Mingtiandi

Asia real estate and outbound investment news

  • Facebook
  • LinkedIn
  • RSS
  • Twitter
Sign Up / Login Logout

Lost your password?
Register
Forgotten Password
Cancel

Register For This Site

A password will be e-mailed to you.

  • Capital Markets
  • Events
    • Mingtiandi 2023 Event Calendar
    • Mingtiandi APAC Residential Forum 2023
    • Mingtiandi Asia Logistics Forum 2023
    • Mingtiandi Hong Kong Focus Forum 2023
    • Mingtiandi APAC Data Centre Forum 2023
    • Mingtiandi Asia Office Strategies Forum 2023
    • Mingtiandi Singapore Focus Forum 2023
    • More Events
  • MTD TV
  • People
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail
  • Research & Policy
  • Advertise

CapitaLand Reports 16% Jump in Fee Income and More Asia Real Estate Headlines

2022/11/04 by Michael Cole Leave a Comment

Borui Plaza

CapitaLand acquired Borui Plaza in Beijing during the third quarter

Encouraging results from Singapore’s biggest real estate enterprise lead today’s news as CapitaLand reports rising earnings across its lodging, fund management and property investment divisions. Also in the news, China makes more moves to prop up its property sector and a set of Singapore bungalows received at least three bids in a recent tender.

CapitaLand Earnings Jump on Lodging, Fund Management Wins

CapitaLand Investment’s fee-related earnings rose 16 percent year to date to S$760 million ($537 million), from S$656 million in the corresponding period last year – its property management earnings slipped slightly to S$231 million from S$236 million, while its lodging management earnings rose to S$190 million from S$128 million.

Revenue from its real estate investment business also increased 48 percent to S$1.6 billion year to date, from S$1.1 billion in the same period last year. Read more>>

Mainland Government Set to Guarantee $2.7B in Developer Bonds

The state-owned China Bond Insurance Company is expanding support to a dozen private developers by guaranteeing bonds worth RMB 20 billion (US$2.7 billion).

The company, together with the central bank-backed National Association of Financial Market Institutional Investors (NAFMII) and the China Real Estate Association, met 21 private property companies on Tuesday, state-run media Securities Daily reported. Read more>>

China’s Central Bank Vows to Support Property Market

China is ramping up monetary support to consolidate the country’s economic recovery, with the property market showing signs of a pickup while pro-investment measures are set to take effect in the fourth quarter, said Yi Gang, the country’s central bank governor.

“China’s monetary policy will stay accommodative to support the real economy,” Yi said in an interview at the three-day Hong Kong Monetary Authority’s Global Financial Leaders’ Investment Summit, which opened on Tuesday. The interview was published on Wednesday by the People’s Bank of China, the nation’s central bank. Read more>>

At Least 3 Bids Offered for Central Singapore Bungalows

At least three bids came in for the freehold good class bungalows (GCBs) in Nassim Road owned by Cuscaden Peak Investments, formerly Singapore Press Holdings, according to marketing agent Realstar Premier.

The expression-of-interest exercise for the three properties, which were put on the market with an asking price of S$5,200 per sq ft (psf) on land area, closed at 4pm on Nov 3. Read more>>

Charges of Attempted Rape for Former Evergrande Director Dropped

Hong Kong prosecutors have dropped a charge of attempted rape against a former senior executive of real estate giant China Evergrande after revealing the alleged victim was so “disturbed and heartbroken” she could not give evidence.

The case is linked to a controversial hotpot dinner attended by three senior Hong Kong officials, with guests later fined for breaking Covid-19 social-distancing rules. Read more>>

Morgan Stanley Said Mulling Cuts of 50 Asia Bankers as China Deals Drop

Morgan Stanley is considering cutting about 50 investment banking jobs in the Asia Pacific after dealmaking in the region plunged this year, people familiar with the matter said.

The New York-based bank plans to reduce a significant number of its China-focused banking roles, mostly from sector teams, and may involve a handful of capital markets positions, the people said, asking not to be identified because the matter is private. The cuts could start this month, they said. Read more>>

Vietnam Financial Markets Wobble After Van Thinh Phat Case

Financial markets in Vietnam, Asia’s fastest-growing economy, are in an unsettling slide as a crackdown on property lending, a falling currency and rising interest rates heap pressure on banks and rattle confidence.

