New record high of $2,881 psf at Tembusu Grand condo with sub-sale

NEWSJune 4, 2026

Tembusu Grand’s 1,173 sq ft three-bedder sub-sale at $3.38 million set a new record of $2,881 psf, underscoring robust demand for larger units in Katong’s 99-year leasehold segment.
Nava Grove’s latest $2,804 psf transaction for a 786 sq ft two-bedder marks its second deal above $2,800 psf, reflecting sustained upward momentum from its November 2024 launch average of $2,448 psf.
Skywaters Residences saw its first sub-$5,800 psf deal as a 2,896 sq ft unit fetched $5,001 psf, highlighting softening sentiment in the ultra-luxury CBD segment despite integrated amenities and prime positioning.

NEWSJune 4, 2026

Seller rakes in $7.2 mil profit with apartment at Honolulu Tower in District 10

A 5,823 sq ft four-bedder at Honolulu Tower in District 10 sold for $14.2 million, yielding the seller a 102.9% profit after 16½ years.
The $2,438 psf achieved at Honolulu Tower’s latest resale far outstrips the $1,563 psf benchmark set by a similar unit in 2019.
Limited supply at boutique freehold projects like Garden Apartments and Honolulu Tower underpins strong resale gains, with both developments recording their highest-ever profits this cycle.

NEWSJune 4, 2026

Split-level, four-bedroom unit at iconic Pandan Valley condo up for mortgagee sale at $3.6 mil

A 2,562 sq ft split-level, four-bedroom Pandan Valley unit will be auctioned at $3.6 million, targeting space-seeking buyers.
The $1,405 psf guide price exceeds this year’s average resale of $1,325 psf, reflecting premium for unique layouts and freehold tenure.
Nine Pandan Valley units have transacted in 2024, with the latest—a 2,024 sq ft three-bedder—fetching $3.1 million in May.

NEWSJune 4, 2026

Gen Z appetite for experiential travel puts lifestyle hotels in spotlight, attracts investor interest

Gen Z’s preference for immersive, design-led travel is fuelling rapid lifestyle hotel growth in Asia Pacific, with supply expanding at a 19% CAGR from 2015 to 2025.
Despite lifestyle hotels’ smaller room footprints compared to traditional peers, their focus on striking design and communal spaces is attracting younger travellers seeking memorable, shareable experiences.
With Asia Pacific’s lifestyle hotel penetration at just 1%—well below Europe’s 2% and the US’s 4%—investors see significant headroom for expansion as Gen Z’s spending power accelerates.

NEWSJune 4, 2026

CapitaLand Ascendas REIT acquires logistic property at 5 Tuas Avenue 5 for $133.9 mil

CapitaLand Ascendas REIT’s $133.9 million purchase of 5 Tuas Avenue 5, a 539,922 sq ft logistics facility, secures stable income with a five-year weighted average lease expiry and annual 2% rental escalation.
Acquired at a 1.5% discount to independent valuation, the deal reflects disciplined pricing amid Singapore’s robust industrial demand and ongoing logistics infrastructure investment.
Strategically located near Tuas Mega Port and Jurong Port, the seven-storey ramp-up property enhances CLAR’s portfolio diversification, raising logistics assets to 26.2% of its $18.7 billion portfolio.

NEWSJune 4, 2026

Freehold District 9 apartment block Cavenagh Fortuna on the market for $60 mil

Cavenagh Fortuna, a freehold 26-unit block on 29,095 sq ft in District 9, is offered at $60 million, reflecting $2,599 psf net lettable area.
The property’s single-title structure enables flexible strategies, from co-living operations to redevelopment into about 40 units, appealing to diverse investor profiles.
Recent comparable sales include a Waterscape at Cavenagh unit at $1,978 psf and Hijauan at $2,001 psf, underscoring the enclave’s premium positioning.

NEWSJune 4, 2026

Feng shui analysis: Could your condo's layout strengthen leadership and prosperity?

