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 India Trust Launches Office Platform and More Asia Real Estate Headlines

2022/11/07 by Christopher Caillavet Leave a Comment

Cyberpearl

CapitaLand India Trust already holds the Cyberpearl in Hyderabad

In today’s roundup of regional headlines, CapitaLand India Trust has upped its commitments to India’s office sector and the chairman of HSBC’s largest shareholder calls for the break-up of the global bank. Hong Kong’s falling home prices are also back in the news and China’s Fosun International is selling off its stake in a mining company to raise cash.

CapitaLand India Trust Sets Up Office Development Platform With L&T

CapitaLand India Trust has joined forces with L&T Realty on a 6 million square foot (560,000 square metre) commercial property platform, with Mumbai-based L&T to build and develop the office spaces and Singapore-listed CLINT to market them.

The platform’s non-binding term sheet calls for the development of prime office properties across Bengaluru, Chennai and Mumbai. CLINT, which recently rebranded from Ascendas India Trust, and whose manager is a wholly owned subsidiary of Singapore’s CapitaLand Investment, expects most of the capital commitment for the projects to start from the second half of 2024. Read more>>

Ping An Chairman Makes First Public Call for Break-Up of HSBC

The chairman of HSBC’s largest shareholder, Ping An, has said the Chinese insurer would support plans to spin off HSBC’s Asian business as he warned that the bank’s global business mode is “no longer competitive”.

Ping An chairman Huang Yong said HSBC is lagging behind its peers, as he called on the bank to “reallocate more resources” away from Europe and America towards its more profitable Asian business. Read more>>

Hong Kong Home Prices Plunge Most Since 2016 Following Fed Rate Hike

The slump in Hong Kong’s property market is accelerating as borrowing costs rise.

The Centaline gauge of secondary home prices fell 2% in the week ending Oct 30 from the previous week, the most since March 2016, according to data released on Friday. The drop took the index to its lowest level since December 2017. Read more>>

Fosun to Raise $561M From Mining Sale Stake as Part of Asset Sell-Down

China’s Fosun International said Monday that it would raise $561 million by selling part of its shares in Zhaojin Mining Industry Co as part of its ongoing string of asset sell-downs.

The company, through one of its units, is offloading 654.1 million Zhaojin Mining shares for HK$6.72 ($0.86) each, a 1.8 percent discount from the closing price last Friday. Read more>>

China Stocks May Rally 20% on Full Reopening: Goldman

Strategists at Goldman Sachs say a complete China reopening will drive a 20 percent gain in Chinese equities, citing signs that the government may be starting to prepare for a relaxation of its COVID Zero policy after a key leadership summit.

An increase in flights and growing adoption of an inhalable vaccine developed by CanSino Biologics are encouraging news, strategists including Kinger Lau wrote in a note dated Sunday. Goldman economists expect the government to start to relax rules in the second quarter of 2023, the report said. Read more>>

Lendlease Global REIT’s Q1 Portfolio Occupancy Eases Slightly to 99.7%

Lendlease Global REIT’s portfolio occupancy for the quarter ended 30 September fell 0.1 percentage points to 99.7 percent, down from 99.8 percent last quarter, the Singapore-listed trust’s manager said Monday.

Weighted average lease expiry stood at 8.5 years when adjusted by net lettable area and 5.5 years when adjusted by gross rental income. Read more>>

Greenland Holdings Downgraded to CC by S&P Global Ratings

Chinese developer Greenland Holdings was downgraded to CC from CCC- by S&P Global Ratings, and its senior bonds were reduced to C from CC.

The downgrade comes on the back of the company’s consent solicitation last week to extend the maturity of nine of its dollar bonds, as it expects to default on its dollar bond due on 13 November. S&P considers the proposed maturity extensions as distressed and said the transaction would be “tantamount to a default”. Read more>>

Thai Government Struggles With Public Push Back to Plan to Sell Land to Foreigners

The Thai government is under pressure after the cabinet approved a bill that allows foreigners to own land if they invest in Thailand, a policy that has been widely derided as “selling off” the country.

The measure allows foreigners who obtain a long-term resident visa to buy up to one rai (1,600 square metres) of land to build a house under the condition that they invest at least THB 40 million ($1 million) in the country for at least three years. Read more>>

Tune in 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: Ascendas India Trust, Fosun International, Greenland Group, HSBC, Lendlease Global Commercial REIT, Ping An Group, weekly-sp

Leave a Reply

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

Get Mingtiandi Delivered

MTD TV

Princeton Digital Sees APAC Network Expand with Hyperscaler Demand: MTD TV
Demographics and Demand Driving Asia Data Centre Investment Surge: MTD TV

More MTD TV Videos>>

People in the News

Nicholas Toh, group chief executive officer of DCI Data Centers
Nicholas Toh Takes Over as Group CEO at DCI Data Centers
Charles Griffith Macquarie
Asia Real Estate People in the News 2022-02-06
Kelvin Chan CBRE
CBRE Hires Kelvin Chan as Head of Capital Markets for China
Yoshinaga Takahashi PDG
PDG Hires Mitsui’s Yoshinaga Takahashi as Managing Director of Japan

More Industry Professionals>>

People in the News

Nicholas Toh Takes Over as Group CEO at DCI Data Centers

Nicholas Toh, group chief executive officer of DCI Data Centers

DCI Data Centers, an arm of Brookfield Infrastructure, has tapped Nicholas Toh to serve as group chief executive … Read More>>

Asia Real Estate People in the News 2022-02-06

Charles Griffith Macquarie

Finance giants lead this week’s collection of personnel moves on Mingtiandi as two of Asia Pacific’s largest financial … Read More>>

CBRE Hires Kelvin Chan as Head of Capital Markets for China

Kelvin Chan CBRE

CBRE on Friday announced the appointment of Kelvin Chan as the global property consultancy’s head of capital markets for … Read More>>

PDG Hires Mitsui’s Yoshinaga Takahashi as Managing Director of Japan

Yoshinaga Takahashi PDG

Princeton Digital Group has appointed Yoshinaga Takahashi as managing director of Japan, where he will help execute the … Read More>>

More Industry Professionals>>

Latest Stories

Haian Wanda Plaza (Getty Images)
Investors Snap Up $500M in Dalian Wanda Bonds and More Asia Real Estate Headlines
Raymond Lawler_Hines Asia-Pacific CEO
Hines to Build $1B Mixed-Use Complex in South Korea’s Busan
Nicholas Toh, group chief executive officer of DCI Data Centers
Nicholas Toh Takes Over as Group CEO at DCI Data Centers

Sponsored Features

How Data Leadership Can Prepare Real Estate Companies for Big Data and AI in 2023
OpenSpace Capture
OpenSpace Capture Provides On-the-Ground Eyes at US Government Building Projects
Malls and Megaprojects from Hong Kong to Beijing Triumph at PropertyGuru Awards Show

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.