Singapore property

The deal is expected to increase the trust’s pro forma distribution per stapled security by 2.4%

The site, housing 144 units, can potentially be redeveloped into about 395 apartments

Its bid of S$576.78 million works out to S$1,515 psf ppr, a record for a pure residential GLS site in the city fringe

But mismatched price expectations and project viability continue to shape outcomes, say market watchers

The Bill also proposes to extend collective sale regime to large older government-built developments such as Neptune Court

Lazada One, 30 Raffles Place, FPL’s half stake in Frasers Tower are among the offerings; strong interest for Income Centre

Islandwide vacancy rate inches up to 11%; this is seen as the result of a time lag in tenants moving into newly completed Shaw Tower

The estate’s collective sale bid remains short of mandate ahead of Sep 20 deadline

The 15-month wait-out in the HDB resale market for private property owners is also lifted, as the market has cooled