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CDL to Sell Majority Stake in South Beach Office Complex for $834 Million to Cut Debt

CDL to Sell Majority Stake in South Beach Office Complex for $834 Million to Cut Debt

City Developments Limited (CDL) has agreed to sell its 50.1% stake in the South Beach mixed-use project to its partner, Malaysia’s IOI Properties Group (IOIPG), for approximately $834.2 million. This deal values the entire South Beach complex at around $2.75 billion, representing a 3% premium over the latest valuation of $2.67 billion as of December […]

Both parcels are on the confirmed list under the government land sales programme for H1 2025 1

Sembawang EC Site and Hougang Mixed-Use Plot Launched for Tender: Over 1,000 New Homes Expected

Two government land sites have been launched for tender in Singapore, promising to deliver over 1,000 new homes. The plots, located in Sembawang and Hougang, are set to cater to strong housing demand in the coming years. The Sembawang site, designated for an executive condominium (EC) development, covers 18,968 square meters (sq m) and offers […]

More homes are being planned in various locations in the Central Region such as Bukit Timah Turf City 2

URA to Unveil Draft Master Plan 2025 in June: Chee Hong Tat

The Urban Redevelopment Authority (URA) will unveil the Draft Master Plan 2025 on June 25, announced Minister for National Development Chee Hong Tat on Thursday (May 29). The much-anticipated Draft Master Plan, which will outline Singapore’s detailed land plans for the next 10 to 15 years, is being introduced through an exhibition after gathering public […]

Upperhouse Entrance

Ultra-Luxury Condo Sales in Singapore Surge in Q1 2025, Defying Economic Uncertainty

Despite ongoing economic challenges, Singapore’s ultra-luxury condominium market has shown promising signs of recovery, with 17 units sold in the first quarter of 2025. This represents a significant increase compared to just seven units sold in the same period in 2024. The sales figures also outpaced those recorded in the first quarters of 2023 and […]

US and China Agree to Slash Tariffs for 90 Days Amid Efforts to De-escalate Trade Tensions

US and China Agree to Slash Tariffs for 90 Days Amid Efforts to De-escalate Trade Tensions

In a significant move to cool escalating trade tensions, the United States and China have agreed to suspend a large portion of their tariffs for a 90-day period, giving both economic powerhouses a chance to resolve ongoing disputes. The joint announcement was made on May 12, following high-level discussions in Geneva. Starting May 14, the […]

Singapores Private Home Sales Rise Slightly in March EC Market Hits 2M Record

Singapore’s Private Home Sales Rise Slightly in March; EC Market Hits $2M Record

Developers in Singapore sold 729 new private homes (excluding ECs) in March 2025, reflecting a modest 1.5% increase from the 718 units transacted in March 2024, according to the Urban Redevelopment Authority (URA). While the monthly gain was minimal, the figure marked a sharp drop from February 2025, which recorded 1,597 units sold – driven […]

One Marina Gardens Artists Impressions 1 2 scaled 1 2

Marina South: A Blueprint for Sustainable City Living at One Marina Gardens

A new chapter in Singapore’s urban development is unfolding at Marina South, an emerging waterfront district that merges modern conveniences, sustainable design, and community-centric planning. Anchoring this transformation is One Marina Gardens, the district’s first private residential launch by Kingsford Group. Located at the nexus of iconic landmarks such as Gardens by the Bay, Marina […]

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