NEWSJune 24, 2026
Lukewarm demand for some BTO flats at Ang Mo Kio, Sembawang in June 2026 sales exercise
- Bukit Merah’s 1,976-unit Berlayar Rise Prime project drew 8,824 applications, accounting for nearly 40% of total June 2026 BTO demand, underscoring strong locational pull near Telok Blangah MRT.
- Application rates for Ang Mo Kio’s Plus projects, such as Kebun Baru Breeze, fell sharply to just over one for four-room flats, a stark drop from 8.6 in 2020, reflecting waning appeal despite proximity to Mayflower MRT.
- Sembawang’s steady BTO supply—3,985 flats launched this year with 1,310 more coming—has tempered demand, as first-timer family application rates for three-room and larger flats at Sembawang Portico and Brook remained below one.
NEWSJune 24, 2026
JLL appoints Matt Bennion as Apac head of project and development services
- JLL has named Matt Bennion as Asia Pacific head of project and development services, leveraging his 30 years’ sector experience.
- Bennion, previously CEO of Thrive-AI and Arcadis Asia, will drive JLL’s integrated project management and technical advisory offerings from Singapore.
- Succeeding Martin Hinge after his retirement, Bennion’s appointment signals JLL’s intent to strengthen leadership amid rising demand for sustainable real estate solutions.
NEWSJune 24, 2026
Three-room flat at Dawson Road sets new Queenstown record at $920,000
- A 63 sq m three-room flat at 96 Dawson Road fetched $920,000, setting a new Queenstown record for its size.
- The $1,357 psf achieved at 96 Dawson Road nearly matches the $1,364 psf benchmark set by Boon Tiong Road.
- Surpassing a $900,000 sale at 95 Dawson Road, this transaction underscores sustained demand for premium Queenstown HDB units.
NEWSJune 24, 2026
Spark by Hilton makes Apac debut with two India hotels
- Hilton’s Spark brand entered Asia Pacific with 82-key Bengaluru and 64-key Goa hotels, targeting India’s value-conscious travellers.
- The licensing deal with Olive Hospitality aims for 150 Spark by Hilton properties across India, reflecting aggressive supply expansion in both business and leisure hubs.
- Spark by Hilton’s India rollout leverages localised amenities like DIY dosa stations, differentiating it from over 240 global Spark hotels in the US, UK, and Canada.
NEWSJune 24, 2026
M&G bets on senior living as AI drives new divides in property markets
- M&G Real Estate’s 49.9% stake in Melbourne’s Halcyon Evergreen and Jardin will deliver 573 purpose-built senior homes with resort-style amenities from 2028, reflecting rising demand for independent living.
- Australia’s land lease model, which lowers upfront costs and offers recurring income, is gaining traction as seniors seek aspirational, community-focused retirement options, outpacing traditional care homes.
- Compared to Japan and South Korea, where senior living remains fragmented or elite-priced, Australia’s market offers clearer regulatory frameworks and stronger social acceptance, supporting M&G’s strategic expansion.
NEWSJune 23, 2026
Property market turns pessimistic amid Middle East crisis: NUS
- Singapore’s real estate sentiment, as measured by NUS’s Composite Index, fell to 4.9 in 1Q2026 amid Middle East-driven macroeconomic uncertainty.
- Suburban residential outperformed other segments, with both current and future net balances at +15%, reflecting measured confidence despite broader market pessimism.
- Compared to the previous quarter, prime residential’s current net balance plunged from 41% to just 5%, highlighting its vulnerability to global capital shifts.
NEWSJune 23, 2026
Why being a 'late mover' in Lentor could work in buyers' favour
- Lentor Gardens Residences, with about 500 units, enters a matured Lentor precinct where nearly 99% of earlier stock is absorbed.
- Kingsford Group secured Lentor Gardens at $920 psf ppr, the lowest land rate among Lentor GLS sites, offering pricing flexibility.
- Profitable subsales at Lentor Modern averaged $313,600, with three-bedroom units (1,130 sq ft) seeing annualised returns of 4.9%.
NEWSJune 23, 2026
Freehold shophouse on South Bridge Road for sale at $33.4 mil
- A five-storey, 6,430 sq ft freehold shophouse at 42 South Bridge Road is for sale at $33.4 million.
- With a guide price of $5,200 psf, the shophouse’s valuation reflects strong demand for prime CBD commercial assets.
- URA’s regulatory shift enabling new hospitality uses in Upper Circular Road could boost rental growth and capital values nearby.
NEWSJune 23, 2026
Hotel, office conversions increasingly driving Apac living sector supply
- Hong Kong’s hotel conversions, with per-key prices discounted 30–60% from original cost, are reshaping living sector supply.
- Brisbane’s 41 George Street, a 1,180-bed student dorm converted from a B-grade office, highlights asset repurposing scale.
- Seoul’s officetel conversions into co-living assets attract institutional backing, reflecting investor appetite for value-add and cost-efficient alternatives.
NEWSJune 22, 2026
Industrial building at Hoy Fatt Road in Alexandra area for sale at $35 mil
- Bryton House, a six-storey industrial asset at 12 Hoy Fatt Road, is offered at $35 million, reflecting $620 psf.
- With 56,445 sq ft of gross floor area and full occupancy, the property’s flexible spaces support diverse tenants and future yield enhancement.
- The guide price notably exceeds its 2013 sale at $27 million, underscoring Alexandra’s rising industrial values amid robust self-storage demand.
NEWSJune 22, 2026
Pharmaceutical manufacturing facility in Tuas for sale at $90 mil
- A pharmaceutical manufacturing facility spanning 397,387 sq ft GFA in Tuas Biomedical Park is offered for sale at $90 million, presenting a rare large-scale plug-and-play opportunity with 32 years remaining on its lease.
