Casino tycoon Stanley Ho’s Shun Tak Holdings has paid S$593.5 million ($444 million) for a pair of luxury residential plots near Singapore’s Orchard Road shopping district, marking the company’s first foray into the residential market in the Southeast Asian city-state.
Redevelopment of CK Asset’s Hutchison House in HK Could Bring $4B Valuation
CK Asset Holdings is said to be planning the redevelopment of Hutchison House in Hong Kong’s Central district, an effort that could quadruple the 44-year-old office tower’s valuation to as much as HK$32 billion.
The property arm of the CK… Read More>>
Blackstone Sells Singapore Residential Project to Far East Consortium For $147M
Hong Kong-listed developer Far East Consortium (FEC) is making another move to bolster its portfolio in Singapore, buying a freehold residential project near the Orchard Road shopping district from a seller believed to be US private equity giant Blackstone for… Read More>>
China Resources Said to Break HK Residential Land Price Record with HK$6B Buy
Mainland state-owned conglomerate China Resources is said to have snapped up one of Hong Kong’s most prestigious home sites, and has set a land price record in the process.
The Shenzhen-based giant, which invests in businesses from retail to energy… Read More>>
Singapore Launches Tenders for Trio of Residential Plots Valued at $1B
The Singapore government has released three residential sites valued at a total of S$1.36 billion ($1 billion) on the same day, adding an estimated 1,880 homes to the city-state’s housing pipeline.
The three plots, located across the city on Dairy… Read More>>
Hongkong Land, Shui On Said Vying For RMB 13.6B Site Near Shanghai’s Xintiandi
One of the highest profile early entrants to the Shanghai property market is facing off against the biggest landlord in Hong Kong’s Central district in the final bidding for a prime commercial site in Shanghai’s Huangpu district expected to sell… Read More>>
Hang Lung Outbids Alibaba to Win Hangzhou Commercial Site for RMB 10.7B
Hong Kong developer Hang Lung Group has shouldered aside Alibaba Group and four other property developers to win a commercial plot in the eastern China city of Hangzhou for RMB10.7 billion ($1.7 billion) — more than double the base price… Read More>>
Henderson Land Wins Approval for 35-Storey Tower on Central’s Murray Road
Henderson Land has received the green light from Hong Kong’s Buildings Department to build a 35-storey commercial tower on a car park site in Central that the developer pounced on for a record-smashing $3 billion one year ago.
The Murray… Read More>>
$300M Novena Site Adds to Singapore’s $2.1B Week of Land Sales
A privatised government-built estate in Singapore’s Novena neighbourhood was sold for S$402 million ($299 million) in a collective sale tender late last week, adding to a total of S$2.88 billion ($2.1 billion) of residential and mixed-use land sales in the… Read More>>
UOL-Led Group Pays $771M for Housing Site Near Downtown Singapore
Singapore-listed property firm UOL Group and its affiliates have won a large residential parcel on Silat Avenue, just south of Singapore’s General Hospital, for S$1.035 billion ($771 million), amid a two-day flurry of major site acquisitions in the city-state.
The… Read More>>
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