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Simon-Garing Cromwell EREIT

BlackRock Sells Down Stake in Cromwell EREIT as Singapore Trusts Slide

Simon-Garing Cromwell EREIT

2023/01/03 by Greg Isaacson Leave a Comment

BlackRock Inc. has ceased to be a substantial unitholder in Cromwell European REIT (CEREIT) after selling down its stake in the SGX-listed trust, as Europe’s property sector faces growing headwinds and rising bond yields dampen the appeal of Singaporean REITs.

… Read More>>

BlackRock Inc. has ceased to be a substantial unitholder in Cromwell European REIT (CEREIT) after selling down its stake … Read more>>>

Store Capital GIC (Getty Images)

Singapore’s GIC Leads Sovereign Funds After Boosting Spending to $40.3B in 2022

Store Capital GIC (Getty Images)

2023/01/03 by Christopher Caillavet Leave a Comment

Singapore’s GIC once again led all sovereign wealth and pension funds with $40.3 billion deployed in 2022, a “very challenging” year in which the state-owned investor segment shrank in terms of asset value for the first time ever, according to… Read More>>

Singapore’s GIC once again led all sovereign wealth and pension funds with $40.3 billion deployed in 2022, a “very … Read more>>>

Sun Hung Kai Properties chairman Raymond Kwok Ping-luen

SHKP Tops Out Supertall Shanghai ITC Tower as Mainland Office Market Struggles

Sun Hung Kai Properties chairman Raymond Kwok Ping-luen

2023/01/03 by Mingtiandi Team Leave a Comment

Hong Kong developer Sun Hung Kai Properties held the topping-out ceremony for the main office tower at its International Trade City (ITC) project in Shanghai’s Xujiahui area on 29 December, adding 70 storeys of office space to the company’s portfolio… Read More>>

Hong Kong developer Sun Hung Kai Properties held the topping-out ceremony for the main office tower at its International … Read more>>>

Lentor-Hills-Residences Singapore

Singapore Home Price Growth Slows to 0.2% in Q4 as Market Cools 

Lentor-Hills-Residences Singapore

2023/01/03 by Beatrice Laforga Leave a Comment

Limited project launches have slowed down home sales and dampened Singapore’s housing market in the fourth quarter, causing prices for new private homes to rise by a mere 0.2 percent from the preceding three months and temper full-year price growth… Read More>>

Limited project launches have slowed down home sales and dampened Singapore’s housing market in the fourth quarter, … Read more>>>

EC World REIT CEO Goh Toh Sim

EC World REIT Wins 2-Month Reprieve for $114M Debt Repayment, With Strings Attached

EC World REIT CEO Goh Toh Sim

2023/01/03 by Christopher Caillavet Leave a Comment

EC World REIT has received permission from lenders to delay paying off $114 million in debt that came due on 31 December, contingent on the Singapore-listed trust making a partial repayment and completing a planned divestment of two mainland China… Read More>>

EC World REIT has received permission from lenders to delay paying off $114 million in debt that came due on 31 … Read more>>>

Evergrande Real Estate Group Chairman of the Board Hui Ka-yan attends Evergrande Real Estate result announcement at the JW Marriott in Admiralty. 29MAR16 SCMP/ Nora Tam

Evergrande Boss Commits to Repaying Debt and More Asia Real Estate Headlines

Evergrande Real Estate Group Chairman of the Board Hui Ka-yan attends Evergrande Real Estate result announcement at the JW Marriott in Admiralty. 29MAR16 SCMP/ Nora Tam

2023/01/03 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, China Evergrande’s Xu Jiayin promises results in a New Year message to employees, and the developer’s electric car unit prepares for a round of layoffs and salary cuts.

Evergrande Vows… Read More>>

In today’s roundup of regional news headlines, China Evergrande’s Xu Jiayin promises results in a New Year message to … Read more>>>

Seo Won-joo NPS

Asia Real Estate People in the News 2023-01-02

Seo Won-joo NPS

2023/01/02 by Michael Cole Leave a Comment

Reports of a new head of investment for one of Asia’s largest pension funds lead Mingtiandi’s first roundup of personnel moves for 2023, with Malaysia’s GuocoLand also making the list. Besides those updates, a former Shanghai developer was handed 19… Read More>>

Reports of a new head of investment for one of Asia’s largest pension funds lead Mingtiandi’s first roundup of personnel … Read more>>>

Li Xin China Resources Land

CFLD Offloading $1.8B in Mainland Projects to China Resources Land

Li Xin China Resources Land

2022/12/30 by Greg Isaacson Leave a Comment

China Fortune Land Development is selling its interests in three mixed-use projects in the cities of Wuhan and Nanjing to mainland property giant China Resources Land for a total of RMB 12.4 billion ($1.8 billion), as the default-prone developer moves… Read More>>

China Fortune Land Development is selling its interests in three mixed-use projects in the cities of Wuhan and Nanjing … Read more>>>

Chongqing Skyline

Chongqing Loosens Homebuying Restrictions and More Asia Real Estate Headlines

Chongqing Skyline

2022/12/30 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, China’s sprawling Chongqing joins the list of mainland cities easing homebuying restrictions, and NYSE-listed Xinyuan Real Estate posts a ballooning loss for the first half of 2022.

Chongqing Joins Dongguan,… Read More>>

In today’s roundup of regional news headlines, China’s sprawling Chongqing joins the list of mainland cities easing … Read more>>>

Starhill Global REIT chairman Francis Yeoh (Getty Images)

Starhill Global REIT Selling Tokyo Commercial Building for $14M

Starhill Global REIT chairman Francis Yeoh (Getty Images)

2022/12/30 by Christopher Caillavet Leave a Comment

Singapore-listed Starhill Global REIT has agreed to sell its Daikanyama commercial building in Tokyo to an undisclosed buyer for JPY 1.88 billion ($14 million).

The price represents a 39.1 percent premium to the latest valuation and a 2.9 percent premium… Read More>>

Singapore-listed Starhill Global REIT has agreed to sell its Daikanyama commercial building in Tokyo to an undisclosed … Read more>>>

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