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Jalan Tembusu Singapore

Sim Lian Places Tops Bid For Singapore Residential Site With $626M Bargain Offer

Jalan Tembusu Singapore

2023/07/19 by Beatrice Laforga Leave a Comment

Local private developer Sim Lian Group placed the higher of just two bids for a residential plot on Jalan Tembusu in eastern Singapore at S$828.8 million ($625.5 million), in a government land sale that drew weaker than expected interest from… Read More>>

Local private developer Sim Lian Group placed the higher of just two bids for a residential plot on Jalan Tembusu in … Read more>>>

Josh Baumgarten Angelo Gordon

Angelo Gordon Hits $1B Final Close of Private Credit Fund, Beating Target

Josh Baumgarten Angelo Gordon

2023/07/19 by Christopher Caillavet Leave a Comment

Angelo Gordon on Monday announced the final closing of its asset-based private credit fund with more than $1 billion of equity commitments, exceeding the alternative investment firm’s $800 million target.

The vehicle focuses on asset-based private credit investments in a… Read More>>

Angelo Gordon on Monday announced the final closing of its asset-based private credit fund with more than $1 billion of … Read more>>>

Michael Arougheti, Chief Executive Officer and President of Ares

Ares Expanding in APAC With Crescent Point Buy and More Asia Real Estate Headlines

Michael Arougheti, Chief Executive Officer and President of Ares

2023/07/19 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, US private equity firm Ares Management agrees to acquire Singapore’s Crescent Point Capital, and Aussie builder Lendlease eyes deep job cuts in its international operations. Also making the list are China developer bonds… Read More>>

In today’s roundup of regional news headlines, US private equity firm Ares Management agrees to acquire Singapore’s … Read more>>>

Lavender-Residence

Singapore Home Sales Drop 73% in June on Dearth of New Projects

Lavender-Residence

2023/07/19 by Beatrice Laforga Leave a Comment

After climbing for five consecutive months, Singapore new private home sales plunged to 278 units last month as a dearth of major condo launches dragged deals to their lowest level since December 2022.

Developer sales, excluding executive condominiums, dropped by… Read More>>

After climbing for five consecutive months, Singapore new private home sales plunged to 278 units last month as a dearth … Read more>>>

Xu Jiayin of Evergrande (Getty Images)

Evergrande Posts Long-Delayed Results, Revealing Two-Year Loss of $81B

Xu Jiayin of Evergrande (Getty Images)

2023/07/18 by Christopher Caillavet Leave a Comment

China Evergrande on Monday posted its long-awaited financial results for 2021 and 2022, with the world’s most indebted developer disclosing hefty but narrowing annual losses and paving the way for a potential resumption of trading in its suspended shares.

Evergrande… Read More>>

China Evergrande on Monday posted its long-awaited financial results for 2021 and 2022, with the world’s most indebted … Read more>>>

David Loh Kim Kang Centurion

Singapore’s Centurion Gets Green Light for HKEX Delisting

David Loh Kim Kang Centurion

2023/07/18 by Christopher Caillavet Leave a Comment

The Hong Kong stock exchange has approved the proposed delisting of Singapore-based rental accommodation specialist Centurion Corp.

The HKEX’s listing committee gave the go-ahead last Thursday, Centurion said Monday in a filing. The plan still requires the approval of shareholders… Read More>>

The Hong Kong stock exchange has approved the proposed delisting of Singapore-based rental accommodation specialist … Read more>>>

Ong Beng Seng

Ong Beng Seng Said Back in Singapore and More Asia Real Estate Headlines

Ong Beng Seng

2023/07/18 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, Singapore property tycoon Ong Beng Seng is reportedly back in the country after a post-arrest jaunt in Bali and Dalian Wanda spooks markets as it wrestles with an offshore bond nearing maturity. Also… Read More>>

In today’s roundup of regional news headlines, Singapore property tycoon Ong Beng Seng is reportedly back in the country … Read more>>>

ng-kok-song gic

Asia Real Estate People in the News 2023-07-17

ng-kok-song gic

2023/07/18 by Michael Cole Leave a Comment

A senior Singapore investment executive leads this week’s round of personnel moves from around the region with a potential shift from the financial to the political realms. Also making the list, a Shenzhen developer gives his son an upgrade and… Read More>>

A senior Singapore investment executive leads this week’s round of personnel moves from around the region with a … Read more>>>

FEC chairman and CEO David Chiu

Hong Kong’s Far East Consortium Marketing Aussie Ritz-Carltons for Reported $342M

FEC chairman and CEO David Chiu

2023/07/18 by Beatrice Laforga Leave a Comment

Hong Kong-based developer Far East Consortium (FEC) is marketing a pair of newly built Ritz-Carlton hotels in Melbourne and Perth with a combined 462 luxury rooms, testing the strength of a rebound in sales of hospitality assets.

The listed firm… Read More>>

Hong Kong-based developer Far East Consortium (FEC) is marketing a pair of newly built Ritz-Carlton hotels in Melbourne … Read more>>>

320x320 Tech Survey

Tech Survey Gauges AI-Readiness in Asia’s Real Estate Industry

320x320 Tech Survey

2023/07/18 by Michael Cole Leave a Comment

ChatGPT launched in November last year and by January the AI-powered software had become the fastest-growing consumer software application in history, according to figures from UBS, with the rapid adoption of the program raising fresh interest in applying artificial intelligence… Read More>>

ChatGPT launched in November last year and by January the AI-powered software had become the fastest-growing consumer … Read more>>>

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