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Gordon Tang Singhaiyi

Gordon and Celine Tang Clinch Chip Eng Seng Buyout as Acceptances Surpass 90%

Gordon Tang Singhaiyi

2023/02/17 by Christopher Caillavet Leave a Comment

After two deadline extensions, Gordon and Celine Tang have hit the magic number in their take-private bid for Singapore-listed Chip Eng Seng, with the mainland money managers securing acceptances from more than 90 percent of the builder’s shareholders by the… Read More>>

After two deadline extensions, Gordon and Celine Tang have hit the magic number in their take-private bid for … Read more>>>

Liu He Davos tb

China New Home Prices Rise for First Time in a Year as Supportive Measures Kick in

Liu He Davos tb

2023/02/17 by Greg Isaacson Leave a Comment

New home prices in mainland China rose for the first time last month since January 2022, as the loosening of COVID restrictions and the launch of supportive policies helped stabilise demand in the country’s struggling housing market.

January’s 0.1 percent… Read More>>

New home prices in mainland China rose for the first time last month since January 2022, as the loosening of COVID … Read more>>>

WeWork Collyer Quay

WeWork Still Waiting to Turn a Profit After Q4 Miss and More Asia Real Estate Headlines

WeWork Collyer Quay

2023/02/17 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, WeWork reports a quarterly loss nearly $200 million greater than what analysts predicted as the flexible office giant’s long-promised profitability remains far off.

WeWork Misses Analyst Views With $527M Q4… Read More>>

In today’s roundup of regional news headlines, WeWork reports a quarterly loss nearly $200 million greater than what … Read more>>>

Steve Hyunsuk Oh, CEO of Igis Asia

IGIS Asia Raising Total of $630M for Life Science Ventures

Steve Hyunsuk Oh, CEO of Igis Asia

2023/02/16 by Greg Isaacson Leave a Comment

IGIS Asia Investment Management, the Singapore-based investment arm of South Korea’s IGIS Asset Management, has teamed up with a leading Korean biopharmaceuticals group to launch a new platform for life science real estate investments across Asia Pacific.

The venture, which… Read More>>

IGIS Asia Investment Management, the Singapore-based investment arm of South Korea’s IGIS Asset Management, has teamed … Read more>>>

Xu Jiayin of Evergrande (Getty Images)

Evergrande Raps Former CEO, Two Other Execs for $2B Loan Scheme

Xu Jiayin of Evergrande (Getty Images)

2023/02/16 by Christopher Caillavet Leave a Comment

China Evergrande on Wednesday chided three former executives for their roles in a scheme in which loans secured by pledge guarantees were transferred and diverted back to the debt-saddled developer via 36 unnamed third parties and used for general operations.

… Read More>>

China Evergrande on Wednesday chided three former executives for their roles in a scheme in which loans secured by … Read more>>>

Otemachi Place East Tower

Japan Outperforms as APAC Delivers Weakest Q4 for Dealmaking Since 2012: MSCI

Otemachi Place East Tower

2023/02/16 by Christopher Caillavet Leave a Comment

Commercial property investment in Asia Pacific totalled $32.6 billion in the fourth quarter of 2022, plunging 52 percent year-on-year, as interest rate hikes and uncertainty about the pricing outlook took a toll, according to MSCI Real Assets.

The investment figure… Read More>>

Commercial property investment in Asia Pacific totalled $32.6 billion in the fourth quarter of 2022, plunging 52 percent … Read more>>>

Annie Woo Savills

Savills Appoints Annie Woo to Roll Out Integrated Advisory Service in Asia

Annie Woo Savills

2023/02/16 by Christopher Caillavet Leave a Comment

Savills has named Annie Woo as its regional director and head of integrated real estate advisory services for Asia, based in Singapore.

IREAS is a new Savills service line dedicated to a wide spectrum of urban development and optimisation advisory… Read More>>

Savills has named Annie Woo as its regional director and head of integrated real estate advisory services for Asia, … Read more>>>

ESR-Tianjin-Logistics-Park-

GIC Still Scouting for China Deals Despite Reports and More Asia Real Estate Headlines

ESR-Tianjin-Logistics-Park-

2023/02/16 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, Singapore’s GIC says it’s still looking to invest in China after a report said it was pausing activity in the country, while South Korea’s sovereign wealth fund reports a record yearly loss.

Read More>>

In today’s roundup of regional news headlines, Singapore’s GIC says it’s still looking to invest in China after a report … Read more>>>

Sceneca Residence

Singapore Private Home Sales Bounce Back but Remain Below 2022 Levels

Sceneca Residence

2023/02/15 by Christopher Caillavet Leave a Comment

Developers sold 391 homes in Singapore last month, more than doubling the 170 units transacted in December but still lower than the January 2022 total, according to data from the Urban Redevelopment Authority.

Sales of new private homes (excluding executive… Read More>>

Developers sold 391 homes in Singapore last month, more than doubling the 170 units transacted in December but still … Read more>>>

Meng Jing CFLD

Co-President of China’s CFLD Detained on Unspecified Charges

Meng Jing CFLD

2023/02/15 by Christopher Caillavet Leave a Comment

China Fortune Land Development has become the latest mainland builder to suffer from an acute case of director disappearance after the former top 10 developer said it received notice that Meng Jing, a CFLD director and co-president, was detained by… Read More>>

China Fortune Land Development has become the latest mainland builder to suffer from an acute case of director … Read more>>>

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