PGIM Real Estate has sold three more floors in a downtown Singapore office project to near a sell-out of the property near Tanjong Pagar.
The US investment manager sold the 14,252 square feet (1,324 square metres) of space for a… Read More>>
Goldman Sachs, PAG, Gaw in Talks to Sell Shanghai Property for Less Than Mortgage Balance
Investors including Gaw Capital Partners, PAG and the merchant banking arm of Goldman Sachs are set to dispose of a commercial complex on Shanghai’s famed West Nanjing Road for less than the loan balance owed on the property as the… Read More>>
Centaline Launches Hong Kong Student Housing Platform Led by Kowloon Hotel Conversion
Centaline Group has established a student housing operating platform in Hong Kong, as the local property agency seeks to capitalize on rising demand for accommodation from mainland Chinese students.
Branded CampusOne Communities, the platform aims to assist asset owners in… Read More>>
Nepali Tycoon Buys Singapore Shophouse Hotel From Garcha Group for $62M
Upscale hotels fashioned from conserved Singapore shophouses continue to attract Asia’s ultra-wealthy, with a Nepali tycoon picking up a hostelry in the Tanjong Pagar area for S$80 million ($61.8 million)
Lotus One Investment, a private company controlled by Chandra P… Read More>>
Trade War Spurs Asia Supply Chain Diversification Says Equalbase: MTD TV
Recent disruptions from trade wars and tariff talks have not changed the long-term transition of global supply chains toward a more inventory-heavy strategy which places greater value on logistics to mitigate risks, executives from logistics builder and fund manager Equalbase… Read More>>
Hong Kong Tycoon’s Heirs Marketing Offices in The Center at 43% Off
Heirs to the fortune of Hong Kong’s late “Minibus King” have dropped their price for two units in The Center, marking a record low for what was once Hong Kong’s most expensive office building.
Two units on the 27th floor… Read More>>
‘Bargain Hunter’ to Swallow Loss on Renovated Wan Chai Tower
Another Hong Kong property developer is ready to swallow a loss amid the ongoing slump in asset prices in the city, seeking to sell his 19-floor holding in a Wan Chai office building for around 10 percent less than he… Read More>>
Hong Kong Home Prices Fall to 9-Year Low as Trade War Dims Outlook
Hong Kong home prices fell for a fourth straight month in March, dropping 0.49 percent from February to drag an official index to the lowest level in nearly nine years despite a rebound in transactions.
Home prices fell 7.8 percent… Read More>>
Shanghai Office Rents Slide For 12th Straight Quarter
With nearly a quarter of the city’s space standing empty, grade A office rents in Shanghai fell for a 12th straight quarter in the first three months of this year, as international firms pull back on leasing and local demand… Read More>>
Office Floor in Hong Kong’s Admiralty District Sells for 17-Year Low
An office floor in Hong Kong’s Admiralty district has sold for a price not seen since the global financial crisis of 2008, as commercial property values in the Asian business hub continue to plummet.
Financially troubled property investor Gale Well… Read More>>