’s artificial palm-shaped islands, has benefited from an...
Affordable homes in India dwindle to seven-year low: report
The trend is likely to get more entrenched as a slew of Indian developers ditch affordable homes in favour of premium housing...
WeWork signs new lease in lower Manhattan, expanding New York City bet
The new location, which spans five floors, is expected to open in December
LVMH to sell Santa Barbara’s El Encanto hotel for US$82.2 million
The 90-room property is being purchased by a partnership of brothers Justin and Tyler Mateen and Culver Capital, according to representatives for...
Saudi Arabia’s PIF invests in New York City property near Central Park
The property is located on the east side of Manhattan
No lease renewal for six golf courses, including at Tanah Merah Country Club, Singapore Island Country Club
Four sites will be released for other uses, and two will be combined for a public golf course
UK house prices stagnate as tax rise takes toll
Values rose 2.5% from a year earlier, the slowest annual growth since July last year
UK builders find support in Labour’s plan to upgrade roads and railways
This comes after Chancellor of the Exchequer Rachel Reeves announces £113 billion of funding for public infrastructure
Low mortgage rates help; but be cautious in pursuing condo dreams as economic outlook weakens
Don’t raid the CPF account for a private home
China’s abandoned buildings draw urban explorers despite risks
Long popular in the West, urban exploration, or “urbex” for short, sees city-dwelling thrill-seekers explore dilapidated, closed-off buildings and areas
First Sembawang North BTO flats to be launched in July
The project comprises 775 new flats with a wait time of three years