Paragon Mall to Be Sold to CapitaLand for More than $3 Billion
Singapore’s iconic Paragon Mall is being sold to CapitaLand Integrated Commercial Trust (CICT) for over S$3.9 billion, roughly US$3 billion. The 94,411 sqm, six‑storey property on Orchard Road hosts more than 190 luxury brands. CICT will fund the acquisition by divesting Asia Square Tower 2 for US$2.47 billion. The transaction is slated for completion in the second half of 2026, giving CICT full control of a premier freehold retail asset.
Sino Land-Led Consortium Clinches Kam Sheung Road Phase Two with US$1.7 Billion Investment
A consortium led by Sino Land and Great Eagle Holdings, together with China Overseas Land & Investment and China Merchants Land, secured the Kam Sheung Road Station Phase Two tender. The group will invest over HK$13 billion (about US$1.7 billion) to build...
How Virtual Design and Construction Is Cutting Costs in Commercial Real Estate Development
Virtual Design and Construction (VDC) is reshaping commercial real‑estate development by merging 3D modeling, data‑driven scheduling, and clash‑detection workflows into a single pre‑construction process. Studies show coordinated MEP modeling can slash field RFIs by 30‑50%, while 4D simulations expose sequencing...
Landlords Rush to Act as Rental Reforms Loom
Landlords accelerated eviction activity in March as the UK’s Renters’ Rights Act looms. Possession instructions jumped 60% year‑on‑year while enquiries rose 75%, the steepest monthly increase recorded by Landlord Action. The surge reflects a pre‑emptive shift from Section 21 notices toward...
Hidden Housing Supply: Where Are All the New Homes Going?
New analysis from Alto, using ONS data, shows that only about one in ten newly built homes in England reach the open market in 2024/25. Of roughly 200,000 homes delivered, just 21,261 are listed for sale, with London lagging at...
From Copenhagen to Sunderland
The VELUX Group’s Living Places concept, which blends ultra‑low embodied carbon with health‑focused indoor climate, is moving from Copenhagen prototypes to a real‑world UK pilot. In partnership with Igloo Regeneration, about 50 mixed‑tenure homes will be built on a Sunderland...