What happened, and who moved.
Therme Group, which develops and operates wellbeing resorts, has announced a strategic alliance with Marriott International to explore "next-generation" wellbeing initiatives in hotel operations and travel experiences, they said in an Aug 13 press release. Under the tie-up, Therme will collaborate with Marriott…
Before Luxus Hills Phase 10 opened for preview at the end of July, Bukit Sembawang Estates’ head of marketing & sales, Cheryl Huan, would often see a woman walking up and down outside the showsuites. Huan found out that the woman, an existing resident and owner of one of the houses in an earlier phase of Luxus…
CapitaLand Investment (CLI) is organising its portfolio into distinct core and non-core segments, and plans to unlock billions in embedded value in the latter for recycling and reinvestment. The global real asset manager has identified a portfolio of legacy funds, balance sheet investments and non-strategic…
Stay updated with Singapore's private property sale transactions contracts dated July 28 to Aug 4. Category: News Author: EdgeProp Singapore Country: Singapore Feature on The Malaysian Insider Widget: Social media Caption: Stay updated with Singapore's private property sale transactions. Stick on Home Carousel:…
Grange Residences, located in prime District 10, topped the list of apartments and condos that scored fresh psf-price highs from July 28 to Aug 4. A 2,852 sq ft, four-bedroom unit fetched $10.8 million on July 31, setting a record of $3,786 psf at the freehold condo. The latest deal surpasses Grange Residences’…
The biggest condo resale gain during the week of July 28 to Aug 4 came from a five-bedroom apartment at Leedon Residence, a freehold condo in Bukit Timah. The 4,704 sq ft unit on the ninth floor changed hands on July 30 for $14.3 million, or $3,040 psf. It was previously purchased for $10.55 million, or $2,243 psf,…
The Continuum recorded the highest sales volume among District 15 condos over the past 12 months. A total of 202 units were transacted, more than twice the number at the next best-selling project. This was despite its average price of $2,760 psf being higher than several peers in the district, a premium that may…
A two-bedder at 35 Gilstead, a freehold boutique development in prime District 11, will be put up for auction by Knight Frank on Aug 20. The 678 sq ft apartment has a guide price of $1.75 million, which translates to $2,581 psf. Offered via an owner’s sale, this is the first time the property will go under the…
Contributions from new operational beds in Singapore, the Harum Megah workers' dormitory portfolio in Malaysia, and the EPIISOD Macquarie Park student housing in Sydney helped push revenue up by 31% y-o-y for Centurion Corp. Revenue stood at about $184.9 million for the first half of this year, up from $140.7…
URA on Aug 13 released two residential sites for sale under the 2H2026 government land sales (GLS) programme. One is located on Marina Gardens Lane, potentially yielding about 390 homes, while the other is along Orchard Boulevard, which may produce some 110 residential units. Marina Gardens Lane mixed-use site The…
One year after McDonald’s began selling its self-owned Hong Kong shops, the fast-food giant has found buyers for nearly half its portfolio even as the city’s retail property market endures its weakest spell in decades. McDonald’s planned to dispose of all 23 shops in phases, market sources said, with the portfolio…
Real estate agency PropNex’s net attributable profit slipped by 3.1% y-o-y to about $40.9 million for the first half of this year, while revenue inched up 0.7% to $603 million. The slight increase in revenue was driven largely by a 6.9% uptick in commission income from agency services to $360.5 million for the half…
City Developments Ltd (CDL) saw group revenue climbing 61.1% y-o-y to $2.72 billion for the first half of this year, with property development continuing to be the largest contributor though all its business segments recorded higher revenue. Overall, net attributable profit after tax and minority interest (Patmi)…
The 1,268-unit Thomson Reserve residential development — a joint venture (JV) between UOL Group and CapitaLand Development — will be launched for sale in the fourth quarter of 2026. Following which, the debuts of the Dorset Gardens condo and the Hougang Central landmark mixed-use development are both slated for…
Six commercial units at Balestier Point, a freehold mixed-use development in District 12, are available for sale via tender with prices starting from $1,715 psf. They are sized from about 592 sq ft to 4,898 sq ft each, and can be purchased individually, said exclusive marketing agent SRI in an Aug 12 news release.…
