Wing Tai Holdings has won a tender for the collective purchase of a residential building in Singapore’s posh Holland Village area for S$76.3 million ($56.8 million), with the developer planning to remake the site into luxury housing as the city-state’s… Read More>>
Singapore New Home Sales Up 9.9% in February, Driven by Terra Hill Launch
Developers sold 432 new private homes in Singapore last month, up from 393 units transacted in January but down from 542 that changed hands a year earlier, according to data from the Urban Redevelopment Authority.
February’s 9.9 percent monthly rise,… Read More>>
China Home Sales Show Turnaround Potential and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China flashes hopeful signs that its long slump in home sales is nearing an end, Mirae Asset Management may soon add a Singapore REIT to its business and India’s Welspun One Logistics Parks… Read More>>
Singapore Releases New Residential Sites as Housing Market Stays Hot
The Singapore government on Tuesday released two residential development sites capable of delivering a total of 1,540 private homes, as officials look to boost housing supply in a city-state reeling from runaway housing prices.
In a set of coordinated moves,… Read More>>
Brookfield, LaSalle, Vlinker Lead Greater China Multi-Family Panel on Thursday
Greater China’s multi-family sector enjoyed its biggest year ever in 2022 in terms of trading in investment properties, and the momentum is set to continue with help from three industry players who will take part in Thursday’s session of the… Read More>>
Malaysia’s Sunway REIT Mulls Buy of EPF Malls and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Sunway REIT confirms reports that it’s nearing a deal to buy retail assets from Malaysia’s Employees Provident Fund, and the Silicon Valley Bank failure is seen giving an indirect lift to Hong Kong’s… Read More>>
CIFI Looks to Sell Shanghai Headquarters, Warns of $2B Full-Year Loss
CIFI Holdings is shopping some of its most high-profile real estate assets in its Shanghai hometown, including its headquarters building held with joint venture partner Henderson Land, as the cash-strapped builder warns of a multibillion-dollar loss in its full-year financial… Read More>>
Jingrui Selling Shanghai Commercial Building to China Construction Bank for $19M
Jingrui Holdings has agreed to sell a commercial building in Shanghai’s Xuhui district to state-owned China Construction Bank for RMB 132.4 million ($19.2 million), as the mainland developer continues to unload assets after a recent default on offshore debt.
Jingrui… Read More>>
Country Garden Warns of $1B Loss and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, mainland property giant Country Garden foresees a $1 billion loss in its 2022 annual report, and Singapore-listed EC World REIT responds to questions about its balance sheet.
Country Garden Sees… Read More>>
Stock Plunge Greets Release of Kaisa’s Loss-Making 2021 Results as Trading Resumes
Mainland builder Kaisa Group Holdings posted a loss of RMB 13.3 billion (now $1.9 billion) in its long-delayed 2021 annual report released Thursday, sending shares tumbling when they resumed trade Friday morning after a suspension since last April.
The red… Read More>>
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