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Jonathan-D-Gray

Blackstone, Mirvac Sell Sydney Commercial Complex to Mitsubishi Venture for $494M

Jonathan-D-Gray

2023/10/17 by Beatrice Laforga Leave a Comment

Japan’s Mitsubishi Estate has teamed up with a local investment firm to acquire a Sydney commercial tower equally owned by Blackstone and Mirvac for about A$777 million ($494 million), making Australia’s largest office buy so far this year.

Mirvac has… Read More>>

Japan’s Mitsubishi Estate has teamed up with a local investment firm to acquire a Sydney commercial tower equally owned … Read more>>>

Ling Ke, the chairman of China’s Gemdale Properties resigned on Tuesday.

Gemdale Chairman Exit Triggers Latest China Crisis and More Asia Real Estate Headlines

Ling Ke, the chairman of China’s Gemdale Properties resigned on Tuesday.

2023/10/17 by Ponrath Sopannarath Leave a Comment

The chairman of China’s Gemdale Properties resigned on Tuesday after 25 years leading the company and a resulting meltdown in the company’s stocks and bonds leads today’s collection of real estate headlines from around the region. Country Garden also makes… Read More>>

The chairman of China’s Gemdale Properties resigned on Tuesday after 25 years leading the company and a resulting … Read more>>>

Chen Hongtian of Cheung Kei

Receivers Marketing London Office Tower Seized From Mainland Tycoon

Chen Hongtian of Cheung Kei

2023/10/16 by Michael Cole Leave a Comment

Savills has kicked off a sales campaign for 5 Churchill Place in London, attempting to find a buyer for the Canary Wharf office tower seized from mainland tycoon Chen Hongtian, who had earlier defaulted on loans backed by the onetime… Read More>>

Savills has kicked off a sales campaign for 5 Churchill Place in London, attempting to find a buyer for the Canary Wharf … Read more>>>

christine sun orangetee

Singapore Home Sales Lowest in Nine Months as Developer Inventories Swell

christine sun orangetee

2023/10/16 by Beatrice Laforga Leave a Comment

Singapore’s housing market continued to slow in September with private home sales plunging by 45 percent from the 394 units sold a month prior, falling to a nine-month low of 217 units as developers were seen holding back project launches… Read More>>

Singapore’s housing market continued to slow in September with private home sales plunging by 45 percent from the 394 … Read more>>>

china-resources-building-hong-kong

China Resources to Raise Up to $1B in Hong Kong IPO and More Asia Real Estate Headlines

china-resources-building-hong-kong

2023/10/16 by Ponrath Sopannarath Leave a Comment

A real estate unit of China Resources plans to raise up to $1 billion in a Hong Kong IPO, with that story leading our roundup of real estate headlines from around the region. Also in the news, the… Read More>>

A real estate unit of China Resources plans to raise up to $1 billion in a Hong Kong IPO, with that story leading our … Read more>>>

Christina Tan of Keppel

Singapore’s Keppel Buys Pair of Sydney School Campuses for $125M

Christina Tan of Keppel

2023/10/16 by Beatrice Laforga Leave a Comment

Singapore property heavyweight Keppel Corp has purchased a pair of school campuses in Sydney on behalf of its private education fund for a total of A$198 million ($125 million), the company announced late Thursday.

The company said its Keppel Education… Read More>>

Singapore property heavyweight Keppel Corp has purchased a pair of school campuses in Sydney on behalf of its private … Read more>>>

Chia Mein Mein - Knight Frank Singapore

Govt Land Sales, Chinese Buyers Drive Singapore Real Estate Investment Rebound in Q3

Chia Mein Mein - Knight Frank Singapore

2023/10/16 by Beatrice Laforga Leave a Comment

Singapore real estate investment rose for the first time in nearly two years in the third quarter with deal volume jumping 75 percent from the previous three months to S$6.9 billion with help from robust government land sales.

A Knight… Read More>>

Singapore real estate investment rose for the first time in nearly two years in the third quarter with deal volume … Read more>>>

Li Changjiang CG Services

Asia Real Estate People in the News 2023-10-15

Li Changjiang CG Services

2023/10/16 by Michael Cole Leave a Comment

A top level change at Country Garden’s property management division leads today’s review of personnel changes across Asia’s real estate industry, with a board change at a Singapore REIT also making the cut. Additional moves include a management shuffle at… Read More>>

A top level change at Country Garden’s property management division leads today’s review of personnel changes across … Read more>>>

Li Xiaopeng, the former chairman of China Everbright Group Ltd. (Image: VCG)

Former China Everbright Boss Arrested for Graft and More Asia Real Estate Headlines

Li Xiaopeng, the former chairman of China Everbright Group Ltd. (Image: VCG)

2023/10/15 by Ponrath Sopannarath Leave a Comment

The arrest of the former chairman of a Chinese financial giant leads today’s collection of real estate headlines from around the region, as the mainland’s graft crackdown continues. Also in the news, Capitaland’s China REIT prices a set of offshore… Read More>>

The arrest of the former chairman of a Chinese financial giant leads today’s collection of real estate headlines from … Read more>>>

ChingChiatKwong oxley holding

Singapore’s Oxley Selling Kuala Lumpur Office Project to Alliance Bank For $86M

ChingChiatKwong oxley holding

2023/10/13 by Beatrice Laforga Leave a Comment

Oxley Holdings is selling an office tower in Kuala Lumpur to Alliance Bank Malaysia for MYR 406 million ($86 million) as the Singapore developer fights sliding revenue and higher debt costs.

Oxley has agreed to sell the Grade A office… Read More>>

Oxley Holdings is selling an office tower in Kuala Lumpur to Alliance Bank Malaysia for MYR 406 million ($86 million) as … Read more>>>

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