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Robert Ng of Sino Land

Sino Land Profit Drops 25% on Revaluation Loss

Robert Ng of Sino Land

2024/08/28 by Christopher Caillavet Leave a Comment

Hong Kong developer Sino Land’s annual attributable profit fell 25 percent to HK$4.4 billion ($560 million) as investment property markdowns ate into earnings.

The builder controlled by tycoon Robert Ng booked a revaluation loss on the investment portfolio of HK$580… Read More>>

Hong Kong developer Sino Land’s annual attributable profit fell 25 percent to HK$4.4 billion ($560 million) as … Read more>>>

Takashi Murata Warburg PIncus

Warburg-Lendlease JV Buys $1.2B Singapore Portfolio From Blackstone, Soilbuild Boss

Takashi Murata Warburg PIncus

2024/08/27 by Christopher Caillavet Leave a Comment

A recently launched joint venture of US fund manager Warburg Pincus and Australia’s Lendlease has acquired a S$1.6 billion ($1.2 billion) portfolio of Singapore business parks and R&D facilities from entities linked to private equity giant Blackstone and Soilbuild Group… Read More>>

A recently launched joint venture of US fund manager Warburg Pincus and Australia’s Lendlease has acquired a S$1.6 … Read more>>>

SeaTown Holdings International CEO Patrick Pang (Image: Seatown)

Temasek’s SeaTown Hits $1.3B Final Close for Second APAC Private Credit Fund

SeaTown Holdings International CEO Patrick Pang (Image: Seatown)

2024/08/27 by Kevin He Leave a Comment

A unit of Singaporean government investor Temasek Holdings has reached final close for its second private credit fund targeting Asia Pacific with over $1.3 billion in capital commitments, as investors seek exposure to an asset class that has nearly doubled… Read More>>

A unit of Singaporean government investor Temasek Holdings has reached final close for its second private credit fund … Read more>>>

OK Lim Singapore

Family of Mapletree CEO Buy Convicted Oil Tycoon OK Lim’s Mansion for $30M

OK Lim Singapore

2024/08/26 by Kevin He Leave a Comment

The children of Mapletree Investments CEO Hiew Yoon Khong have purchased a mansion in Singapore’s prestigious Tanglin Hill area formerly owned by convicted tycoon Lim Oon Kuin for S$39.2 million ($30.1 million).

The two-storey detached house at 1K Tanglin Hill,… Read More>>

The children of Mapletree Investments CEO Hiew Yoon Khong have purchased a mansion in Singapore’s prestigious Tanglin … Read more>>>

Chen Hongtian of Cheung Kei

Receivers Field Offers for Former Cheung Kei Hong Kong HQ After 64% Drop in Value

Chen Hongtian of Cheung Kei

2024/08/23 by Kevin He Leave a Comment

Receivers for creditors of Cheung Kei Group have received at least two offers for the defaulted mainland property firm’s former Hong Kong headquarters after the grade A property lost nearly two-thirds of its value over the past two years.

Market… Read More>>

Receivers for creditors of Cheung Kei Group have received at least two offers for the defaulted mainland property firm’s … Read more>>>

Kerry Properties chairman and CEO Kuok Khoon Hua

Kerry Properties H1 Profit Drops 55% on Markdowns, Homebuying Weakness

Kerry Properties chairman and CEO Kuok Khoon Hua

2024/08/23 by Christopher Caillavet Leave a Comment

Hong Kong’s Kerry Properties said first-half attributable profit fell 55 percent year-on-year to HK$788 million ($101 million), as asset revaluations and poor home sales took a toll on earnings at the builder controlled by the family of Shangri-La Hotel tycoon… Read More>>

Hong Kong’s Kerry Properties said first-half attributable profit fell 55 percent year-on-year to HK$788 million ($101 … Read more>>>

The late "Minibus King" Ma Ah-muk

Family of Hong Kong’s Late Minibus King Marketing Budget Hotel as Student Housing Play

The late "Minibus King" Ma Ah-muk

2024/08/22 by Kevin He Leave a Comment

The family of Hong Kong’s late “Minibus King” Ma Ah-muk has put up for sale a 93-key hotel in the city’s Sai Ying Pun area, with brokers marketing the budget hostelry for conversion to student housing.

With Ma having built… Read More>>

The family of Hong Kong’s late “Minibus King” Ma Ah-muk has put up for sale a 93-key hotel in the city's Sai Ying Pun … Read more>>>

Paul Salter-2022-2

Australia’s Salter Brothers Forms Japan Hotel Partnership With Tokyo Century

Paul Salter-2022-2

2024/08/22 by Christopher Caillavet Leave a Comment

A partnership formed by Melbourne-based Salter Brothers and a Japanese property firm has seen the Australian fund manager take over asset management for a five-star resort in the southern island of Kyushu.

Hospitality-focused Salter Brothers joined forces with Tokyo Century… Read More>>

A partnership formed by Melbourne-based Salter Brothers and a Japanese property firm has seen the Australian fund … Read more>>>

Hamish MacDonald, BlackRock

BlackRock Set to Buy Citadines Raffles Place From CapitaLand JV for Circa $222M

Hamish MacDonald, BlackRock

2024/08/21 by Michael Cole Leave a Comment

The world’s largest asset manager is set to pick up its second Singapore residential property this year as a deal for Citadines Raffles Place enters the final stages, according to sources familiar with the discussions who spoke with Mingtiandi.

BlackRock… Read More>>

The world’s largest asset manager is set to pick up its second Singapore residential property this year as a deal for … Read more>>>

Diarmid Massey, chief executive officer for data centres at ESR

ESR to Accelerate AI-Driven Data Centre Rollout After $209M H1 Loss

Diarmid Massey, chief executive officer for data centres at ESR

2024/08/21 by Christopher Caillavet Leave a Comment

ESR posted a net loss of $209 million for the first half of 2024, swinging from a $313.9 million profit a year earlier, but the Hong Kong-listed warehouse builder and fund manager spotlighted its rapidly expanding data centre platform as… Read More>>

ESR posted a net loss of $209 million for the first half of 2024, swinging from a $313.9 million profit a year earlier, … Read more>>>

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MTD TV

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