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
    • 2021 Mingtiandi Event Calendar
    • Join the Mingtiandi Multi-Family Investment Forum 2021
    • Join the Mingtiandi Logistics Real Estate Forum 2021
    • Join the Mingtiandi Sustainable Real Estate Forum 2021
    • Join the Mingtiandi Data Centre Forum 2021
    • Join the Mingtiandi Office Strategies Forum 2021
    • Join the Mingtiandi Proptech Forum in November
    • More Events
  • MTD TV
  • People
  • Logistics
  • Asia Outbound
  • Retail
  • Design & Construction
  • Research & Policy
  • Advertise

Mapletree Buys DC-Area Serviced Apartments for $70M and More Asia Real Estate Headlines

2019/01/19 by Michael Cole Leave a Comment

Oakwood Arlington

Mapletree bought the Oakwood Arlington for $70 mil

Singapore keeps churning out the headlines today as China and Hong Kong slow down as the city-state’s Mapletree Investments makes another US purchase and a major real estate agency names a new MD in the Southeast Asian financial hub. Meanwhile back in Hong Kong, a new Kai Tak land sale brought in just six bids, and there’s much more if you just keep reading.

Mapletree Expands Serviced Apartment Platform with $70M US Buy

Singapore’s Mapletree Investments has purchased an apartment complex in Arlington, Virginia for a reported $70 million, according to media reports.

The real estate investment and development firm purchased the 184-unit Oakwood Arlington from AvalonBay Communities, and the property is already managed by Mapletree’s wholly-owned Oakwood subsidiary. Read more>>

Kai Tak Site Attracts Just Six Bids

The response to the tender of the fourth residential land parcel at the city’s former airport in Kai Tak missed analyst estimates on Friday, with slightly fewer developers than expected submitting bids, reflecting downbeat sentiment as home prices come under further pressure.

The 117,900 sq ft plot, located on land jutting out into Victoria Harbour on what was the former airport runway, fetched six bids at the closure of tender at noon ­Friday, falling short of Knight Frank’s expectation of seven to 10 bids. Read more>>

Philippine Retail Magnate Henry Sy Dies at 94

Henry Sy, who became a billionaire by turning a shoe shop into the biggest retailer in the Philippines, has died. He was 94.

He died in his sleep this morning, his daughter Teresita Sy-Coson and Jose Sio, chairman of SM Investments said. Sy had a net worth of US$7.2 billion, according to the Bloomberg Billionaires Index, making him the richest person in the Philippines. Read more>>

Wendy Tang Appointed Singapore MD for Knight Frank

Property consultancy Knight Frank Singapore has appointed real estate veteran Wendy Tang as group managing director with effect from April this year to replace current group MD and chairman Danny Yeo.

Mr Yeo will continue to helm the company as executive chairman of Knight Frank Singapore. “Together with Danny, Wendy will be responsible for driving the performance of the business across all service lines of the group,” said Knight Frank in a press statement on Friday. Read more>>

Surbana Jurong Building New Campus in Western Singapore

Urban and infrastructure consultancy Surbana Jurong is building a new campus for its global headquarters in the upcoming Jurong Innovation District. The ground-breaking ceremony for the 68,915 sq m development was held yesterday.

Surbana Jurong Campus, as the building is named, will be completed by 2021 and can accommodate up to 4,000 employees. Read more>>

CDL’s Chia Ngiang Hong Named Head of REDAS

After serving two terms as the president of Real Estate Developers Association of Singapore (REDAS), Augustine Tan has passed the mantle to Chia Ngiang Hong, group general manager of Singapore-listed property group City Developments Ltd (CDL).

Tan, executive director of the property services division of privately-held property giant Far East Organization, will remain in the REDAS management committee for 2019/2020 as the immediate past president and ex-officio. Read more>>

Tune in again tomorrow for more news, and be sure to follow @Mingtiandi on Twitter, or bookmark Mingtiandi’s LinkedIn page for headlines as they happen.

Related Stories

  • Asia Real Estate People in the News 2021-01-25Asia Real Estate People in the News 2021-01-25
  • Hong Kong Government Cancels Kai Tak Land Sale as Bids DisappointHong Kong Government Cancels Kai Tak Land Sale as Bids Disappoint
  • Mainland Home Prices Rise as HK Goes Quiet and More Asia Real Estate HeadlinesMainland Home Prices Rise as HK Goes Quiet and More Asia Real Estate Headlines
  • Wheelock Makes HK$4B in Biggest Housing Launch in 6 Years and More Asia Real Estate HeadlinesWheelock Makes HK$4B in Biggest Housing Launch in 6 Years and More Asia Real Estate Headlines

Share this now

  • LinkedIn
  • Share
  • Tweet
  • Email

Filed Under: crelist Tagged With: CDL, Henry Sy, Kai Tak, Knight Frank, Mapletree Investments, Oakwood Worldwide, REDAS, Surbana Jurong

Leave a Reply Cancel reply

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

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Yardi Refurbish or Rebuild

Get Mingtiandi Delivered

Office Investment

MTD TV

Gaw Kailong Cushman & Wakefield value add panel

China’s Value-Add Arena Set to Reward Investors With Local Presence: Watch on MTD TV

Warburg Pincus, Princeton Digital Foretell Asia’s Data Centre Future

More MTD TV Videos

Latest Stories

Albert Yeung Emperor International

Blackstone Buys Kowloon East Building From Emperor International for $65M

RFR-Vanke Midtown Condominium Project in Manhattan

Vanke Manhattan High-Rise Risks Foreclosure as ICBC Files New York Lawsuit

close to universities like University College London and universities like St Martins College Art and Design

Mapletree Explores US$1B Student Housing REIT IPO and More Asia Real Estate Headlines

Sponsored Features

Tony Horrell

Colliers’ Global Investor Sentiment Report Anticipates Up to 50% Surge in Investment in 2021 Sponsored Feature

Andrew-Slevin-John-Foord (4)

Insurtech to Help Address Underinsurance Across Asian Real Estate Assets in 2021 Sponsored Feature

CK Lau

Asia Pacific Logistics Sector: Increasingly Varied Sector Requires Multiple Approaches Sponsored Feature

More Sponsored Features>>

MTD-QR-Code-320

Top Stories

PGIM Real Estate Buys Office Building on Singapore’s Robinson Road for $107MPGIM Real Estate Buys Office Building on Singapore’s Robinson Road for $107M

Grosvenor Latest Global Investor to Back Taronga Real Estate Tech FundGrosvenor Latest Global Investor to Back Taronga Real Estate Tech Fund

Join the Mingtiandi Multi-Family Investment Forum 2021Join the Mingtiandi Multi-Family Investment Forum 2021


Connect with Mingtiandi

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Real Estate News

  • Capital Markets
  • Events
    • 2021 Mingtiandi Event Calendar
    • Join the Mingtiandi Multi-Family Investment Forum 2021
    • Join the Mingtiandi Logistics Real Estate Forum 2021
    • Join the Mingtiandi Sustainable Real Estate Forum 2021
    • Join the Mingtiandi Data Centre Forum 2021
    • Join the Mingtiandi Office Strategies Forum 2021
    • Join the Mingtiandi Proptech Forum in November
    • More Events
  • MTD TV
  • People
  • Logistics
  • Asia Outbound
  • Retail
  • Design & Construction
  • Research & Policy
  • Advertise

More Mingtiandi

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