The Vietnamese dong and the benchmark stock index are heading for their worst annual performance since the 2008 financial crisis, with only Hong Kong and Russian stock markets poised for more losses globally this year. Read more>>

India’s Godrej Buys Land in Vacation Home Destination Near Mumbai

Real estate developer Godrej Properties Ltd has entered into an agreement for outright purchase of a land parcel in the micro market of Manor, Palghar – a popular weekend destination about 100 km from Mumbai. Spread across 50 acres, the proposed project is estimated to have a developable potential of approximately 1.2 million square feet of saleable area comprising primarily of residential plotted development, the company said.

Manor, Palghar, Boisar, and Wada are popular weekend destinations of historic and religious significance and have become popular investment micro-markets. Read more>>

Join us again soon for more real estate news and be sure to follow @Mingtiandi on Twitter, or bookmark Mingtiandi’s LinkedIn page for headlines as they happen.

Share this now

  • LinkedIn
  • Share
  • Tweet
  • Email

Filed Under: crelist Tagged With: CapitaLand Investment Ltd, China Bond Insurance Company, China Evergrande Group, Cuscaden Peak, Godrej Properties, Morgan Stanley, People's Bank of China, Vietnam

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Mingtiandi Delivered

MTD TV

MTD TV Value ADd
Tech, Green Loans Grab Spotlight in Final Session of MTD TV Value-Add Forum
China Rental Housing Sector Here to Stay Says Warburg Pincus Executive

More MTD TV Videos>>

People in the News

Johnny Shao CPE
Asia Real Estate People in the News 2023-03-27
Jonathan Yap CapitaLand
Jonathan Yap Named CapitaLand Development CEO as Leow Retires Early
Grace Woo Chia-ching, executive director of CK Asset (Getty Images)
Asia Real Estate People in the News 2023-03-20
Eugene Kohn KPF
Asia Real Estate People in the News 2023-03-13

More Industry Professionals>>

People in the News

Asia Real Estate People in the News 2023-03-27

Johnny Shao CPE

Top level moves at European and Asian fund managers lead this week’s list of personnel changes from around Asia Pacific … Read More>>

Jonathan Yap Named CapitaLand Development CEO as Leow Retires Early

Jonathan Yap CapitaLand

Singapore property giant CapitaLand on Thursday announced the upcoming retirement of CapitaLand Development CEO Jason … Read More>>

Asia Real Estate People in the News 2023-03-20

Grace Woo Chia-ching, executive director of CK Asset (Getty Images)

Senior changes at developers in Hong Kong and mainland China lead this week’s review of personnel changes in Asia, with … Read More>>

Asia Real Estate People in the News 2023-03-13

Eugene Kohn KPF

The passing of a global architecture giant leads this week’s round of personnel updates on Mingtiandi, as KPF mourns the … Read More>>

More Industry Professionals>>

Latest Stories

Ren Letian of Yangzijiang Shipbuilding
Viva Land Selling Singapore Office Tower at 20% Mark-Down After Vietnam Arrests
Kathy Lee Colliers Hong Kong
Reopening Buoys Market as Hong Kong Home Prices Rise for Second Straight Month
Cross Street Exchange
Singapore Central Business District Office Rent Growth Slowed to 1% in Q1

Sponsored Features

TE Capital's Solitaire on Cecil
Pair of Floors Sold as TE Capital, LaSalle Launch Cecil Street Office Tower in Singapore
What Do Real Estate Investors Really Want?
Douglas Wu of Fairland
Fairland Creates Spark City Lifestyle Hub to Energise Hong Kong’s Cheung Sha Wan

More Sponsored Features>>

Connect with Mingtiandi

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Real Estate News

  • Capital Markets
  • 2022 Event Calendar
  • MTD TV Archives
  • People
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail

More Mingtiandi

  • About Mingtiandi
  • Contact Mingtiandi
  • Mingtiandi Membership
  • Newsletter Subscription
  • Advertise
  • Terms of Use
  • Privacy
  • Join the Mingtiandi Team


© 2007-2023 China Advertising Media Ltd (Samoa). All rights reserved.

  • This field is for validation purposes and should be left unchanged.