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Ascott chief executive officer Kevin Goh

CapitaLand’s Ascott Buying Oakwood Serviced Apartment Business From Mapletree

Ascott chief executive officer Kevin Goh

2022/07/04 by Beatrice Laforga Leave a Comment

Singapore’s The Ascott Ltd is buying serviced residence provider Oakwood Worldwide from Mapletree Investments for an undisclosed amount in a move that would boost its management portfolio by 11 percent with the addition of 81 accommodations globally, the firm announced… Read More>>

Singapore’s The Ascott Ltd is buying serviced residence provider Oakwood Worldwide from Mapletree Investments for an … Read more>>>

Du Shuanghua Bright Ruby

NTUC Selling 16 Collyer Quay in Singapore to China’s Bright Ruby for $717M

Du Shuanghua Bright Ruby

2022/07/01 by Beatrice Laforga Leave a Comment

Bright Ruby Resources, an investment firm backed by Chinese billionaire Du Shuanghua, has won the tender for 16 Collyer Quay, picking up the Raffles Place office tower from NTUC Income for approximately S$1 billion ($717.2 million), according to multiple sources… Read More>>

Bright Ruby Resources, an investment firm backed by Chinese billionaire Du Shuanghua, has won the tender for 16 Collyer … Read more>>>

ivan ho kailong

Kailong Group Puts 5 Commercial Assets on the Market for Combined $302M

ivan ho kailong

2022/06/30 by Pawara Laothamatas Leave a Comment

Kailong Group has put a total of five Hong Kong commercial assets on the market within the past two months, with the disposals to total as much as HK$2.37 billion ($302 million), should the fund manager succeed in finding a… Read More>>

Kailong Group has put a total of five Hong Kong commercial assets on the market within the past two months, with the … Read more>>>

wilson leung Angelo Gordon

Angelo Gordon JV Closes in on $570M Sale in Singapore’s Bugis Area 

wilson leung Angelo Gordon

2022/06/29 by Beatrice Laforga Leave a Comment

Singapore’s office market continues to heat up with two towers in the city-state’s downtown area nearing sales at a combined S$790 million ($570 million), including a property in the Bugis area which Sun Venture is close to buying from an… Read More>>

Singapore’s office market continues to heat up with two towers in the city-state’s downtown area nearing sales at a … Read more>>>

Catherine Melvin ERS

KKR Gets $50M From Texas ERS for Asia Pacific Infrastructure Fund

Catherine Melvin ERS

2022/06/29 by Christopher Caillavet Leave a Comment

Private equity giant KKR has received a $50 million capital commitment to its new Asia Pacific infrastructure strategy from the Employees Retirement System of Texas, as real estate fund managers continue to rake in cash from state institutions in the… Read More>>

Private equity giant KKR has received a $50 million capital commitment to its new Asia Pacific infrastructure strategy … Read more>>>

Lin Ho Man

Evergrande to ‘Vigorously’ Fight Winding-Up Petition Filed by Disgruntled Investor

Lin Ho Man

2022/06/28 by Beatrice Laforga Leave a Comment

Heavily indebted China Evergrande is fighting a winding-up petition filed by an investor in the developer’s Fangchebao online platform as the firm readies its restructuring plan, according to a Hong Kong stock filing on Tuesday.

“The company will oppose the… Read More>>

Heavily indebted China Evergrande is fighting a winding-up petition filed by an investor in the developer’s Fangchebao … Read more>>>

Sunac Sun Hongbin

Sunac Meets Investors to Seek Second Extension on $600M in Domestic Bonds

Sunac Sun Hongbin

2022/06/28 by Beatrice Laforga Leave a Comment

Sunac China Holdings is asking holders of RMB 4 billion ($600 million) of its domestic notes to accept a second rescheduling of payments as the mainland developer struggles to raise cash due to weak sales.

Representatives of Sunac Real Estate,… Read More>>

Sunac China Holdings is asking holders of RMB 4 billion ($600 million) of its domestic notes to accept a second … Read more>>>

Albert Yeung Emperor International

Deep Water Bay Home Sells for $111M in Hong Kong’s Priciest Deal This Year

Albert Yeung Emperor International

2022/06/28 by Pawara Laothamatas Leave a Comment

A luxury villa in Hong Kong Island’s Deep Water Bay sold on Sunday for HK$870.2 million ($110.8 million), according to public records, in the city’s priciest residential transaction this year.

With the market for Hong Kong high-end housing continuing to… Read More>>

A luxury villa in Hong Kong Island’s Deep Water Bay sold on Sunday for HK$870.2 million ($110.8 million), according to … Read more>>>

Agile Group chairman Chen Zhuolin (Source: Getty Images)

China’s Agile Gets Mezzanine Loan From Hong Kong Tycoons at 20%

Agile Group chairman Chen Zhuolin (Source: Getty Images)

2022/06/27 by Mingtiandi Team Leave a Comment

China’s 28th-largest developer is borrowing money at credit card interest rates as it struggles with declining sales and $1.16 billion in bond obligations due in the second half of this year.

Guangzhou-based Agile Group informed the Hong Kong exchange late… Read More>>

China’s 28th-largest developer is borrowing money at credit card interest rates as it struggles with declining sales and … Read more>>>

Boustead chairman John Lim Kok-Min

Boustead Projects JV Picks Up Sin Capital’s Orchard Road Tower for $371M

Boustead chairman John Lim Kok-Min

2022/06/25 by Christopher Caillavet Leave a Comment

A joint venture led by developer Boustead Projects has agreed to acquire a mixed-use building near Singapore’s swanky Orchard Road for S$515 million ($371 million), taking advantage of a distressed-asset sale to pick up a prime property at a discount.

… Read More>>

A joint venture led by developer Boustead Projects has agreed to acquire a mixed-use building near Singapore’s swanky … Read more>>>

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