Commercial & Industrial
Reits that don’t trade well should be privatised, or sell assets and be liquidated
After selling One Raffles Place, OUE Reit should be taken private or divest the rest of its properties
Ossia’s Goh family picks up S$73 million bloc of 18 strata units at Orchard Shopping Centre
While there are plans to enhance the units’ facades, the buyer will likely wait for greater clarity on the outcome of the building’s collective sale
Land betterment charges upped 4.1% on average for non-landed residential, 4% for landed residential uses
LBC rates raised on average by 3.2% for industrial and 0.5% for commercial use groups; no change for hotel/hospital/nursing home use
Frasers Property defends turf with S$391.9 million acquisition of The Centrepoint rear block
This will allow the group to consolidate adjoining sites for a major redevelopment in the future
Altallo Asset Management inks option to buy 158 Cecil Street for S$175 million
The price works out to S$1,541 psf on the net lettable area of about 113,540 sq ft
One Raffles Place expected to be put on the market at S$2.3 billion to S$2.4 billion
All owners of the office and retail asset, above Raffles Place MRT station, are coming together for a potential sale
City Plaza owners eye another mega en bloc attempt with S$970 million reserve price
The latest push comes amid mounting challenges faced by owners of the ageing strata mall
Amazon to exit Asia Square; Shell likely to take over its prime CBD space
The tech giant’s lease for 100,000 sq ft in Tower 1 is said to be expiring in July
Frasers Hospitality repositions portfolio with move into premium rental apartments
China anchors company’s premium rental push with launch of Modena by Fraser Shenzhen
Gold rebounds more than 3% after sharp sell-off
Non-yielding bullion tends to perform better in low-interest-rate environments
