City Developments Ltd (CDL) delivered record residential sales in FY2025 and stepped up capital recycling efforts, but the more consequential move may be a strategic reset now underway.
The Urban Redevelopment Authority (URA) said on March 17 that it has received a development application for land parcels on Holland Road owned by the Regent of Johor, Tunku Ismail Sultan Ibrahim, following a land swap with the Singapore government in June 2025.
Bursa Malaysia-listed property developer Tropicana Corporation believes it is time to scale up its expansion in Johor, Malaysia. It intends to unlock 800 acres of “premium landbank” with a gross development value (GDV) of RM43 billion ($12.3 billion).
JLL is the marketing agent for Shenton House.
The existing 72-unit condominium block at Flynn Park was built in 1986, and sits on an elevated, freehold plot of 208,443 sq ft. The site can be redeveloped into a new condominium of about 271 residential units
Andy Lim, CEO of JL Family Office has turned a shophouse into a showcase of Singapore heritage and local artists
The 186,000 sq ft site has a gross floor area (GFA) of 651,007 sq ft. The ground floor will have 96,000 sq ft of commercial, F&B and retail space, including a supermarket and childcare facilities. The development will be integrated with the upcoming Lentor MRT station on the Thomson-East Coast Line
“All the buyers of the five units are ultra-high networth foreigners... For these buyers, price was no object. They zoomed in on the best units, which were the largest units on the topmost floors. It’s clear that they want a product that stands out from the crowd, a product that can’t be found elsewhere,” Dominic Lee, head of luxury at PropNex.
Last month, it was reported that Sergey Brin, Google co-founder and the eighth richest person in the world with a net worth of US$88.4 billion, according to Forbes, is setting up a branch of his Bayshore Global Asset Management family office in Singapore. In November, Ray Dalio, billionaire founder of hedge fund Bridgewater Associates, announced that he is also opening a family office in Singapore.
“There were already signs that demand has returned,” says Ismail Gafoor, CEO of PropNex.
The only property app you need. More than 200,000 sale/rent listings and daily property news.
