NEWSJune 30, 2026
Aedge subsidiary buys 219 Kallang Bahru industrial building for $13.99 mil
- Aedge subsidiary HPF Holdings acquired the 71,236 sq ft industrial building at 219 Kallang Bahru for $13.99 million, supporting operational expansion and rental income.
- The purchase price closely matches the independent valuation of $14 million, reflecting disciplined acquisition strategy amid Singapore’s competitive industrial property market.
- This marks Aedge’s third industrial asset after Amethyst and Beryl House, signalling a deliberate shift toward recurring-income real estate diversification.
NEWSJune 30, 2026
Seoul co-living presents an emerging investment opportunity as housing market transforms: JLL
- Institutional investors are accelerating capital deployment into Seoul’s co-living sector, with over 17 major transactions since 2024, mainly through hotel and officetel conversions.
- Median monthly rents for co-living units under 40 sq m in Seoul now command KRW1.13 million, a 43% premium over conventional officetels, reflecting robust demand from singles and expatriates.
- Foreign players like KKR, Morgan Stanley, and CPPIB have entered Korea’s co-living market, attracted by regulatory reforms, tax incentives, and a shift toward stable, long-term rental assets.
NEWSJune 30, 2026
High Point collective sale tender closes without award
- High Point’s fifth collective sale attempt at Mount Elizabeth closed without award, despite a $580 million guide price and 47,607 sq ft site.
- The $2,641 psf ppr land rate sought in this tender exceeded Shun Tak’s 2021 offer of $2,626 psf ppr, reflecting rising seller expectations.
- With 59 units on a prime Orchard Road plot, High Point’s repeated en bloc failures highlight persistent developer caution amid luxury market uncertainties.
NEWSJune 30, 2026
Freehold mixed-use building in Little India area for sale at $13 mil
- A freehold six-storey mixed-use building at 28 Kinta Road, with 4,450 sq ft built-up area, is seeking $13 million.
- The $2,921 psf guide price reflects District 8’s strong shophouse demand, which saw $183 million in deals across 24 transactions last year.
- Fully tenanted and steps from three MRT stations, the property’s supply-constrained Little India location underpins its appeal to yield-focused investors.
NEWSJune 30, 2026
Singapore braces for higher construction costs as commodity prices, labour crunch bite
- Singapore’s construction costs are projected to rise 3.5–4.5% in 2026, driven by imported material price shocks and persistent skilled labour shortages.
- Major projects like Changi Airport Terminal 5 and Marina Bay Sands’ expansion are sustaining robust construction demand, with output expected to grow 4.5% in real terms next year.
- Despite an 8% quarterly surge in cement prices—the region’s highest—Linesight forecasts a 1–5% decline by late 2026 as supply constraints ease.
NEWSJune 30, 2026
EC site at Admiralty Walk launched for sale
- HDB launched a 138,782 sq ft executive condo site at Admiralty Walk, Sembawang, potentially yielding 450 units under a 99-year lease.
- With up to three bids expected and estimates ranging from $530 to $700 psf ppr, pricing reflects cautious sentiment amid a growing EC pipeline in the North.
- Compared to the Canberra Drive EC tender, Admiralty Walk’s distance from Sembawang MRT and muted BTO demand may temper developer enthusiasm.
NEWSJune 30, 2026
Three-room flat at Bidadari sets new Singapore high at $945,000
- A 72 sq m three-room flat at 118A Alkaff Crescent fetched $945,000, underscoring robust demand for spacious, well-located HDB units.
- The record-setting Bidadari transaction eclipsed the previous $930,000 high, highlighting rapid price escalation among newer three-room HDB resale flats.
- With a $1,219 psf benchmark and 93 years left on lease, this sale signals buyers’ willingness to pay for long tenure and connectivity.
NEWSJune 30, 2026
Hyatt to debut Alila brand in Japan with Hakone mountain retreat
- Hyatt and Fujita Corp will introduce the Alila brand to Japan in 2028 with a 60-room Hakone retreat, each room featuring a private onsen bath.
- Designed by Kengo Kuma and Associates, the resort’s integration with Fuji-Hakone-Izu National Park’s landscape underscores a commitment to immersive, nature-centric luxury.
- This debut expands Hyatt’s Japan portfolio to 10 brands, positioning Alila Sengokuhara Hakone as a new luxury benchmark amid rising demand for experiential hospitality.
NEWSJune 30, 2026
How far should an MCST go to recover unpaid maintenance contributions?
- MCSTs in Singapore face tough choices recovering arrears, as legal action for $8,000 owed may still leave them $1,200 short after costs.
- In one development, $600,000 in arrears across 150 units was tackled through statutory charges and instalment plans, recovering over 75% without widespread forced sales.
- While the Building (Strata Management) Act empowers MCSTs with forced sale and prosecution, excessive enforcement risks reputational damage and undermines community trust.
NEWSJune 29, 2026
Health-led lifestyle hub to take shape at former Serangoon Garden school as Top Pave wins SLA tender
- Top Pave secured the 78,096 sq ft former Serangoon Garden South School site, aiming to create a health-led lifestyle hub integrating fitness, TCM, and community spaces.
- The SLA’s price-quality tender approach prioritised both value and concept, reflecting a shift from lowest-bid wins to holistic asset rejuvenation strategies.
- This adaptive reuse mirrors successful transformations like New Bahru and Commune @ Henderson, underscoring growing demand for multi-generational wellness destinations in heritage neighbourhoods.
NEWSJune 29, 2026
SISV to split off valuation and general practice division into an independent professional body
- SISV’s valuation and general practice division will become SISV RE, an independent body, pending regulatory approval in Singapore.
