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The Reserve Residences

Singapore Home Prices Dip for First Time in Three Years as Supply Rebounds

The Reserve Residences

2023/07/29 by Michael Cole Leave a Comment

The first dip in Singapore’s housing market in three years was confirmed on Friday when the city-state’s government released official figures showing that average prices for new private homes dropped 0.2 percent in the second quarter, compared to the first… Read More>>

The first dip in Singapore’s housing market in three years was confirmed on Friday when the city-state’s government … Read more>>>

evergrande ev tb

Evergrande Car Unit Slides 69% as Trading Resumes and More Asia Real Estate Headlines

evergrande ev tb

2023/07/28 by Michael Cole Leave a Comment

Evergrande may have flunked out of the electric vehicle competition, but it was stuck this week with a $2.8 billion tuition bill, per a story that leads today’s roundup of real estate news from around the region. Also in the… Read More>>

Evergrande may have flunked out of the electric vehicle competition, but it was stuck this week with a $2.8 billion … Read more>>>

Sino-Ocean chairman Li Ming

China’s Sino-Ocean Asks for Extension on $1.8B in Bonds to Stave Off Default

Sino-Ocean chairman Li Ming

2023/07/27 by Michael Cole Leave a Comment

Sino-Ocean Group is appealing to creditors for more time to meet payments coming due by 5 August on $1.8 billion in offshore bonds, according to a statement to the Hong Kong exchange late on Wednesday, as the mainland developer faces… Read More>>

Sino-Ocean Group is appealing to creditors for more time to meet payments coming due by 5 August on $1.8 billion in … Read more>>>

GIC chief executive Lim Chow Kiat (Getty Images)

Singapore’s GIC Ups Real Estate Exposure to 13% on REIT Buyouts

GIC chief executive Lim Chow Kiat (Getty Images)

2023/07/27 by Beatrice Laforga Leave a Comment

Real estate accounted for 13 percent of GIC’s overall portfolio by the end of its fiscal year on 31 March as the Singapore sovereign fund boosted its allocation to the asset class by three percentage points from a year earlier… Read More>>

Real estate accounted for 13 percent of GIC's overall portfolio by the end of its fiscal year on 31 March as the … Read more>>>

Han Khim Siew, CEO of OUE C-REIT

OUE C-REIT Achieves 23% Jump in Net Property Income as Hospitality Bounces Back

Han Khim Siew, CEO of OUE C-REIT

2023/07/27 by Beatrice Laforga Leave a Comment

OUE Commercial REIT booked a 23 percent jump in net property income as it brought in S$115.3 million ($87.11 million) in the first half of the year on the ongoing strength of Singapore’s core office market and a rebound in… Read More>>

OUE Commercial REIT booked a 23 percent jump in net property income as it brought in S$115.3 million ($87.11 million) in … Read more>>>

HSBC Hong Kong HQ

HSBC Raises Hong Kong Prime Rate After Fed Hike and More Asia Real Estate Headlines

HSBC Hong Kong HQ

2023/07/27 by Michael Cole Leave a Comment

The rising price of borrowing leads today’s roundup of regional real estate news as Hong Kong’s largest bank raises interest rates to a 16-year high. Also in the headlines today, a pair of shophouses has changed hands in Singapore’s Serangoon… Read More>>

The rising price of borrowing leads today’s roundup of regional real estate news as Hong Kong’s largest bank raises … Read more>>>

Peter Chun Unisuper

Korea’s NPS Sells 50% Stake in Dexus Aussie Shed Portfolio to UniSuper for $338M

Peter Chun Unisuper

2023/07/27 by Christopher Caillavet Leave a Comment

South Korea’s National Pension Service has sold its 50 percent stake in an industrial property portfolio of 20 assets in Sydney and Melbourne to Australian pension fund UniSuper for more than A$500 million ($338 million).

The portfolio of Dexus-developed properties,… Read More>>

South Korea’s National Pension Service has sold its 50 percent stake in an industrial property portfolio of 20 assets in … Read more>>>

Arpit Agrawal Brookfield

Brookfield and Digital Realty Welcome Reliance Into India Data Centre JV

Arpit Agrawal Brookfield

2023/07/27 by Christopher Caillavet Leave a Comment

Asset management giant Brookfield and data centre trust Digital Realty have brought in Reliance Industries as a local partner in the pair’s existing joint venture to develop, own and operate data centres in India.

Reliance, the conglomerate controlled by billionaire… Read More>>

Asset management giant Brookfield and data centre trust Digital Realty have brought in Reliance Industries as a local … Read more>>>

Far East Shopping Centre

Commercial Complex on Singapore’s Orchard Road Up for Collective Sale at $699M

Far East Shopping Centre

2023/07/27 by Beatrice Laforga Leave a Comment

The Far East Shopping Centre along Orchard Road in Singapore has been put up for collective sale at a price of S$928 million ($699 million) in a move that could add to the rejuvenation of the famous shopping belt.

Owners… Read More>>

The Far East Shopping Centre along Orchard Road in Singapore has been put up for collective sale at a price of S$928 … Read more>>>

Fanling Sheung Shui Town

Northern Hong Kong Site Trades at 23% Discount and More Asia Real Estate Headlines

Fanling Sheung Shui Town

2023/07/27 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, a residential site in Hong Kong’s New Territories changes hands at a big discount, and China appoints a new governor of the nation’s central bank. Also making the list are reactions to the… Read More>>

In today’s roundup of regional news headlines, a residential site in Hong Kong’s New Territories changes hands at a big … Read more>>>

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