Developer Wing Tai Holdings is backing out of a deal to acquire a residential project in Singapore’s Holland Village area, saying that conditions for completion of the deal signed by its Wincove unit in March had not been met.
“The… Read More>>
Singapore Home Prices Dip for First Time in Three Years as Supply Rebounds
The first dip in Singapore’s housing market in three years was confirmed on Friday when the city-state’s government released official figures showing that average prices for new private homes dropped 0.2 percent in the second quarter, compared to the first… Read More>>
Evergrande Car Unit Slides 69% as Trading Resumes and More Asia Real Estate Headlines
Evergrande may have flunked out of the electric vehicle competition, but it was stuck this week with a $2.8 billion tuition bill, per a story that leads today’s roundup of real estate news from around the region. Also in the… Read More>>
China’s Sino-Ocean Asks for Extension on $1.8B in Bonds to Stave Off Default
Sino-Ocean Group is appealing to creditors for more time to meet payments coming due by 5 August on $1.8 billion in offshore bonds, according to a statement to the Hong Kong exchange late on Wednesday, as the mainland developer faces… Read More>>
HSBC Raises Hong Kong Prime Rate After Fed Hike and More Asia Real Estate Headlines
The rising price of borrowing leads today’s roundup of regional real estate news as Hong Kong’s largest bank raises interest rates to a 16-year high. Also in the headlines today, a pair of shophouses has changed hands in Singapore’s Serangoon… Read More>>
Asia Real Estate People in the News 2023-07-24
In this week’s look at human resources happenings in Asia’s real estate industry, the manager of a Singapore-liste REIT is looking for a new CEO, a senior member of Hong Kong’s billionaire Chiu family gets a title upgrade, and Lai… Read More>>
Warburg Pincus Asia Real Estate Head Jeffrey Perlman Promoted to Global President
A US private equity giant is turning to Asia as it upgrades its management team, with Warburg Pincus today announcing that it will promote Jeffrey Perlman to president.
“Jeff is at the core of a very talented next generation of… Read More>>
Asia Real Estate People in the News 2023-07-17
A senior Singapore investment executive leads this week’s round of personnel moves from around the region with a potential shift from the financial to the political realms. Also making the list, a Shenzhen developer gives his son an upgrade and… Read More>>
Tech Survey Gauges AI-Readiness in Asia’s Real Estate Industry
ChatGPT launched in November last year and by January the AI-powered software had become the fastest-growing consumer software application in history, according to figures from UBS, with the rapid adoption of the program raising fresh interest in applying artificial intelligence… Read More>>
Asia Real Estate People in the News 2023-07-10
Some new management at Singapore’s sovereign wealth fund leads this week’s set of real estate personnel moves from around Asia, as well as an executive from APG leaving Hong Kong for the Lion City. Also making the list is some… Read More>>
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