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If tariffs begin to impact global businesses adversely, some GCB owners may lower their asking prices — potentially driving more transactions

The two-storey GCB was completed in 2006, has a built-up area of 7,500 sq ft, and sits on a freehold site of 15,072 sq ft

The owners acquired the property for $14 million in September 2010, meaning they are now listing it at a loss of $1.12 mil.

A 1,668 sq ft unit at Pinewood Gardens was sold for $3.72 mil ($2,230 psf) on April 3.

The master-planned development is expected to have a gross development value of THB50 billion ($1.96 billion).

The project recorded the new price high when a 1,841 sq ft, four-bedroom unit on the fifth floor changed hands for $4.88 million on April 1.

They offer the perfect balance between affordability and space

The company says the capital commitments represent approximately $4.9 billion in funds under management.

On a y-o-y basis, investments in 1Q2025 were up 60.1%.

New features at the mall include dining destination Gastro Square and a decommissioned SMRT train cabin that has been repurposed into a hub for sustainability education.

The REIT is expected to recognise a gain on the disposal of the investment of about $100,000.

The site is currently occupied by a single-storey detached house

The appointments come on the back of the company’s focus on strengthening its leadership team and expanding its platform to support continued growth in the region.

Knight Frank has reduced its Singapore factory rental growth forecast for 2025 to between 0% and 2%, down from the 1% to 3% range predicted previously.

The agency aims to increase ERA agents’ per capita income by 40%, lowering agents’ business costs by 40%, increasing the ERA agent headcount in Singapore by 40%, and growing the company’s market share to 40%.

DBS has revised its Singapore property price growth estimates for 2025 to between 0% and 1%, compared to its previous projected range of 1% to 2%.

As at FY2024 ended Dec 31, 2024, CDL’s net gearing stood at 117%, while its net gearing, including fair value on investment properties, stood at 69%.

After five bids and two contenders at auction, the Versace-inspired GCB was sold via private treaty.