CDL undertakes review to relook strategy, optimise portfolio and capital recycling
It plans to divest UK development platform by end-2026, says group CEO Sherman Kwek
Property News
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
Sunway is willing to walk away if RM11 billion IJM bid rejected
The bid faces political scrutiny over concerns it dilutes government equity and indigenous rights
India’s Leela Palaces pins fiscal 2027 growth on luxury room shortage, affluent demand
The supply of luxury hotel rooms is limited at around 30,000 keys in the world’s most populous country, according to its CEO
Online tool launched for developers to estimate land betterment charges upfront for greater cost certainty
The government is also exploring longer tenures for state properties, especially those that enable ‘innovative development’
Redas, NUS tie up to offer trainee, internship programme for real estate talent pipeline
It will provide students with exposure to real estate careers in both the public and private sectors
Anil Ambani’s US$410 million Mumbai condo seized in probe
India’s anti-money laundering agency alleges he has defaulted on over 400 billion rupees worth of loans from banks
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
30-year mortgage rate falls below 6% for first time since 2022
A rate with a five at the front will ease affordability slightly and may get some buyers off the fence
Five-star hotels lead price increases in Milan during Winter Olympics
Ticket prices running into several hundred euros put the events out of reach for many
US mortgage rates reach lowest since 2022, spurs refinancing
The contract rate on a 30-year mortgage dropped 8 basis points to 6.09% in the week ended Feb 20
Shanghai eases homebuying rules in sign of China property relief
Non-residents paying one year of social security or tax now qualify to buy homes in urban areas
Receivers put one-seventh stake in Cheong family’s Oxley Rise mansion on the block
The prime freehold residential landed plot was put up for sale in 2022 at S$300 million
Hong Kong hikes stamp duty for luxury homes as sales rebound
Developers have made a number of high-profile luxury property sales in the past few months
Serenity Park condo in Yio Chu Kang put on the market at S$505 million
The price tag translates to S$1,453 psf ppr
Tan Boon Liat Building in Outram up for sale again at lower S$1 billion reserve price
The price tag translates to a land rate of about S$1,757 psf ppr
URA releases two prime condo sites at Holland Plain, River Valley for sale
Both are Core Central Region parcels, with the Morrison Lane site being offered from the reserve list of state land sales programme
Luxury property complex in Thailand seeks more overseas buyers
Foreign demand has softened amid geopolitical tensions, trade disputes, safety concerns and a deadly earthquake
Hong Kong bank tries to sell mansion it bought at huge discount
The bank is trying to tap a rebound in the city’s housing market after a years-long downturn
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
High Star plans US$100 million bond sale for luxury Utah resort
The development plan includes 168 single-family residences, 150 condos along with 45,000 square-feet of retail space within the condo building
Australia’s first Trump-branded hotel planned for Gold Coast
The project has been nearly two decades in the making
Higher work pass salary thresholds for foreigners won’t dent housing market, AI push can power private home prices
Singapore’s AI ambitions can benefit top local and global talent
Seoul apartment prices gain further ahead of BOK meeting
The prolonged rally has heightened the central bank’s concerns about financial stability risks
Ascott, Frasers scale up in China rental housing to tap fast-growing market
Hospitality players are banking on a mindset shift driving young professionals into premium rentals