Less than a week after a joint venture between City Developments Ltd and Mitsui Fudosan of Japan captured a residential project in Singapore’s upscale District 10 with a below-market bid, an unnamed developer has made an offer on an adjacent… Read More>>
Hong Kong Accounting Watchdog Launches Probe of PwC Role at Evergrande
Hong Kong regulators have opened an investigation into PricewaterhouseCoopers and its relationship with China Evergrande, with the inquiry coming on the heels of reports that mainland authorities are probing PwC’s role in dodgy bookkeeping at the bankrupt developer.
The Accounting… Read More>>
Banks Chase Cheung Kei Boss for $200M in Overdue Loan Payments
Mainland tycoon Chen Hongtian has received demands from a pair of banks to repay more than HK$1.6 billion ($200 million) in overdue loans and interest charges, according to a media account, as liquidators continue to market global properties linked to… Read More>>
Michael Bowens Joins CBRE in Singapore as Head of Industrial and Logistics for APAC
CBRE has appointed Michael Bowens as head of industrial and logistics for its Asia Pacific advisory and transaction services practice, according to a release by the consultancy on Monday.
Based in Singapore, Bowens is responsible for developing CBRE’s growth strategy… Read More>>
Singapore Developer’s Adelaide Plans Under Fire and More Asia Real Estate Headlines
Plans by Singapore developer Wee Hur to knock down a 171-year-old Adelaide hotel are the target of a local petition drive, with that story leading Mingtiandi’s real estate headlines from around the region today. A mainland developer financial failure also… Read More>>
Korea Deal Streak Continues as Hanwha Sells Gangnam Office Building for $242M
Korea’s Hanwha Asset Management has sold an office tower in Seoul’s Gangnam business district for $242 million as the Korean capital continues to rank among Asia’s regional hotspots for commercial property transactions.
The Seoul-based investment manager agreed last month to… Read More>>
KKR Sells Coupang Warehouse Near Seoul to Korea’s IGIS for Over $366M
KKR has sold a recently completed Seoul-area warehouse leased to Korea’s largest e-commerce player for a reported KRW 500 billion ($366.4 million), as online shopping continues to gain traction in the northern Asian country.
The US private equity giant sold… Read More>>
GuocoLand-Hong Leong Lentor JV Leads Singapore Home Sales Rebound in March
New private home sales in Singapore climbed 46 percent year-on-year to 718 units in March, snapping two months of decline as a new project by GuocoLand and Hong Leong Holdings accounted for nearly 57 percent of the monthly total.
Lentor… Read More>>
Temasek Expands European Presence with Paris Office and More Asia Real Estate Headlines
Singapore’s growing interest in continental Europe leads today’s real estate headlines from around Asia as Temasek Holdings opens in Paris. Also in the news, the Lion City’s Elite Commercial REIT is rebranding and expanding its investment focus and India’s K… Read More>>
Mainland Investor Du Shuanghua Backs Out of Singapore’s Biggest Property Deal of 2023
Chinese-backed investor Bright Ruby Resources has walked away from the largest property deal signed in Singapore during 2023, cancelling its planned S$908 million ($668 million) purchase of a shopping mall on Orchard Road after failing to win government approval to… Read More>>
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