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Charles McDermid

Tricia Song Colliers

Singapore Home Prices To Drop For First Time Since 2016 As Recession Nears

2020/04/01 by Charles McDermid Leave a Comment

A flash estimate by the Singapore government has shown a 1.2 percent decline in the private residential property index, with experts predicting home prices to fall further as the city enters its first recession in two decades.

The Urban Redevelopment… Read More>>

Heng Swee Keat

Singapore Developers Welcome S$48.5B COVID-19 Relief Package

2020/03/27 by Charles McDermid Leave a Comment

Singapore developers, REITs and property analysts have thrown support behind the city’s new Resilience Budget, a S$48.5 billion ($34 billion) COVID-19 stimulus package that includes a 100 percent property tax rebate for qualifying commercial properties.

Minister for Finance Heng Swee… Read More>>

sun hongbin

Sunac China Defies Downturn, Reports 57% Leap in Profit for 2019

2020/03/27 by Charles McDermid Leave a Comment

Sunac China has declared an increase in annual profit of more than 57 percent, as the Tianjin-based developer capitalized on credit made available by Beijing to grow during an economic downturn.

In a report on Friday to the Hong Kong… Read More>>

SOHO Chairman Pan Shiyi

Soho China Posts 31% Drop in Profit as Blackstone Talks Loom

2020/03/26 by Charles McDermid Leave a Comment

Soho China, a mainland developer reported to be the subject of buyout talks with US giant Blackstone, reported a 31 percent drop in profit from its core business in 2019, citing lower revenue after the company had sold off assets… Read More>>

Nelson Wong JLL

Hong Kong Office Rents Fell 2.2% in February as COVID-19 Rocks Property Market

2020/03/26 by Charles McDermid Leave a Comment

The COVID-19 pandemic continues to batter Hong Kong real estate, with rents in the world’s most expensive office spaces suffering the steepest month-on-month drop in more than a decade, according to a report this week by JLL.

The property consultancy… Read More>>

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People in the News

Asia Real Estate People in the News 2023-01-23

Liu Weiliang Zhenro

An ailing mainland developer leads this week’s set of personnel moves from around Asia, as a new chairman takes over at … Read More>>

JLL Hires Paul Davis, Shai Greenberg to Lead Japan International Capital Division

Paul Davis JLL

JLL has beefed up its Japan capital markets team with the hiring of Paul Davis and Shai Greenberg to serve as co-leads … Read More>>

Japan’s Nikota Capital Launches Real Estate Brokerage Arm

Craig Pearce Nikota Capital

Tokyo-based Nikota Capital has established Nikota Realty as a real estate brokerage division to help individual … Read More>>

Frasers Promotes Eric Gan to FHT CEO as Eu Chin Fen Takes Over Hospitality Division

Eric Gan FHT

Following the failed privatisation of Frasers Hospitality Trust last September, sponsor Frasers Property has made a … Read More>>

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