Singaporean real estate firm Hiap Hoe announced that the attempted collective sale of Orchard Towers has failed, a year after owners of units in the notorious entertainment and office complex put the property on the market with a reserve price… Read More>>
Singapore’s Hiranandani Buying Orchard Road Commercial Building in Record $127M Deal
Singapore’s Royal Group has agreed to buy a commercial building near the city’s Orchard Road shopping strip for S$172 million ($126.7 million), setting a city-wide record high price per square foot of buildable area as it plans to redevelop the… Read More>>
Widjaja Family Sells Singapore Properties to Mainland Investor for Record Price
A Chinese investor has acquired three strata units in an office building along Singapore’s Scotts Road from a company controlled by Indonesia’s Widjaja family for S$10.1 million ($7.33 million), setting the highest price per unit of area ever recorded for… Read More>>
Watch Retailer Buys Office Floor Along Singapore’s Orchard Road for $34M
A Singapore watch retailer has decided it’s time to own office space, and has sprung for an entire floor of an office building near Singapore’s Orchard Road shopping belt for S$49 million ($34.42 million).
Cortina Holdings, a Singapore-based distributor of… Read More>>
Evergrande Wind-Up Hearing Delayed One Week and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China Evergrande continues its fight against a winding-up petition filed in a Hong Kong court, a tech park developer backed by Tsinghua University falls foul of its bondholders, and Singapore adds two 99-year… Read More>>
Boustead Projects JV Picks Up Sin Capital’s Orchard Road Tower for $371M
A joint venture led by developer Boustead Projects has agreed to acquire a mixed-use building near Singapore’s swanky Orchard Road for S$515 million ($371 million), taking advantage of a distressed-asset sale to pick up a prime property at a discount.
Lendlease Beats CapitaLand for $2.2B Redevelopment of Singtel HQ in Singapore
Lendlease bested rival CapitaLand for a S$3 billion ($2.2 billion) redevelopment project in Singapore as the Lion City’s largest telecom provider announced Wednesday that it would team up with the Australian builder to rebuild its Orchard area headquarters.
The two… Read More>>
Historic Singapore Estate Overlooking Lee Kuan Yew Residence for Sale at $220M
A Singapore mansion located just five minutes walk from the former residence of late Prime Minister Lee Kuan Yew has been put up for sale in a rare chance to grab a freehold residential site in the city’s posh Orchard… Read More>>
CapitaLand, Lendlease Shortlisted for $1.5B Redevelopment of Singtel HQ
CapitaLand and Lendlease are competing for pole position for a S$2 billion ($1.5 billion) redevelopment project as Singapore’s largest telecom provider prepares to build a new commercial complex on the site of its headquarters near the city’s Orchard Road shopping… Read More>>
Shun Tak Ventures Into Singapore Residential With $444M Dual Site Buy
Casino tycoon Stanley Ho’s Shun Tak Holdings has paid S$593.5 million ($444 million) for a pair of luxury residential plots near Singapore’s Orchard Road shopping district, marking the company’s first foray into the residential market in the Southeast Asian city-state.