05 July 2022

• H1 property investment sales double to S$20.2b from year ago: Knight Frank
  THE property investment market recorded some S$8.2 billion worth of transactions in Q2 2022, bringing the half year’s total to S$20.2 billion — an 88.7 per cent improvement or almost double the S$10.7 billion in transactions registered in H1 2021.
• Bigger HDB BTO flats: Clawback needed on first resale proceeds?
  THE HDB is on track to launch up to 23,000 new flats in 2022.  Still, it can be challenging for first-time applicants to secure a built-to-order (BTO) flat, especially a larger unit.
• Ascott to acquire Oakwood Worldwide from Mapletree Investments
  CAPITALAND Investment Limited (CLI) on Monday (Jul 4) announced its wholly-owned lodging business unit The Ascott is acquiring serviced apartment provider Oakwood Worldwide from Mapletree Investments.
• Aims Apac Reit’s plan to acquire Sime Darby Business Centre falls through
  AIMS Apac Reit’s manager announced on Monday (Jul 4) in a bourse filing that its plan to acquire the property along 315 Alexandra Road — Sime Darby Business Centre — has fallen through.
• ESR selling logistics assets worth over 2 billion yuan to a GIC-ESR China income venture
  HONG KONG-LISTED ESR Group said on Sunday (Jul 3) that it will be disposing its stake in 9 companies holding logistics and warehousing faciilities in China to a new China income venture – ECN IV Offshore Holdings – owned by subsidiaries of GIC and ESR.
• Park Hotel Management, liquidators sue director over disposal of assets
• Bright Ruby Resources buys Income At Raffles for slightly over S$1 billion
  SINGAPORE-BASED Bright Ruby Resources group has emerged as the buyer of Income At Raffles at 16 Collyer Quay. The price is understood to have crossed S$1billion, reflecting slightly over S$3,600 per square foot on the net lettable area of 276,451 sq ft.