Singapore home sales lead the way in Mingtiandi’s roundup of Asia real estate headlines today after deals for new housing took a 30 percent jump, while a Chinese e-commerce giant and a large mainland developer are among the shortlisted bidders… Read More>>
Trumps Sell Beverly Hills Mansion to Indonesian Business Partner in $13.5M Off-Market Deal
A company controlled by the family of the US president Donald Trump has sold a 5,400 square foot Beverly Hills mansion to a corporate entity linked to the scandal-plagued politician’s Indonesian billionaire business partner for $13.5 million, according to accounts… Read More>>
LaSalle Set to Open Five New China Logistics Facilities in 2020
LaSalle Investment Management has broken ground on five new logistics developments that will deliver 359,000 square metres of new warehouse space to China by July next year, according to an announcement by the company.
The set of high-spec sheds will… Read More>>
Mainland Home Prices Rise as HK Goes Quiet and More Asia Real Estate Headlines
Housing markets lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that home prices grew at their fastest pace in nearly half a year on China’s mainland, at the same time that sales in… Read More>>
WeWork Said Planning to Buy Back India Business for $1.9B
US co-working unicorn WeWork is planning to take majority control of its India affiliate in a deal worth $1.9 billion which would allow the shared-office operator to consolidate its operations, and its financial results, in preparation for an initial public… Read More>>
ESR REIT Launches S$270M SG Expansion, New Equity Sale Days After IPO Scrubbed
Four days after ESR Cayman backed away from an impending $1.4 billion IPO, the warehouse developer’s Singapore affiliate today unveiled a trio of initiatives aimed at expanding its presence in Southeast Asia’s wealthiest city.
In a set of early morning… Read More>>
Asia Real Estate People in the News 2019-06-17
In this week’s edition of People in the News, a GIC veteran leaves the sovereign wealth fund for a private equity role, while the investment wing of the UK’s biggest property agency adds some talent in Singapore and Dalian Wanda’s… Read More>>
Steak House Carves 80% Off Queen’s Road Lease and More Hong Kong Real Estate Headlines
With anti-extradition law protests rocking the core of Hong Kong, the property market in the world’s least affordable place to live has gone quiet in the past week.
With activity slowing, a US steak house has found a spot in… Read More>>
Mainland Home Rental Platform Ziroom Raises $500M From General Atlantic, Tencent, Sequoia
China’s rental housing market continues to attract venture capital investment with one of the industry’s largest players said to have raised $500 million in new financing.
Ziroom, the country’s first rental housing unicorn, is reported to be completing a $500… Read More>>
Landlords Accuse CITIC-Backed Proptech Platform of Not Paying Rent
China’s property innovators are hitting the headlines again this month as a property marketing and management platform tied to one of the country’s biggest investment conglomerates is reported to have defaulted on its financial commitments.
A long-term rental housing business operated… Read More>>
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