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Hong Kong Chief Executive John Lee Meets Media

Hong Kong Adds National Security Clause to Land Sales, Leases of Government Buildings

Hong Kong Chief Executive John Lee Meets Media

2023/02/15 by Greg Isaacson Leave a Comment

The Hong Kong government is defending its right to require bidders in land auctions to meet undefined national security criteria, with the city’s chief executive insisting the policy “has no relevance at all” to developers’ bidding decisions.

John Lee’s comments… Read More>>

The Hong Kong government is defending its right to require bidders in land auctions to meet undefined national security … Read more>>>

Nihat Ercan JLL

JLL Appoints Nihat Ercan as APAC Hotels Group CEO

Nihat Ercan JLL

2023/02/15 by Christopher Caillavet Leave a Comment

JLL has named longtime executive Nihat Ercan as CEO of the consultancy’s Asia Pacific hotels and hospitality group, succeeding Mike Batchelor.

The appointment took immediate effect last Friday, upon which Ercan assumed responsibility for overseeing the hotel platform’s investment sales,… Read More>>

JLL has named longtime executive Nihat Ercan as CEO of the consultancy’s Asia Pacific hotels and hospitality group, … Read more>>>

Jonathan Gray

Blackstone Bullish on India Investments and More Asia Real Estate Headlines 

Jonathan Gray

2023/02/15 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, Blackstone’s president gives assurances that India still figures prominently in the firm’s plans, and analysts dissect the fallout from an increase in buyer’s stamp duty for big-ticket property purchases in Singapore.

Read More>>

In today’s roundup of regional news headlines, Blackstone’s president gives assurances that India still figures … Read more>>>

MTR David Tang

MTR Withdraws Tender for Lantau Island Site in Third Hong Kong Land Sale Fail of 2023

MTR David Tang

2023/02/14 by Beatrice Laforga Leave a Comment

Hong Kong’s MTR Corporation has ended a tender for a HK$10 billion ($1.27 billion) project in northern Lantau island without finding a buyer after the three bids received for the commercial and residential site fell short of the government-backed transport… Read More>>

Hong Kong’s MTR Corporation has ended a tender for a HK$10 billion ($1.27 billion) project in northern Lantau island … Read more>>>

FLCT's 545 Blackburn Road in Monash, Victoria

Robert Wallace Stepping Down as CEO of Frasers’ FLCT for Family Reasons

FLCT's 545 Blackburn Road in Monash, Victoria

2023/02/14 by Christopher Caillavet Leave a Comment

The manager of Frasers Logistics & Commercial Trust announced Tuesday that Robert Wallace is stepping down as chief executive at the Singapore-listed REIT for family reasons.

Wallace will remain as CEO until 31 May, the trust’s manager said in a… Read More>>

The manager of Frasers Logistics & Commercial Trust announced Tuesday that Robert Wallace is stepping down as chief … Read more>>>

Peter Woo of Wheelock (Getty Images)

Wharf Holdings Warns of Full-Year Loss as Mainland Sales Dry Up

Peter Woo of Wheelock (Getty Images)

2023/02/14 by Christopher Caillavet Leave a Comment

Wharf Holdings is bracing to report a full-year loss for 2022 after a slowdown in the Hong Kong developer’s mainland China business.

The blue-chip builder majority-owned by Peter Woo’s Wheelock and Company may post a loss for the 12 months… Read More>>

Wharf Holdings is bracing to report a full-year loss for 2022 after a slowdown in the Hong Kong developer’s mainland … Read more>>>

Yoshiyuki Chosa of GLP

GLP Buys Multi-Level Osaka Warehouse Through Japan Income Fund

Yoshiyuki Chosa of GLP

2023/02/14 by Greg Isaacson Leave a Comment

Asia’s biggest logistics developer GLP has acquired a recently built multi-level warehouse east of Osaka, adding to the company’s $125 billion global portfolio as shed vacancy remains below 2 percent in the Japanese city.

The Singapore-based company purchased the roughly… Read More>>

Asia’s biggest logistics developer GLP has acquired a recently built multi-level warehouse east of Osaka, adding to the … Read more>>>

Singapore housing

Singapore Boosts Taxes on Ultra-Luxury Home Sales and More Asia Real Estate Headlines

Singapore housing

2023/02/14 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, Singapore enacts a fresh round of tax hikes on property purchases to raise extra revenue for the city-state’s coffers, and sovereign fund GIC reportedly has second thoughts about private investments in China.

Read More>>

In today’s roundup of regional news headlines, Singapore enacts a fresh round of tax hikes on property purchases to … Read more>>>

LHN Buys $60M Office Block Near Singapore Management Uni for Co-Living Venture

2023/02/13 by Beatrice Laforga Leave a Comment

Singapore-listed LHN Group continues to add properties to its rental residential portfolio with a deal to purchase a commercial block in the city-state’s Rochor district for S$80 million ($60.1 million), which was revealed in a regulatory filing on Friday.

LHN’s… Read More>>

Singapore-listed LHN Group continues to add properties to its rental residential portfolio with a deal to purchase a … Read more>>>

James Koh Fragrance Group

Fragrance Group Boss Launches Take-Private Bid for Developer Global Dragon

James Koh Fragrance Group

2023/02/13 by Christopher Caillavet Leave a Comment

A privatisation wave continues to play out in Singapore’s property development sector, with Fragrance Group founder James Koh launching a buyout bid for another SGX-listed builder he controls, Global Dragon.

The offer of S$0.12 in cash for each Global Dragon… Read More>>

A privatisation wave continues to play out in Singapore’s property development sector, with Fragrance Group founder … Read more>>>

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