Highly leveraged homeowners may face double whammy from inflation, housing supply: IREUS



A PERFECT storm could potentially be on the horizon for owners of private residential properties in Singapore, especially those who are highly leveraged, said the Institute of Real Estate and Urban Studies (IREUS) at the National University of Singapore.



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First Reit to divest Siloam Hospitals Surabaya for 430b rupiah



First Real Estate Investment Trust (First Reit) will divest Siloam Hospitals Surabaya at an agreed property value of 430 billion rupiah (S$40.9 million), subject to post-completion adjustments.



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Kensington Park condo launches S$1.28 billion collective sale tender



KENSINGTON Park condominium in Serangoon has been offered for en bloc sale by public tender with a guide price of S$1.28 billion, sole marketing agent CBRE announced on Wednesday (May 18).



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Far East Hospitality launching 2 Australian brands in Singapore 



Far East Hospitality (FEH) is introducing 2 Australian brands in Singapore in the coming months - Vibe Hotels and Adina - through a rebranding of existing properties.



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Frasers Property can do more to unlock value, such as distribute FCT units



FOR the financial year ended Sep 30, 2021 (FY21), Frasers Property (FPL) posted S$833.1 million in attributable profit. This was a significant increase from the S$188.1 million reported in FY20. 



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Singapore new private home sales flat in April, likely to climb in coming months



AMID a dearth of launches, developers sold 653 new private residential units, excluding executive condominiums (ECs), in Singapore this April.



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Lentor Hill Estate land parcels launched for sale, could draw bids in S$1,000-S$1,100 psf ppr range



THREE 99-year leasehold residential sites in the Upper Thomson area have come up for sale under the Government Land Sales (GLS) Programme for the first half of 2022, the Urban Redevelopment Authority (URA) announced on Tuesday (May 17).



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Timely for Singapore groups to capture property opportunities in China 





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Hwa Hong substantial shareholders make S$0.37 per share cash offer to privatise company



SUBSTANTIAL shareholders of property player Hwa Hong Corporation have made a voluntary conditional cash offer of S$0.37 per share to take the company private.



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IReit secures 6-year lease extension at Bonn Campus; sets up US$1b debt issuance programme



EUROPE-FOCUSED real estate investment trust IReit Global has secured a lease extension of 6 years from its sole tenant at Bonn Campus in Germany, for 100 per cent of the property starting from May 2023.



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Property stamp duty collection jumps 73% to S$6.8b; corporate, personal tax payments rise above pre-Covid levels



A RED-HOT property market fuelled a 73.6 per cent surge in stamp duties collected in Singapore’s financial year ended March 2022, although it slipped year-on-year in the first 3 months of 2022.



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Shophouse at 93 Tanjong Pagar Rd sold for S$13.25m



A THREE-and-a-half-storey shophouse at 93 Tanjong Pagar Road was sold for S$13.25 million last week, PropNex Realty has announced.



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More Asians eye US housing real estate: Blackstone



RESIDENTIAL real estate in the US is capturing the attention of more individuals in Asia, as these investors are drawn to the country’s broad and deep property market and the potential inflation hedges.



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Surge in industrial property supply could slow price and rental growth: Colliers



An anticipated surge in supply could slow price and rental growth in the industrial property sector, after 6 straight quarters of price and rental rises.



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Freehold boutique project Baywind Residences to launch with prices starting under S$2 million



Freehold boutique development Baywind Residences at Telok Kurau is slated to start showflat previews on Saturday (May 14), with guide prices from below S$2 million.



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Keong Saik conservation market buzzing with deals



The Keong Saik Road locale has been buzzing with conservation shophouse deals this year.



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United Hampshire US Reit distributable income rises 7.9% in Q1 2022



UNITED Hampshire US Real Estate Investment Trust (UHReit) on Thursday (May 12) reported a 7.9 per cent increase in its distributable income to US$8.1 million for the first quarter ended Mar 31, 2022, compared with the US$7.6 million in the corresponding period last year.



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OUE Commercial Reit net property income slumps 21.5% in Q1



NET property income for OUE Commercial Reit (OUE C-Reit) fell 21.5 per cent to about S$48 million for the first quarter ended Mar 31, 2022, from S$61.1 million in the year-ago period.



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