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Singapore Trade Union Buys Six Shophouses on Serangoon Road For $48M

2023/01/26 by Beatrice Laforga Leave a Comment

A union affiliated with Singapore’s National Trades Union Congress (NTUC) has purchased a block of six shophouses along Serangoon Road for S$62.5 million ($47.65 million), according to public records seen by Mingtiandi.

The row of two-storey freehold properties at 322-332… Read More>>

A union affiliated with Singapore’s National Trades Union Congress (NTUC) has purchased a block of six shophouses along … Read more>>>

Ronshine chairman and CEO Ou Zonghong

Ronshine China Holdings Defaults on $420M Offshore Bond

Ronshine chairman and CEO Ou Zonghong

2023/01/26 by Christopher Caillavet Leave a Comment

Mainland developer Ronshine China Holdings has defaulted on a $420 million offshore bond, offering a fresh sign that the debt crisis in Asia’s biggest real estate market is far from over.

The Singapore-listed notes, issued in July 2019, carry a… Read More>>

Mainland developer Ronshine China Holdings has defaulted on a $420 million offshore bond, offering a fresh sign that the … Read more>>>

Scott Callon Ichigo

Japan’s Ichigo Office REIT Picks Up Two Fukuoka Office Buildings for $48M

Scott Callon Ichigo

2023/01/25 by Greg Isaacson Leave a Comment

Japanese property and infrastructure company Ichigo Inc. is reshuffling its real estate portfolio, with one of its sponsored funds selling two office buildings to a Tokyo Stock Exchange-listed REIT under its management for a total of JPY 6.25 billion ($48… Read More>>

Japanese property and infrastructure company Ichigo Inc. is reshuffling its real estate portfolio, with one of its … Read more>>>

Straits Developments CEO Eric Teng

Singapore’s Straits Trading Lists Bond Backed by Tokenised Townhouse on SDAX

Straits Developments CEO Eric Teng

2023/01/25 by Beatrice Laforga Leave a Comment

Singapore’s Straits Trading has tokenised a corporate bond linked to a landed home in the city’s posh District 10 through which it can raise up to S$7 million ($5.32 million), marking the conglomerate’s first fractionalised real estate-linked asset listed on… Read More>>

Singapore’s Straits Trading has tokenised a corporate bond linked to a landed home in the city’s posh District 10 … Read more>>>

Lu Zhiqiang China Oceanwide

China Oceanwide Sued by Mainland Bank Over $1B in Loan Guarantees

Lu Zhiqiang China Oceanwide

2023/01/24 by Christopher Caillavet Leave a Comment

China Oceanwide Holdings has fallen foul of China Minsheng Bank, which is suing the cash-strapped builder and its former chairman, Lu Zhiqiang, over a RMB 7 billion ($1 billion) loan dispute centred on the developer’s 88-storey office tower in downtown… Read More>>

China Oceanwide Holdings has fallen foul of China Minsheng Bank, which is suing the cash-strapped builder and its former … Read more>>>

Chinatown Point

Office Floor in Singapore’s Chinatown Point Sold For $13M

Chinatown Point

2023/01/24 by Beatrice Laforga Leave a Comment

An office floor in a commercial block within Singapore’s Chinatown area has changed hands for S$17.38 million ($13.2 million) as investors continue snap up bite-sized opportunities in the city’s office market.

Inter-premium Corporation, a Singapore-registered real estate firm, sold the… Read More>>

An office floor in a commercial block within Singapore’s Chinatown area has changed hands for S$17.38 million ($13.2 … Read more>>>

151 Lor Chuan

Switzerland’s Volare Group Makes Offer for Additional 10% of Sabana REIT

151 Lor Chuan

2023/01/23 by Christopher Caillavet Leave a Comment

Volare Group has made an offer to acquire a 10 percent stake in Sabana Industrial REIT, a deal that would build on the Swiss conglomerate’s current 5.4 percent interest in the Singapore-listed trust.

Volare, whose business lines include real estate,… Read More>>

Volare Group has made an offer to acquire a 10 percent stake in Sabana Industrial REIT, a deal that would build on the … Read more>>>

Robinson Point in Singapore

Viva Land Marketing Singapore Assets at 10% Off After Vietnam Fraud Arrests

Robinson Point in Singapore

2023/01/20 by Beatrice Laforga Leave a Comment

After setting Singapore price records with its purchases of an office tower and a five-star hotel along Robinson Road, Viva Land is seeking to unload both assets for around S$670 million ($506.7 million), according to market sources.

The urgent sale… Read More>>

After setting Singapore price records with its purchases of an office tower and a five-star hotel along Robinson Road, … Read more>>>

Dalian Wanda chairman Wang Jianlin

Wanda’s Wang Jianlin Pledges 65% Stake in Hotel Unit to Secure Temasek Loan

Dalian Wanda chairman Wang Jianlin

2023/01/18 by Christopher Caillavet Leave a Comment

Dalian Wanda Group’s billionaire chairman, Wang Jianlin, has pledged his entire 65 percent stake in the Chinese conglomerate’s hotel division as collateral to secure a loan for another Wanda subsidiary from Singaporean state holding firm Temasek.

Companies controlled by Temasek… Read More>>

Dalian Wanda Group’s billionaire chairman, Wang Jianlin, has pledged his entire 65 percent stake in the Chinese … Read more>>>

Southpoint Tanjong Pagar

Office Units in Singapore’s Tanjong Pagar Sell for $25M in Record-Breaking Deal

Southpoint Tanjong Pagar

2023/01/18 by Christopher Caillavet Leave a Comment

A mere month after an Orchard Road commercial building set a new city-wide mark, an office tower in downtown Singapore has recorded its highest-ever price paid per square foot after a set of strata units in the building sold for… Read More>>

A mere month after an Orchard Road commercial building set a new city-wide mark, an office tower in downtown Singapore … Read more>>>

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