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Beatrice Laforga

LIberty House Club Street

Chinese Investor Buys Office Block in Singapore’s Chinatown For $70M

2023/04/16 by Beatrice Laforga Leave a Comment

A Chinese investor has purchased an office block in Singapore’s Chinatown from Liberty Insurance Singapore for 23 percent below the property’s original asking price, as mid-size acquisitions by wealthy individuals play a growing role in the city-state’s investment market.

A… Read More>>

David Loh Kim Kang Centurion

Singapore’s Centurion Sells Seoul Student Housing Asset to Exit South Korea

2023/04/16 by Beatrice Laforga Leave a Comment

Singapore-based Centurion Corp has sold off its sole student housing property in South Korea in a deal valued at KRW 21.25 billion ($16 million), as the rental residential specialist narrows the scope of it student accommodation strategy.

Centurion, together with… Read More>>

Quek Leng Chan

Cautious Bidding Predicted for Singapore Site as URA Accepts Bargain Lentor Tender

2023/04/13 by Beatrice Laforga Leave a Comment

Singapore’s Urban Redevelopment Authority (URA) has launched a tender for a sixth residential plot in an emerging estate in Ang Mo Kio, with the government confirming the upcoming sale of its latest Lentor Central site just one day before finalising… Read More>>

26 Chin Bee Drive Singapore

ARA-Kenedix JV Buys Iron Mountain Warehouse in Singapore’s Jurong West For $35M

2023/04/11 by Beatrice Laforga Leave a Comment

After starting March with an investment in Singapore’s Lazada One office building, ESR’s ARA Asset Management teamed up with its Japanese joint venture, Kenedix, for a second time last month to acquire an industrial building in the city-state’s Jurong West… Read More>>

GuocoLand-Hong Leong JV Sole Bidders as Singapore Site Draws $367M Record Low Offer

2023/04/05 by Beatrice Laforga Leave a Comment

A joint venture between Malaysia’s GuocoLand and its Singapore cousins at Hong Leong Holdings placed the sole bid in a government tender for a residential plot in the northern part of Singapore’s Ang Mo Kio area, with the low-ball S$486.8… Read More>>

Terra Hill Singapore

Singapore Private Home Prices Jump 3.2% in Q1, Up 28% Since 2020

2023/04/03 by Beatrice Laforga Leave a Comment

Singapore private housing prices rose for a 12th straight quarter during the period from January through March, with the cost of buying a new home jumping 3.2 percent from the final months of 2022, according to preliminary government statistics released… Read More>>

Singapore Luxury Home Site Sold for $46M With Proceeds Going to Charity

2023/03/31 by Beatrice Laforga Leave a Comment

The family of Singaporean singer-songwriter Dick Lee has sold a set of three stand-alone homes on the city-state’s upscale Chancery Hill Road to local homebuilder Sustained Land, which is expected to develop new landed homes on the site.

Sustained Land,… Read More>>

Chen Hongtian of Cheung Kei

Creditors Seize Cheung Kei Hong Kong HQ, Chairman’s Luxury Homes

2023/03/30 by Beatrice Laforga Leave a Comment

China’s Cheung Kei Group is adding to the grand mainland investor fire sale in Hong Kong with market sources confirming that the group’s corporate headquarters in Kowloon is being repossessed by Hang Seng Bank, while two luxury residences belonging to… Read More>>

5 Churchill Place

China’s Cheung Kei Scrambling to Sell London Office Assets as Debt Deadline Looms 

2023/03/30 by Beatrice Laforga Leave a Comment

Mainland property investor Cheung Kei Group is struggling to offload a pair of office buildings on London’s Canary Wharf as media reports emerge that the Shenzhen-based firm has already defaulted on a loan backed by one of the two properties,… Read More>>

Gamuda founder and managing director Lin Yun Ling

Malaysia’s Gamuda Leading $316M Buy of Deutsche Bank London HQ From China’s CIC

2023/03/28 by Beatrice Laforga Leave a Comment

A Malaysian conglomerate is betting it can make a quick ringgit in a depressed London office market with Gamuda Berhad announcing on Monday that it has teamed up with UK investment manager Castleforge Partners to acquire Deutsche Bank’s UK headquarters… Read More>>

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