Daughter of SC’s Suchad Said Buying $29M Bungalow and More Asia Real Estate Headlines

The daughter of SC Capital’s chairman closes in on the purchase of a Singapore home linked to the co-founder of failed crypto firm Three Arrows Capital, with that report leading today’s headline roundup. Also in the news, a Tokyo penthouse developed by Sweden’s EQT sells for a record price and Frasers Property’s boss transfers key assets to his kids.

Suchad’s Daughter Said Buying $29M Three Arrows-Linked Bungalow

A bungalow in the Ridout Park Good Class Bungalow area of Singapore’s Peirce Hill neighbourhood owned by the wife of failed Three Arrows Capital co-founder Kyle Davies is in the early stage of being sold for S$37 million ($28.7 million).

The prospective buyer, in her early thirties, is understood to be the daughter of SC Capital Partners chairman Suchad Chiaranussati and is the grandniece of City Developments Ltd chairman Kwek Leng Beng. The Peirce Hill bungalow is part of the Peirce Villas project developed by CDL. Read more>>

Luxury Tokyo Penthouse Sold for Over $65 Million in Booming Market

A Tokyo penthouse developed by Swedish buyout firm EQT has sold for JPY 9.5 billion ($67 million), shedding light on the cost of buying into the city’s booming high-end property market.

The four-bedroom apartment at Marq Omotesando One, a luxury low-rise development near the bustling shopping district of Harajuku, went for more than JPY 50 million per tsubo (JPY 15.2 million per square metre), the highest on record in Japan by that measure, EQT said in a statement. Read more>>

Frasers Boss Transfers Pair of Companies to Children

Thailand’s second-richest person, Charoen Sirivadhanabhakdi, transferred ownership of two listed companies to his five children as the octogenarian businessman pulls back from day-to-day management of his beer-to-property conglomerate.

Charoen sold all of his shares in Sutthasup 9 Company to his offspring, according to late Monday filings of Asset World Corp and Berli Jucker. Sutthasup 9 has indirect control of the companies. The statements did not say how much Charoen owned in the companies. Read more>>

Singapore’s Pontiac Land Plans to Open Sydney Project in Q1 2026

Singapore-based developer Pontiac Land Group recently unveiled details of the second phase of its mixed-use project in Sydney. Situated in the heritage-listed former Department of Lands building in the central business district, The Lands by Capella will offer 10,000 square metres (107,639 square feet) of experiential luxury retail, F&B and event spaces.

The development is scheduled to open in the first quarter of 2026. It follows the 2023 completion of Capella Singapore, a 192-room hotel in the former Department of Education building next door. Together, Capella Singapore and The Lands by Capella make up The Sandstone Precinct. Read more>>

Sydney Data Centre Ban Seen Driving Investment Overseas

Data centre operators have locked horns with the New South Wales government after it imposed a ban on new facilities in one of Sydney’s technology hubs to allow more housing in the area, demanding a statewide strategy for future builds or risk missing out on billions of investment dollars.

The decision to prohibit new data centres at Macquarie Park in Sydney’s northwest is the latest flashpoint as governments and regulators try to manage the sector’s runaway growth — turbocharged by the rise of AI applications — and its heavy demand on energy and water supply. Read more>>

Australia’s Stockland Seeks Partners for $770M Retail Platform

Aussie builder Stockland is looking to turbocharge its development of small neighbourhood malls across its housing estates, seeking capital partners to back a retail property fund with a potential end value of A$1.2 billion ($770 million).

Stockland is seeking one or more capital partners to take up to a 70.1 percent stake in what it is calling the Stockland Retail Trust, according to an investment teaser obtained by the Australian Financial Review. Read more>>

New World Luxury Project Sells 17 Units in Hong Kong’s Wong Chuk Hang

The developers of a luxury residential project in Hong Kong’s Southern district pulled in more than HK$1 billion ($128 million) from the sale of 17 units, as wealthy buyers took advantage of a market downturn to acquire prized assets.

The flats at 447-unit Deep Water Pavilia in Wong Chuk Hang, developed by a consortium led by New World Development, were sold at an average price of nearly HK$62 million, according to a statement from NWD on Monday. The company owns 50 percent of the project. Read more>>

Japanese Retailer Expands in Hong Kong’s Retail Winter

3Coins, an Osaka-based retailer, plans to open an outlet in Causeway Bay, joining a list of Japanese businesses that are finding value amid a slump in Hong Kong’s retail market.

3Coins will open its first store in mid-July in Hysan Place and carry Japanese products including grocery items, according to a Monday statement from Yaichi Group, a partner of the retailer. 3Coins was founded in 1994 and has 365 stores across Japan. The size of the company’s store in Hong Kong was not made available. Read more>>

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