Asia Pacific real estate investment news and information
China Aoyuan Group has agreed to sell a 29.9 percent stake in its property management unit for HK$256 million ($32.6 million), as the Guangzhou-based developer continues to unload assets after defaulting on $1.09 billion in offshore debt last year.
Aoyuan… Read More>>
After two deadline extensions, Gordon and Celine Tang have hit the magic number in their take-private bid for Singapore-listed Chip Eng Seng, with the mainland money managers securing acceptances from more than 90 percent of the builder’s shareholders by the… Read More>>
In today’s roundup of regional news headlines, WeWork reports a quarterly loss nearly $200 million greater than what analysts predicted as the flexible office giant’s long-promised profitability remains far off.
WeWork Misses Analyst Views With $527M Q4… Read More>>
China Evergrande on Wednesday chided three former executives for their roles in a scheme in which loans secured by pledge guarantees were transferred and diverted back to the debt-saddled developer via 36 unnamed third parties and used for general operations.
Commercial property investment in Asia Pacific totalled $32.6 billion in the fourth quarter of 2022, plunging 52 percent year-on-year, as interest rate hikes and uncertainty about the pricing outlook took a toll, according to MSCI Real Assets.
The investment figure… Read More>>
Savills has named Annie Woo as its regional director and head of integrated real estate advisory services for Asia, based in Singapore.
IREAS is a new Savills service line dedicated to a wide spectrum of urban development and optimisation advisory… Read More>>
In today’s roundup of regional news headlines, Singapore’s GIC says it’s still looking to invest in China after a report said it was pausing activity in the country, while South Korea’s sovereign wealth fund reports a record yearly loss.
Developers sold 391 homes in Singapore last month, more than doubling the 170 units transacted in December but still lower than the January 2022 total, according to data from the Urban Redevelopment Authority.
Sales of new private homes (excluding executive… Read More>>
China Fortune Land Development has become the latest mainland builder to suffer from an acute case of director disappearance after the former top 10 developer said it received notice that Meng Jing, a CFLD director and co-president, was detained by… Read More>>
JLL has named longtime executive Nihat Ercan as CEO of the consultancy’s Asia Pacific hotels and hospitality group, succeeding Mike Batchelor.
The appointment took immediate effect last Friday, upon which Ercan assumed responsibility for overseeing the hotel platform’s investment sales,… Read More>>
