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Singapore real estate
Unit of Singapore billionaire Kwek family’s CDL grants $14.7M loan facility to Europe-focused real estate investment trust
IREIT Global, a Europe-focused real estate investment trust, has secured a two-year 12.5 million euro (US$14.7 million) term loan facility from a wholly-owned unit of the billionaire Kwek family’s City Developments Limited.
Father-son feud at billionaire Kwek family's CDL named among Singapore's pivotal corporate events this year
CDL of Singapore’s 2nd richest billionaire Kwek Leng Beng sells Sentosa Cove’s only mall for over $75M
Rich Singaporeans lead local luxury home purchases worth $3.9M or more
Singapore citizens accounted for 76% of purchases of landed and non-landed homes priced at S$5 million (US$3.86 million) or more in the city-state’s core central region in the third quarter of 2025.
December 4, 2025 | 03:50 pm PT
CDL of Singapore’s 2nd richest billionaire Kwek Leng Beng acquires Holiday Inn London hotel for $370M
A unit of Singapore’s second-richest man Kwek Leng Beng's City Developments has purchased the Holiday Inn London - Kensington High Street in Central London for £280 million (US$370.4 million).
December 2, 2025 | 11:28 pm PT
Property firm of Malaysia’s richest man Robert Kuok sets top bid of $358M for Singapore residential site
Allgreen Properties, Malaysian billionaire Robert Kuok’s privately held developer, has set the top bid of S$464.8 million (US$358 million) for a highly sought-after residential site in Singapore.
November 30, 2025 | 08:39 pm PT
Property firm jointly owned by ‘Palm Oil King’ Kuok Khoon Hong abandons Singapore bungalow plans, sells site for over $268M
Perennial Holdings, a healthcare and property firm jointly owned by palm oil billionaire Kuok Khoon Hong, is selling a Singapore site for over S$350 million (US$268 million), abandoning prior plans to build luxury bungalows.
November 13, 2025 | 08:03 pm PT
Singapore ranked world’s 2nd-most expensive market for data center construction
Singapore is again ranked as the second-most expensive market for data center construction in 2025, according to a recent report by consulting firm Turner & Townsend.
November 8, 2025 | 05:40 pm PT
Joint venture involving CDL of Singapore’s second-richest billionaire Kwek Leng Beng sells most units on launch weekend
Zyon Grand, a joint venture involving City Developments of Singapore’s second-richest man Kwek Leng Beng, sold 84% of its units at launch, with prices averaging S$3,050 per square foot (US$25,334 per square meter).
October 28, 2025 | 04:28 pm PT
Spanish-turned-Singaporean tycoon Ricardo Portabella sells 6 Singapore shophouses for $63.8M
Ricardo Portabella, a Spanish-turned-Singaporean businessman, has offloaded six conservation shophouses in Singapore for S$82.4 million (US$63.8 million).
October 7, 2025 | 03:32 pm PT
Malaysian billionaire Jeffrey Cheah’s Sunway Group to buy Hongkong Land’s Singapore property arm for $578M
Hongkong Land has agreed to sell its Singapore and Malaysia property arm, MCL Land, for S$739 million (US$577.98 million) to Malaysian conglomerate Sunway Group, controlled by billionaire Jeffrey Cheah.
September 18, 2025 | 07:41 pm PT
CDL of Singapore’s second-richest billionaire Kwek Leng Beng puts Sentosa Cove’s only mall on the market for $86M
Property developer City Developments Limited, controlled by Singapore’s second-richest man Kwek Leng Beng, has put Quayside Isle, the only mall at the exclusive Sentosa Cove enclave, up for sale at S$111 million (US$86 million).
September 4, 2025 | 03:11 pm PT
Singapore billionaire Kwek family’s CDL posts net profit growth as board moves past father-son feud
Singapore-based City Developments reported higher net profit in the first half of 2025 amid efforts to show that its board had overcome an earlier feud between its billionaire chairman Kwek Leng Beng and his CEO son.
August 14, 2025 | 03:32 pm PT
Singapore billionaire Kwek family’s CDL sets new record price for executive condo site with $610 psf ppr bid
City Developments, led by Singapore’s billionaire Kwek family, has set a new record price for executive condominium land in the city-state with its recent bid of S$782 (US$610) per square foot per plot ratio for a Woodlands site.
August 7, 2025 | 03:27 pm PT
Singapore’s Green Bus Company founding family lists $47M bungalow for sale
The family that founded Singapore’s renowned Green Bus Company has listed a bungalow for sale at SGD60 million (US$47 million) in a luxury area with low population.
July 24, 2025 | 07:18 pm PT
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