SG Property News | March 5 2025
Singapore property news roundup for Wednesday, March 5, 2025. Headlines link to the original publishers.
12 Common Things That Can Go Wrong During Your Property Purchase In Singapore
Stacked Homes
With projects like Emerald of Katong and Parktown Residence selling out fast, it’s clear that buying season is upon us. That isn’t just true for new launches either: good resale condos have become an increasingly rare find, that you’ll want…
Singapore’s World Famous Public Housing System Is Strained by an Overheated Market
Bloomberg
Why Are Dual-Key Condo Units Struggling To Sell In 2025?
Stacked Homes
Trends tend to come and go in the Singapore property market; and one of these is the dual-key unit. First introduced in Caspian in 2009, these units drew interested buyers for close to a decade, before the trend seemed to…
CDL no longer Singapore’s largest listed developer as shares close down 2.3% after trading resumption
The Straits Times
CDL boardroom tussle: A timeline of what we know so far
CNA
Lentor Central Residences to launch on March 8, with prices from S$1,981 psf
99.co
The Kallang Alive Masterplan: Transforming Singapore’s iconic district
99.co
RAFFLES SENTOSA SINGAPORE DEBUTS A GLAMOROUS RESORT EXPERIENCE IN ONE OF THE WORLD’S MOST DYNAMIC DESTINATIONS
The Malaysian Reserve
CLI group CEO Lee Chee Koon recognised at PERE Global Awards
Edgeprop
Lee Chee Koon, group CEO of CapitaLand Investment Limited (CLI), has been named the ‘Industry Figure of the Year’ for Asia Pacific at the PERE Global Awards 2024. The annual PERE awards, hosted by the London-based publication covering private equity real estate markets, recognise influential firms, individuals and standout deals from the past year.
Institutional investments in Apac real estate up 12% to US$156 bil in 2024: Colliers
Edgeprop
Institutional investments in Asia Pacific (Apac) real estate totalled US$83.2 billion ($112 billion) in 2H2024, rising 6% y-o-y, according to research by Colliers. This brings full-year investments to US$155.9 billion in 2024, climbing 12% y-o-y.
Dr Catherine Wu resigns; CDL CEO can ‘no longer’ make corp governance allegations and justify board coup: Kwek Leng Beng
Edgeprop
On March 4, Kwek Leng Beng, executive chairman of City Developments Ltd (CDL), announced that Dr Catherine Wu, “an unpaid independent advisor”, has resigned from the board of directors at Millennium & Copthorne Hotels Ltd, the hotel arm and wholly-owned subsidiary of CDL with immediate effect. According to Kwek, Dr Wu has held the post of advisor since August 2024, and before that, she was a director of the M&C board between June 2022 and January 2024. “During her tenure at Millennium &…
SC Capital Partners sells Sydney student accommodation asset
Edgeprop
Singapore private equity real estate firm SC Capital Partners Group has sold its student accommodation asset in Sydney, Australia. In a March 3 press release, the group says it sold the asset, located on Anzac Parade and Lorne Avenue in Kensington, at a “significant premium” to the price it had acquired it for and a 19% premium to its current book value. The buyer is the University of New South Wales (UNSW) in Sydney. SC Capital Partners had purchased the property in 2016.
HPL makes first foray in New Zealand with proposed purchase of InterContinental Auckland For $138.5 mil
Edgeprop
Property player and hotelier Hotel Properties Ltd (HPL) is expanding its global footprint with the proposed acquisition of InterContinental Auckland for NZ$180 million ($138.5 million).