Frasers Property’s unrecognised revenue from residential developments stood at $1 billion as of June 30, down from $1.4 billion as of Sep 30, 2025. In Singapore, the group has about $400 million in unrecognised revenue across 948 contracts on hand, while Australia accounts for $500 million across 1,415 contracts.…
For the first half of the year, CapitaLand Integrated Commercial Trust (CICT) saw gross revenue rising 7.5% y-o-y to $846.8 million while net property income increased by 8.7% to $630.5 million. This was driven by income contributions from CapitaSpring’s commercial component in Singapore and the Gallileo commercial…
Mitsubishi Estate Asia (MEA) has sold its stake in a portfolio of Australian senior living communities to a pension fund managed by New York-headquartered Mercer Investments. The deal is valued at over A$400 million (about $361 million). MEA had put up its 49.9% stake in Stockland Residential Rental Partnership…
The owners of City Plaza have launched the freehold mixed-use development for collective sale at a guide price of $970 million, marking their third attempt at an en bloc sale — but the first to secure the required 80% mandate to proceed to tender. The public tender, handled by Huttons Asia, will be launched on Aug…
A pair of adjoining conservation shophouses located at 42 and 43 North Canal Road in the Boat Quay precinct have been launched for sale through an expression of interest (EOI) exercise. The shophouses — both 99-year leasehold commercial properties — have a combined guide price of $8.5 million. The shophouse at 42…
A rare 999-year commercial conservation shophouse in the heart of Singapore’s CBD is now available for $23.8 million, offering investors a blend of immediate tenancy income, heritage appeal, and long-term value. The property is marketed by exclusive agent Magdalene Lee, associate director of Mutual Benefits Realty.…
Co-living operator The Assembly Place (TAP) saw improved profitability for the first half of this year amid revenue growth as it continued to expand its core segment of community-driven stays. It also comes as TAP eyes a “robust” upcoming slate of new projects, with more than 2,100 additional keys in its…
Singaporeans Thusitha de Silva and his wife, Sharon Kuok, are marking their 10th year living in Johor Bahru, Malaysia. “Over the years, our friends have often talked about coming here to retire,” says de Silva. “But it’s mostly just talk.” The couple first experimented with living in Johor Bahru in 2005, when they…
Stay updated with Singapore's private property sale transactions contracts dated July 21 to 28. Category: News Author: EdgeProp Singapore Country: Singapore Feature on The Malaysian Insider Widget: Social media Caption: Stay updated with Singapore's private property sale transactions. Stick on Home Carousel: Enable…
Singapore-grown co-working operator JustCo reported a 24% rise in revenue to US$80.8 million (S$103.63 million) for 1H2026, as it expanded its regional network and prepared to grow from 57 to 78 centres. JustCo had 57 centres and 37,350 workstations at end-June 2026, up from 50 centres and 35,067 workstations a…
The Assembly Place Holdings (TAP) has taken a 10% stake in a joint venture (JV) that has acquired the freehold residential property at 50 Jalan Harom Setangkai. It is located within Chip Hock Gardens, a landed housing enclave off Farrer Road, at Gallop Park in prime District 10. It’s also a short distance from the…
CapitaLand Ascott Trust (CLAS) is acquiring Coliwoo Midtown, a newly refurbished co-living property at 141 Middle Road, for $134 million. The transaction is expected to be completed in 4Q2026, CLAS announced on August 6. Following the acquisition, CLAS will enter into a 10-year triple-net master lease with Coliwoo,…
Hilton has opened Canopy Bangkok Sukhumvit, a 174-room boutique hotel in Bangkok’s Asoke neighbourhood. The property marks the first Canopy Hotels property in Southeast Asia, said the global hospitality group in an Aug 4 release. The hotel’s rooms offer a variety of configurations, including nine pairs of…
The owners of Lakeside Towers are hopeful that they will be third time lucky in their latest collective sale attempt. The 144-unit development has secured the consent of over 80% of the owners to launch the collective sale at the reserve price of $350 million. The 153,237 sq ft site is zoned "residential" with a…
IHG Hotels & Resorts is adding new luxury accommodation in Vietnam and Indonesia, with the launch of an ultra-exclusive, six-bedroom beachfront villa at InterContinental Halong Bay Resort and the upcoming opening of Kimpton Suntaya Bali Ubud later this year. The villa, known as the Halong Bay Estate, is the latest…