- The split, endorsed at SISV’s June 20 EGM, aims to grant the VGP division greater agility and inclusiveness for industry innovation.
- As one of three SISV divisions, VGP’s separation marks a strategic shift, potentially elevating professional standards in Singapore’s property sector.
NEWSJune 29, 2026
'Severe' supply crunch to persist for premium offices; leasing demand led by renewals
- Singapore’s CBD Grade A office rents climbed 1.1% quarter-on-quarter to $12.19 psf in Q2 2026, marking a sixth consecutive year of growth amid a severe supply crunch.
- Despite Shaw Tower’s completion nudging overall CBD vacancy to 6.7%, sustained demand—exemplified by Databricks’ 32,000 sq ft expansion—keeps prime space absorption robust.
- With new major supply delayed until 2028 and only Newport Tower completing in 2027, landlords retain pricing power as occupiers prioritise renewals over costly relocations.
NEWSJune 29, 2026
Waldorf Astoria Kuala Lumpur to open in late 2026
- Hilton’s Waldorf Astoria Kuala Lumpur, debuting in late 2026 with 268 rooms starting at 80 sq m, targets luxury demand in the Golden Triangle.
- The hotel’s proximity to Pavilion Kuala Lumpur and a 10-minute drive from Petronas Twin Towers underscores its strategic location for both business and leisure travellers.
- By partnering with acclaimed chefs Garima Arora and Jean-Georges Vongerichten, Waldorf Astoria signals a competitive push in Kuala Lumpur’s high-end hospitality scene.
NEWSJune 29, 2026
Putting service before the sale: How Jimme Pang turns fear into financial opportunity for his clients
- Jimme Pang and his wife helped a Serangoon couple avoid $300,000 in ABSD by restructuring their property portfolio, enabling an HDB upgrade to a three-bedroom condo at The Quartz.
- Pang’s client-centric approach, honed through 21 transactions in August 2025 and multiple PropNex accolades, demonstrates how trust-driven service can unlock financial opportunities for hesitant homeowners.
- Compared to typical agents, Pang’s perseverance—such as nurturing a cold lead through 30 viewings—translates into long-term relationships and repeat business, reinforcing his top-36 PropNex ranking.
NEWSJune 29, 2026
What Singapore homeowners often overlook when choosing wall paint
- Many Singapore homeowners overlook how humidity and poor ventilation can cause paint issues like peeling or mould within two years.
- Showflat-inspired colour choices often ignore practical needs; anti-mould or easy-clean paints are crucial for kitchens, bathrooms, and high-traffic areas.
- While limewash and textured finishes add depth, their maintenance challenges make them less suitable for frequently touched walls or homes with children.
NEWSJune 29, 2026
Strata-titled cinema space at Golden Mile Tower for sale at $31 mil
- A 104,991 sq ft strata-titled cinema space at Golden Mile Tower is for sale at $31 million, offering four auditoriums and offices.
- At $295 psf, the guide price for this Beach Road asset stands out against typical commercial rates in central Singapore.
- With flexible use potential and proximity to Nicoll Highway MRT, this rare large-format commercial listing targets investors seeking prime city-fringe opportunities.
NEWSJune 29, 2026
CapitaLand-backed The Work Project takes Singapore’s premium flexible workspace brand to London
- Singapore’s The Work Project secured three London locations totaling 82,000 sq ft, including a 26,000 sq ft space at BGO’s 105 Victoria Street, highlighting its rapid expansion into Europe’s largest flexible workspace market.
- TWP’s selection by Brookfield and BGO over established European and American operators underscores the brand’s strong landlord relationships and differentiated design approach, validated through rigorous site visits and stakeholder interviews.
- With London’s flexible workspace market projected to reach 50 million sq ft by 2030—more than Singapore’s entire office stock—TWP’s early foothold positions it for significant growth amid rising occupier demand for agility.
NEWSJune 28, 2026
Owners of freehold Balestier Centre launch first collective sale bid at $180 mil
- Balestier Centre’s first collective sale attempt seeks $180 million for its 40,133 sq ft freehold site, offering 120,400 sq ft GFA.
- The $1,495 psf ppr guide price positions Balestier Centre below Balestier Regency’s $255 million ask, highlighting competitive city-fringe redevelopment value.
- With 86.7% owner consent secured, the site’s proximity to Novena MRT and HealthCity Novena underscores strong locational appeal for mixed-use redevelopment.
NEWSJune 27, 2026
Pasir Ris Town Square community hub opens, with more changes in store by 2030
- The newly opened Pasir Ris Town Square, a fully sheltered, flexible community hub at Pasir Ris Mall, offers 24/7 event space supporting the area’s transformation under HDB’s Remaking Our Heartland programme.
- Integrated with the 487-unit Pasir Ris 8 condo and retail mall, the town square enhances liveability and connectivity, complementing recent infrastructure like the new bus interchange and polyclinic.
- With upcoming projects such as Costa Riviera BTO, four new MRT stations, and the 9km Changi Northern Corridor road by 2030, Pasir Ris is poised for significant growth and improved accessibility.
NEWSJune 27, 2026
Family offices expand beyond trophy assets into living sector, logistics, private credit
- Family offices are shifting capital into living sectors like student housing and logistics, targeting resilient income streams amid urbanisation trends.
- Next-generation leaders in Southeast Asia are broadening portfolios across multiple markets, leveraging global networks and prioritising sustainability alongside returns and operational excellence.
- In Australia, family offices favour private credit backed by first mortgages for high-end residential projects, capitalising on premium housing shortages and conservative lending structures.
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