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David Teo’s Apricot Capital Closes on Bukit Timah Buy, Readies Co-Living Conversion

2024/02/25 by Beatrice Laforga Leave a Comment

The family of Singapore instant coffee king David Teo has completed their S$105-million ($78.1 million) purchase of a mixed-use property in the city’s upscale Bukit Timah area and is preparing to transform the asset into a combined co-living and retail… Read More>>

The family of Singapore instant coffee king David Teo has completed their S$105-million ($78.1 million) purchase of a … Read more>>>

Jack Ma (Getty Images)

Jack Ma’s Wife Buys Shophouses in Singapore’s Tanjong Pagar at Up to $37M

Jack Ma (Getty Images)

2024/02/23 by Beatrice Laforga Leave a Comment

Despite stamp duties and investigations, wealthy mainland investors are still banking on Singapore properties, with the wife of the country’s best known tech tycoon having purchased a row of shophouses in the Tanjong Pagar area last month for a reported… Read More>>

Despite stamp duties and investigations, wealthy mainland investors are still banking on Singapore properties, with the … Read more>>>

CDPQ president and chief executive officer Charles Emond

CDPQ Set to Slash Jobs at Ivanhoe Cambridge, Otera After 6.2% Loss in 2023

CDPQ president and chief executive officer Charles Emond

2024/02/23 by Kevin He Leave a Comment

Quebec public pension manager Caisse de Dépôt et Placement du Québec (CDPQ) is preparing to reduce headcount at its real estate divisions after the fund manager recorded a 6.2 percent loss on its property investments in 2023 — the only… Read More>>

Quebec public pension manager Caisse de Dépôt et Placement du Québec (CDPQ) is preparing to reduce headcount at its real … Read more>>>

Shopee Parent Struggles to Scale Back in Singapore and More Asia Real Estate Headlines

2024/02/23 by Ponrath Sopannarath Leave a Comment

Shopee parent Sea Ltd appears to be giving up its struggle to find a replacement tenant to take over its 10-year lease in a CapitaLand business park as it scales back its office space, with that story leading Mingtiandi’s headline… Read More>>

Shopee parent Sea Ltd appears to be giving up its struggle to find a replacement tenant to take over its 10-year lease … Read more>>>

Li Ka-shing CK Asset

CK Asset’s Li Ka-shing Keeps Crown as Hong Kong’s Richest Amid Bear Market

Li Ka-shing CK Asset

2024/02/22 by Christopher Caillavet Leave a Comment

Beaten-down shares took a toll on the wealth of Hong Kong’s real estate tycoons in 2023, with Li Ka-shing successfully defending his title of richest Hongkonger despite his fortune shrinking 7.2 percent to $36.2 billion.

CK Asset boss Li and… Read More>>

Beaten-down shares took a toll on the wealth of Hong Kong’s real estate tycoons in 2023, with Li Ka-shing successfully … Read more>>>

Dan McLennan

Macquarie-Backed Local Residential Hits Final Close of $428M Maiden Fund

Dan McLennan

2024/02/22 by Christopher Caillavet Leave a Comment

Local Residential, the Australian build-to-rent platform backed by Macquarie Asset Management, has reached a final closing of its inaugural fund with investments in two Melbourne projects with an end value of A$650 million ($427.9 million).

The fully deployed fund, dubbed… Read More>>

Local Residential, the Australian build-to-rent platform backed by Macquarie Asset Management, has reached a final … Read more>>>

Keiichi Yoshii daiwa house president and ceo

Daiwa House Selling Chiba Warehouse to J-REIT for $200M

Keiichi Yoshii daiwa house president and ceo

2024/02/22 by Poonyapat Luenam Leave a Comment

Daiwa House Industry is selling a logistics facility in Greater Tokyo to a TSE-listed REIT sponsored by the Japanese home builder for JPY 30 billion ($200 million).

Daiwa House REIT Investment Corporation is acquiring DPL Urayasu III in Chiba prefecture,… Read More>>

Daiwa House Industry is selling a logistics facility in Greater Tokyo to a TSE-listed REIT sponsored by the Japanese … Read more>>>

Liam Wee Sin, Group Chief Executive of UOL

UOL Awarded Singapore Orchard Boulevard Site and More Asia Real Estate Headlines

Liam Wee Sin, Group Chief Executive of UOL

2024/02/22 by Ponrath Sopannarath Leave a Comment

A luxury residential tender in Singapore leads today’s roundup of headlines from around the region, with UOL Group winning a site on Orchard Boulevard for $319 million. Also in the news, Brookfield is said to be taking some cash out… Read More>>

A luxury residential tender in Singapore leads today’s roundup of headlines from around the region, with UOL Group … Read more>>>

Wee Lih Koh

Singapore’s Keppel REIT Marketing $230M Seoul Office Tower

Wee Lih Koh

2024/02/21 by Beatrice Laforga Leave a Comment

With Seoul finishing 2023 as one of the world’s strongest office markets, Keppel REIT could be set to cash in the sturdy rents and resilient capital values in the Korean capital, as it markets an office tower in the city’s… Read More>>

With Seoul finishing 2023 as one of the world’s strongest office markets, Keppel REIT could be set to cash in the sturdy … Read more>>>

Gilles Chow of CPPIB

CPPIB to Net $245M Selling Partial Stake in Korea Development JV With ESR and APG

Gilles Chow of CPPIB

2024/02/21 by Christopher Caillavet Leave a Comment

The Canada Pension Plan Investment Board has agreed to the sale of a 21 percent partial interest in the Kendall Square Development Venture with ESR and APG in South Korea, with CPPIB poised to net $245 million in proceeds from… Read More>>

The Canada Pension Plan Investment Board has agreed to the sale of a 21 percent partial interest in the Kendall Square … Read more>>>

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