A Singapore condo development with a rare rectangular site and protruding block, resembling an official seal, appeals to business leaders seeking authority and credibility.
The project’s L-shaped pool, reminiscent of a jade belt, visually links wealth and leadership elements, reinforcing prosperity and influence for residents.
Compared to typical urban layouts, this site’s grand preceptor’s chair configuration and treasure basin features offer enhanced stability, resource retention, and intergenerational appeal.

NEWSJune 3, 2026

The Assembly Place, TS Home to repurpose Phoenix Park into Singapore's largest co-living destination

The Assembly Place and TS Home will repurpose the 610,487 sq ft Phoenix Park, featuring 33 conserved colonial buildings, into Singapore’s largest co-living hub.
TS Home secured the master tenancy with a $404,888 monthly bid, outpacing six rivals, reflecting robust competition for prime heritage assets.
With over 700 keys planned, this project will boost TAP’s pipeline toward its 10,000-key 2030 target, reinforcing its market leadership.

NEWSJune 3, 2026

Cushman & Wakefield announces new Apac leadership appointments for capital markets team

Cushman & Wakefield elevated Josh Cullen, with over 20 years’ real estate experience, to lead Asia Pacific capital markets, aiming to deepen institutional investor ties.
The leadership reshuffle sees Gordon Marsden, previously Apac head, now overseeing global capital for both Apac and Emea, reflecting a strategic push for cross-border capital flows.
By promoting Cullen, formerly head for Australia and New Zealand, the firm signals intent to boost regional market share and revenue through enhanced connectivity and investor engagement.

NEWSJune 3, 2026

URA to offer nine sites under Confirmed List of 2H2026 GLS Programme

URA’s 2H2026 Confirmed List features nine sites, including a 2.82ha Berlayar Close plot for 695 units, reflecting strategic supply expansion.
The 4,745-unit supply is 3.7% above 1H2026’s 4,575 units, and 50% higher than the past decade’s annual average.
With the Orchard Boulevard site’s 110-unit yield and premium location, analysts expect up to eight bidders and a top bid near $1,700 psf ppr.

NEWSJune 3, 2026

Freehold residential property on Upper East Coast Road for sale at $14.1 mil

A freehold site spanning 8,830 sq ft at Upper East Coast Road is up for collective sale at $14.128 million, offering redevelopment potential for up to 11 apartments.
The $1,600 psf guide price reflects the site’s proximity to Siglap MRT and established amenities, with no land betterment charge due to its high development baseline.
Compared to recent leasehold launches in the vicinity, this freehold corner plot’s redevelopment flexibility and location near top schools could attract robust developer interest.

NEWSJune 3, 2026

Hilton to introduce LXR Hotels & Resorts brand in Tokyo and Hakone

Hilton will rebrand the 60-key Hotel Gajoen in Tokyo’s Meguro district, adding 5,700 sq m of event space and five dining venues.
The upcoming Hakone Gora property, featuring 94 rooms and outdoor onsen, marks Hilton’s strategic push into Japan’s luxury hot spring market.
With these Tokyo and Hakone launches, LXR Hotels & Resorts accelerates its Japan expansion, building on Roku Kyoto’s 2021 debut.

NEWSJune 2, 2026

At Temasek Shophouse, century-old buildings save energy, bees find shelter, and pavements cool

Temasek Shophouse’s 3,000 sq m outdoor transformation along Orchard Road pilots Climate Stone paving and hybrid cooling, demonstrating how century-old buildings can achieve up to 47% energy savings while supporting biodiversity.
The project’s adaptive reuse approach, including custom solar panel mounts and repurposed heritage materials, sets a new benchmark for integrating sustainability into conserved shophouses without compromising architectural character.
Compared to Singapore’s Super Low Energy standard of 40% savings, Temasek Shophouse’s anticipated 47% energy reduction highlights the potential for heritage properties to outperform new builds in environmental performance.