The Ministry of Law has proposed lowering the consent thresholds for older developments to secure a collective sale. The Land Titles (Strata) (Amendment) Bill, tabled in Parliament on Aug 4, proposes lowering the consent threshold from 80% to 70% for developments aged between 40 and 59 years, and to 65% for those…
The tender for a Government Land Sale (GLS) site at Berlayar Drive closed on Aug 4, drawing just one bid from a Hong Leong Holdings-GuocoLand joint venture. The partners submitted an offer of $576.78 million, which translates to $1,515 psf per plot ratio (psf ppr). Bid received for Berlayar Drive site Ranking…
While Singapore continues to ramp up its public and private housing supply, the government is also working with the private sector to explore a wider range of housing typologies. This comes as there is demand for flexible accommodation options, even though homeownership is still encouraged and remains a key tenant…
An executive maisonette at 192 Bishan Street 13 was recently sold for $1.65 million ($946 psf), the highest resale price recorded for an HDB flat in Bishan. The 1,743 sq ft unit is located on the 22nd to 24th storeys and has a remaining lease of approximately 60 years. This sale surpasses the previous high of…
The Singapore property market saw a “period of consolidation” in the first half of the year, with lower transaction volumes across the new private home, private residential resale and HDB resale segments, according to Apac Realty, the listed parent company of property agency ERA Singapore. In an Aug 3 release…
London-listed real estate advisory firm Savills Plc has completed its acquisition of Eastdil Secured, a global real estate investment bank, for an enterprise value of US$1.1125 billion (about $1.43 billion). The deal was first announced in March. The acquiree will be rebranded to Eastdil Secured Savills with…
Singapore-based investors have become the largest group of non-local buyers of commercial properties in Hong Kong, drawn by the sizeable correction in the prices of distressed assets amid a slump in the city’s office segment, according to Colliers. The demand from Singapore was likely to remain steady in the coming…
Malaysian developer TA Global held an investor preview of CloutHaus, its 615-unit luxury tower, over the weekend of July 25–26. The preview was held at Paradox Singapore (the former Swissotel Merchant Court), which TA Global owns. CloutHaus is jointly marketed by Savills and SRI in Singapore. The reception area of…
Hongkong Land Holdings will acquire Wheelock Place — a mixed-use development along Orchard Road — for $1.1 billion from Wharf Real Estate Investment Company through its Singapore Central Private Real Estate Fund (SPREF). This marks the fund’s inaugural acquisition since it was first launched in February this year…
Global hospitality firm Hilton announced three new lifestyle property signings across Asia Pacific (Apac), comprising a Curio Collection by Hilton hotel in Phuket, as well as two Tapestry Collection by Hilton properties in Chiang Mai and the Maldives. The move is part of its broader strategy of doubling the luxury…
The week’s most profitable condo resale transaction came from The Nassim, a freehold condo in District 10, for the period of July 14 to 21. A 3,122 sq ft, three-bedroom unit on the third floor changed hands for $14 million ($4,485 psf) on July 15. The owner netted a profit of $4.2 million (42.9%), having bought the…
Singapore-based global hospitality company The Ascott has grown its portfolio and accelerated its Vietnam expansion with nine signings in the country during the first half of the year. It inked management agreements for properties totalling more than 3,200 units in 1H2026. That is the company’s fastest pace of…
From now till Aug 24, 2026, interested contractors can submit their proposals under the design and build tender for addition and alteration (A&A) work at one-north’s Kampong AI — Singapore’s first integrated community for AI companies and startups. JTC on July 29 announced it had launched the tender for A&A at…
Daintree Residence, a 99-year leasehold development in Bukit Timah, topped the list of private non-landed residential developments that achieved new psf-price highs during July 14 to 21. It hit a record $2,242 psf when a 1,485 sq ft, four-bedroom unit on the fourth floor was purchased for $3.33 million on July 17.…
A one-bedroom unit at Leedon Green, a freehold development in prime District 10, went under the hammer at SRI’s property auction on July 29. The 603 sq ft unit was offered via a mortgagee sale at a guide price of $1.6 million, or $2,653 psf. The property did not find a buyer at auction and remains available. The…
