The most profitable resale transaction during the week of Feb 25 to March 4 was the sale of a penthouse at The Trizon, a 289-unit condo located on Ridgewood Close. The 5,737 sq ft unit on the 23rd floor fetched a sale price of $9.76 million, or $1,701 per square foot, on Feb 27. This was a significant gain for the seller who had bought the unit for $6.55 million, or $1,142 per square foot, in March 2016. The sale earned the seller a profit of $3.2 million, or 49%, which translates to an annualised gain of 4.5% over nine …

at record price of $7,980 psfBy News Desk – March 8, 2022

The Esta, a freehold development, topped the list of private condos with the highest psf-price achieved from Feb 21 to 28, with a 1,001 sq ft two-bedroom unit selling at $2,377 psf for $2.38 million on Feb 26. This surpassed the project’s previous record of $2,317 psf when a 1,346 sq ft three-bedroom unit sold for around $3.2 million in January last year.

The unit’s sellers had purchased it for about $1.83 million, or $1,833 psf, in March 2021, making a profit of about $545,000. Over the past …

The recent Emerging Trends in Real Estate Global Outlook by PwC and the Urban Land Institute (ULI) revealed some of the top concerns among property investors in the Asia Pacific (Apac) region. This report, published on March 12, highlighted low yields and sluggish transaction volumes as major worries for investors.

Compiled from global asset managers such as Blackstone, Savills Investment Management, and CBRE Investment Management, the report showed that over 70% of survey respondents cited low yields, persistent high interest rates, and geopolitical tensions as their top three concerns.

Further analysis of the survey shows that industry leaders continue to …

A unique opportunity has arisen for investors looking to acquire a 999-year leasehold conservation shophouse in the bustling area of Liang Seah Street. This three-storey intermediate property, located at 20 Liang Seah Street, is being marketed exclusively by SRI Capital Market and is expected to fetch a price of $15 million.

Situated on a 1,129 sq ft plot, the shophouse is classified as “residential and commercial” and has a gross plot ratio of 4.2 under the latest Master Plan. The building has a total built-up area of 2,635 sq ft, with a guide price of $2,635 psf.

The ground floor …

The long-standing feud between board members of City Developments appears to have reached a resolution, with executive chairman Kwek Leng Beng deciding to withdraw the legal actions initiated against a group of directors led by his son, group CEO Sherman Kwek.

Apart from Kwek Leng Beng and Sherman, two of the newly appointed independent directors, Jennifer Duong Young and Su Yen Wong, will continue to serve on the board. In a joint statement, the entire board has agreed to put aside their differences for the benefit of CDL and its stakeholders.

“We are all committed to working together to strengthen …

The interior design practice, Steve Leung Design Group (SLD), founded by renowned architect and designer, Steve Leung, is making a bold move to enter the European market through a partnership with Italian designer, Andrea Bonini.

In their pursuit to expand globally, the Hong Kong-based company – listed on the stock exchange – announces the opening of its first branch company in Europe, operating under the brand SLD . Andrea Bonini. With this collaboration, the studio will provide interior design services and products to clients in both Asia and Europe, catering to the discerning tastes of high-end residential and luxury hospitality …

SINGAPORE (THE BUSINESS TIMES) – Capitaland Group has entered into a memorandum of understanding (Mou) with technology giant Microsoft, as part of the group’s efforts to leverage artificial intelligence (AI) and other advanced technologies in its businesses.The agreement will see CapitaLand become a member of Microsoft Singapore’s AI Pinnacle Program. This will give the group access to Microsoft’s platforms, services, and solutions, which will contribute to better customer engagement and improved operational efficiencies across the various businesses under CapitaLand’s umbrella.Through this collaboration, CapitaLand and Microsoft will explore potential areas of collaboration in infrastructure development. The group will look into leveraging …

“CLI has always been at the forefront of embracing digitalisation to enhance our operational and service excellence. We look forward to working with SBF and its members to co-create AI and digitalisation initiatives that will enhance our retail ecosystem,” says Jason Leow, president of CapitaLand Investment.

CapitaLand Group has recently signed a memorandum of understanding (MOU) with Microsoft to utilize artificial intelligence (AI) and advanced technologies in its business ventures. The company will be joining Microsoft Singapore’s AI Pinnacle Program, which will enable it to make use of Microsoft platforms, services and solutions to enhance customer engagement and streamline operational …

ERA Realty Network is currently offering an exciting investment opportunity in three popular retail hubs in Singapore – Peninsula Plaza, Sim Lim Square, and Far East Plaza. The collection, consisting of 14 retail shops, is being marketed through an expression of interest (EOI) exercise. The total price for this portfolio is $26.46 million.

Two of the units are located in the 999-year leasehold mixed-use development, Peninsula Plaza. These adjoining ground-floor shop units have a combined strata area of approximately 990 sq ft and are priced at $8 million, or $8,081 psf. Peninsula Plaza is a well-known 30-storey commercial development that …