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URA chief executive officer Lim Eng Hwee

Singapore Rejects GuocoLand Consortium’s Bid for Marina South Site as ‘Too Low’

URA chief executive officer Lim Eng Hwee

2024/02/08 by Beatrice Laforga Leave a Comment

For the first time in 12 years Singapore’s Urban Redevelopment Authority (URA) has declined to award a land plot offered under the government’s land sale programme, brushing aside the sole bid from a GuocoLand-led consortium for a site in the city-state’s… Read More>>

For the first time in 12 years Singapore’s Urban Redevelopment Authority (URA) has declined to award a land plot offered … Read more>>>

Sherman Kwek of CDL

CDL Buying $111M London Co-Living Project From Bridges Fund Management

Sherman Kwek of CDL

2024/02/08 by Mingtiandi Team Leave a Comment

City Developments Ltd (CDL) continues to ramp up its presence in the UK’s build-to-rent sector with the Singaporean property giant announcing this week that it has acquired a £88 million ($111 million) rental residential project in West London’s White City… Read More>>

City Developments Ltd (CDL) continues to ramp up its presence in the UK’s build-to-rent sector with the Singaporean … Read more>>>

Sam Kim GIC

GIC Promotes Sam Kim to COO, Names New Real Estate CIO in Leadership Reshuffle

Sam Kim GIC

2024/02/08 by Kevin He Leave a Comment

Singaporean sovereign fund GIC has reshuffled its senior leadership, including appointing a new chief operating officer, deputy chief investment officer for the group and a new chief investment officer for real estate in a set of moves set to take… Read More>>

Singaporean sovereign fund GIC has reshuffled its senior leadership, including appointing a new chief operating officer, … Read more>>>

Hsueh Ling Ng (Image: Savills Investment Management)

Savills IM Appoints Hsueh Ling Ng Head of APAC Ex-Japan

Hsueh Ling Ng (Image: Savills Investment Management)

2024/02/08 by Kevin He Leave a Comment

Savills Investment Management (Savills IM) has appointed Hsueh Ling Ng to the newly created role of head of Asia Pacific ex-Japan, where she will be responsible for managing the firm’s investment and client capital teams in some of the region’s… Read More>>

Savills Investment Management (Savills IM) has appointed Hsueh Ling Ng to the newly created role of head of Asia Pacific … Read more>>>

Benjamin Chow MSCI

APAC Real Estate Deal Volume Falls 28% to Lowest Level Since 2012: MSCI

Benjamin Chow MSCI

2024/02/08 by Christopher Caillavet Leave a Comment

Trades of income-generating real estate in Asia Pacific tumbled 28 percent in 2023 to $139.7 billion, the lowest annual reading for the region since 2012, according to MSCI.

Although rising interest rates over a roughly two-year period squeezed investment, dealmaking… Read More>>

Trades of income-generating real estate in Asia Pacific tumbled 28 percent in 2023 to $139.7 billion, the lowest annual … Read more>>>

Guo Guangchang Fosun

Fosun Said Reviving $1B Sale of Hong Kong’s Peak Re and More Asia Real Estate Headlines

Guo Guangchang Fosun

2024/02/08 by Ponrath Sopannarath Leave a Comment

Shanghai’s Fosun leads today’s headline roundup with a report that the conglomerate plans to put Hong Kong-based Peak Reinsurance back on the market after an earlier attempt fizzled. Also making the list, Manulife US REIT’s distributable income drops 13.3 percent… Read More>>

Shanghai’s Fosun leads today’s headline roundup with a report that the conglomerate plans to put Hong Kong-based Peak … Read more>>>

Chen Hongtian of Cheung Kei

Receivers Sell London Office Tower Seized From China’s Cheung Kei for 60% Off 

Chen Hongtian of Cheung Kei

2024/02/07 by Beatrice Laforga Leave a Comment

An office block on London’s Canary Wharf which was once a trophy for the chairman of China’s Cheung Kei Group is being sold by receivers for £110 million ($134 million) — 60 percent less than what the mainland investor paid… Read More>>

An office block on London’s Canary Wharf which was once a trophy for the chairman of China’s Cheung Kei Group is being … Read more>>>

Cheng Kar-Shun, NWD

New World’s Cheng Family Seeks to Push Out Giordano Boss Peter Lau

Cheng Kar-Shun, NWD

2024/02/07 by Christopher Caillavet Leave a Comment

The Cheng family behind New World Development has called for the dismissal of Peter Lau from his role as CEO of Giordano International, the Hong Kong-listed fashion retailer in which a Cheng-controlled vehicle is the largest shareholder.

The clan led… Read More>>

The Cheng family behind New World Development has called for the dismissal of Peter Lau from his role as CEO of Giordano … Read more>>>

Cheung Chung Kiu

Guangzhou R&F Selling $1.3B London Project to CC Land Chairman for 13 Cents

Cheung Chung Kiu

2024/02/07 by Kevin He Leave a Comment

Cheung Chung-kiu has once again come to the rescue of his Chinese billionaire builder brethren, with the chairman of mainland developer CC Land inking a preliminary agreement to buy a $1.3 billion London project from Guangzhou R&F Properties for HK$1… Read More>>

Cheung Chung-kiu has once again come to the rescue of his Chinese billionaire builder brethren, with the chairman of … Read more>>>

Patricia Goh Capitaland

CapitaLand Investment Buys Thailand Shed Site, Closes Japan Core Logistics Fund

Patricia Goh Capitaland

2024/02/07 by Christopher Caillavet Leave a Comment

Singapore’s CapitaLand Investment announced this week the acquisition of four properties, led by a greenfield warehouse project in Thailand, and the closing of a core logistics private fund in Japan.

The investment manager in December acquired Omega 1 Bang Na,… Read More>>

Singapore’s CapitaLand Investment announced this week the acquisition of four properties, led by a greenfield warehouse … Read more>>>

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