Waiting list for potential tenants remains long.

A rare corner shophouse on Serangoon Road has been put on the market for sale. The owner, a semi-retired businessman who wants to be known as Chan, has been holding on to the shophouse for a decade. Chan purchased the property in early 2007, and spent S$200,000 refurbishing it. The ground floor is currently tenanted to a 24-hour coffee shop and there is a rental apartment in each of the three upper floors.

Last November, Savills Investment Management divested two assets in Singapore — its stake in China­town Point to partners Perennial Real Estate Holdings and Singapore Press Holdings for S$92.6 million, and 77 Robinson Road to CLSA Capital Partners for S$530.8 million. “I think the timing of the disposal of 77 ­Robinson Road was fortuitous,” says Justin O’Connor, the London-based CEO of Savills Investment Management, who was in Singapore recently.

Besides urban regeneration of mixed-use integrated developments, Australian property giant Lendlease has also ventured into senior living, or retirement villages. It is now the largest operator of retirement villages in Australia, with 71.

Australian property giant Lendlease’s maiden residential project in Singapore, the 429-unit Park Place Residences at Paya Lebar Quarter (PLQ), saw 215 units (50%) sold on the first day of sales on March 25. Units sold ranged from S$800,000 for a one-bedroom unit to S$2.1 million for a three-bedroom premium unit, or from S$1,600 to more than S$2,000 psf.

We were encouraged by the management’s commitment to continue focusing on the affordable segment, with the majority of its new launches in the financial year ending June 30, 2017 (FY17) and FY18 catering to this particular segment. We believe demand for products within this segment

Malaysian Resources Corp Bhd’s (MRCB) recent joint venture (JV) with Adani Realty could spur its growth prospects by looking out for higher-margin projects and sharing its expertise in developing transit-oriented development (TOD) projects in India.

Yong Tai Bhd has successfully transformed into a Melaka-centric township property developer via its integrated 138-acre (56.25ha) Impression City with a RM7.7 billion gross development value, featuring the first-of-its-kind Impression Melaka — an iconic tourist landmark that showcases large-scale live cultural music performances.

It was a sunny Monday afternoon when Henry Butcher Malaysia (Mont’Kiara) Sdn Bhd executive director Low Hon Keong and Solaris Mont’Kiara’s Management Corporation (MC) chairman Sivam Kandiah met up with TheEdgeProperty.com at Dal.Komm Coffee outlet at Solaris Mont’Kiara, Kuala Lumpur.

Taking a stroll through Publika, the mall component of Solaris Dutamas in Kuala Lumpur, is like walking through a quirky art gallery. As you walk along window shopping you may run into unusual sculptures and other works of art. It also features an open piazza for events and activities. Indeed a visit to the art-themed Publika is never boring.