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Ariel Chan Hang Lung

Hang Lung’s Ronnie Chan Retiring, Son Adriel Taking Over Chairman Spot at Hong Kong Builder

Ariel Chan Hang Lung

2024/01/30 by Christopher Caillavet Leave a Comment

The third generation is taking the helm at one of Hong Kong’s oldest and largest property developers, with Hang Lung Properties on Tuesday announcing the appointment of Adriel Chan as chairman to succeed his father, Ronnie Chan, who is retiring.

… Read More>>

The third generation is taking the helm at one of Hong Kong’s oldest and largest property developers, with Hang Lung … Read more>>>

Tan Swee Yiow Keppel

Keppel REIT Posts 2% DPU Drop as Borrowing Costs Rise, Interest Income Slumps

Tan Swee Yiow Keppel

2024/01/30 by Christopher Caillavet Leave a Comment

Singapore-listed Keppel REIT posted a 2 percent drop in distribution per unit for 2023 as borrowing costs jumped 16 percent and interest income plunged 70.9 percent.

Full-year net property income rose 3.7 percent to S$182.4 million ($136.2 million), boosted by… Read More>>

Singapore-listed Keppel REIT posted a 2 percent drop in distribution per unit for 2023 as borrowing costs jumped 16 … Read more>>>

Stuart Crow JLL

China Q4 Deal Volume Leads Region as State-Backed Buyers Drive 50% Spike

Stuart Crow JLL

2024/01/30 by Christopher Caillavet Leave a Comment

China outpaced all Asia Pacific countries in fourth-quarter commercial real estate deals, with asset purchases by state-owned groups propelling a 50 percent year-on-year rise in mainland investment volume to $11.1 billion, according to JLL.

While Asia’s biggest economy led the… Read More>>

China outpaced all Asia Pacific countries in fourth-quarter commercial real estate deals, with asset purchases by … Read more>>>

Hong Kong Home Prices Fell 6.8% in 2023 and More Asia Real Estate Headlines

2024/01/30 by Ponrath Sopannarath Leave a Comment

The ongoing slide in Hong Kong’s housing market leads Mingtiandi’s roundup of headlines from around the region, with official figures for 2023 showing a 6.8 percent decline in prices. Also in the news, Blackstone has hired a Washington, DC veteran… Read More>>

The ongoing slide in Hong Kong’s housing market leads Mingtiandi’s roundup of headlines from around the region, with … Read more>>>

Evergrande Real Estate Group Chairman of the Board Hui Ka-yan attends Evergrande Real Estate result announcement at the JW Marriott in Admiralty. 29MAR16 SCMP/ Nora Tam

Hong Kong Court Orders Wind-Up of China Evergrande as Liquidators Appointed

Evergrande Real Estate Group Chairman of the Board Hui Ka-yan attends Evergrande Real Estate result announcement at the JW Marriott in Admiralty. 29MAR16 SCMP/ Nora Tam

2024/01/29 by Kevin He Leave a Comment

China Evergrande Group was issued a wind-up order by Hong Kong’s High Court on Monday, setting in motion the liquidation of a company once ranked as China’s largest developer as it struggles with $329 billion in debts against $240 billion… Read More>>

China Evergrande Group was issued a wind-up order by Hong Kong’s High Court on Monday, setting in motion the liquidation … Read more>>>

Liu haoling CIC

Asia Real Estate People in the News 2024-01-29

Liu haoling CIC

2024/01/29 by Michael Cole Leave a Comment

Top-level moves at a pair of Asian government funds lead this week’s edition of People in the News, with China’s CIC set to name a new leader and Malaysia’s EPF ready for a new CEO to take over next month…. Read More>>

Top-level moves at a pair of Asian government funds lead this week’s edition of People in the News, with China’s CIC set … Read more>>>

Emilia -TE

TE Capital, LaSalle Complete $331M Buy of Singapore’s VisionCrest Commercial

Emilia -TE

2024/01/29 by Christopher Caillavet Leave a Comment

TE Capital Partners and LaSalle Investment Management have completed their S$450 million ($331 million) acquisition of the VisionCrest Commercial building in Singapore’s Orchard area, finalising the biggest office deal announced in the city-state in 2023.

The joint venture is between… Read More>>

TE Capital Partners and LaSalle Investment Management have completed their S$450 million ($331 million) acquisition of … Read more>>>

IOI Properties executive vice chairman Lee Yeow Seng (IOIGroup.com)

Malaysia’s IOI Properties Boosts Hotel Portfolio with $35M Buy of Penang Marriott

IOI Properties executive vice chairman Lee Yeow Seng (IOIGroup.com)

2024/01/29 by Beatrice Laforga Leave a Comment

IOI Properties Group continues to boost its hospitality holdings with the Malaysia developer agreeing to purchase a 199-key hotel in Penang from local developer Tropicana Corp for RM 165 million ($35 million).

IOI on Friday signed a sale and purchase… Read More>>

IOI Properties Group continues to boost its hospitality holdings with the Malaysia developer agreeing to purchase a … Read more>>>

Bob-Tan-2

CapitaLand Ascott Trust Posts 25% Distribution Jump for 2023

Bob-Tan-2

2024/01/29 by Christopher Caillavet Leave a Comment

The global travel recovery drove demand at CapitaLand Ascott Trust in 2023, with the Singapore-listed lodging REIT’s full-year distribution rising 25 percent to S$237 million ($176.7 million).

CLAS, a stapled trust comprising CapitaLand Ascott REIT and CapitaLand Ascott Business Trust,… Read More>>

The global travel recovery drove demand at CapitaLand Ascott Trust in 2023, with the Singapore-listed lodging REIT’s … Read more>>>

Keith Fujii LaSalle

LaSalle to Break Ground on Nagoya Warehouse in Third Japanese Logistics Project of 2024

Keith Fujii LaSalle

2024/01/29 by Poonyapat Luenam Leave a Comment

LaSalle Investment Management is ready to break ground on its third Japanese logistics facility in less than a month with the private equity unit of JLL partnering with local developer Nippo Corporation for a 80,740 square metre (869,080 square foot)… Read More>>

LaSalle Investment Management is ready to break ground on its third Japanese logistics facility in less than a month … Read more>>>

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MTD TV

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