Real estate transaction volumes in Asia Pacific hit a historic high of $86 billion in the first half of 2019, an increase of six percent year on year, despite property investment dropping by nineteen percent globally, according to a recent… Read More>>
Wing Tai Chairman Sells SG Home for S$230M and More Asia Real Estate Headlines
Luxury property leads the way in Mingtiandi’s roundup of real estate headlines today with the news that the chairman of a Singapore-listed developer is selling his Singapore bungalow for $167 million, while car-sized living spaces generated revenue of HK$1.67 billion… Read More>>
Commerzbank Sells 71 Robinson Road in Singapore to Sun Venture for S$655M
A unit of Germany’s Commerzbank is selling an office tower in Singapore’s central business district at a 12 percent mark-down, some eleven years after purchasing the 13-storey office tower for S$744 million (now $542.79 million).
Commerz Real has sold 71… Read More>>
JLL Names China Valuation Chief in Singapore
JLL has appointed Singapore-based Joseph Lee as senior director of its China valuation advisory division to drive the growth of its valuation business across Asia Pacific, according to an announcement by the company.
JLL plans to leverage Lee’s experience in… Read More>>
HK Home Sales Fall 48% as Buyers Forfeit Deposits and More Asia Real Estate Headlines
Hammered by typhoons, Hong Kong’s biggest storm might be in the property market as Mingtiandi’s roundup of real estate headlines opens today with news of a 48 percent drop in the city’s home sales this week, as investors abandon purchases,… Read More>>
Allianz, Gaw Pair Up to Buy Singapore’s Duo Complex for S$1.6B
Allianz Real Estate and Gaw Capital have agreed to acquire the Duo Tower and Duo Galleria in Singapore for S$1.6 billion ($1.2 billion), according to a joint announcement by the two companies.
The Munich-based insurer is set to own a… Read More>>
HK’s CSI Pays Triple-Price to Acquire Last Piece of Sheung Wan Tea House Site
CSI Properties has completed the purchase by compulsory sale of a building in Hong Kong’s Sheung Wan area that is home to the sole surviving branch of the Lin Heung Tea House, one of the city’s most famous dim sum… Read More>>
SPH Closes in on A$700M Aussie Retail Acquisition and More Asia Real Estate Headlines
A retail investment in far southern Australia leads Mingtiandi’s roundup of Asia real estate news today as the kingpin of Singapore’s newspaper world continues to find bricks and mortar more compelling than paper and ink as it closes in on… Read More>>
Singapore’s Stamford Land Buys City of London Office for £260M
Stamford Land Corporation has snapped up a commercial building on one of the City of London’s most historic streets, teaming up with a private firm controlled by the chairman of the Singapore-listed company to acquire the asset for £260 million… Read More>>
CBRE Brokers HK$892M Sale of Former Wan Chai Nightclub and More Agency Wins Mingtiandi Broker Battle
The former site of a notorious nightclub in Wan Chai is once again a hub of broker activity this week with CBRE picking up a win with the HK$892 million sale of the space on Jaffe Road.
Also in Hong… Read More>>
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