Ascendas-Singbridge acquires Sydney office building at $270 mln
Ascendas-Singbridge Group has entered into a contract of sale with GDI Property Group on Aug 18 to acquire a Sydney Grade-A office building at 66 Goulburn Street for A$252 million (about $270 million). This works out to be about $1,096 psf,...
Aspen Group awards $140 mln Penang residential development contract to Kerjaya Prospek
On Aug 17, Aspen Vision City awarded a RM442 million (S$140.4 million) contract for the main construction of a Penang residential development – Vertu Resort – to Kerjaya Prospek (M), a subsidiary of Kerjaya Prospek Group. Aspen Vision C...
AVA put 12 Lim Chu Kang land plots up for sale
On Aug 17, AVA put 12 land parcels for vegetable farming at Lim Chu Kang up for sale by public tender, under the fixed price tender system. The tender exercise will close on October 26. Sized from about 215,822 sq ft to approximately 228...
SGX and SISV set up committee to review valuation practices
Singapore Exchange (SGX) and the Singapore Institute of Surveyors and Valuers (SISV) announced on Aug 17 that they are jointly reviewing valuation practices as well as reporting done by real estate valuers that are engaged by list...
The Qi Men art of decision-making
Qi Men Dun Jia dates back 3,000 years. Ancient military superstar Zhuge Liang combined it with The Art of War philosophies of Sun Tzu to develop winning strategies at war. Throughout Zhuge Liang’s career, the Qi Men Dun Jia system prov...
Lendlease appoints Ng Hsueh Ling as Managing Director, Singapore and Chief Investment Officer, Asia
Source: Lendlease On Aug 14, Lendlease announced the appointment of Ng Hsueh Ling as managing director, Singapore and chief investment officer, Asia. Ng joins Lendlease from Keppel REIT Management, where she wa...
Keppel Land China divests interest in Nantong residential project
Keppel Land China announced on Aug 16 that its wholly-owned unit, Merryfield Investment, has entered into an agreement to sell its 100% interest in Keppel Lakefront (Nantong) Property Development...
Reviews have significant impact on agent commissions, says OrangeTee-NUS research
Panelists at OrangeTee’s townhall meeting (from left): Bill Leung of OrangeTee; Davin Wang and Ong Seow Eng of NUS; and Steven Tan and Michael Tan of OrangeTee It has become routine to read customer reviews and ratings be...
Normanton Park condo up for collective sale with reserve price of $800 mil
Normanton Park (below), a 23-storey, 488-unit condo located off Ayer Rajah Expressway, has been put up for sale by tender with a reserve price of $800 million. The price translates to $898 psf ppr, including development charges and a lease ...
Oxley’s maiden hotel development receives TOP
Oxley Holdings announced on Aug 15 that its hotel development on Stevens Road received its Temporary Occupation Permit (TOP) on Aug 3. The two hotels within the development are expected to begin operations in 2Q2018. The hotel dev...
Thomson Plaza unit for sale at $39 mil
Thomson 88 has put a single strata retail unit at Thomson Plaza up for sale by EOI. The unit, which spans a strata area of 13,993 sq ft, has a guide price of $39 million, says marketing agent Cushman & Wakefield. The ground-floor proper...
