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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>>>

Wang_Qiu7.20

Asia Real Estate People in the News 2024-02-26

Wang_Qiu7.20

2024/02/26 by Michael Cole Leave a Comment

The misadventures of a Singapore-listed REIT of Chinese malls leads this week’s roundup of personnel moves from around the region, as Dasin Retail Trust fires its CEO after she asked for back pay. Also making the list is Canada’s CDPQ,… Read More>>

The misadventures of a Singapore-listed REIT of Chinese malls leads this week’s roundup of personnel moves from around … Read more>>>

Sachin Doshi, Weave Living

Weave Living Gets Equity Boost From Founder Doshi and Warburg, Launches $500M Japan Fund

Sachin Doshi, Weave Living

2024/02/26 by Christopher Caillavet Leave a Comment

Weave Living has secured further investment from existing shareholders, founder and CEO Sachin Doshi and private equity major Warburg Pincus, as the rental residential operator looks to double its portfolio in an expansion set to take it beyond Hong Kong,… Read More>>

Weave Living has secured further investment from existing shareholders, founder and CEO Sachin Doshi and private equity … Read more>>>

Omar Eraiqat, deputy CEO of diversified investments at Mubadala

Goldman Sachs, Mubadala Launch $1B APAC Private Debt Partnership

Omar Eraiqat, deputy CEO of diversified investments at Mubadala

2024/02/26 by Beatrice Laforga Leave a Comment

Goldman Sachs and Abu Dhabi’s Mubadala Investment Company have established a $1 billion partnership to invest in private debt opportunities across Asia Pacific, including real estate, in a bid to plug a financing gap left by traditional lenders.

The partners… Read More>>

Goldman Sachs and Abu Dhabi’s Mubadala Investment Company have established a $1 billion partnership to invest in private … Read more>>>

Peter Young QIP

Singapore’s QIP Expands into US Beds, Sheds as Chicago Project Moves Forward

Peter Young QIP

2024/02/26 by Beatrice Laforga Leave a Comment

Singapore-based private equity real estate firm Q Investment Partners (QIP) is expanding its foothold in the US with a pair of residential development projects in Chicago and a newly built warehouse facility in New York.

QIP in mid-February announced that… Read More>>

Singapore-based private equity real estate firm Q Investment Partners (QIP) is expanding its foothold in the US with a … Read more>>>

Eugene Lim The Assembly Place

Assembly Place JV Wins Contracts for Singapore Health Worker Hostels 

Eugene Lim The Assembly Place

2024/02/26 by Beatrice Laforga Leave a Comment

Singapore’s The Assembly Place continues to ramp up its presence in the city-state’s rental residential market with joint ventures backed by the co-living investor and operator winning government contracts to renovate and manage three hostels for healthcare workers.

Together with… Read More>>

Singapore’s The Assembly Place continues to ramp up its presence in the city-state’s rental residential market with … Read more>>>

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