NEWSJune 2, 2026

Millennium reopens New York boutique hotel after revamp

Millennium Hotels and Resorts has relaunched its 124-room boutique property in Midtown Manhattan after a comprehensive renovation targeting business and leisure guests.
The refreshed Millennium Premier Hotel New York Times Square, steps from Broadway and Fifth Avenue, now features workspace-friendly rooms and a redesigned welcome lounge replacing the traditional check-in desk.
This reopening underscores MHR’s strategic commitment to US gateway cities, with the club lounge addition set for October 2026 enhancing guest amenities and competitive positioning.

NEWSJune 2, 2026

Dash Living buys 98-room hotel on Morrison Hill Road in Hong Kong for HK$400 mil

Dash Living acquired a 98-room, 26-storey hotel in Wan Chai for HK$400 million, securing the asset at roughly 60% below its pre-Covid HK$1.2 billion asking price, highlighting significant post-pandemic price corrections in Hong Kong’s hospitality sector.
The property’s prime location, just three minutes from Times Square in Causeway Bay, positions the upcoming Dash Living on Morrison to capture both business and leisure demand in one of Hong Kong’s most vibrant districts.
With this acquisition, Dash Living expands its Hong Kong portfolio to over US$500 million in assets under management, reinforcing its strategic push into hybrid hospitality and serviced apartments amid growing demand for flexible living solutions.

NEWSJune 2, 2026

Accor partners with Dubai's Select Group to open fourth Fairmont hotel in the UK

Accor and Select Group’s GBP90 million revamp delivers Fairmont Cheshire, a 116-key luxury hotel with 23 suites on 157 acres.
The new Fairmont Cheshire, acquired for GBP35 million in 2022, joins three UK Fairmonts, strengthening the brand’s regional presence.
With a 1,000 sq m ballroom for up to 1,000 guests, Fairmont Cheshire targets North West England’s premium events and hospitality market.

NEWSJune 2, 2026

Arcc Spaces appoints The Afternaut Group to design Bank of Singapore Centre location

Arcc Spaces tapped The Afternaut Group to design its 25,782 sq ft Bank of Singapore Centre workspace, accommodating over 300 members.
The new Market Street location, opening in July, will be Arcc Spaces’ most design-forward project, emphasising biophilic immersion and hospitality-calibrated experiences.
Compared to the 19,000 sq ft One Marina Boulevard site, this centre’s larger footprint signals Arcc’s confidence in premium flexible workspace demand.

NEWSJune 2, 2026

Scottish castle on coastal estate hits the market for over GBP9 mil

Glengorm Estate, a 3,702-acre property on Scotland’s Isle of Mull, is listed by Savills for over GBP9 million, offering three miles of Atlantic coastline and a working livestock farm.
The 18-bedroom Glengorm Castle, built in 1860 with Scottish Baronial architecture and upgraded with biomass heating, anchors the estate’s blend of heritage and modern amenities.
Compared to typical Scottish rural assets, Glengorm’s diversified income from holiday lets, long-term rentals, and a coffee shop enhances its investment appeal beyond traditional agricultural holdings.

NEWSJune 2, 2026

China's US$2.2 tril urban renewal plan to boost construction, property sectors

China’s US$2.2 trillion urban renewal plan, targeting 500,000 dilapidated homes and 200,000km of gas pipelines, promises massive construction sector stimulus.
Benchmarking against the previous five-year plan, this RMB20 trillion investment dwarfs earlier efforts, signalling Beijing’s intent to reignite property and infrastructure growth.
Property developers like Country Garden and China Vanke saw share prices surge up to 16.3% after the State Council’s guideline announcement, reflecting revived market optimism.

NEWSJune 2, 2026

Food Republic joins wave of foreign brands retreating in China

Food Republic will shutter its 25-year-old, large-format Beijing outlet in The Malls at Oriental Plaza on June 15, reflecting the brand’s shrinking mainland China footprint from over 40 outlets in 2016 to just four in Shanghai.
The closure underscores how foreign food-court operators are losing ground to domestic brands, which now command 76% of China’s consumer-goods market, up from 66% in 2012.
Intensifying competition from China’s RMB2.29 trillion online food-delivery sector and evolving mall strategies have eroded demand for traditional third-party food court tenants like Food Republic.

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