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PropertyGuru Plans Expansion After NYSE SPAC Debut Next Month

2022/02/17 by Beatrice Laforga Leave a Comment

Singapore-based PropertyGuru is set to complete its listing on the New York Stock Exchange next month despite widening net losses, with the online marketplace operator planning to use the proceeds of the share sale to expand its fintech business and… Read More>>

Singapore-based PropertyGuru is set to complete its listing on the New York Stock Exchange next month despite widening … Read more>>>

Hui Wing Mau Shimao

Shimao Seeks Extension on $947M in Trusts and More Asia Real Estate Headlines

Hui Wing Mau Shimao

2022/02/17 by Pimfha Chandhapradit Leave a Comment

In today’s roundup of regional news headlines, cash-strapped Shimao Group reportedly seeks a multi-year extension to repay over $900 million owed on high-yield trust products, Hong Kong boss Carrie Lam asks the city’s big developers to provide space for isolating… Read More>>

In today’s roundup of regional news headlines, cash-strapped Shimao Group reportedly seeks a multi-year extension to … Read more>>>

Jonathan Gray

Blackstone Asia Strategy Wins $200M Commitment From Virginia Pension Fund

Jonathan Gray

2022/02/16 by Christopher Caillavet Leave a Comment

Private equity giant Blackstone secured a $200 million capital commitment for its third Asia property fund from the Virginia Retirement System in December, part of nearly $2.4 billion in fresh funds earmarked for the vehicle during the final quarter of… Read More>>

Private equity giant Blackstone secured a $200 million capital commitment for its third Asia property fund from the … Read more>>>

Ram Quarter

Greenland Group Sells Off Slice of London Project as Mainland Developers Trim Sails

Ram Quarter

2022/02/16 by Michael Cole Leave a Comment

Mainland Chinese developers continue to wind down their overseas holdings with the UK unit of Shanghai Greenland Group revealing to Mingtiandi that it has sold off the final two phases of a project which it purchased for £135.7 million ($184… Read More>>

Mainland Chinese developers continue to wind down their overseas holdings with the UK unit of Shanghai Greenland Group … Read more>>>

Wong Siew Ying

Singapore Notches Second-Highest January New Home Sales Since 2014 

Wong Siew Ying

2022/02/16 by Beatrice Laforga Leave a Comment

Singapore homebuyers have shrugged off the latest government attempts to cool down the housing market, with the city-state recording its second-busiest January housing market in the past eight years, according to data released this week.

“It is the highest private… Read More>>

Singapore homebuyers have shrugged off the latest government attempts to cool down the housing market, with the … Read more>>>

Evergrande Xu Jiayin

Evergrande Assets Frozen by Mainland Courts and More Asia Real Estate Headlines

Evergrande Xu Jiayin

2022/02/16 by Michael Cole Leave a Comment

Fresh trouble for flailing China Evergrande Group leads Mingtiandi’s headline roundup today as a construction firm controlled by the Shanghai government succeeds in having two sets of the developer’s assets frozen by courts.

Also in the news… Read More>>

Fresh trouble for flailing China Evergrande Group leads Mingtiandi’s headline roundup today as a construction firm … Read more>>>

SEA Holdings CEO Lambert L

Luxury Residential Site in Hong Kong’s Repulse Bay Sells for Record Price

SEA Holdings CEO Lambert L

2022/02/16 by Michael Cole Leave a Comment

A plot in Hong Kong’s Repulse Bay area has attracted a record high price for a residential site sold at government auction, with local developer SEA Holdings besting eight competing bids with a HK$1.19 billion ($152.3 million) tender.

The Hong… Read More>>

A plot in Hong Kong’s Repulse Bay area has attracted a record high price for a residential site sold at government … Read more>>>

Claire Tang Lasalle

TE Capital, LaSalle Close on $240M Buy of Singapore’s PIL Building

Claire Tang Lasalle

2022/02/15 by Beatrice Laforga Leave a Comment

Local private equity firm TE Capital Partners and LaSalle Investment Management have completed the acquisition of an office building on Cecil Street in downtown Singapore for S$323.8 million ($240.6 million), in a bid to ride an office market recovery driven… Read More>>

Local private equity firm TE Capital Partners and LaSalle Investment Management have completed the acquisition of an … Read more>>>

Kelvin Chow Lendlease

Lendlease REIT to Buy Out Jurong East Commercial Complex for $1.5B 

Kelvin Chow Lendlease

2022/02/15 by Christopher Caillavet Leave a Comment

Lendlease Global Commercial REIT (LREIT) is raising its bet on suburban retail with a S$2.08 billion ($1.54 billion) deal that gives it full ownership of a mixed-used complex in Singapore’s Jurong East area.

The SGX-listed REIT has agreed to purchase… Read More>>

Lendlease Global Commercial REIT (LREIT) is raising its bet on suburban retail with a S$2.08 billion ($1.54 billion) … Read more>>>

IFC Indonesia

Keppel Fights Lawsuit Over Jakarta IFC Site and More Asia Real Estate Headlines

IFC Indonesia

2022/02/15 by Pimfha Chandhapradit Leave a Comment

In today’s roundup of regional news headlines, Singapore’s Keppel Corp defends against a land ownership claim by an individual in Indonesia, Guangzhou-based developer R&F seeks an extension on construction of a South Korean casino, and China Vanke’s chairman tells employees… Read More>>

In today’s roundup of regional news headlines, Singapore’s Keppel Corp defends against a land ownership claim by an … Read more>>>

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