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Kwek Leng Beng

Singapore’s CDL Predicts 2020 Loss, Further Hotel Woes Next Year

Kwek Leng Beng

2020/11/30 by Christopher Caillavet 1 Comment

In full-year guidance released Monday, City Developments Ltd said it expected the effects of the COVID-19 pandemic to continue into 2021 as the Singaporean developer predicted a loss for 2020.

CDL foresees its global hospitality segment, led by wholly owned… Read More>>

In full-year guidance released Monday, City Developments Ltd said it expected the effects of the COVID-19 pandemic to … Read more>>>

kwok hiu-kwan 4

Kaisa’s Kwok Family Thwarted in Bid for Control of Hong Kong Finance Firm Convoy

kwok hiu-kwan 4

2020/11/28 by Michael Cole Leave a Comment

A son of the chairman of Shenzhen developer Kaisa Group Holdings failed in a bid to wrest control of troubled Hong Kong finance firm Convoy Global Holdings this past week, as a shareholders meeting was halted after just ten minutes.

… Read More>>

A son of the chairman of Shenzhen developer Kaisa Group Holdings failed in a bid to wrest control of troubled Hong Kong … Read more>>>

Rushabh Desai

Allianz Fund in Talks to Buy Half-Stake in Singapore’s OUE Bayfront

Rushabh Desai

2020/11/27 by Michael Cole Leave a Comment

A half-slice of one of Singapore’s premier office towers may be soon to change hands, with OUE Commercial REIT confirming today that it is in exclusive discussions regarding a potential sale of a stake in the OUE Bayfront complex on… Read More>>

A half-slice of one of Singapore’s premier office towers may be soon to change hands, with OUE Commercial REIT … Read more>>>

Xu Jiayin Evergrande

Evergrande Services Unit Kicks Off Downsized $2B Hong Kong IPO

Xu Jiayin Evergrande

2020/11/23 by Christopher Caillavet Leave a Comment

Evergrande Property Services Group Ltd has announced the details of its proposed listing on the Hong Kong stock exchange, with the public offering to take place from Monday to Thursday this week.

The company, a property management services spin-off of… Read More>>

Evergrande Property Services Group Ltd has announced the details of its proposed listing on the Hong Kong stock … Read more>>>

Taisuke Miyajima

Sumitomo Mitsui Teams with ARA in $1.3B Buyout of Japan’s Kenedix

Taisuke Miyajima

2020/11/22 by Michael Cole Leave a Comment

A unit of Japan’s Sumitomo Mitsui has launched a JPY 132 billion ($1.3 billion) takeover of one of the country’s most prominent real estate fund managers, and is teaming up with Singapore’s ARA Asset Management to get the buyout completed.

… Read More>>

A unit of Japan’s Sumitomo Mitsui has launched a JPY 132 billion ($1.3 billion) takeover of one of the country’s most … Read more>>>

Lee-Richards-485x600

CDL Says It Will Offload Hotels After Hospitality Business Lost $155M in 2020 1H

Lee-Richards-485x600

2020/11/19 by Christopher Caillavet Leave a Comment

Millennium & Copthorne Hotels Ltd has offered a glimpse of its recovery strategy after a 12-month period that witnessed an ill-timed privatisation, a sector-wrecking pandemic and boardroom upheaval.

After the hospitality division of Singapore-listed City Developments Ltd (CDL) reported a… Read More>>

Millennium & Copthorne Hotels Ltd has offered a glimpse of its recovery strategy after a 12-month period that … Read more>>>

danke apartment gao jing

Troubled Mainland Apartment Platform Danke Said Headed for Buyout

danke apartment gao jing

2020/11/19 by Elizabeth Kerr Leave a Comment

Following a client uprising over the weekend that drove rumours of bankruptcy early this week, Beijing-based rental platform Danke Apartment may be in line for a buyout, according to local media reports.

Listed on the New York Stock Exchange as… Read More>>

Following a client uprising over the weekend that drove rumours of bankruptcy early this week, Beijing-based rental … Read more>>>

28 barker road 780

Home on Hong Kong’s Peak Sells at $4.5M Loss

28 barker road 780

2020/11/18 by Elizabeth Kerr Leave a Comment

A house on tony Barker Road in Hong Kong’s luxury district on The Peak has sold for HK$530 million ($68.4 million), representing a loss of HK$35 million, the Hong Kong Economic Times reported, as luxury prices in the SAR are… Read More>>

A house on tony Barker Road in Hong Kong’s luxury district on The Peak has sold for HK$530 million ($68.4 million), … Read more>>>

Jack Ma

Taobao Helps Xiamen Tower Find Open Arms on Singles Day

Jack Ma

2020/11/17 by Mingtiandi Team Leave a Comment

China’s Singles Day shopping celebration concluded last week with a record $74 billion in deals recorded, including finding a new match for one of the country’s spinster real estate projects.

Thanks to Alibaba’s Taobao website, which is best known as… Read More>>

China’s Singles Day shopping celebration concluded last week with a record $74 billion in deals recorded, including … Read more>>>

Hannah Jeong HEAD OF VALUATION AND ADVISORY SERVICES APAC

Swire Tower Sale Leads Upswing in Hong Kong Commercial Deals

Hannah Jeong HEAD OF VALUATION AND ADVISORY SERVICES APAC

2020/11/16 by Elizabeth Kerr Leave a Comment

Hong Kong’s battered investment sector is showing signs of life as a recent series of transactions, headlined by Swire Properties’ sale of a Taikoo office tower to Gaw Capital Partners and Schroders Pamfleet, hint at growing investor confidence.

With good… Read More>>

Hong Kong’s battered investment sector is showing signs of life as a recent series of transactions, headlined by Swire … Read more>>>

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