Property market/sector

Tuan Sing to buy Westgate Tower in Jurong for $600m

The agreed property value is 6.25% below an independent valuation of $640 million as at Oct 1.

AI-related demand powers prices, rents of Singapore industrial space in third quarter of 2026

JTC’s all-industrial rental index rose 0.5% quarter on quarter in the third quarter of 2026, while prices picked up 1% on the quarter and 4.2% year on year.

UOB’s award against Lippo rises again to $82.4 million after court corrects judgment

The Appellate Division of the High Court raised UOB’s award from $17.7 million to $76.1 million on Aug 24. It was further raised to $82.5 milllion after the court corrected its Aug 24 judgement.

Keppel Reit to buy 51% stake in Keppel South Central for $610.9 million

The total value of the 33-storey Keppel South Central in the central business district stands at about $1.2 billion.

Home buyers using more cash and CPF for down payment even as mortgage loans rise

The rise in home prices has pushed many mortgages above the $1 million mark.

Wee Hur enters Singapore student housing market with 1,398-bed NTU project

A hall of residence at Nanyang Technological University. The new development will mainly house postgraduate students.

askST: How can home owners protect themselves when tenants use shell companies to rent property?

American Anthony Thomas Price had used Noranth Ventures, a shell company, to rent a semi-detached house in Lengkong Dua in Kembangan for $7,500 a month.

US mortgage rates reach 7.5%; home-buying slump hits sixth week

The contract rate on a 30-year fixed mortgage ticked up one basis point to 7.50%.

Hongkong Land in talks with Ong Beng Seng’s HPL for stake in Orchard Road buildings: Sources

The assets under discussion are the HPL-owned voco Orchard hotel (left), Forum The Shopping Mall (centre) and HPL House (right).

Beauty World Plaza up for collective sale once more for $165m

This is Beauty World Plaza’s third attempt at a collective sale, all at the same price.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.