NEWSJune 9, 2026
Wee Hur buys Hong Kong office building One Bedford Place to reposition into student accommodation
- Wee Hur’s acquisition of the 184,000 sq ft One Bedford Place in Kowloon enables conversion into 500 student beds, addressing severe supply shortages.
- The HK$750 million purchase price for One Bedford Place reflects strategic positioning, as Hong Kong’s PBSA market faces a projected 120,000-bed shortfall by 2028.
- Wee Hur’s second Hong Kong student housing deal in a week underscores rising demand, with non-local student numbers reaching 92,000 for 2024/2025.
NEWSJune 9, 2026
Freehold shophouse on Jalan Pisang for sale at $9 mil
- A two-storey, 2,000 sq ft freehold shophouse at 6 Jalan Pisang is for sale at $9 million, reflecting Kampong Glam’s enduring appeal for heritage assets.
- With an asking price of $4,500 psf, this offering notably exceeds the $6.88 million achieved by a smaller unit last September, highlighting rising values beyond Haji Lane.
- Only four shophouse transactions have been caveated on Jalan Pisang since 2014, underscoring the rarity and tightly held nature of such assets in this evolving lifestyle enclave.
NEWSJune 9, 2026
EOI extended for North Bridge Road building sale following revised URA guidelines
- The 17,729 sq ft, six-storey building at 402 North Bridge Road saw its EOI deadline extended to July 9 after URA’s guideline revision enabled hotel and serviced apartment use, broadening redevelopment potential.
- With a guide price of $70 million or $3,948 psf based on GFA, the asset’s pricing reflects its prime location beside Raffles Hotel and proximity to major MRT interchanges.
- URA’s policy shift, lifting restrictions on hospitality uses in the Beach Road area, signals renewed investor interest and greater adaptive reuse opportunities for commercial assets in this precinct.
NEWSJune 9, 2026
Landed homes for $880,000: What’s the catch, and why may some buyers consider them?
- Landed homes in Fuyong Estate and Mayfair Park transacted below $900,000 due to short 99-year leases, with units like a 2,792 sq ft semi-detached house selling for $888,000.
- These sub-$1 million landed properties offer yields up to 10.6%—a 3,208 sq ft Mayfair Park house rented for $7,500 monthly—attracting buyers seeking rental income despite lease decay.
- Compared to the $1,931 psf national average, Fuyong Estate’s $285 psf reflects steep discounts, but buyers face financing limits, higher upkeep, and uncertain resale prospects.
NEWSJune 9, 2026
Keppel enters South Korea data centre market with planned 60MW facility
- Keppel’s KDCF III will develop a 60MW, AI-ready data centre on a newly acquired Ansan site spanning the Seoul Metropolitan Area, leveraging Tier III-equivalent specifications to attract hyperscalers and corporates.
- With Seoul’s data centre vacancy at just 1.4% and all new supply through 2027 pre-leased, Keppel’s entry secures rare capacity amid severe market constraints.
- Compared to Keppel’s existing 39 data centres totalling over 800MW, this marks its first South Korean facility and a strategic expansion into a high-growth, supply-constrained market.
NEWSJune 9, 2026
SJ Group appoints former BCA chief Kelvin Wong as chief commercial officer, Asia region head
- Kelvin Wong, former BCA chief, joins SJ Group as chief commercial officer and Asia region head, overseeing over half the global workforce.
- Wong’s appointment is strategic, as Asia contributed more than 60% of SJ Group’s global revenue in 2025, underscoring regional importance.
- With 24 years at Singapore’s EDB and six years leading BCA, Wong brings deep public sector expertise to SJ’s commercial strategy.
NEWSJune 9, 2026
Tishman Speyer secures US$300 mil from APG and Bouwinvest for Korean rental housing fund
- Tishman Speyer secured US$300 million from APG and Bouwinvest for its Korea Living Venture, targeting multifamily assets near Seoul’s key transport hubs.
- The fund’s first close highlights surging institutional appetite for Korea’s rental housing, a sector marked by robust demand and limited institutional supply.
- With a US$400 million equity target translating to over US$800 million investment capacity, KLV aims to capitalise on Seoul’s under-institutionalised rental market.
NEWSJune 8, 2026
Beachfront plot on Dubai's Naïa Island sold to European buyer for record AED560 mil
- A European buyer acquired an 80,000 sq ft beachfront plot on Dubai’s Naïa Island for AED560 million, underscoring surging demand for ultra-prime land parcels.
- The deal eclipses April’s AED377 million sale for a smaller 53,000 sq ft plot on the same island, highlighting rapid price escalation in Dubai’s luxury waterfront segment.
- Naïa Island’s plots dwarf those at Jumeirah Bay Island, where the largest measure just 37,000 sq ft, reinforcing the enclave’s appeal to global ultra-high-net-worth individuals seeking exclusivity and scale.
NEWSJune 8, 2026
Inside Ayana Bali, where luxury hospitality meets culture, wellness and conservation
- Ayana Bali’s 90ha clifftop estate integrates over 900 rooms, a museum, and wellness facilities, exemplifying large-scale luxury hospitality in Jimbaran.
- The Saka Museum, opened in 2024 and now a Prix Versailles World Title winner, elevates Ayana Bali’s cultural and global profile.
