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Singapore · SingaporeThe second Government Land Sale (GLS) site at Chuan Grove closed on Sep 4 with five bids. A joint venture between Singapore-listed property developer Sing Holdings and Malaysian developer Sunway Developments submitted the highest bid of $623.9 million, which translates to a land rate of $1,331 psf per plot ratio (psf ppr). The latest GLS site, measuring 156,231 sq ft, is expected to yield approximately 505 residential units with a maximum gross…See the Story
Sing Holdings-Sunway Developments JV Submits Highest Bid for Second Chuan Grove GLS Site at $1,331 Psf Ppr
Economy · TokyoPATRIZIA acquires Tokyo residential portfolio of 14 assets to drive expansion in Japan’s resilient housing market (IN BRIEF) PATRIZIA has completed a major off-market acquisition of 14 high-quality residential assets in Tokyo, comprising around 800 apartments and five retail units, on behalf of a global institutional investor. With over 97% occupancy and relatively new building stock averaging just three years old, the portfolio ensures strong i…See the Story
