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Ong Beng Seng

Ong Beng Seng’s HPL Leads Sale Effort for Orchard Road Hotel Complex

Ong Beng Seng

2024/09/14 by Michael Cole Leave a Comment

Just over one year after winning provisional approval to redevelop a trio of buildings at the west end of Singapore’s Orchard Road, Ong Beng Seng’s Hotel Properties Ltd is poised to sell a commercial complex along the eastern portion of… Read More>>

Just over one year after winning provisional approval to redevelop a trio of buildings at the west end of Singapore’s … Read more>>>

Tong building

Orchard Road Office Floor Trades for $24M as Singapore Strata Market Heats Up

Tong building

2024/09/14 by Christopher Caillavet Leave a Comment

An Orchard Road office floor has sold to a local healthcare group for S$31.3 million ($24 million), deal broker Savills confirmed Friday, as Singapore’s strata market shows signs of picking up amid a broader commercial real estate recovery.

Parkway Hospitals… Read More>>

An Orchard Road office floor has sold to a local healthcare group for S$31.3 million ($24 million), deal broker Savills … Read more>>>

Tuhin-Parikh Blackstone

Blackstone-Backed Ventive Hospitality Files for $238M India IPO

Tuhin-Parikh Blackstone

2024/09/12 by Kevin He Leave a Comment

Ventive Hospitality, an Indian hotel developer, owner, and manager backed by Blackstone and local builder Panchshil Realty, is preparing to list its 2,036-key portfolio of hotels across India and the Maldives in an IPO that could raise up to INR… Read More>>

Ventive Hospitality, an Indian hotel developer, owner, and manager backed by Blackstone and local builder Panchshil … Read more>>>

ITC Properties chairman Edwin Cheung Hon-kit

Hong Kong’s ITC In Talks to Sell Wan Chai Office Tower as Losses Widen

ITC Properties chairman Edwin Cheung Hon-kit

2024/09/06 by Kevin He Leave a Comment

Hong Kong’s ITC Properties is in talks to sell an office tower in Wan Chai as the developer and property investor continues to divest assets amid mounting losses.

The HKEX-listed builder is in discussions to offload 250 Hennessy, a commercial… Read More>>

Hong Kong’s ITC Properties is in talks to sell an office tower in Wan Chai as the developer and property investor … Read more>>>

SHKP chairman Raymond Kwok

SHKP Profit Tumbles 20% to $2.4B as Hong Kong Slump Hits Portfolio

SHKP chairman Raymond Kwok

2024/09/06 by Christopher Caillavet Leave a Comment

Sun Hung Kai Properties reported a full-year attributable profit of HK$19 billion ($2.4 billion), down 20 percent, as Hong Kong’s largest developer saw its property portfolio drop in value amid the city’s prolonged real estate slump.

The builder controlled by… Read More>>

Sun Hung Kai Properties reported a full-year attributable profit of HK$19 billion ($2.4 billion), down 20 percent, as … Read more>>>

Chi 138 in Wan Chai

Blackstone in Due Diligence to Enter Hong Kong Rental Residential with $96M Deal

Chi 138 in Wan Chai

2024/09/05 by Kevin He Leave a Comment

The world’s largest real estate fund manager may be about to enter Hong Kong’s rental residential market, with Blackstone understood to be in advanced talks to acquire two Hong Kong serviced apartment blocks from local living operator Chi Residences.

The… Read More>>

The world’s largest real estate fund manager may be about to enter Hong Kong’s rental residential market, with … Read more>>>

KKR Japan CEO Hiro Hirano

KKR Japan REIT Selling Yokohama Shopping Centre for $63M, Buying Kawasaki Mall for $33M

KKR Japan CEO Hiro Hirano

2024/09/05 by Christopher Caillavet Leave a Comment

KKR’s Tokyo-listed commercial REIT has agreed to sell an ageing shopping centre in Yokohama for JPY 9 billion ($63 million) and plans to fill the gap with the JPY 4.8 billion buy of a newly completed Kawasaki mall.

Japan Metropolitan… Read More>>

KKR’s Tokyo-listed commercial REIT has agreed to sell an ageing shopping centre in Yokohama for JPY 9 billion ($63 … Read more>>>

Visioncrest Commercial_External_Still_E02.tif

TE Capital, LaSalle JV Sells Pair of Orchard Road Floors in Singapore

Visioncrest Commercial_External_Still_E02.tif

2024/09/04 by Michael Cole Leave a Comment

Just over a half-year after closing on the $331 million purchase of a commercial building in Singapore’s Orchard Road area, a joint venture of private equity shop TE Capital Partners and LaSalle Investment Management has sold a pair of floors… Read More>>

Just over a half-year after closing on the $331 million purchase of a commercial building in Singapore’s Orchard Road … Read more>>>

Crystal Investment CEO Nick Lo

Hong Kong’s Crystal Investment Acquires Kowloon Buildings for Student Housing

Crystal Investment CEO Nick Lo

2024/09/04 by Kevin He Leave a Comment

A unit of Hong Kong-based property developer and investor Crystal Investment has acquired a pair of buildings in Kowloon for student housing use, as the growing influx of mainland Chinese students boosts demand for private accommodation in the Asian financial… Read More>>

A unit of Hong Kong-based property developer and investor Crystal Investment has acquired a pair of buildings in Kowloon … Read more>>>

Li Sze Lim of R&F Properties (Getty Images)

Receivers Appointed for 69 Mainland Properties in Guangzhou R&F Wind-Up Case

Li Sze Lim of R&F Properties (Getty Images)

2024/09/04 by Christopher Caillavet Leave a Comment

Guangzhou R&F Properties on Wednesday announced that receivers had been appointed for a set of mainland properties at the heart of a winding-up case filed against the cash-strapped builder.

Chan Leung Lee and Yuen Tsz Chun of Hong Kong-based Frank… Read More>>

Guangzhou R&F Properties on Wednesday announced that receivers had been appointed for a set of mainland properties … Read more>>>

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