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Kwek Leng Beng

CDL H1 Profit Soars to Record High After Unloading Millennium Hilton Seoul

Kwek Leng Beng

2022/08/12 by Christopher Caillavet Leave a Comment

City Developments Ltd on Thursday posted a first-half net profit of S$1.1 billion (now $800 million), a record-high result propelled by a one-time gain from the Singapore-based builder’s divestment of the Millennium Hilton Seoul hotel.

Revenue in the first six… Read More>>

City Developments Ltd on Thursday posted a first-half net profit of S$1.1 billion (now $800 million), a record-high … Read more>>>

swire building

Swire Pacific’s $500M Repurchase Plan Sparks Rally and More Asia Real Estate Headlines

swire building

2022/08/12 by Proud Channara Leave a Comment

In today’s roundup of regional news headlines, Swire Pacific’s Hong Kong-listed shares rally after the group announces a $500 million buyback, US-based Barings inks a deal to acquire Australian firm Altis Property Partners, and a think tank with Beike ties… Read More>>

In today’s roundup of regional news headlines, Swire Pacific’s Hong Kong-listed shares rally after the group announces a … Read more>>>

Tomson Group chairman and managing director, Hsu Feng

Admiralty Office Floor Sells at Five-Year Low Price in Slow Hong Kong Market

Tomson Group chairman and managing director, Hsu Feng

2022/08/11 by Beatrice Laforga Leave a Comment

Hong Kong-listed developer Tomson Group is acquiring an office floor in Admiralty for HK$193 million ($25 million), clinching the asset at a unit price of HK$18,161 per square foot which is reportedly the lowest in five years amid muted market… Read More>>

Hong Kong-listed developer Tomson Group is acquiring an office floor in Admiralty for HK$193 million ($25 million), … Read more>>>

Singapore Data Centre Operator to Enter Seoul Market with $400M Project

2022/08/11 by Beatrice Laforga Leave a Comment

Singapore-based hyperscale specialist Empyrion DC plans to invest up to $400 million developing a green 40-megawatt data centre in Seoul’s Gangnam district, as it joins the growing squad of foreign firms crowding into South Korea’s digital infrastructure market.

The subsidiary… Read More>>

Singapore-based hyperscale specialist Empyrion DC plans to invest up to $400 million developing a green 40-megawatt data … Read more>>>

Peter Woo of Wharf

Wharf Holdings H1 Profit Down 95% as Lockdowns Put Clamps on Activity

Peter Woo of Wharf

2022/08/11 by Christopher Caillavet Leave a Comment

Wharf Holdings on Wednesday said its profit attributable to shareholders plunged 95 percent year-on-year to HK$57 million ($7.3 million) in the first half of 2022 as COVID-19 lockdowns in mainland China and Hong Kong caused “severe hardships” to the group’s… Read More>>

Wharf Holdings on Wednesday said its profit attributable to shareholders plunged 95 percent year-on-year to HK$57 … Read more>>>

Rayzone Beijing

APAC Commercial Property Investment Down 17% in H1 as Deal Activity Cools

Rayzone Beijing

2022/08/11 by Christopher Caillavet Leave a Comment

Investment in Asia Pacific commercial real estate tumbled 17 percent year-on-year to $70.9 billion in the first half of 2022 as deal activity eased in several of the region’s major economies, according to JLL.

The office sector remained APAC’s most… Read More>>

Investment in Asia Pacific commercial real estate tumbled 17 percent year-on-year to $70.9 billion in the first half of … Read more>>>

Gauri Shankar Nagabhushanam, CEO, India Business Parks, CapitaLand Investment

CapitaLand Investment to Double India Assets to $8B and More Asia Real Estate Headlines

Gauri Shankar Nagabhushanam, CEO, India Business Parks, CapitaLand Investment

2022/08/10 by Proud Channara Leave a Comment

In today’s roundup of regional news headlines, Singapore’s CapitaLand Investment announces plans to double assets under investment in India, a Hong Kong official throws doubt on a potential waiver of the stamp duty on home purchases, and buyers snap up… Read More>>

In today’s roundup of regional news headlines, Singapore’s CapitaLand Investment announces plans to double assets under … Read more>>>

kris kumar

PAG’s Flow Buying Out Australian Data Centre Operator DXN for $18M 

kris kumar

2022/08/10 by Beatrice Laforga Leave a Comment

PAG-backed data centre platform Flow Digital Infrastructure is entering the Australian market through an A$26 million ($17.97 million) takeover of ASX-listed colocation provider DXN, according to an announcement this week.

Flow’s local subsidiary Flow2Edge Australia has agreed to acquire Perth-based… Read More>>

PAG-backed data centre platform Flow Digital Infrastructure is entering the Australian market through an A$26 million … Read more>>>

The Philips APAC Centre

Philips Selling APAC HQ in Singapore to Ascendas REIT for $76M

The Philips APAC Centre

2022/08/10 by Beatrice Laforga Leave a Comment

Philips has agreed to sell its Asia Pacific headquarters in Singapore’s Toa Payoh area to Ascendas REIT for S$104.8 million ($76.2 million), as the Amsterdam-based conglomerate continues to restructure its global operations.

After selling off its domestic appliance and lighting… Read More>>

Philips has agreed to sell its Asia Pacific headquarters in Singapore’s Toa Payoh area to Ascendas REIT for S$104.8 … Read more>>>

Tim Blackburn Swire

Swire Developing Shenzhen Hotel in Expansion of House Collective Brand

Tim Blackburn Swire

2022/08/10 by Christopher Caillavet Leave a Comment

Swire Properties has revealed plans to open an ultra-luxury hotel in Shenzhen under The House Collective brand, marking the blue-chip developer’s second announcement of a new hotel in less than a month.

As the first entry in Shenzhen for the… Read More>>

Swire Properties has revealed plans to open an ultra-luxury hotel in Shenzhen under The House Collective brand, marking … Read more>>>

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