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Tembusu Grand

Singapore’s CDL Sees Q1 Sales Plunge 55% as Home Inventory Runs Dry

Tembusu Grand

2023/05/22 by Beatrice Laforga Leave a Comment

City Developments Ltd (CDL) saw its sales plunge 55 percent in the first quarter as it nearly ran out of homes to sell in Singapore’s housing frenzy.

Singapore’s largest non-government-backed developer sold 88 units worth S$213.2 million ($158.4 million) in… Read More>>

City Developments Ltd (CDL) saw its sales plunge 55 percent in the first quarter as it nearly ran out of homes to sell … Read more>>>

Rangu Salgame, Chairman & CEO, Princeton Digital Group

Princeton Digital Group Buys Site for 150MW Malaysia Data Centre Campus

Rangu Salgame, Chairman & CEO, Princeton Digital Group

2023/05/22 by Christopher Caillavet Leave a Comment

Princeton Digital Group has struck a deal to acquire 31 acres (12.5 hectares) of land in Malaysia’s southern Johor state, across the border from Singapore, to develop a 150-megawatt data centre campus.

Warburg Pincus-backed PDG on Monday entered a definitive… Read More>>

Princeton Digital Group has struck a deal to acquire 31 acres (12.5 hectares) of land in Malaysia’s southern Johor … Read more>>>

Joe Tsai - Alibaba

Alibaba Confirms IPO Plan for Cainiao Logistics Arm as Restructuring Moves Ahead

Joe Tsai - Alibaba

2023/05/22 by Christopher Caillavet Leave a Comment

Alibaba has confirmed plans to pursue an initial public offering for its Cainiao logistics unit as the Chinese e-commerce group pushes forward with a restructuring plan announced in March.

Alibaba, which owns 67 percent of the equity in Cainiao Smart… Read More>>

Alibaba has confirmed plans to pursue an initial public offering for its Cainiao logistics unit as the Chinese … Read more>>>

Kennedy Town Site

Tender Opens for Plot in Hong Kong’s Kennedy Town and More Asia Real Estate Headlines

Kennedy Town Site

2023/05/22 by Christopher Caillavet Leave a Comment

In today’s roundup of regional headlines, the Lands Department launches the sale of a Kennedy Town residential plot in Hong Kong’s first government tender of the financial year, and Amazon renews leases for India office park space despite recent job… Read More>>

In today’s roundup of regional headlines, the Lands Department launches the sale of a Kennedy Town residential plot in … Read more>>>

Terence Lo Arch

Asia Real Estate People in the News 2023-05-22

Terence Lo Arch

2023/05/22 by Michael Cole Leave a Comment

A promotion at a leading Hong Kong real estate fund manager leads this week’s roundup of people moves from around Asia, with Singapore’s Daiwa House REIT also making the list alongside new appointments at China Jinmao Holdings and Malaysia’s Tower… Read More>>

A promotion at a leading Hong Kong real estate fund manager leads this week’s roundup of people moves from around Asia, … Read more>>>

Goh Chin Kiong GIC

GIC, Brookfield REIT Form JV to Buy $1.4B in India Office Assets

Goh Chin Kiong GIC

2023/05/21 by Christopher Caillavet Leave a Comment

Singapore sovereign wealth fund GIC has formed a 50:50 joint venture with Brookfield India REIT to buy two commercial assets held by funds managed by the latter’s sponsor, Brookfield Asset Management, with a combined enterprise value of $1.4 billion.

The… Read More>>

Singapore sovereign wealth fund GIC has formed a 50:50 joint venture with Brookfield India REIT to buy two commercial … Read more>>>

Sanghwoi Bae, CEO of ESR Kendall Square REIT

ESR, Hines and CPPIB Star in MTD TV Logistics Forum This Week

Sanghwoi Bae, CEO of ESR Kendall Square REIT

2023/05/21 by Michael Cole Leave a Comment

Developers launched nearly 1.9 million square metres (20 million square feet) of new warehouse space onto the Korean market in the first quarter – setting a new record. However, rents have continued to hold steady as tenants leased four times… Read More>>

Developers launched nearly 1.9 million square metres (20 million square feet) of new warehouse space onto the Korean … Read more>>>

Varun Malik VGAP

Rush Desai’s Varsity Group APAC Hires Former MSCI Exec in Singapore

Varun Malik VGAP

2023/05/21 by Michael Cole Leave a Comment

Rush Desai is adding some senior talent to his team at Varsity Group Asia Pacific in Singapore, with the company announcing late last week that it has hired former MSCI executive Varun Malik as director of business development.

“Varun will… Read More>>

Rush Desai is adding some senior talent to his team at Varsity Group Asia Pacific in Singapore, with the company … Read more>>>

Ben Keswick Hongkong Land

Hongkong Land Says Q1 Underlying Profit Dipped, Touts Retail Rebound

Ben Keswick Hongkong Land

2023/05/21 by Christopher Caillavet Leave a Comment

Hongkong Land’s underlying profit fell in the first quarter of 2023, from year-earlier levels, as fewer sales completions in mainland China reduced its development income.

The contribution from investment properties was marginally above that of last year’s same period, with… Read More>>

Hongkong Land’s underlying profit fell in the first quarter of 2023, from year-earlier levels, as fewer sales … Read more>>>

Singapore’s STT GDC, Ayala Plan $1B Manila Data Centre Campus

2023/05/21 by Beatrice Laforga Leave a Comment

Singapore’s ST Telemedia Global Data Centers (STT GDC) and Philippine conglomerate Ayala Group are investing as much as $1 billion to develop a 124-megawatt data centre campus in Metro Manila, marking the latest move by a regional data centre… Read More>>

Singapore’s ST Telemedia Global Data Centers (STT GDC) and Philippine conglomerate Ayala Group are investing as much as … Read more>>>

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