In today’s roundup of regional news headlines, a Singapore redevelopment project wins a record-setting green loan, Temasek Holdings admits to a $275 million hole in its portfolio after investing in troubled crypto exchange FTX, and mainland developer China Evergrande touts… Read More>>
Blackstone Launches Asia Data Centre Platform With Pair of India Projects
Blackstone on Tuesday announced the launch of its first wholly owned data centre platform in Asia, Lumina CloudInfra, with two large pipeline projects in India, choosing one of 2022’s most resilient property markets as the jumping-off point for an expansion… Read More>>
Xinyuan Property Services Unit Probes Loans After Founders’ Departure From Board
Hong Kong-listed Xinyuan Property Management Service has opened an investigation into RMB 402 million ($56.8 million) in loans that its parent group obtained by pledging bank deposits held by the services unit.
While conducting its year-end asset checking and budgeting… Read More>>
China Home Prices in Steepest Fall Since 2015 and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China’s property crisis drags on as new home prices fall for a 14th month in a row, Beijing-based developer Sunac huddles with creditors to discuss an onshore debt restructuring, and Guangzhou builder Agile… Read More>>
Singapore New Private Home Sales Down 68% in October on Lack of Supply
A shortage of major condo launches dampened Singapore’s new private home sales in October, with transactions plunging 68.4 percent from the previous month to 312 units sold.
Fresh housing curbs imposed by the central bank and a limited supply of… Read More>>
Sun Hung Kai Properties Enters Sole Bid for West Kowloon Commercial Project in Hong Kong
A commercial project in Hong Kong’s West Kowloon area drew just a single bid at a tender held by the local cultural authority, with blue-chip builder Sun Hung Kai Properties making an offer of an undisclosed amount.
A representative for… Read More>>
BDx to Build 100MW Data Centre Campus as Fifth Facility Serving Jakarta
BDx Indonesia has announced plans to develop a 100-megawatt data centre campus near Jakarta as the operator’s fifth server-hosting facility in and around the capital, signalling a robust expansion in the fast-growing market.
Dubbed CGK5, the new data centre is… Read More>>
Country Garden Eyes $493M From Stock Placement and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, mainland developer Country Garden plans a sale of new shares to help mend its finances, Blackstone’s India retail arm reportedly adds an upscale Delhi mall to a forthcoming REIT, and GuocoLand Malaysia swings… Read More>>
Singapore Residential Rental Index Hits 24-Year High as Volume Rebounds
Residential rents rose at the highest rate ever recorded in Singapore during the third quarter, according to a new report by Savills analysing government data.
Leasing rates for landed and non-landed properties in the Little Red Dot surged 10.9 and… Read More>>
Singapore Office Tower on Market for $473M and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a 1970s-era commercial tower heads for collective sale in Singapore, SGX-listed First REIT reportedly targets a portfolio of Aussie healthcare assets, and China’s stimulus measures boost Hong Kong-listed property stocks.
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