- Achieving EarthCheck Gold Certification, Ayana Bali recycles 90% of wastewater and eliminated 32 tonnes of single-use plastic in 2024, underscoring its sustainability leadership.
NEWSJune 8, 2026
Industrial building with cold rooms at Pandan Loop for sale at $45 mil
- A five-storey, 175,308 sq ft industrial building with 25 cold rooms at Pandan Loop is for sale at $45 million, offering rare large-scale cold chain capacity.
- With 16 loading bays—14 supporting 40-foot containers—and five cargo lifts, the property’s high specifications target logistics and F&B occupiers seeking turnkey solutions.
- Built in 2015 and touted as one of the area’s most advanced assets, this facility’s state-of-the-art features reduce the need for costly upgrades compared to older stock.
NEWSJune 8, 2026
Samsung rolls out new TV line-up with stronger focus on lifestyle integration
- Samsung’s 2026 TV line-up debuts in Singapore with screen sizes up to 115 inches, targeting consumers seeking immersive, lifestyle-driven home entertainment.
- The Frame’s latest 98-inch LS03HE model blends art and technology, offering access to over 5,000 curated artworks and a flush-to-wall design for design-conscious buyers.
- With up to seven years of Tizen OS upgrades, Samsung positions its new TVs as long-term connected home devices, reflecting shifting consumer expectations for longevity and integration.
NEWSJune 6, 2026
Marina One Residences one-bedder sets new psf low of $1,702
- A 764 sq ft one-bedroom at Marina One Residences sold for $1,702 psf, marking a new project-wide pricing low.
- The unit’s sale price was 12.4% below Marina One’s 12-month average, highlighting significant downward pressure in the CBD market.
- Despite its prime Marina Bay location and proximity to three MRT stations, the unit transacted 8.9% under District 1’s leasehold condo average.
NEWSJune 6, 2026
Paws in the mall: Pet-friendly programming draws shoppers, from Tanglin to Pasir Ris
- Singapore malls like Tanglin and Pasir Ris are leveraging pet-friendly events, such as the 2026 Dog Fiesta Carnival, to attract wider, more diverse shopper demographics.
- Allgreen's properties now feature permanent amenities like pet water fountains at Pasir Ris Mall’s central greenway, reflecting a strategic shift toward experiential retail and community engagement.
- As malls compete increasingly on experience rather than tenant mix alone, pet-friendly amenities and events could become another way for landlords to differentiate their properties and strengthen ties with shoppers.
NEWSJune 5, 2026
What's moving the market: Singapore's biggest property deals and hottest searches (June 5)
- Skywaters Residences led non-landed private home transactions with a high-value deal, underscoring robust demand for prime units above 4,000 sq ft.
- Parc Clematis topped resale condo volumes, reflecting sustained buyer interest in mature west-side locations compared to newer launches in Tengah.
- HDB resale activity concentrated in Boon Lay and Canberra, highlighting ongoing demand for accessible suburban blocks amid limited new BTO supply.
NEWSJune 5, 2026
Nigel Lee’s strategy turns property moves into long-term gains for home buyers and sellers
- Nigel Lee’s client upgraded from a five-room Bukit Batok flat sold at $800,000 to a four-bedroom Pinetree Hill unit for $3.5 million, illustrating how strategic planning unlocks significant lifestyle and locational gains.
- By guiding clients to buy based on projected future budgets, Lee helps avoid common regrets over unit size when projects reach TOP, a forward-looking approach rarely emphasised by typical agents.
- Lee’s holistic strategy, blending affordability and timing, contrasts with agents focused solely on record prices, as seen when a Rivercove Residences seller achieved a record sale before upgrading to Lentor, inspiring further referrals.
NEWSJune 5, 2026
Thailand’s ownership crackdown reshapes foreign demand for Phuket and Koh Samui villas
- Thailand’s crackdown on nominee ownership has slowed foreign villa purchases in Phuket and Koh Samui, prompting buyers to favour “protected leasehold structures” with 30-year terms and renewal rights.
- Despite tighter regulations, Phuket’s villa segment—just 7% of residential stock but 31% of market value—remains attractive, with luxury supply in the US$4–8 million range increasingly scarce.
- Recent deals include a custom Koh Samui villa spanning 22,000 sq ft and a 7,535 sq ft Phuket villa at US$1.6 million, reflecting ongoing demand for large, bespoke homes despite regulatory headwinds.
NEWSJune 5, 2026
From conversions to institutional asset class: The future of co-living in Singapore
- Institutional investors are ramping up exposure to Singapore’s co-living sector, with 35% expecting allocations to rise over 30% in five years, reflecting growing conviction in its income stability and scalability.
- Singapore’s co-living supply stands at about 10,000 professionally managed rooms—just 6% of the 190,000-unit private and HDB rental stock—highlighting significant headroom for sector expansion.
- With private housing completions projected to average only 9,100 units annually from 2025–2029, well below the pre-pandemic 14,600-unit average, co-living’s role in addressing persistent rental supply constraints is set to grow.
NEWSJune 4, 2026
New record high of $2,881 psf at Tembusu Grand condo with sub-sale
- 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.
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