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RGE Group boss Sukanto Tanoto

Wanda Sells Shanghai Bund Hotel to Indonesian Billionaire Tanoto’s Pacific Eagle

RGE Group boss Sukanto Tanoto

2024/01/02 by Kevin He Leave a Comment

Embattled mainland developer Dalian Wanda Group has sold its Wanda Reign on the Bund hotel in Shanghai to the family office of Indonesian pulp and paper billionaire Sukanto Tanoto in a rare purchase of a mainland hotel asset by a… Read More>>

Embattled mainland developer Dalian Wanda Group has sold its Wanda Reign on the Bund hotel in Shanghai to the family … Read more>>>

Vincent Lo of Shui On Land

Shui On Selling 65% Stake in Shanghai Project to State-Backed Fund for $170M

Vincent Lo of Shui On Land

2024/01/02 by Christopher Caillavet Leave a Comment

Shui On Land has agreed to sell a 65 percent equity interest in a Shanghai commercial project to a fund controlled by state-owned insurer Dajia Life for RMB 1.2 billion ($170 million).

The disposal is in line with Shui On’s… Read More>>

Shui On Land has agreed to sell a 65 percent equity interest in a Shanghai commercial project to a fund controlled by … Read more>>>

URA chief executive officer Lim Eng Hwee

Singapore Home Prices Climb 2.7% in Q4 on Launch of Luxury Projects

URA chief executive officer Lim Eng Hwee

2024/01/02 by Beatrice Laforga Leave a Comment

Private home prices in Singapore rose by 2.7 percent in the final three months of 2023, compared to the preceding quarter, as slower sales allowed a few luxury project launches to skew a government price index higher, while growth for… Read More>>

Private home prices in Singapore rose by 2.7 percent in the final three months of 2023, compared to the preceding … Read more>>>

Hui Ka Yan or Xu Jiayin, a Chairperson of Evergrande Group

Evergrande’s Main Onshore Unit Discloses $44B in Unpaid Debts as EV Share Deal Fails

Hui Ka Yan or Xu Jiayin, a Chairperson of Evergrande Group

2024/01/02 by Christopher Caillavet Leave a Comment

The primary mainland unit of China Evergrande has reported more than RMB 316 billion ($44.3 billion) in unpaid due debts, as 2023 drew to a close without completion of a restructuring deal for the world’s most leveraged developer.

The unit,… Read More>>

The primary mainland unit of China Evergrande has reported more than RMB 316 billion ($44.3 billion) in unpaid due … Read more>>>

Daiwa House Logistics Trust chairman Tan Jeh Wuan

Daiwa House Logistics Trust Expands Beyond Japan With Buy of Vietnam Cold Chain Asset

Daiwa House Logistics Trust chairman Tan Jeh Wuan

2024/01/02 by Poonyapat Luenam Leave a Comment

Daiwa House Logistics Trust is expanding beyond its home market of Japan with the SGX-listed REIT having agreed to acquire a newly built warehouse near Ho Chi Minh City from its sponsor for VND 483 billion ($20 million).

The trust… Read More>>

Daiwa House Logistics Trust is expanding beyond its home market of Japan with the SGX-listed REIT having agreed to … Read more>>>

CICC, New China Life Set Up $1.4B Property Fund and More Asia Real Estate Headlines

2024/01/02 by Ponrath Sopannarath Leave a Comment

State-owned New China Life and CICC have set up a $1.4 billion fund to invest in companies with real estate projects, with that story leading Mingtiandi’s roundup of headlines. Also in the news, mainland home sales continue their slide despite… Read More>>

State-owned New China Life and CICC have set up a $1.4 billion fund to invest in companies with real estate projects, … Read more>>>

Jessica Tan Ping An3

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

Jessica Tan Ping An3

2024/01/01 by Michael Cole Leave a Comment

A top management change at Ping An Insurance leads Mingtiandi’s first review of personnel moves around Asia for 2024, with the mainland financial giant naming its now former co-CEO to a non-executive director role. Also making the list is a… Read More>>

A top management change at Ping An Insurance leads Mingtiandi’s first review of personnel moves around Asia for 2024, … Read more>>>

Nguyen Van Thanh Vietnam

Vietnam Tracking Down Van Thinh Phat Assets at Home and Abroad

Nguyen Van Thanh Vietnam

2023/12/31 by Michael Cole Leave a Comment

Having earlier this month charged former Van Thinh Phat boss Truong My Lan and 85 co-defendants with embezzling VND 304 trillion ($12 billion), Vietnamese authorities now say they are tracking the company’s laundering of its ill-gotten cash through real estate… Read More>>

Having earlier this month charged former Van Thinh Phat boss Truong My Lan and 85 co-defendants with embezzling VND 304 … Read more>>>

Gan Kim Yong MITI Singapore

Singapore Rolls Out Biggest Industrial Land Sale Plan in a Decade, Despite Dim Demand

Gan Kim Yong MITI Singapore

2023/12/31 by Beatrice Laforga Leave a Comment

Singapore is set to auction off 29 percent more industrial land in the first half of 2024 in its biggest offering of shed sites in a decade, although experts anticipate tepid bidding amid a slowing market.

In releasing its sale… Read More>>

Singapore is set to auction off 29 percent more industrial land in the first half of 2024 in its biggest offering of … Read more>>>

Taeyoung Selling Stake in KKR JV in Restructuring and More Asia Real Estate Headlines

2023/12/31 by Ponrath Sopannarath Leave a Comment

Distress in Korea’s property market leads Mingtiandi’s first headline roundup of 2024, with the parent of one of the country’s largest construction firms filing a debt workout plan. Also in the news, the Guangzhou city government is getting… Read More>>

Distress in Korea’s property market leads Mingtiandi’s first headline roundup of 2024, with the parent of one of the … Read more>>>

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