Delfi Orchard and Tanglin Shopping Centre were sold. In the past two years, significant shifts have occurred along Singapore’s Orchard Road, marked by the sales of key properties such as Delfi Orchard, Ming Arcade, and Tanglin Shopping Centre.
In the past two years, significant shifts have occurred along Singapore’s Orchard Road, marked by the sales of key properties such as Delfi Orchard, Ming Arcade, and Tanglin Shopping Centre. These sales signify a rejuvenation strategy for the area, poised to reshape its landscape and investment appeal.
Lake pointed out the differences in asset management and investment yields between the two, noting that retail properties often come with higher yields but require a more sophisticated management approach. Moreover, Lake discussed the contrasting investment strategies between suburban and city retail properties. Unlike the redevelopment-focused purchases on Orchard Road, suburban malls are primarily acquired for their existing income potential, often yielding returns in the four to four and a half percent range initially, with the prospect of capital appreciation over time.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Orchard Road rejuvenation gets shot in the arm from Delfi Orchard saleURA’s Strategic Development Incentive scheme received nine applications, of which six were supported.
Read more »
CDL unit acquires Delfi Orchard for $439mpstrongSavills sold the property via public tender./strong/p pCity Developments Limited (CDL) unit, CDL Draco Pte. Ltd., acquired Delfi Orchard at 402 Orchard Road for $439m./p pSavills sold the property via public tender, which closed on 27 May.
Read more »
Singapore studs replace Thai hunks at new Mr Mookata restaurant at Tanglin RoadPatrons who were hoping to catch a glimpse of the viral Thai hunks at the opening of Mr Mookata's new restaurant at Tanglin Road were sorely disappointed when the restaurant announced the four men had been denied entry into Singapore.
Read more »
Orchard Road to get virtual twin to woo younger shoppersAlteredverse has teamed up with SLA and ITE to create a virtual replica of the shopping belt.
Read more »
Orchard Road, Chinatown, Sentosa among 30 locations given AR makeover on Google MapsOnly Singapore and Paris have been selected for this pilot feature, said Google and STB.
Read more »
Cyclist runs red light at pedestrian crossing, gives motorist the finger after being honked at in TanglinA cyclist was caught on camera running a red light at a pedestrian crossing when people were using it outside the Grace Assembly of God church at Tanglin Road on the evening of May 3. The cyclist then gave a motorist the finger after getting honked at near the junction of Tanglin Road and Alexander Road.
Read more »