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Suchad Chiaranussati, SC Capital Partners

SC Capital-Sponsored Japan Hotel REIT Buying Four Properties in Okinawa, Tokyo for $350M

Suchad Chiaranussati, SC Capital Partners

2024/06/25 by Christopher Caillavet Leave a Comment

Japan Hotel REIT plans to acquire two full-service Okinawa properties and two budget hostelries in Tokyo’s Shinjuku ward for a total of JPY 56.2 billion ($350 million), the TSE-listed trust’s manager announced Monday.

The transactions for Okinawa Harborview Hotel (JPY… Read More>>

Japan Hotel REIT plans to acquire two full-service Okinawa properties and two budget hostelries in Tokyo’s Shinjuku ward … Read more>>>

Adrian Cheng, CEO and executive vice-chairman of New World Development

Hong Kong’s New World Secures New Loans, Pays Down Debt in $4.5B Liquidity Boost

Adrian Cheng, CEO and executive vice-chairman of New World Development

2024/06/25 by Kevin He Leave a Comment

New World Development has completed HK$35 billion ($4.5 billion) worth of new loan arrangements and debt repayments since January, as the Hong Kong-based developer continues to reduce its leverage.

HKEX-listed New World has maintained an average interest rate of 1.1… Read More>>

New World Development has completed HK$35 billion ($4.5 billion) worth of new loan arrangements and debt repayments … Read more>>>

Singapore Money Launderer Condos on the Market and More Asia Real Estate Headlines

2024/06/25 by Ponrath Sopannarath Leave a Comment

Units at Singapore’s Gramercy Park condo linked to a money-laundering case are on the market for $23 million, with that story leading Mingtiandi’s headline roundup today. Also making the news, a unit of Malaysia’s Sunway plans to acquire a 70… Read More>>

Units at Singapore’s Gramercy Park condo linked to a money-laundering case are on the market for $23 million, with that … Read more>>>

Chang Rui Hua of ESR

ESR Gets Regulatory Nod for China REIT, Clearing Path for $340M Shanghai IPO

Chang Rui Hua of ESR

2024/06/24 by Christopher Caillavet Leave a Comment

Hong Kong-listed ESR has received the go-ahead from China’s top securities regulator for the warehouse specialist’s inaugural mainland REIT, with the trust’s initial public offering expected to raise nearly RMB 2.44 billion ($340 million).

The China Securities Regulatory Commission approved… Read More>>

Hong Kong-listed ESR has received the go-ahead from China’s top securities regulator for the warehouse specialist’s … Read more>>>

ok-lim

Singapore Tycoon OK Lim’s Tanglin Hill Mansion on Sale for $32M

ok-lim

2024/06/24 by Christopher Caillavet Leave a Comment

A villa owned by troubled tycoon Lim Oon Kuin in Singapore’s posh Tanglin Hill area is up for sale by tender at a guide price of S$43 million ($31.8 million).

The good-class bungalow, Singapore’s term for a luxury landed home,… Read More>>

A villa owned by troubled tycoon Lim Oon Kuin in Singapore’s posh Tanglin Hill area is up for sale by tender at a guide … Read more>>>

Nick Tang Wang On

Hong Kong’s Wang On Adds Chevalier as JV Partner for $243M Kowloon Residential Project

Nick Tang Wang On

2024/06/24 by Kevin He Leave a Comment

Hong Kong-based developer Wang On Properties is bringing on local conglomerate Chevalier International Holdings as a partner for a HK$1.9 billion ($243 million) residential joint venture in southeastern Kowloon’s Yau Tong area as it seeks to boost liquidity and reduce… Read More>>

Hong Kong-based developer Wang On Properties is bringing on local conglomerate Chevalier International Holdings as a … Read more>>>

Hong Kong Businessman Loses Aussie Resort Island and More Asia Real Estate Headlines

2024/06/24 by Ponrath Sopannarath Leave a Comment

Australian authorities have stripped a Hong Kong businessman of a stalled Queensland resort project, with that story leading Mingtiandi’s headline roundup today. Also making the news is a bargain-hunting Australian pension fund and Shenzhen’s Kaisa Group wins a reprieve in… Read More>>

Australian authorities have stripped a Hong Kong businessman of a stalled Queensland resort project, with that story … Read more>>>

henry chui partners group

Asia Real Estate People in the News 2024-06-24

henry chui partners group

2024/06/24 by Michael Cole Leave a Comment

A major European fund manager’s selection of a lead for its new office in Hong Kong leads this week’s roundup of personnel moves from around the region. Also making the list is a JD.com executive exiting to join ADIA and… Read More>>

A major European fund manager’s selection of a lead for its new office in Hong Kong leads this week’s roundup of … Read more>>>

Ong Beng Seng

Cuscaden Peak-Managed Paragon REIT Sells Singapore Strip Mall for $58M

Ong Beng Seng

2024/06/22 by Michael Cole Leave a Comment

Paragon REIT has agreed to sell a strip mall in the Upper Bukit Timah area for S$78.5 million ($58 million), reducing the Singapore-listed trust to just two properties in its home market, with another two in Australia.

“The divestment is… Read More>>

Paragon REIT has agreed to sell a strip mall in the Upper Bukit Timah area for S$78.5 million ($58 million), reducing … Read more>>>

Kenneth Gaw, Gaw Capital Partners

Gaw Capital Launches $533M Aussie Land Lease JV With GreenFort 

Kenneth Gaw, Gaw Capital Partners

2024/06/22 by Christopher Caillavet Leave a Comment

Gaw Capital Partners has set up a joint venture with GreenFort Capital to acquire and develop an A$800 million ($533 million) pipeline of Australian land lease community projects aimed at pensioners.

Hong Kong-based Gaw will help Brisbane’s GreenFort scale its… Read More>>

Gaw Capital Partners has set up a joint venture with GreenFort Capital to acquire and develop an A$800 million ($533 … Read more>>>

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