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merlin swire

Swire Family Scion Offloads Stake in Swire Properties, Cuts Holdings of Swire Pacific

merlin swire

2024/08/16 by Kevin He Leave a Comment

Merlin Bingham Swire, deputy chairman and chief executive of his family’s 208-year old conglomerate John Swire & Sons Ltd, has sold all of his shares in the group’s property development unit Swire Properties and has now cut his holdings in… Read More>>

Merlin Bingham Swire, deputy chairman and chief executive of his family’s 208-year old conglomerate John Swire & … Read more>>>

victor li ck asset

CK Asset H1 Profit Falls 15% as Ailing Economy Hits Home Sales, Office Leasing Suffers

victor li ck asset

2024/08/16 by Christopher Caillavet Leave a Comment

Li Ka-shing’s CK Asset Holdings posted a 15 percent year-on-year drop in first-half attributable profit to HK$8.6 billion ($1.1 billion) as economic weakness in Hong Kong and mainland China hurt home sales.

The developer controlled by Hong Kong’s richest man… Read More>>

Li Ka-shing’s CK Asset Holdings posted a 15 percent year-on-year drop in first-half attributable profit to HK$8.6 … Read more>>>

Centurion chief executive Kong Chee Min

Centurion H1 Profit Spikes 209% on Jump in Property Valuations

Centurion chief executive Kong Chee Min

2024/08/15 by Christopher Caillavet Leave a Comment

Singapore’s Centurion Corp posted a 209 percent year-on-year surge in attributable profit to S$118.2 million ($89.7 million) for the first half of the year, boosted by net fair value gains of S$61.6 million.

Excluding fair value adjustments, net profit from… Read More>>

Singapore’s Centurion Corp posted a 209 percent year-on-year surge in attributable profit to S$118.2 million ($89.7 … Read more>>>

Kwek Leng Beng CDL

CDL H1 Profit Surges 32% on Divestment Gains, Hotel Performance

Kwek Leng Beng CDL

2024/08/14 by Christopher Caillavet Leave a Comment

Singapore’s City Developments Ltd reported a first-half attributable profit of S$87.8 million ($66.8 million), up 32 percent year-on-year, with divestment gains and hotel income weighing heavily as development revenue dipped.

CDL’s overall revenue for the six months tumbled 42 percent… Read More>>

Singapore’s City Developments Ltd reported a first-half attributable profit of S$87.8 million ($66.8 million), up 32 … Read more>>>

CapitaLand Investment chairman Miguel Ko

CapitaLand Investment 1H Profit Dips 6%, Sells Suzhou Asset to RMB Fund

CapitaLand Investment chairman Miguel Ko

2024/08/14 by Kevin He Leave a Comment

CapitaLand Investment (CLI)’s net profit declined 6 percent year-on-year to S$331 million in the first half of the year, as portfolio gains helped cushion a 14 percent slide in operating profit after tax and minority interest (PATMI).

SGX-listed CLI’s revenue… Read More>>

CapitaLand Investment (CLI)’s net profit declined 6 percent year-on-year to S$331 million in the first half of the year, … Read more>>>

Jeffrey Shen ESR

ESR Warns of $210M H1 Loss on Markdowns, Fee Income Drought

Jeffrey Shen ESR

2024/08/14 by Christopher Caillavet Leave a Comment

ESR expects to report a loss of $210 million for the first half of the year, according to a warning issued Wednesday by the Hong Kong-listed industrial developer and fund manager.

The predicted shortfall would reverse a net profit of… Read More>>

ESR expects to report a loss of $210 million for the first half of the year, according to a warning issued Wednesday by … Read more>>>

Ashish Mancharam

PGIM JV Buying Stamford Court From Singapore Land for $99.9M

Ashish Mancharam

2024/08/13 by Michael Cole Leave a Comment

Singapore’s real estate investment market started off the week with a pair of major transactions as SGX-listed Singapore Land late Monday announced the sale of a commercial building near City Hall at an agreed property value of S$132 million ($99.9… Read More>>

Singapore’s real estate investment market started off the week with a pair of major transactions as SGX-listed Singapore … Read more>>>

Tony Tan CICT

CapitaLand’s CICT Boosts Distributable Income 3.7% in 1H on Strong Leasing

Tony Tan CICT

2024/08/13 by Christopher Caillavet Leave a Comment

CapitaLand Integrated Commercial Trust posted first-half distributable income of S$366.5 million ($277 million), up 3.7 percent year-on-year, as strong leasing countered missing revenue from an under-renovation German property.

SGX-listed CICT’s distribution per unit for the six months to June rose… Read More>>

CapitaLand Integrated Commercial Trust posted first-half distributable income of S$366.5 million ($277 million), up 3.7 … Read more>>>

Ho Bee Land chief executive Nicholas Chua

Brunei Sovereign Fund Buys Stake in Ho Bee Singapore Life Sciences Complex for $205M

Ho Bee Land chief executive Nicholas Chua

2024/08/12 by Michael Cole Leave a Comment

Singapore’s commercial real estate is showing signs of a pulse this month with developer Ho Bee Land announcing early Monday that it has agreed to sell a 49 percent stake in a life science complex in the city-state’s One North… Read More>>

Singapore’s commercial real estate is showing signs of a pulse this month with developer Ho Bee Land announcing early … Read more>>>

Li Sze Lim of R&F Properties 1 (Getty Images)

China’s Guangzhou R&F Defaults on $4.53B in Offshore Bonds

Li Sze Lim of R&F Properties 1 (Getty Images)

2024/08/12 by Michael Cole Leave a Comment

A builder once ranked among China’s largest developers has fallen still further into distress with Guangzhou R&F Properties announcing on Sunday that it has failed to make interest payments on offshore bonds worth a total of $4.53 billion.

The developer… Read More>>

A builder once ranked among China’s largest developers has fallen still further into distress with Guangzhou R&F … Read more>>>

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