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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>>>

Takashi Ueno Mitsui

Mitsui Unit Buys 12-Storey Tokyo Office Building in Tokenization Play

Takashi Ueno Mitsui

2023/02/13 by Greg Isaacson Leave a Comment

A unit of Japanese conglomerate Mitsui & Co has acquired a 12-storey office building in Tokyo’s central Shibuya ward from a US investment firm, with the aim of offering digital securities backed by the asset in the company’s latest deal… Read More>>

A unit of Japanese conglomerate Mitsui & Co has acquired a 12-storey office building in Tokyo’s central Shibuya ward … Read more>>>

Seazen Group vice chairman Qu Dejun

Vice Chairman of Top 20 Chinese Developer Goes Missing

Seazen Group vice chairman Qu Dejun

2023/02/13 by Greg Isaacson Leave a Comment

The vice chairman of Hong Kong-listed Seazen Group, one of China’s largest homebuilders, has gone missing, with mainland news sources reporting that the executive is cooperating with authorities on an investigation into Dalian Wanda Group, where he previously held top… Read More>>

The vice chairman of Hong Kong-listed Seazen Group, one of China’s largest homebuilders, has gone missing, with mainland … Read more>>>

China Vanke

Vanke Eyes $2.2B Capital Raise to Fund Projects and More Asia Real Estate Headlines

China Vanke

2023/02/13 by Christopher Caillavet Leave a Comment

In today’s roundup of regional real estate news headlines, China’s Vanke announces plans to raise development funds, investors react to Link REIT’s proposed rights issue and Singapore’s Keppel Land joins with a local partner to take on more Vietnam projects.

… Read More>>

In today’s roundup of regional real estate news headlines, China’s Vanke announces plans to raise development funds, … Read more>>>

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