Entries by mysst

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Three levels at Solitaire on Cecil sold for $162.8 million, setting a new high of $4,325 per square foot

The tower at Solitaire on Cecil which is a planned freehold office tower of 20 stories constructed by TE Capital Partners and LaSalle Investment Management Three strata floors located at the levels of 17,18, and 20 were purchased at $162.8 million, which is an average of $4,300 per square foot over the entire space of […]

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CapitaLand Ascendas REIT sells a local industrial facility for a 219% increase above the price paid in 2005

The managing director of CapitaLand Ascendas REIT (CLAR) has announced the sale of Singapore industrial building KA Place for a consideration of $35.38 million. According to a report filed on 20 April the REIT’s trustee HSBC Institutional Trust Services (Singapore) has signed an agreement to purchase and sell in order to transfer KA Place to […]

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Within the next five years, Ascott hopes to treble fee revenue to more than $500 million

Check this article: A partnership between Accor and Crowne Estate will deliver a Swissôtel resort to Malaysia’s Genting Highlands CapitaLand’s (CLI) hotel business segment, The Ascott Limited, has set a goal to double its fee revenues to $500 million over the coming five years. The goal is based on Ascott’s FY2022 baseline that was $258m, […]

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Singapore’s prime retail rentals increased 1.2% year over year in the first quarter of 2023

Read more: The 1Q2023 investment volume was $4 billion, the smallest quarterly total since the 4Q2020 Singapore retail rental rates continued increase in the first quarter of 2023 due to the current growth in the tourism industry. According to a report from Knight Frank, gross rent of prime areas island-wide averaged $26.40 per month. (psf […]

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Spottiswoode Residences is selling a three-bedroom penthouse for $5.38 million

Read more: At Kampong Bahru Road, two connected shophouses are listed for $18.8 million.At Kampong Bahru Road, two connected shophouses are listed for $18.8 million A three-bedroom penthouse in Spottiswoode Residences is scheduled to be auctioned through Singapore Realtors Inc (SRI) on the 26th of April. The property is being sold by the owner. 2,486 […]

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At Citilink Warehouse Complex, a portfolio of 62 industrial properties is up for sale for $103 million

Check this article: Laos is now part of APAC Realty’s ERA franchise A selection of 62 strata industrial freehold units in the Citilink Warehouse Complex located in Pasir Panjang is for sale through an expression of Interest (EOI) process. The portfolio has a starting value that is $103 million. These strata homes are situated in […]

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Singapore serves as the new global headquarters for Grundfos’ commercial building services

Read this: Pan Pacific London-branded The Sky Residences will debut through UOL Group in Singapore Danish water pump maker Grundfos has revealed the new headquarters for its global commercial building service (CBS) division located in Singapore. In a press release, Grundfos states the move to the new location which is located on Jalan Tukang, located […]