In today’s roundup of regional news headlines, a tiff over fees prompts the exit of Shimao Services’ auditing firm, and analysts say sales of new homes in Hong Kong could soar this year as rate hikes ease and cross-border traffic… Read More>>
PwC Resigns as Evergrande Auditor Over Gaps in Financials
PricewaterhouseCoopers has stepped down as auditor of China Evergrande’s books, citing the failure of the troubled developer to provide information related to its still-unreleased 2021 annual results.
The Big Four accounting firm said it was left in the dark when… Read More>>
Japan’s Nikota Capital Launches Real Estate Brokerage Arm
Tokyo-based Nikota Capital has established Nikota Realty as a real estate brokerage division to help individual investors buy and sell apartments, houses and land in Japan.
Focused on the areas of central Tokyo, Niseko and Nagano, Nikota Realty is led… Read More>>
China Property Investment Tumbled 10% Last Year and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China reports an exceedingly rare decline in property investment for the whole of 2022, and Singapore’s residential rents are seen continuing their surge this year.
China Property Investment Falls for… Read More>>
Singapore Private Home Sales Hit Nearly 14-Year Low Amid Launch Lull
Developers sold a mere 170 new private homes in Singapore last month, the lowest monthly tally since 108 units were transacted in January 2009, according to government data released Monday.
The anaemic sales figures, which were updated by the Urban… Read More>>
Frasers Promotes Eric Gan to FHT CEO as Eu Chin Fen Takes Over Hospitality Division
Following the failed privatisation of Frasers Hospitality Trust last September, sponsor Frasers Property has made a change at the top with the appointment of Eric Gan as CEO of the Singapore-listed REIT’s managers, succeeding Eu Chin Fen.
Eu in turn… Read More>>
Mapletree Logistics Trust Selling Malaysia Sheds and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Mapletree Logistics Trust plans to raise some quick cash from the disposal of two warehouses in Malaysia, where the state’s largest pension fund is also eyeing asset sales.
Mapletree Logistics… Read More>>
Temasek-Backed STT GDC Eyes $1B IPO and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore’s ST Telemedia Global Data Centres reportedly contemplates an initial public offering, Dalian Wanda’s services unit scores a big offshore loan, and Kaisa Group is taken to court in New York over missed… Read More>>
PAG Raises Additional $270M for Third Pan-Asian Real Estate Fund
PAG has raised a further $270 million for its third pan-Asian core-plus/value-add real estate fund, according to a filing with the US Securities and Exchange Commission.
The Hong Kong-based private equity firm received its latest commitment to PAG Real Estate… Read More>>
PAG, Mapletree Confirm $713M Buy of Hong Kong’s Goldin Financial Global Centre
PAG and Mapletree Investments said Thursday that they have agreed to form a joint venture to acquire Hong Kong’s Goldin Financial Global Centre from the property’s receivers for HK$5.6 billion ($713 million), confirming a Mingtiandi report from last month.
The… Read More>>
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