Five reasons to buy, Frasers profit, retail rents, Lentor nursing home sale (SG Property Daily)
Propwise Analysis
Why Invest in Singapore Property? 5 Reasons and the Risks in 2026 (Q3 2026)
Five reasons Singaporeans invest in property, from cheap leverage to no capital gains tax, weighed against 2026 risks: ABSD, SSD, thin yields and new supply.
News
Prime first-storey retail rents rise in all three markets in Q3, up 0.8% YoY overall
Orchard/Scotts Road rents rose 0.5% QoQ to S$42.15 psf. Other City areas rose 0.5% QoQ to S$19.80 psf and Fringe/Suburban areas rose 0.3% QoQ to S$34.90 psf. Island-wide occupancy was steady at 93.5%. The retail pipeline totals 1.6 million sq ft of net lettable area from Q4 2026 to 2030.
Frasers Property’s FY2026 net profit rises 23.5% to S$300.1 million
Second-half net profit more than doubled to S$211.7 million on revenue up 17.4% to S$2.1 billion. Full-year revenue grew 6.8% to S$3.6 billion. Net fair-value gains were S$142.3 million, mainly from a valuation uplift on the Valley Point redevelopment plan. The proposed dividend is S$0.05 a share, up from S$0.045.
First Reit will sell The Lentor Residence nursing home for S$14.2 million
The price is below the S$14.3 million fair value assessed at 31 December 2025. Net proceeds are about S$13.94 million. The existing lease on the five-storey nursing home at 51 Lentor Avenue expires in June 2027. Had the sale completed on 1 January 2025, FY2025 net property income would have been S$1.6 million lower.
Hongkong Land has recycled over US$4.2 billion of capital since 2024, ahead of its end-2027 target
The total includes about US$500 million of expected proceeds from 2026 agreements to sell interests in Cambodia, the Philippines and Thailand. The 49% stake in the former British embassy site in Bangkok made up the bulk. The buyback programme rises by US$100 million to US$750 million and runs to 31 December 2027. The group is focusing on Hong Kong, Singapore and mainland China.
A man who tried to take his estranged wife’s share of their HDB flat lost his own share instead
The man devised a plan to take over his wife’s share of the flat, but his poor grasp of the financial rules meant he ended up losing his own share.