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Lee Chee Koon of CapitaLand Group

CapitaLand Investment Sees Profit Drop 19% in H1 as Deals Dwindle

Lee Chee Koon of CapitaLand Group

2023/08/13 by Beatrice Laforga Leave a Comment

CapitaLand Investment Ltd’s profit after tax and minority interests plunged 19 percent to S$351 million ($260 million) in the first half of the year from S$433 million a year ago as a slow market for asset trades translated into smaller… Read More>>

CapitaLand Investment Ltd’s profit after tax and minority interests plunged 19 percent to S$351 million ($260 million) … Read more>>>

Kwek Leng Beng

CDL, UOL Report First-Half Profit Drops as Investment Gains Dry Up

Kwek Leng Beng

2023/08/13 by Christopher Caillavet Leave a Comment

City Developments Ltd and UOL Group posted first-half profit declines as a lack of large investment gains hit the bottom line at the Singapore-listed builders.

At CDL, net profit after tax and non-controlling interest plunged to S$66.5 million ($49 million)… Read More>>

City Developments Ltd and UOL Group posted first-half profit declines as a lack of large investment gains hit the bottom … Read more>>>

Yang Huiyan Country Garden

China’s Country Garden Warns of $7.7B Loss as Sales Slide

Yang Huiyan Country Garden

2023/08/13 by Kaycee Valmonte Leave a Comment

Country Garden Holdings, China’s largest developer by sales in 2022, warned late Thursday that it expects to report a loss of RMB 45 billion to RMB 55 billion ($6.26 billion to $7.65 billion) for the first six months of the… Read More>>

Country Garden Holdings, China’s largest developer by sales in 2022, warned late Thursday that it expects to report a … Read more>>>

Jennifer Weitzel GLP

GLP Breaks Ground on First Data Centre in Japan

Jennifer Weitzel GLP

2023/08/13 by Christopher Caillavet Leave a Comment

Industrial developer GLP has broken ground on its first data centre project in Japan, a 31-megawatt campus in western Tokyo.

The first of three buildings at the Tokyo West 1 complex is expected to enter service by February 2025 with… Read More>>

Industrial developer GLP has broken ground on its first data centre project in Japan, a 31-megawatt campus in western … Read more>>>

Scalpel office building London

Ho Bee Land Stung by $115M First-Half Loss and More Asia Real Estate Headlines

Scalpel office building London

2023/08/13 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, Singapore’s Ho Bee Land posts a six-month loss tied to the falling value of its London properties, and Chinese developer Fantasia’s shares tumble after a long trading halt. Also making the list are… Read More>>

In today’s roundup of regional news headlines, Singapore’s Ho Bee Land posts a six-month loss tied to the falling value … Read more>>>

94 Pan Hoi Street Quarry BAy

Swire, Henderson Close in on $806M Residential Project in Hong Kong’s Quarry Bay

94 Pan Hoi Street Quarry BAy

2023/08/11 by Mingtiandi Team Leave a Comment

Henderson Land and Swire Properties have moved a step closer to redeveloping a site in Hong Kong’s Quarry Bay with a joint venture between the two property heavyweights recently winning approval for an auction which would pave the way for… Read More>>

Henderson Land and Swire Properties have moved a step closer to redeveloping a site in Hong Kong’s Quarry Bay with a … Read more>>>

Simon Treacy

CapitaLand Sets Up Second India Business Park Fund, Hits $273M in First Closing

Simon Treacy

2023/08/10 by Beatrice Laforga Leave a Comment

CapitaLand Investment (CLI) has raised S$368 million ($273.1 million) in a first closing for its second India business park development strategy as the Singapore property giant expands its private funds business in the world’s largest country.

CLI on Thursday announced… Read More>>

CapitaLand Investment (CLI) has raised S$368 million ($273.1 million) in a first closing for its second India business … Read more>>>

Equinix Logo

Equinix Adding Fourth Mumbai Data Centre and More Asia Real Estate Headlines

Equinix Logo

2023/08/10 by Michael Cole Leave a Comment

One of the largest data centre operators in the US is expanding its India footprint with the news of Equinix’ latest Mumbai location leading today’s roundup of headlines. Also in the news, Hong Kong’s Hysan keeps profits steady despite some… Read More>>

One of the largest data centre operators in the US is expanding its India footprint with the news of Equinix’ latest … Read more>>>

Hongkong Land chairman Ben Keswick

Hongkong Land Denies $2B Exchange Square Sale Plan as Savills Sends Flyers

Hongkong Land chairman Ben Keswick

2023/08/09 by Michael Cole Leave a Comment

The Hong Kong property investment market’s status as a deal desert was confirmed on Wednesday with the appearance of what seems to be a 33-storey mirage.

Property consultancy Savills has prepared a marketing document promoting Three Exchange Square in the… Read More>>

The Hong Kong property investment market’s status as a deal desert was confirmed on Wednesday with the appearance of … Read more>>>

Yang Guoqiang Country Garden

China’s Country Garden Misses Bond Payments Amid Cash Crunch

Yang Guoqiang Country Garden

2023/08/09 by Michael Cole Leave a Comment

Country Garden Holdings has missed interest payments on a pair of offshore bonds, pushing China’s largest developer by sales closer to formal default and raising the spectre of a fresh round of failures in the mainland’s property industry.

The Foshan-based… Read More>>

Country Garden Holdings has missed interest payments on a pair of offshore bonds, pushing China’s largest developer by … Read more>>>

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