Kushner Cos exits Philadelphia with sale of property stake



[NEW YORK] Kushner Cos is leaving Philadelphia with the sale of its only asset in the city, a stake in an apartment-and-retail complex with a party-ready courtyard.



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Reits





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No wonder the ultra-wealthy are now flocking to Sydney



WITH its pristine beaches, glistening harbour and enviable climate, you'd be forgiven for thinking of Sydney as a holiday destination. But for an increasing number of the world's wealthy, their ticket to Sydney is one-way.



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Leonie Gardens goes en bloc with S$800m reserve price



HUTTONS Asia announced it is launching Leonie Gardens for collective sale by tender with a reserve price of S$800 million. The reserve price translates to S$2,104 per square foot based on existing GFA (gross floor area), or S$2,021 per square foot per plot ratio (psf ppr) if a 10 per cent balcony space is included, subject to approval.



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Frasers Property buys warehouse in the Netherlands for 25m euros



REAL estate firm Frasers Property said on Friday it has acquired a new freehold logistics warehouse in the Netherlands.



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Indonesian tycoon buys 2 Bt Pasoh shophouses



THE family office of Indonesian tycoon Prajogo Pangestu has picked up a pair of adjoining freehold shophouses in Teo Hong Road in the Bukit Pasoh Conservation Area for nearly S$22 million.



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Stamford Land posts Q4 net profit of S$25.6m



STAMFORD Land saw its fourth-quarter net profit expand to S$25.63 million from S$8.93 million for the year-ago period on increases in revenue, interest income and dividend income.



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Leonie Gardens in District 9 goes en bloc with S$800m reserve price; Lakeside Apartments at S$240m



HUTTONS Asia announced it is launching Leonie Gardens for collective sale by tender with a reserve price of S$800 million.



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Eight shophouses in Jalan Besar to be conserved, another 24 under consideration by URA



EIGHT shophouses in Jalan Besar will be put up by the Urban Redevelopment Authority (URA) for conservation status.



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Frasers Property acquires owner of new logistics warehouse in Netherlands for 25m euros



FRASERS Property Ltd on Friday said it has acquired a new freehold logistics warehouse in the Netherlands.



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Bukit Sembawang posts sharp increase in Q4 earnings



PROPERTY developer Bukit Sembawang Estates reported a substantial increase in quarterly net income on Thursday, as it recognised higher profits from its development projects.



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US new home sales fall less than forecast in April



SALES of new US single-family homes fell less than expected in April amid a rise in transactions in the South and Northeast, and data for the prior three months was revised lower, suggesting the housing market was struggling to regain momentum.



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Prologis earns tidy sum from sale of property to Facebook



ALL eyes were on Facebook Inc and its ambitious expansion plans when the social-media giant bought a 21-building campus in Menlo Park, California, from Prologis Inc. Turns out the 2015 deal turned a tidy profit for the warehouse landlord - and made its other properties in the area more valuable.



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Chinese buyers pump luxe property bubble in Phnom Penh



GUO Qirui, 30, says it's a lonely journey when he goes home to his rented luxury condominium in Phnom Penh, the capital of Cambodia, the country where the Chinese retail executive has lived in for nearly half a decade.



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3 Liang Seah shophouses seeking S$30m; 6 Little India conservation units up for auction



THREE adjoining shophouses at 33 Liang Seah Street have been launched for sale via private treaty at S$30 million, while six conservation shophouses at Desker Road are up for auction.



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