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Stephen Ng Tin-hoi, chairman of Wharf REIC

Hong Kong’s Wharf Puts Mall in Singapore’s Orchard Area on Market for $338M

Stephen Ng Tin-hoi, chairman of Wharf REIC

2024/01/09 by Beatrice Laforga Leave a Comment

Hong Kong-based real estate firm Wharf Real Estate Investment Company (Wharf REIC) is marketing a luxury mall along Singapore’s Orchard Road for S$450 million ($338 million) as the rejuvenation of the premier shopping strip gathers speed.

Its Singapore development subsidiary,… Read More>>

Hong Kong-based real estate firm Wharf Real Estate Investment Company (Wharf REIC) is marketing a luxury mall along … Read more>>>

Henderson Land director Augustine Wong

Henderson Adds to Kowloon Pipeline with Acquisition of Tsim Sha Tsui Building

Henderson Land director Augustine Wong

2024/01/09 by Kevin He Leave a Comment

Henderson Land has secured full ownership of an ageing building in the heart of Hong Kong’s Tsim Sha Tsui district, as the developer continues to build out its presence in Kowloon.

Two months after winning approval from Hong Kong’s Lands… Read More>>

Henderson Land has secured full ownership of an ageing building in the heart of Hong Kong’s Tsim Sha Tsui district, as … Read more>>>

sukmawati Widjaja

Indonesia’s Widjaja Family Marketing Commercial Floor in Singapore’s Orchard Area for $57M

sukmawati Widjaja

2024/01/09 by Beatrice Laforga Leave a Comment

Top Global has put a strata-titled office asset in Singapore up for sale at S$76 million ($57.1 million) as the company owned by Indonesia’s Widjaja family plans to completely exit the commercial building near the Orchard Road shopping strip.

The… Read More>>

Top Global has put a strata-titled office asset in Singapore up for sale at S$76 million ($57.1 million) as the company … Read more>>>

Koichi Nishiyama

Nippon Building Fund Paying $303M to Expand Holdings in Mitsui Tokyo Complex

Koichi Nishiyama

2024/01/09 by Poonyapat Luenam Leave a Comment

TSE-listed Nippon Building Fund announced on Friday that it has agreed to buy more space in a mixed-use complex developed by Mitsui Fudosan in Tokyo for JPY 43.8 billion ($303 million). The company revealed in the same statement that it… Read More>>

TSE-listed Nippon Building Fund announced on Friday that it has agreed to buy more space in a mixed-use complex … Read more>>>

Daniel Ding Knight Frank Singapore

Singapore Deal Volume Fell 32% in 2023 as Government Land Sales Dominated

Daniel Ding Knight Frank Singapore

2024/01/09 by Christopher Caillavet Leave a Comment

Singapore’s property market felt the pressure of rising interest rates in 2023 with investment plunging 31.8 percent to S$21.1 billion ($15.9 billion), according to Knight Frank.

Residential deals, comprising mostly government land sales, amounted to S$10.3 billion or 47.7 percent… Read More>>

Singapore's property market felt the pressure of rising interest rates in 2023 with investment plunging 31.8 percent to … Read more>>>

Wanda Mall in Harbin (Getty Images)

Wanda Shakes Off Debt Woes, IPO Stumble to Remain China’s Top Commercial Developer

Wanda Mall in Harbin (Getty Images)

2024/01/09 by Christopher Caillavet Leave a Comment

Despite credit downgrades, disappearing associates and an aborted mall IPO, Dalian Wanda kept its crown as China’s biggest commercial developer last year, and the race wasn’t close.

Dalian Wanda Commercial Management, the primary holding company for Wanda’s commercial and hospitality… Read More>>

Despite credit downgrades, disappearing associates and an aborted mall IPO, Dalian Wanda kept its crown as China’s … Read more>>>

China’s Wanda Delaying $600 million Bond Payment

Dalian Wanda Transfers Ownership of Foshan Mall and More Asia Real Estate Headlines

China’s Wanda Delaying $600 million Bond Payment

2024/01/09 by Ponrath Sopannarath Leave a Comment

Financially troubled Chinese developer Dalian Wanda has transferred its stake in a Foshan Mall to JV partner Midea Real Estate, with that story leading Mingtiandi’s collection of real estate headlines today. Also making the news, the founder of Korea’s Taeyoung… Read More>>

Financially troubled Chinese developer Dalian Wanda has transferred its stake in a Foshan Mall to JV partner Midea Real … Read more>>>

Christina Tan of Keppel

Keppel Buys Singapore Commercial Complex for $262M on Behalf of PGGM Fund

Christina Tan of Keppel

2024/01/08 by Beatrice Laforga Leave a Comment

Keppel Ltd announced on Monday that it has purchased a commercial complex in Singapore’s Selegie district on behalf of Dutch pension fund and asset manager PGGM for S$348 million ($262 million), confirming earlier media accounts.

The firm formerly known as… Read More>>

Keppel Ltd announced on Monday that it has purchased a commercial complex in Singapore’s Selegie district on behalf of … Read more>>>

Wilson Chen, Tishman Speyer China CEO

Tishman Speyer Fund Buying Shanghai Holiday Inn Express for $50M

Wilson Chen, Tishman Speyer China CEO

2024/01/08 by Kevin He Leave a Comment

An investment fund managed by Manhattan-based developer and investor Tishman Speyer has agreed to acquire a majority stake in a hotel in northeastern Shanghai’s Yangpu district, with the property set to be renovated into serviced apartments operated by Singapore’s Frasers… Read More>>

An investment fund managed by Manhattan-based developer and investor Tishman Speyer has agreed to acquire a majority … Read more>>>

Sanghwoi Bae, CEO of ESR Kendall Square REIT

ESR Kendall Square REIT Eyes Disposals as Korea Logistics Market Matures

Sanghwoi Bae, CEO of ESR Kendall Square REIT

2024/01/08 by Kevin He Leave a Comment

Korean real estate investment trust ESR Kendall Square REIT has identified up to five assets for potential sale this year as Korea’s industrial property market begins to normalise following a surge in supply during the pandemic, according to EKSR chief… Read More>>

Korean real estate investment trust ESR Kendall Square REIT has identified up to five assets for potential sale this … Read more>>>

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