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News

Singapore Business Review
sbr.com.sg > commercial-property > news > mapletree-logistics-trust-sell-australian-asset-252m

Mapletree Logistics Trust to sell Australian asset for $25.2m

5+ day, 9+ hour ago   (219+ words) The property is being sold at 3.7% above its latest valuation. Mapletree Logistics Trust (MLT) has agreed to sell a logistics property at 365 Fitzgerald Road, Derrimut, Victoria, Australia, for about $25.2m. The trust’s manager, Mapletree Logistics Trust Management, said the sale price…...

Singapore Business Review
sbr.com.sg > commercial-property > news > centurion-buy-7974-bed-johor-worker-housing-asset-672m

Centurion to buy 7,974-bed Johor worker housing asset for $67.2m

5+ day, 10+ hour ago   (209+ words) The deal will lift the group’s Malaysian bed capacity by 22%. Centurion Corporation has entered into a sale and purchase agreement to acquire a 7,974-bed purpose-built worker accommodation asset in Pasir Gudang, Johor, Malaysia, for approximately $67.2m. The acquisition will increase the…...

Singapore Business Review
sbr.com.sg > exclusive > singapore-buildings-blur-lines-between-uses

Singapore buildings blur lines between uses

6+ day, 16+ hour ago   (325+ words) Singapore’s architects are seeing more developments combine residential, healthcare, workplace, community, and transport functions as the city seeks to make better use of limited land. Siah Puay Lin, Singapore lead of Architecture and Design at Surbana Jurong Private Ltd., said…...

Singapore Business Review
sbr.com.sg > commercial-property > news > hdb-commercial-units-in-toa-payoh-jurong-east-sale-38m

HDB commercial units in Toa Payoh, Jurong East up for sale at $38m

1+ week, 10+ hour ago   (141+ words) The four assets offer net yields above 3.7%. A group of four HDB commercial assets in Toa Payoh and Jurong East is up for sale with a combined guide price of about $38m. The offering comprises a corner coffeeshop at 183 Toa Payoh…...

Singapore Business Review
sbr.com.sg > commercial-property > news > frasers-property-redevelop-yishun-10-mixed-use-project-2031

Frasers Property to redevelop Yishun 10 into mixed-use project by 2031

1+ week, 5+ day ago   (137+ words) The mall is expected to cease operations on 2 March 2027. Frasers Property plans to redevelop retail mall Yishun 10 into a mixed-use development comprising about 110 residential units and a street-level retail podium, with completion slated for 2031. The project is targeted for launch…...

Singapore Business Review
sbr.com.sg > exclusive > investors-target-singapores-mid-term-rental-gap

Investors target Singapore’s mid-term rental gap

1+ week, 5+ day ago   (274+ words) Co-living has fewer than 10,000 rooms despite a sizeable international workforce. Singapore’s rental market has limited options for tenants staying three to 24 months, creating an opening for investors targeting stays longer than hotels but shorter than conventional residential leases. “Singapore's private…...

Singapore Business Review
sbr.com.sg > commercial-property > news > commercial-residential-and-industrial-lbc-rates-rise-1-september

Commercial, residential, and industrial LBC rates rise from 1 September

1+ week, 6+ day ago   (214+ words) Industrial properties recorded the largest average increase at 3.9%. The Singapore Land Authority (SLA) has raised Land Betterment Charge (LBC) rates for commercial, residential, and industrial developments from 1 September to 28 February 2027. LBC rates for industrial properties recorded the largest average increase…...

Singapore Business Review
sbr.com.sg > commercial-property > news > two-rare-tenure-commercial-assets-hit-market

Two rare-tenure commercial assets hit market

1+ week, 6+ day ago   (230+ words) The assets include a freehold shop at Nomu and a 999-year shophouse at North Canal Road. Two city-centre commercial assets with freehold and 999-year tenures are on the market, according to Knight Frank Singapore. The properties comprise a 1,335-square-foot ground-floor…...

Singapore Business Review
sbr.com.sg > residential-property > news > jll-launches-gilstead-court-collective-sale-198m-reserve-price

JLL launches Gilstead Court collective sale at $198m reserve price

2+ week, 8+ hour ago   (167+ words) The freehold District 11 site has secured over 80% owner consent in six months, with the tender closing 13 October. JLL has launched Gilstead Court for sale by tender for a reserve price of $198m, offering a rare freehold collective sale opportunity in Singapore's…...

Singapore Business Review
sbr.com.sg > hotels-tourism > news > frasers-property-shareholders-back-hospitality-assets-optimisation

Frasers Property shareholders back hospitality assets optimisation

2+ week, 10+ hour ago   (154+ words) The approval gives Frasers full ownership of Fraser Suites Singapore and enables Valley Point redevelopment. In a statement, the company said the Ordinary Resolution was approved by 99.07 % of the total number of votes cast by shareholders entitled to vote. The…...