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CapitaLand Investment chairman Miguel Ko

CapitaLand Investment Posts 79% Profit Plunge on Revaluation Losses

CapitaLand Investment chairman Miguel Ko

2024/02/28 by Christopher Caillavet Leave a Comment

CapitaLand Investment’s attributable profit fell 79 percent to S$181 million ($134.5 million) in 2023, pressured by a second-half loss of S$170 million stemming from markdowns on the Singapore-listed fund manager’s global portfolio.

The firm last year felt the impact of… Read More>>

CapitaLand Investment’s attributable profit fell 79 percent to S$181 million ($134.5 million) in 2023, pressured by a … Read more>>>

Kwek Leng Beng CDL

CDL Profit Falls 75% Despite Record-High Revenue

Kwek Leng Beng CDL

2024/02/28 by Christopher Caillavet Leave a Comment

Singapore’s City Developments Ltd reported a 75.3 percent drop in attributable profit to S$317.3 million ($235.7 million) for 2023, even as the first-half completion of a residential project helped revenue reach an all-time high.

The profit plunge was due to… Read More>>

Singapore’s City Developments Ltd reported a 75.3 percent drop in attributable profit to S$317.3 million ($235.7 … Read more>>>

Paul Chan, Hong Kong's Financial Secretary (Getty Images)

Hong Kong Budget Scraps Stamp Duties to Boost Struggling Housing Market

Paul Chan, Hong Kong's Financial Secretary (Getty Images)

2024/02/28 by Kevin He Leave a Comment

Hong Kong is rolling back all taxes on residential property transactions in an effort to put a floor under a protracted housing market slump that has seen residential property prices slide to seven-year lows.

In his annual budget speech to… Read More>>

Hong Kong is rolling back all taxes on residential property transactions in an effort to put a floor under a protracted … Read more>>>

Tim Graham of JLL

JLL Appoints Tim Graham as Global Lead of International and Strategic Capital

Tim Graham of JLL

2024/02/28 by Kevin He Leave a Comment

JLL has named Tim Graham as global lead of international and strategic capital for its capital markets division, an appointment described by the property consultancy as affirming Asian capital and assets being “front and center of the global conversation.”

Graham,… Read More>>

JLL has named Tim Graham as global lead of international and strategic capital for its capital markets division, an … Read more>>>

Nomura, KKR, Carlyle in Japan Alts Tie-Up and More Asia Real Estate Headlines

2024/02/28 by Ponrath Sopannarath Leave a Comment

Japan leads today’s collection of real estate headlines from around the region as local champion Nomura teams up with US private equity majors to market alternative investment strategies in Asia’s second-largest economy. Also in the news, SGX-listed Yanlord Land books… Read More>>

Japan leads today’s collection of real estate headlines from around the region as local champion Nomura teams up with US … Read more>>>

Nicholas Chua_Ho Bee Land

Singapore’s Ho Bee Land Swings to S$260M 2023 Loss on London Markdowns

Nicholas Chua_Ho Bee Land

2024/02/27 by Kevin He Leave a Comment

Singapore-listed developer Ho Bee Land has swung to the red in 2023 with an attributable net loss of S$259.8 million, as fair value losses on its London investment properties and higher interest expenses dented the company’s profitability.

The company’s loss… Read More>>

Singapore-listed developer Ho Bee Land has swung to the red in 2023 with an attributable net loss of S$259.8 million, as … Read more>>>

WEE EE LIM UOL Group

Hotel Sale Lifts Singapore’s UOL to 44% Profit Spike as Development Revenue Weakens

WEE EE LIM UOL Group

2024/02/27 by Christopher Caillavet Leave a Comment

Singapore developer UOL Group’s 2023 attributable profit jumped 44 percent to S$707.7 million ($527 million), boosted by an October hotel disposal.

The profit surge was propelled by a gain of S$442.3 million from the sale of the Parkroyal on Kitchener… Read More>>

Singapore developer UOL Group’s 2023 attributable profit jumped 44 percent to S$707.7 million ($527 million), boosted by … Read more>>>

OMERS president and CEO Blake Hutcheson

Canada’s OMERS Posts 7.2% Real Estate Loss as Interest Rates Dent Returns

OMERS president and CEO Blake Hutcheson

2024/02/27 by Christopher Caillavet Leave a Comment

OMERS, the biggest pension fund manager in Canada’s Ontario province, reported a 7.2 percent net loss on real estate investments in 2023, swinging from a net return of 13.6 percent the prior year, as elevated interest rates took a toll… Read More>>

OMERS, the biggest pension fund manager in Canada’s Ontario province, reported a 7.2 percent net loss on real estate … Read more>>>

Holland Drive site

Luxury Site in Singapore’s Holland Village Launched Despite Market Slide

Holland Drive site

2024/02/27 by Michael Cole Leave a Comment

A luxury condominium site in Singapore’s Holland Village area which could bring offers as high as S$1 billion ($740 million) has been launched for sale as developers pull back from pricey housing plots in the face of slower home sales… Read More>>

A luxury condominium site in Singapore’s Holland Village area which could bring offers as high as S$1 billion ($740 … Read more>>>

Hui Ka Yan or Xu Jiayin, a Chairperson of Evergrande Group

Evergrande Founder’s Ex-Wife Sues Son for $128M and More Asia Real Estate Headlines

Hui Ka Yan or Xu Jiayin, a Chairperson of Evergrande Group

2024/02/27 by Ponrath Sopannarath Leave a Comment

The ex-wife of Hui Ka Yan, China Evergrande founder, files a lawsuit against his second son over $128 million, with that story leading Mingtiandi’s headline roundup today. Also making the list, Hong Kong’s beleaguered property industry is hoping that relief… Read More>>

The ex-wife of Hui Ka Yan, China Evergrande founder, files a lawsuit against his second son over $128 million, with that … Read more>>>

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