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Ravi Menon of MAS_cropped

Singapore’s MAS Comfortable with Cooling Market and More Asia Real Estate Headlines

Ravi Menon of MAS_cropped

2023/07/05 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, the managing director of Singapore’s central bank voices confidence in the local property market after a spate of cooling measures, and Blackstone’s BREIT vehicle considers further asset sales. Also making the list today,… Read More>>

In today’s roundup of regional news headlines, the managing director of Singapore’s central bank voices confidence in … Read more>>>

ParkRoyal on Kitchener

Pan Pacific Selling Little India Hotel to Worldwide for $389M in Singapore Record Deal

ParkRoyal on Kitchener

2023/07/05 by Beatrice Laforga Leave a Comment

Pan Pacific Hotels Group is selling the Parkroyal on Kitchener Road hotel in Singapore’s Little India neighbourhood for S$525 million ($389 million) in the city-state’s largest hospitality deal ever.

The hospitality arm of Singapore property conglomerate UOL Group said in… Read More>>

Pan Pacific Hotels Group is selling the Parkroyal on Kitchener Road hotel in Singapore’s Little India neighbourhood for … Read more>>>

Zhang Lei (Getty Images)

Hillhouse Identified as Buyer of $232M ESR-Logos REIT Singapore Portfolio

Zhang Lei (Getty Images)

2023/07/04 by Beatrice Laforga Leave a Comment

Hillhouse Capital has made its first major industrial buy in Singapore with Mingtiandi now able to identify the Chinese private equity major as the buyer of a set of five industrial facilities in the city-state sold by ESR-Logos REIT last… Read More>>

Hillhouse Capital has made its first major industrial buy in Singapore with Mingtiandi now able to identify the Chinese … Read more>>>

Kwek Leng Beng CDL

Singapore’s CDL Buys Seoul Hotel From Shinhan REIT for $110M

Kwek Leng Beng CDL

2023/07/04 by Christopher Caillavet Leave a Comment

City Developments Ltd has acquired a 408-room hotel in Seoul for KRW 140 billion ($110 million), betting on strong demand driven by international visitors to South Korea.

Singapore’s biggest non-state-controlled developer bought the Nine Tree Premier Hotel Myeongdong II from… Read More>>

City Developments Ltd has acquired a 408-room hotel in Seoul for KRW 140 billion ($110 million), betting on strong … Read more>>>

Hui Wing Mau Shimao

Shimao Clinches Deal to Restructure Sheraton Hong Kong Hotel Loans

Hui Wing Mau Shimao

2023/07/04 by Christopher Caillavet Leave a Comment

Shimao Group on Monday announced a “definitive agreement” with lenders to restructure the existing project loan facilities of the troubled developer’s Sheraton & Four Points by Sheraton Tung Chung Hotel in Hong Kong.

Clinched last month, the loan restructuring deal… Read More>>

Shimao Group on Monday announced a “definitive agreement” with lenders to restructure the existing project loan … Read more>>>

Bank of America Tower (Getty Images)

Uncertainties to Pressure Hong Kong Office Rents and More Asia Real Estate Headlines

Bank of America Tower (Getty Images)

2023/07/04 by Christopher Caillavet Leave a Comment

In today’s roundup of regional real estate headlines, property agencies give a grim assessment of Hong Kong’s office market, and Singapore’s presumptive next prime minister climbs the leadership ladder at the central bank and GIC. Also in the news, a… Read More>>

In today’s roundup of regional real estate headlines, property agencies give a grim assessment of Hong Kong’s office … Read more>>>

Jonathan Callaghan

Value Partners Buying $30M Half-Stake in Italian Logistics Portfolio From Cromwell

Jonathan Callaghan

2023/07/03 by Christopher Caillavet Leave a Comment

Australia’s Cromwell Property Group has agreed to a joint venture with Value Partners Group that will see the Hong Kong-based asset manager acquire a 50 percent stake in Cromwell’s portfolio of seven logistics assets in northern Italy.

The sale is… Read More>>

Australia’s Cromwell Property Group has agreed to a joint venture with Value Partners Group that will see the Hong … Read more>>>

The Reserve Residences

Singapore Private Home Prices Fall for First Time in More Than Three Years

The Reserve Residences

2023/07/03 by Christopher Caillavet Leave a Comment

Singapore’s price index for private residential properties fell 0.4 percent in the April-June quarter compared with the first three months of the year, marking the first decline since the first quarter of 2020, according to the Urban Redevelopment Authority’s flash… Read More>>

Singapore’s price index for private residential properties fell 0.4 percent in the April-June quarter compared with the … Read more>>>

IOI Central Boulevard Towers

Singapore Office Rents Flatten in Q2 as New Projects Enter the Market

IOI Central Boulevard Towers

2023/07/03 by Christopher Caillavet Leave a Comment

Grade A office rent growth in Singapore’s central business district slowed for a third straight quarter and nearly ground to a halt in the April-to-June period of 2023, according to JLL.

Gross effective monthly rent for CBD Grade A office… Read More>>

Grade A office rent growth in Singapore's central business district slowed for a third straight quarter and nearly … Read more>>>

GIC chief executive Lim Chow Kiat (Getty Images)

GIC Markets Half-Stake in $332M Perth Mall and More Asia Real Estate Headlines

GIC chief executive Lim Chow Kiat (Getty Images)

2023/07/03 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, Singaporean giant GIC seeks a buyer for its 50 percent stake in an Australian mall, and signs of weakness in China’s property market continue to mount as developers pull back on land buys…. Read More>>

In today’s roundup of regional news headlines, Singaporean giant GIC seeks a buyer for its 50 percent stake in an … Read more>>>

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