Asia Pacific real estate investment news and information
GuocoLand’s full-year profit fell 47 percent on lighter investment gains and rising financial costs, but revenue surged 60 percent as the company began recording rental income from the Guoco Midtown office tower.
The Singapore development arm of Malaysia’s Hong Leong… Read More>>
Country Garden’s scramble to make good on debts continued Wednesday, with the Chinese homebuilder agreeing to sell HK$270 million ($34.4 million) in new shares to Kingboard Holdings in order to make a loan payment to the Hong Kong-based laminates maker… Read More>>
In today’s roundup of regional news headlines, furniture giant Ikea pledges a substantial investment in China over three years, and Guangzhou takes cues from the central government with a planned relaxation of mortgage rules. Also, several Chinese banks are reportedly… Read More>>
A fund managed by Morgan Stanley Real Estate Investing has partnered with Indian industrial builder Prakhhyat Group to develop a logistics project in Bhiwandi, near Mumbai.
The warehouse will span 700,000 square feet (65,032 square metres) at Prakhhyat Group’s K… Read More>>
Kerry Properties posted a 37 percent year-on-year drop in first-half profit, as the builder controlled by the family of Shangri-La Hotel tycoon Robert Kuok saw results moderate after exceptional gains from selling two Hong Kong warehouses in the prior-year period.
In today’s roundup of regional news headlines, once-mighty Country Garden manoeuvres to extend a maturing onshore bond, and Hong Kong home prices sag for a third month in a row. Also making the cut are a hedge funder’s luxe Shanghai… Read More>>
Hotel Properties Ltd, the builder controlled by billionaire Ong Beng Seng, has secured provisional permission from Singapore’s Urban Redevelopment Authority to transform a set of Orchard Road buildings into a mixed-use project with hotel, retail, office and residential components.
The… Read More>>
China Evergrande’s Hong Kong-listed shares began trading Monday for the first time since March of last year, but the moment failed to translate to momentum as the defaulted developer’s stock dropped 79 percent in price to end the session at… Read More>>
In today’s roundup of regional news headlines, Chinese authorities roll out fresh measures to encourage homebuying, with Shanghai officials reportedly considering a toned-down stimulus package for the megacity. Also on the list are Country Garden’s disposal of a project stake… Read More>>
Asian private equity major PAG has agreed to acquire buyout giant KKR’s controlling interest in Australian Venue Co, an operator of pubs, restaurants and event spaces, for an undisclosed amount.
AVC owns and operates a portfolio of more than 210… Read More>>