- With approximately 535,000 sq ft of untapped GFA, the Tuas South Avenue 6 site offers significant expansion potential, appealing to investors seeking scalable industrial assets in Singapore’s biomedical hub.
- The $90 million indicative price comes as Singapore’s biomedical manufacturing fixed asset investments nearly doubled year-on-year to $4.4 billion, underscoring robust sectoral demand and government-backed growth momentum.
NEWSJune 22, 2026
HarbourFront Centre to cease operations on July 27 for redevelopment
- Mapletree Investments will redevelop HarbourFront Centre into a 33-storey, 123,000 sq m mixed-use tower, integrating Grade A offices and retail.
- The new project’s five-storey retail podium and 13,000 sq m elevated park will enhance public waterfront access and amenities in Singapore’s HarbourFront precinct.
- With the Singapore Cruise Centre relocating just 70m away and ferry operations unaffected, the redevelopment signals minimal disruption to transport connectivity during the transformation.
NEWSJune 20, 2026
From Fujifilm Building to Orchid Hotel, investors stay active across industrial and commercial assets
- The former Fujifilm Building, spanning 75,261 sq ft, sold for $71 million, reflecting robust demand for sizeable freehold industrial assets.
- Orchid Hotel’s $273 million sale, at over $1 million per key, signals strong investor appetite for hospitality assets despite a cautious economic climate.
- Suntec Tower 3’s strata office unit traded at $3,398 psf, notably below January’s $3,897 psf benchmark, highlighting softening premium office values.
NEWSJune 20, 2026
Wing Tai Properties sells historic London office, retail block for GBP31 mil to tycoon
- Wing Tai Properties divested its 14,000 sq ft Grade A office and retail asset at 1 Savile Row, London, to NPLH SVR, capitalising on the property's historic prestige and prime Mayfair location.
- The GBP31 million sale price exceeded the independent December 2025 valuation of GBP26.3 million, highlighting robust investor appetite for trophy assets in central London.
- With estimated rental income dropping from GBP800,000 in 2024 to GBP600,000 in 2025, Wing Tai’s exit reflects a strategic move to optimise returns amid shifting income prospects.
NEWSJune 20, 2026
Claimants withdraw $731k lawsuit against ERA, co-defendants relating to property deal
- ERA Realty and co-defendants saw a $731,212 lawsuit withdrawn, averting potential financial impact for Apac Realty in 2026.
- The discontinued suit stemmed from alleged negligent misrepresentation by an ERA salesperson during a property transaction, highlighting ongoing agent liability concerns.
- This marks the second recent withdrawal, following a $180,945 claim over a 99-to-1 condo deal, suggesting claimants’ retreat from litigation.
NEWSJune 19, 2026
Hyatt brings The Unbound Collection to Thailand with Hua Hin resort
- Hyatt debuts The Unbound Collection in Thailand with The Barai Hua Hin, a 98-key beachfront resort featuring 27 suites and two penthouses.
- The Barai Hua Hin’s wellness focus is underscored by a two-storey Wellness Hub, daily massage treatments for select suites, and holistic therapy programmes.
- By transforming a two-decade-old spa into a boutique resort, Hyatt leverages Hua Hin’s historic Khao Takiap coastline to target luxury wellness demand.
NEWSJune 19, 2026
Well-being development Therme to open at Marina South in 2030, with saunas, water slides, hydromassage
- Therme Group’s inaugural Asian project will span over 720,000 sq ft across seven levels at Marina South, offering extensive wellness and leisure amenities.
- With more than 20 pools, 70 treatment rooms, and 200,000 plants, Therme Singapore aims to redefine urban well-being destinations in a prime waterfront location.
- Opening in 2030, Therme Singapore’s scale and integrated coastal park connection set a new benchmark for wellness attractions compared to existing regional offerings.
NEWSJune 19, 2026
Jennifer Tan: Where smart money moves — unlocking high-yield real estate in Singapore
- Jennifer Tan orchestrated the discreet sale of an entire floor at VisionCrest Orchard, leveraging its expansive, column-free layout and panoramic Istana Park views to attract institutional-grade buyers.
- Recent VisionCrest Orchard transactions under Tan’s guidance ranged from $57 million to $60.28 million, underscoring her ability to secure deals at the upper end of Singapore’s prime commercial market benchmarks.
- In the exclusive Holland Good Class Bungalow segment, Tan’s off-market approach matched a buyer and seller through her elite network, exemplifying the value of trusted relationships in high-value, low-volume deals.
NEWSJune 19, 2026
What's moving the market: Singapore's biggest property deals and hottest searches (June 19)
- Nassim Park Residences led non-landed private home deals with a large unit transacted, highlighting sustained demand for prime, spacious assets.
- HDB resale flats in Toa Payoh and Cantonment achieved top prices, underscoring buyers’ willingness to pay premiums for central, mature estates.
- Treasure At Tampines dominated both rental and resale transaction volumes, reflecting robust mass-market appeal and liquidity compared to other mega-developments.
NEWSJune 19, 2026
8M Real Estate enters next decade with placemaking at the heart of its strategy
- 8M Real Estate’s $1.5 billion portfolio, including 60 CBD conservation shophouses, pivots toward placemaking under CEO Jocelyn Hao, reflecting a strategic shift from rapid acquisition to community-focused asset enhancement.
- The newly restored 111 Jalan Besar, comprising 20 serviced apartments sized 377 to 646 sq ft, exemplifies 8M’s adaptive reuse approach and collaboration with co-living operator Cove.
- Sceneca Square’s acquisition at $3,109 psf, with 70% pre-leased and direct MRT access, signals 8M’s suburban expansion and focus on long-term tenant partnerships.
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