NEWSJune 11, 2026
CDL and Hong Leong JV submits top bid of $1,865 psf ppr for Peck Hay Road GLS site
- CDL and Hong Leong’s $542.4 million bid for the 59,347 sq ft Peck Hay Road GLS site signals bullish sentiment for prime CCR land.
- The $1,865 psf ppr winning bid outpaced the next highest by 8.4%, surpassing Bukit Timah Road’s 2025 benchmark of $1,820 psf ppr.
- With only two CCR GLS sites yielding 720 units in 2H2026, limited supply is intensifying competition for centrally located parcels.
NEWSJune 11, 2026
'Diversify or die out': Singapore nightlife finds new ground as partygoers seek curated experiences
- Singapore’s nightlife is shifting from Clarke Quay’s traditional clubs to hybrid venues like the 18,000 sq ft COTU at CapitaGreen, reflecting operators’ need to maximise space and diversify offerings.
- Rents for nightlife spaces in Clarke Quay and the CBD, at $9–$15 psf monthly for units over 3,000 sq ft, remain below retail and F&B benchmarks, supporting continued experimentation despite squeezed margins.
- The rise of daytime, wellness-focused events—such as Rave4Cake at Coliwoo Midtown—mirrors Gen Z’s preference for curated, community-driven experiences over mainstream late-night partying.
NEWSJune 11, 2026
Record-setting sale lifts Bijou to new high of $2,561 psf
- A 753 sq ft one-bedder at Bijou sold for $1.93 million, setting a new record of $2,561 psf in District 5.
- Bijou’s latest psf high surpasses its 2014 launch peak of $2,538 psf, reflecting renewed demand for boutique freehold projects.
- Marina One Residences saw its first sub-$1,700 psf deal, with a 786 sq ft unit transacted at $1,680 psf, highlighting downward price pressure.
NEWSJune 11, 2026
Singapore tops Savills' business environment rankings in 2026 Nearshoring Index
- Singapore’s top business environment ranking in Savills’ 2026 Nearshoring Index reflects its robust logistics infrastructure and absence of trade barriers, reinforcing its regional hub status.
- Despite US tariffs impacting the region, Singapore’s resilient demand for ramp-up logistics and temperature-controlled facilities is underpinned by controlled land supply, limiting oversupply risk.
- While Singapore leads Southeast Asia in business environment, Canada, Japan, and Taiwan outperformed overall by balancing resilience, cost, and ESG factors in the global index.
NEWSJune 11, 2026
Resale condo unit at Butterworth 8 scores $2.32 mil in profit
- A 1,776 sq ft four-bedroom unit at Butterworth 8 in District 15 fetched $3.6 million, yielding a $2.32 million profit.
- The Butterworth 8 transaction’s $2,027 psf price outpaced a March record, when a smaller three-bedder sold for $2.68 million.
- Despite Butterworth 8’s strong gains, Orchard Scotts saw a 2,508 sq ft unit incur a $2.4 million loss, highlighting divergent resale outcomes.
NEWSJune 11, 2026
The most valuable part of the warehouse is the floor
- Singapore’s industrial property market faces a new hierarchy as only floors laid to millimetre-level tolerances can support AMR fleets, making legacy warehouses functionally obsolete.
- Despite 22 consecutive quarters of rising industrial rents, retrofit-capable assets remain mispriced, often trading below replacement cost even though they can be upgraded for robotics.
- Amazon’s deployment of over one million mobile robots across 300 facilities demonstrates how robotics can triple productivity per worker, underscoring the strategic value of robot-ready warehouses.
NEWSJune 11, 2026
Property agents' and agencies' disciplinary records now more visible on CEA website; enforcement actions rise
- The Council for Estate Agencies’ revamped website now lets Singapore consumers easily review agents’ disciplinary records, with ERA Realty Network’s 8,648-strong team topping 2025 enforcement actions at 31 cases.
- Enforcement actions against property agents surged 34% to 82 cases in 2025, highlighting increased regulatory scrutiny and the need for greater industry professionalism.
- By consolidating three years of enforcement data and enabling agency size comparisons, CEA’s new platform empowers buyers to make more informed, transparent choices.
NEWSJune 10, 2026
Aw & Sons launches Mber, a purpose-built co-living and serviced residence in Serangoon
- Aw & Sons Capital’s Mber in Serangoon transforms 15 shophouses into 61 co-living and serviced units, targeting globally mobile residents.
- Launch rates for Mber’s three-bedroom serviced apartments start at $430 per night, positioning it above typical co-living options in Serangoon.
- With amenities like GYMber, co-working spaces, and rooftop gardens, Mber differentiates itself through a strong community focus and flexible minimum six-night stays.
NEWSJune 10, 2026
Finding the sweet spot in a first home: Can lifestyle and investment returns coexist?
- Claire and Wayne’s exhaustive search across 40 properties ended with a move-in-ready Seaside Residences unit, prized for its unobstructed seaview and auspicious feng shui.
- Their purchase price at Seaside Residences aligned with the project’s recent average of $2,375 psf, even as a two-bedder set a new record at $2,734 psf in March.
- As the newest 841-unit condo in Siglap, Seaside Residences offers a 207,851 sq ft site, ample amenities, and proximity to Siglap MRT, supporting long-term value.
NEWSJune 10, 2026
Stiffer competition for quality office space over next two years as supply narrows
- Singapore’s Grade A office rents surpassed $14 psf per month as limited new supply, notably the 450,000 sq ft Shaw Tower, intensifies competition.
- IOI Central Boulevard Towers, offering 1.26 million sq ft and 96% committed occupancy, exemplifies robust demand for premium Marina Bay offices with top-tier amenities.
- With only Shaw Tower and 39 Robinson Road adding significant space through 2027, tenants face tighter choices compared to previous supply cycles.
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 six-storey, 17,729 sq ft commercial building at 402 North Bridge Road saw its EOI deadline extended as revised URA guidelines now permit hotel and serviced apartment use, broadening redevelopment potential.
- With a guide price of $70 million or $3,948 psf based on GFA, the property’s pricing reflects its prime location next to Raffles Hotel and proximity to major MRT interchanges.
- The URA’s policy shift, lifting restrictions in the Beach Road area, signals a pro-business stance likely to spur adaptive reuse interest and inject vibrancy into the district.
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.
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