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Alibaba buys half stake in Singapore’s AXA Tower

Chinese e-commerce giant Alibaba Group has bought a half stake in Singapore's AXA Tower from a consortium led by Singapore-listed Perennial Real Estate Holdings...

Ascendas REIT buys Galaxis property stake for US$72m

Singapore-listed Ascendas REIT has purchased a 25% stake in Singapore's Galaxis building from a subsidiary of Japan's Mitsui & Co for S$102.91m (US$72.4m), reflecting...

Pierfront raises US$200m for APAC private credit fund

Singapore-based fund manager Pierfront Capital has raised US$200m in the first close of a new private credit fund, which will provide financing to real...
Singapore

Frasers Property to buy Singapore’s AsiaMalls Management

Singapore-listed Frasers Property has agreed to purchase property manager AsiaMalls Management, which manages five malls and an office tower in Singapore. All six properties are...
Alexandra Technopark, Singapore

Frasers’ Singapore REITs to merge into US$4.2bn trust

Singapore-listed Frasers Logistics & Industrial Trust has agreed to buy Frasers Commercial Trust for S$1.54bn (US$1.25bn) in a bid to grow its portfolio and...

CapitaLand offloads Singaporean mall for US$217m

Singapore-listed CapitaLand has agreed to sell the Star Vista mall in Singapore for S$296m (US$217m), as part of the firm's asset recycling program. CapitaLand, which has...

Singapore’s Arcade hits the market for US$573m

The Arcade, a 20-storey office and retail building, in Singapore's Raffle Place has been placed on the market for S$780m (US$572.5m). The property, located at...
Bugis Junction Towers

Keppel REIT offloads Singapore office tower for US$396m

Singapore-listed Keppel REIT has agreed to sell its strata ownership of the Bugis Junction Towers in Singapore for S$547.5m (US$395.5m), reflecting a 3% yield...
2 Mount Elizabeth Link

Serviced apartment development in Singapore hits the market for US$167m

A 22-storey freehold service-apartment development in Singapore's sought-after District 9 area has hit the market with price expectations of about S$230m (US$166.7m). The vendor is...
lyf Funan Singapore

CapitaLand adds 846 units to Singaporean lodging business in 2019

Singapore-based CapitaLand's Ascott lodging business plans to add a record 846 units across four new properties in Singapore this year, growing its local portfolio...
71 Robinson Rd, Singapore

Commerz Real sells Singapore office for US$476m

Commerz Real, the property arm of German Commerzbank, has sold its 71 Robinson Road office in Singapore to a Sun Venture subsidiary for S$655m...

Allianz, Gaw Capital buy Singapore’s DUO complex for US$1.17bn

Allianz Real Estate, the property arm of the German insurer, and Gaw Capital have teamed up to acquire the DUO Tower and DUO Galleria...
A-HTRUST’s Park Hotel Clarke Quay

CapitaLand to merge S-REITs into Asia-Pacific’s largest hospitality trust

Singapore's CapitaLand, which completed its merger with Ascendas-Singbridge this week, plans to combine the Ascott Residence and Ascendas Hospitality trusts into Asia Pacific's largest...
Frasers Tower in Singapore

Frasers Property sells Singapore office stake for US$327m

Singapore-listed Frasers Property has agreed to sell a 50% stake in its Frasers Tower in Singapore for S$422.7m (US$327.2m) after completing the 38-storey property...
M&A

Singapore’s CDL launches US$987m takeover bid for Millennium & Copthorne Hotels

Singapore-listed City Developments Limited (CDL) has launched a £776.29m (US$986.8m) takeover offer for UK-listed Millennium & Copthorne (M&C) Hotels amid an “increasingly challenging” global...
Singapore REITs poised for consolidation

Singapore REITs poised for further consolidation

Singapore real estate investment trusts (REITs) have flourished since the early 2000s, however players in the crowded market are now looking to consolidation to...
Suchad Chiaranussati (image: SC Capital Partners)

SC Capital raises US$850m for latest APAC discretionary property fund

Singapore-based SC Capital Partners (SCCP) has raised US$850m in the final closing of its fifth discretionary real estate fund, Real Estate Capital Asia Partners...
Waterway Point (image: Frasers Property)

Frasers Centrepoint Trust buys one-third stake in Singapore Mall for US$319m

Frasers Centrepoint Trust (FCT) has acquired a one-third interest in the Waterway Point mall in Singapore from another Frasers Property subsidiary for S$440.6m (US$319.9m). Waterway...
Chevron House

Oxley sells Singapore’s Chevron House complex for S$1.025bn

Listed property developer Oxley Holdings has agreed to dispose of the Chevron House complex in Singapore for as much as S$1.025bn (US$758m). The 24,273 sq.m....
Chinatown Point Mall (image: Perennial Real Estate Holdings)

Perennial, investors sell Singapore’s Chinatown Point Mall for US$383m

Perennial Real Estate Holdings and a consortium of investors, including Singapore Press Holdings, have agreed to sell their stakes in the Chinatown Point Mall...