A hilltop compound that has served as the Norwegian Seamen’s Mission’s Singapore headquarters for almost half a century is up for sale. The mission, which has supported Singapore’s Norwegian maritime community since 1955, is offering the site at 300/300A Pasir Panjang Road — its home since 1977 — at a guide price…
A freehold, Art Deco-style conservation shophouse at 148 Jalan Besar has been offered for sale by an expression of interest (EOI) exercise with a guide price of $8.5 million. The two-storey shophouse sits on a freehold lot of 1,675 sq ft with a built-up area of 2,276 sq ft. The guide price of $8.5 million therefore…
The tender for a cluster of 18 conserved terraced houses in Little India closed on July 28, drawing seven bids. The top bid came from YK Land, which submitted an offer of $35.29 million, or $962 psf per plot ratio (psf ppr), according to a URA release. YK Land is understood to be an entity linked to Soon Hock…
CapitaLand Ascott Trust (CLAS) remains focused on enhancing its portfolio quality through capital recycling and asset enhancements, even as near-term results absorbed the cost of asset upgrades and property closures in the first half of 2026. In a July 28 release on its financial performance for the six months…
For complex en bloc projects that can yield 700 or more homes, property developers will get more time to complete and sell all residential units before the 35% portion of additional buyer’s stamp duty (ABSD) can be remitted to them. The extended remission timelines will apply to large and mega sites purchased on or…
Far East Orchard has secured regulatory approvals for its purpose-built student accommodation (PBSA) development in Manchester, UK, allowing it to commence construction on the 239-bed project. In a July 27 release, the group said it has received Gateway 2 approval under the UK’s Building Safety Act for the…
On its launch weekend, Dunearn House cleared 212 (56%) of 380 units in the premium condo, with an average price of $3,140 psf. About 86% of buyers are Singaporeans, with 13% permanent residents from China, Indonesia, Malaysia, South Korea and other countries, and 1% foreigners from the United States, according to…
HDB resale prices have now slipped for two straight quarters, with the Resale Price Index down 0.3% to 202.8 in 2Q2026, after a 0.1% decline in 1Q2026 -- a sign that the multi-year resale boom may finally be losing steam. Christine Sun, chief researcher & strategist of Realion (OrangeTee & ETC) Group, attributes…
Tiah Joo Kim runs his businesses across two very different worlds. One is in Vancouver, Canada. The city ranks among the world’s top 10 most liveable cities in the Economist Intelligence Unit’s 2026 Global Liveability Index. It is where he lives with his family and runs the Canada-based real estate developer…
Rents and prices of office space in Singapore both rose on a q-o-q basis in the second quarter of this year, according to URA’s latest quarterly real estate statistics released on July 24. That said, vacancy rates inched up by 0.2 percentage point, reversing the drop of 0.3 percentage point in the first quarter.…
Private home prices in Singapore edged up 0.5% q-o-q in 2Q2026, slowing down from the 0.9% growth registered in the previous quarter, data released by URA on July 24 showed. For the first half of the year, prices of private residential properties in 1H2026 were up by a marginal 1.4%, dipping below the 1.8% gain…
Stay updated with Singapore's private property sale transactions contracts dated July 7 to 14. Category: News Author: EdgeProp Singapore Country: Singapore Feature on The Malaysian Insider Widget: Social media Caption: Stay updated with Singapore's private property sale transactions. Stick on Home Carousel: Enable…
Topping the list of profitable condo resale transactions over the week of July 7 to 14 was the sale of a three-bedder at Haig Court, a freehold condo in Marine Parade. The 1,453 sq ft unit on the sixth floor changed hands on July 8 for around $3.15 million, or $2,168 psf. It was previously purchased in October 2004…
Among private non-landed residential developments that set a new psf-price high during the week of July 7 to 14, Cairnhill Astoria topped the list at $2,350 psf. The fresh high at the freehold development occurred with the sale of a 732 sq ft one-bedder on the first floor for $1.72 million on July 10. The deal…
A pair of spacious four-bedroom duplex apartments at The Vantage, a freehold development on Orange Grove Road, will go under the hammer at SRI’s upcoming auction on July 29. Offered via an owner’s sale, this is the first time the properties will be on the block, says Mok Sze Sze, managing partner of SRI Auction.…