The Straits Times
The Sandcrawler deal marks Blackstone s first Singapore property acquisition under its core plus strategy.PHOTO: ST FILE
PublishedApr 21, 2021, 8:48 am SGT
https://www.straitstimes.com/business/property/blackstone-eyes-more-singapore-property-after-buying-sandcrawler-for-176-million
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SINGAPORE - Property investment sales in Singapore are expected to return to pre-Covid-19 levels over the next three quarters of the year as investor sentiments continue to improve amid economic growth and stability, said real estate consultancy Colliers in a report on Thursday (April 15).
Real estate investment sales rose 25.8 per cent in the first quarter of this year, posting a year-on-year increase of 47.9 per cent to $3.8 billion. The figure excludes mergers and government land sales.
This was mainly led by the commercial and industrial property segments, including a number of major deals such as the half-stake in OUE Bayfront sold for $634 million, the sale of YewTee Point for $220 million and Boustead Projects injection of 14 properties into the newly established Boustead Industrial Fund at $469 million.
The Straits Times
The warning comes amid a rapid rebound in Singapore s residential property market.ST PHOTO: LIM YAOHUI
Updated34 min ago
https://str.sg/JCbH
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including the ST News Tablet worth $398.
Year on year, resale prices were up by 8 per cent.
Last quarter s HDB resale prices are also just 5 per cent lower than their peak price recorded in the second quarter of 2013, said Ms Christine Sun, OrangeTee & Tie s senior vice-president of research and analytics.
At the current pace of price growth, a new peak may be formed by the second half of this year, she said.
Prior to their recovery from the second half of 2019, HDB resale prices had notched six straight years of decline from 2013 to 2018.
Citing HDB data, Ms Sun said average prices in the January to March period rose quarter on quarter in 22 of the 26 HDB towns. Toa Payoh (17 per cent, 244 units), Bukit Timah (11.2 per cent, 28 units) and Bedok (8 per cent, 402 units) posted the highest quarterly increases.
The Straits Times
The prices of landed properties climbed 5.6 per cent in the first quarter.ST PHOTO: KELVIN CHNG
PublishedApr 1, 2021, 9:19 am SGT
https://str.sg/JCfQ
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including the ST News Tablet worth $398.