Entries by meyer

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ARA Funding Bought Robinson Centre for $340 mil

A fund managed by Singapore-listed ARA Asset Management has acquired Robinson Centre, a 20-storey office construction along Robinson Road. The land has a net lettable area (NLA) of over 130,000 sq ft. Although no price was revealed, it was allegedly sold for about $340 million, or about $2,600 psf based on NLA. The deal was […]

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Real Estate Trust Funds Remain Bankers’ Pleasant Friends Amid Record Fundraising

Real estate investment trusts raised $6.4 billion this year, excluding two REIT mergers that were finished and two acquisitions from Mapletree North Asia Commercial Trust (MNACT) and BHG Retail REIT that require unitholder approval. Check out if is OLA a good buy, official project details, floor plans, showflat appointment here. Dasin Retail Trust and Ascendas […]

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Four years needed to clear property supply glut: specialists

The present real estate glut dilemma in Singapore could take approximately four years to be removed, land specialists told Bloomberg. The overhang may also apply a downward pressure on land prices in the middle of an uncertain economic outlook. Find where is OLA is located for a showflat appointment preview. The Urban Redevelopment Authority (URA) […]

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Townhouse Resale Fall 8.5% In Q3 2019

Read more Midtown Bay launched last Oct 5 by GuocoLand Island-wide condo resale amounts in Q3 2019 fell 8.5percent quarter-on-quarter (QoQ) into 1,855 units, compared to 22 percent QoQ at Q2 2019, reported Singapore Business Review mentioning Edmund Tie. Ong Choon Fah, Edmund Tie CEO, considers the fall may have been caused by the increase […]

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New Bridge Rd shophouse available to be purchased at $19.5m; dealer to work out back augmentation

A prime four-storey conservation shophouse at 21 New Bridge Road has been launched for sale via tender at $19.5 million, also Colliers International said. The vendor will bear the additional price to leading up the land tenure into a new 99-year lease, and has also committed to undertake addition and alteration (A&A) functions to construct […]