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Sherman Kwek, chief executive of City Developments Ltd (Image: CDL)

Chairman’s Advisor Blamed in CDL Succession Feud and More Asia Real Estate Headlines

Sherman Kwek, chief executive of City Developments Ltd (Image: CDL)

2025/02/28 by Michael Cole Leave a Comment

The CEO of City Developments Ltd hits back at his dad’s allegations of a boardroom coup at the Singaporean giant, with that family feud leading today’s headline roundup. Also making news, Hong Kong’s Sun Hung Kai Properties reports rising earnings… Read More>>

The CEO of City Developments Ltd hits back at his dad’s allegations of a boardroom coup at the Singaporean giant, with … Read more>>>

Paul Chan, Hong Kong's Financial Secretary (Getty Images)

Hong Kong to Halt Commercial Land Sales in Attempt to Cure Office Slump

Paul Chan, Hong Kong's Financial Secretary (Getty Images)

2025/02/28 by Mingtiandi Team Leave a Comment

Hong Kong will put commercial land sales on hold for the coming financial year, the city’s financial secretary Paul Chan Mo-po announced on Wednesday, citing “considerable challenges” afflicting the sector and high vacancy rates.

“In view of the high vacancy… Read More>>

Hong Kong will put commercial land sales on hold for the coming financial year, the city’s financial secretary Paul Chan … Read more>>>

Centurion group CEO Kong Chee Min

Singapore’s Centurion More Than Doubles Profit to $257M as Valuations Soar

Centurion group CEO Kong Chee Min

2025/02/28 by Christopher Caillavet Leave a Comment

Singaporean developer Centurion Corp’s profit more than doubled in 2024, as the specialist in student and worker housing rode a surge in valuations of investment properties.

The company’s full-year attributable profit shot up 125 percent to S$344.8 million ($257 million),… Read More>>

Singaporean developer Centurion Corp’s profit more than doubled in 2024, as the specialist in student and worker housing … Read more>>>

Alibaba Announces Plans to Invest $53B in Infrastructure to Meet AI Demand

2025/02/28 by Iris Hong Leave a Comment

Alibaba Group plans to invest more than RMB 380 billion ( $53 billion) to develop its cloud computing and artificial intelligence infrastructure over the next three years, marking the largest such commitment ever by a Chinese private company.

The Chinese… Read More>>

Alibaba Group plans to invest more than RMB 380 billion ( $53 billion) to develop its cloud computing and artificial … Read more>>>

Charoen Sirivadhanabhakdi

Frasers, Gemdale JV Buys Site in Shanghai’s Songjiang and More Asia Real Estate Headlines

Charoen Sirivadhanabhakdi

2025/02/27 by Michael Cole Leave a Comment

Frasers Property announces a Shanghai residential project in collaboration with mainland builder Gemdale, with that joint venture leading today’s headline roundup. Also making the list, Singaporean giant CDL posts a steep profit drop and Hong Kong’s Sino Land reports its… Read More>>

Frasers Property announces a Shanghai residential project in collaboration with mainland builder Gemdale, with that … Read more>>>

CDL chairman Kwek Leng Beng

CDL Chairman Accuses Son of ‘Attempted Coup’ as Sherman Kwek Remains CEO

CDL chairman Kwek Leng Beng

2025/02/26 by Michael Cole Leave a Comment

Investors eager for Singapore’s largest non–government controlled developer to announce its 2024 financials on Wednesday received more excitement than expected when the executive chairman and chief executive officer of City Developments Ltd issued separate statements regarding an alleged struggle for… Read More>>

Investors eager for Singapore’s largest non–government controlled developer to announce its 2024 financials on Wednesday … Read more>>>

Hiew Yoon Khong of Mapletree

Mapletree $473M Buy of Hong Kong Logistics Site Marks 57% Discount from 2022

Hiew Yoon Khong of Mapletree

2025/02/26 by Iris Hong Leave a Comment

Singapore’s Mapletree Investments has won a warehouse site near Hong Kong’s Kwai Chung Container Terminals at a price 57 percent below what a nearby site sold for in 2022, as declining port activity undermines logistics demand in the Asian commercial… Read More>>

Singapore’s Mapletree Investments has won a warehouse site near Hong Kong’s Kwai Chung Container Terminals at a price 57 … Read more>>>

Neil Anderson, Hongkong Land

Hongkong Land Signs Up Law Firm HFW to Lease Central Floors Amid Rebound Hopes

Neil Anderson, Hongkong Land

2025/02/26 by Christopher Caillavet Leave a Comment

Hongkong Land announced Tuesday that global law firm Holman Fenwick Willan has taken up two floors at one of the developer’s buildings in Central, as the premier office district shows signs of rebounding after a multi-year struggle.

London-based HFW relocated… Read More>>

Hongkong Land announced Tuesday that global law firm Holman Fenwick Willan has taken up two floors at one of the … Read more>>>

Orix Corp CEO Makoto Inoue

Orix JREIT to Buy Osaka Hotel for $230M, Sell Pair of Tokyo Properties for $120M

Orix Corp CEO Makoto Inoue

2025/02/26 by Christopher Caillavet Leave a Comment

Osaka hotels continue to attract tourism-led investment, with Orix JREIT on Tuesday announcing plans to buy a 428-key property near the city’s Universal Studios Japan theme park for JPY 35 billion ($230 million).

The TSE-listed REIT is picking up Hotel… Read More>>

Osaka hotels continue to attract tourism-led investment, with Orix JREIT on Tuesday announcing plans to buy a 428-key … Read more>>>

stephen schwarzman tb

Blackstone JV Said Planning 500MW India Data Centre and More Asia Real Estate Headlines

stephen schwarzman tb

2025/02/26 by Michael Cole Leave a Comment

Private equity titan Blackstone is reportedly involved in what’s being billed as India’s largest data centre project, with that story leading today’s headline roundup. Also in the news, Hong Kong’s Kitec convention centre adjusts its redevelopment plans and investment giant… Read More>>

Private equity titan Blackstone is reportedly involved in what’s being billed as India’s largest data centre project, … Read more>>>

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