28 Dec '15, 4pm

New: Singapore Property News This Week #240

Property investments in 2016 expected to exceed 2015 According to Colliers International, real estate investment volumes in Asia-Pacific in 2016 is expected to exceed 2015 as long-term yields will outweigh short-term macro-economic and political threats. More than half of the respondents for a survey by Colliers said they would increase their real estate allocations in the coming year. Cities like London, Paris, New York, San Francisco, Tokyo and Sydney are among the primary targets for global cross-border investors in the next year. (Source: Business Times) The Verge to make way for serviced apartments Located at Little India, The Verge which is a shopping mall, has been sold for $317 million to make way for serviced apartments. The site has 80 years of balance lease and is intended to be redeveloped into serviced apartments, a mall and a block for offices or retail. The ...

Full article: https://www.propwise.sg/singapore-property-news-this-week...

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