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MTR chief executive Jacob Kam

Hong Kong’s MTR Sees Profit Drop 21% to $1B on Development Income Collapse

MTR chief executive Jacob Kam

2024/03/08 by Christopher Caillavet Leave a Comment

Hong Kong’s MTR Corporation reported a 20.8 percent drop in attributable profit to HK$7.8 billion ($1 billion) for 2023 as the listed operator of mass transit systems recognised less income from property development projects.

Profit from property development plunged 80… Read More>>

Hong Kong’s MTR Corporation reported a 20.8 percent drop in attributable profit to HK$7.8 billion ($1 billion) for 2023 … Read more>>>

Lucas Loh Jen Yuh

Ex-CapitaLand China Boss Lucas Loh Joins Vietnamese Developer as CEO

Lucas Loh Jen Yuh

2024/03/08 by Beatrice Laforga Leave a Comment

Former CapitaLand China and Hopson Development boss Lucas Loh Jen Yuh has joined the region’s ‘China Plus One’ wave with a new role with a Ho Chi Minh City-based township developer, according to an announcement this week.

Loh, who spent… Read More>>

Former CapitaLand China and Hopson Development boss Lucas Loh Jen Yuh has joined the region’s ‘China Plus One’ wave with … Read more>>>

xiaolan-metro-mall-5

SGX-Listed Dasin Retail Trust Pursued by Former Directors on Allegations of Unpaid Debts

xiaolan-metro-mall-5

2024/03/08 by Kevin He Leave a Comment

The manager of mainland mall REIT Dasin Retail Trust has received a sixth debt collection notice in five weeks from former officers of the company or their associates as its erstwhile management joins bondholders in pursuing repayment from the manager… Read More>>

The manager of mainland mall REIT Dasin Retail Trust has received a sixth debt collection notice in five weeks from … Read more>>>

Conrad Seoul hotel

Brookfield Said in Talks to Sell Seoul Hotel to ARA Korea and More Asia Real Estate Headlines

Conrad Seoul hotel

2024/03/08 by Ponrath Sopannarath Leave a Comment

Brookfield is said to have moved into late-stage negotiations with ESR’s ARA Korea unit for the sale of its Conrad Seoul hotel, with that story leading Mingtiandi’s roundup of headlines from around the region today. Also in the news, China… Read More>>

Brookfield is said to have moved into late-stage negotiations with ESR’s ARA Korea unit for the sale of its Conrad Seoul … Read more>>>

Chedli Boujellabia, Managing Partner and CEO, Alyssa Partners

Panel: Multi-Family Investment in Japan Mingtiandi APAC Residential Forum 2024

Chedli Boujellabia, Managing Partner and CEO, Alyssa Partners

2024/03/07 by Danita Phaopat Leave a Comment

With over 22 percent of households already renting their homes and 49 percent of respondents in a CBRE investor intention survey planning to rent in the future, Japan maintains its status as the largest multi-family market in Asia Pacific and… Read More>>

With over 22 percent of households already renting their homes and 49 percent of respondents in a CBRE investor … Read more>>>

Selena Shi, LaSalle

Panel: Multi-Family Investment in China Mingtiandi APAC Residential Forum 2024

Selena Shi, LaSalle

2024/03/07 by Danita Phaopat Leave a Comment

Rapid urbanisation and a burgeoning middle class are reshaping China’s housing preferences, while supportive government policies and an expanded C-REIT program are creating opportunities in the multi-family sector for institutional investors.

Tune in to the first panel of Mingtiandi’s 2024… Read More>>

Rapid urbanisation and a burgeoning middle class are reshaping China’s housing preferences, while supportive government … Read more>>>

Dan McLennan

Panel: Australian BTR Investment Mingtiandi APAC Residential Forum 2024

Dan McLennan

2024/03/07 by Danita Phaopat Leave a Comment

Australia remains a prime target for investors from Japan, Singapore and other Asian hubs step up their commitments to the sector at the same time that many institutions from North America and Europe go into ‘wait-and-see’ mode.

With the country… Read More>>

Australia remains a prime target for investors from Japan, Singapore and other Asian hubs step up their commitments to … Read more>>>

Hongkong Land chairman Ben Keswick

Hongkong Land Swings to $582M Loss as Markdowns Bruise Central Portfolio

Hongkong Land chairman Ben Keswick

2024/03/07 by Christopher Caillavet Leave a Comment

Regional developer Hongkong Land reported an attributable loss of $582 million for 2023, reversing a year-earlier profit of $203 million, as valuations continued to decline in the group’s hometown office portfolio.

Underlying profit, which ignores the fair-value change of investment… Read More>>

Regional developer Hongkong Land reported an attributable loss of $582 million for 2023, reversing a year-earlier profit … Read more>>>

Robert Kuok

Robert Kuok’s Allgreen Completes $410M Purchase of Singapore’s Seletar Mall

Robert Kuok

2024/03/07 by Beatrice Laforga Leave a Comment

Robert Kuok’s Allgreen Properties has completed its S$550 million ($410 million) purchase of the Seletar Mall in northeastern Singapore from a joint venture of Cuscaden Peak and United Engineers Ltd (UEL), the companies announced Thursday.

Allgreen, the Singapore property development… Read More>>

Robert Kuok’s Allgreen Properties has completed its S$550 million ($410 million) purchase of the Seletar Mall in … Read more>>>

Laurent Kleitman, chief executive of Mandarin Oriental Hotel Group

Mandarin Oriental Launching Causeway Bay Project into Hong Kong Office Headwinds

Laurent Kleitman, chief executive of Mandarin Oriental Hotel Group

2024/03/07 by Kevin He Leave a Comment

More than five years after announcing a $650 million plan to redevelop the former Excelsior Hotel into a commercial project set to ride a boom in demand, Hong Kong’s Mandarin Oriental Hotel Group recently announced preparations to begin leasing the… Read More>>

More than five years after announcing a $650 million plan to redevelop the former Excelsior Hotel into a commercial … Read more>>>

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