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Evergrande Real Estate Group Chairman of the Board Hui Ka-yan (Getty Images)

Evergrande Clinches Deal to Restructure $19.1B in Offshore Debt

Evergrande Real Estate Group Chairman of the Board Hui Ka-yan (Getty Images)

2023/03/23 by Christopher Caillavet Leave a Comment

The wait is over for details of China Evergrande’s debt restructuring plan, with the world’s most leveraged developer saying Wednesday that it had secured binding agreements with holders of $19.1 billion of the company’s offshore debt.

The term sheets published… Read More>>

The wait is over for details of China Evergrande’s debt restructuring plan, with the world’s most leveraged developer … Read more>>>

Sutas Kongdumrongkiat NTT

NTT to Develop $90M Data Centre in Thailand’s Eastern Economic Corridor

Sutas Kongdumrongkiat NTT

2023/03/23 by Christopher Caillavet Leave a Comment

The IT infrastructure division of Japanese telecom group NTT is investing THB 3 billion ($90 million) to develop a 12-megawatt data centre as the company’s largest facility in Thailand.

Located 57 kilometres (35.4 miles) from central Bangkok at Amata City… Read More>>

The IT infrastructure division of Japanese telecom group NTT is investing THB 3 billion ($90 million) to develop a … Read more>>>

45 Barker Road Hong Kong

Mansion on Hong Kong’s Peak Eyes Asia Price Record and More Asia Real Estate Headlines

45 Barker Road Hong Kong

2023/03/23 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, a mainland buyer circles a Hong Kong mansion for a potential record-breaking deal, and Evergrande’s restructuring plan receives lukewarm reviews.

Barker Road Mansion Set to Sell for Record Price Per… Read More>>

In today’s roundup of regional news headlines, a mainland buyer circles a Hong Kong mansion for a potential … Read more>>>

jeffrey perlman ESR

ESR Grew Earnings 10% to $1.2B in 2022, AUM Hit Record High

jeffrey perlman ESR

2023/03/22 by Beatrice Laforga Leave a Comment

Growth in fee income and disposals of non-core assets helped propel developer and fund manager ESR Group to a 10 percent increase in profit last year, despite challenging market conditions, according to financial results released by the company on Wednesday.

… Read More>>

Growth in fee income and disposals of non-core assets helped propel developer and fund manager ESR Group to a 10 percent … Read more>>>

Ben Taylor Nuveen

Nuveen, Phoenix, GreenFort and Scape Explore Australia to Close Out Residential Forum

Ben Taylor Nuveen

2023/03/22 by Christopher Caillavet Leave a Comment

The fourth and final session of Mingtiandi’s APAC Residential Forum journeys to Australia on Thursday for a panel discussion examining the country’s investment market for living spaces.

Mingtiandi founder Michael Cole will host four experts on residential investment Down Under:… Read More>>

The fourth and final session of Mingtiandi’s APAC Residential Forum journeys to Australia on Thursday for a panel … Read more>>>

Sofitel Brisbane Central - Facade

Singapore’s CDL Buys Brisbane Hotel From Brookfield for $119M

Sofitel Brisbane Central - Facade

2023/03/22 by Beatrice Laforga Leave a Comment

City Developments Ltd has agreed to buy a five-star hotel in central Brisbane from Canada’s Brookfield Asset Management for A$177.7 million ($119 million), as Australia continues to attract Singaporean investors.

CDL, through a joint venture equally owned by its Millennium… Read More>>

City Developments Ltd has agreed to buy a five-star hotel in central Brisbane from Canada’s Brookfield Asset Management … Read more>>>

Parry Ave URA site Singapore

Singapore Assisted Living Tender Draws Four Bids and More Asia Real Estate Headlines

Parry Ave URA site Singapore

2023/03/22 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, the tender for a private assisted living project in Singapore’s Kovan neighbourhood attracts meagre interest, and China’s Agile Group warns of an eye-popping 2022 loss.

URA Tender Draws Four Bids… Read More>>

In today’s roundup of regional news headlines, the tender for a private assisted living project in Singapore’s Kovan … Read more>>>

Japan BTR panel

AEW, Varsity Group, JLL, Greenberg Traurig Cite Resilience of Japan Apartments: MTD TV

Japan BTR panel

2023/03/21 by Beatrice Laforga Leave a Comment

https://player.vimeo.com/video/810020383?h=3bfc7ae8f9Video can’t be loaded because JavaScript is disabled: Mingtiandi APAC Residential Forum 2023: Multi-Family Investment in Japan (https://player.vimeo.com/video/810020383?h=3bfc7ae8f9)

Japan’s multi-family market is set to continue to be a top investment target for institutional investors despite a decline… Read More>>

https://player.vimeo.com/video/810020383?h=3bfc7ae8f9 Japan’s multi-family market is set to continue to be a top … Read more>>>

Wendell Cox Demographia

Hong Kong Still World’s Least Affordable Housing Market Despite Property Slump

Wendell Cox Demographia

2023/03/21 by Christopher Caillavet Leave a Comment

Hong Kong has defied an ongoing property slump to maintain its distinction as the world’s least affordable housing market, according to the results of a Demographia survey.

The median home price in the Asian financial hub stood at 18.8 times… Read More>>

Hong Kong has defied an ongoing property slump to maintain its distinction as the world’s least affordable housing … Read more>>>

Boustead Singapore chairman Wong Fong Fui

Boustead Projects Set for Delisting After Offer Acceptance Crosses 90%

Boustead Singapore chairman Wong Fong Fui

2023/03/21 by Christopher Caillavet Leave a Comment

SGX-listed Boustead Singapore has received acceptances from shareholders representing more than 90 percent of the issued shares in Boustead Projects, setting the stage for the investment firm to delist the property and construction division and take it private.

Valid acceptances… Read More>>

SGX-listed Boustead Singapore has received acceptances from shareholders representing more than 90 percent of the issued … Read more>>>

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MTD TV

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