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Singapore Rejects Guocoland Bid For Prime Site As Housing Demand Eases

The government rejected the lone bid submitted by a consortium led by Malaysian billionaire Quek Leng Chan s Guocoland for a prime residential site in Marina Bay. ....

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State land plots in Marina Gardens Crescent, Media Circle draw tepid bids

Fewer bids and lower land rates than recent state land tenders reflect greater risk aversion from developers. Read more at straitstimes.com. ....

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GuocoLand Submits Sole Bid For Marina South Plot Amid Singapore's Softening Housing Demand

A consortium led by GuocoLand submitted the only bid for a prime plot of land in the Marina South precinct, adding to signs demand for housing in Singapore is softening amid rising interest rates and government’s property curbs. ....

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State land sales deals hit 11-year high of $7.7 billion in 2023

This is the highest annual value recorded under the Government Land Sales programme since 2012. Read more at straitstimes.com. ....

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Private wealth continues to drive capital market deals

From left: Chris Pilgrim, Colliers managing director of global capital markets, Asia Pacific; Luke Dawson, Colliers head of global and EMEA capital markets; and Tang Wei Leng, Colliers head of capital markets and investment services, Singapore (Photo: Albert Chua/EdgeProp Singapore)In the Asia Pacific (Apac) region, real estate sector returns continue to be hampered by interest rate pressures on the cost of capital, says Colliers in its Nov 6 report on Apac 3Q2023 capitalisation (cap) rates. Ove ....

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