Mingtiandi

Asia Pacific real estate investment news and information

  • Facebook
  • LinkedIn
  • RSS
  • Twitter
Remember Me

Lost your password?

Register Now

Loading...
  • Capital Markets
  • Events
    • Mingtiandi 2025 Event Calendar
    • Mingtiandi APAC Residential Forum 2025
    • Mingtiandi Singapore Forum 2025
    • Mingtiandi APAC Logistics Forum 2025
    • Mingtiandi APAC Data Centre Forum 2025
    • Mingtiandi Tokyo Forum 2025
    • More Events
  • MTD TV
    • Residential
    • Logistics
    • Data Centre
    • Office
    • Singapore
    • Tokyo
    • Hong Kong
    • All Videos
    • Post-Event Stories
  • People
    • Industry Moves
    • MTD TV Speakers
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail
  • Research & Policy
  • Advertise

GIC, Charter Hall, Scape Vying for Brookfield’s Aveo and More Asia Real Estate Headlines

2025/03/05 by Michael Cole Leave a Comment

GIC chief executive Lim Chow Kiat

GIC chief executive Lim Chow Kiat

Singapore sovereign giant GIC joins the race to acquire one of Australia’s largest retirement living operators, with that report leading today’s headline roundup. Also in the news, BlackRock leads an investor group buying CK Hutchison’s Panama Canal port operations and Gaw Capital Partners renegotiates a loan linked to two Hong Kong office buildings.

GIC, Charter Hall, Scape Said Vying for Brookfield Senior Living Operator in Australia

Aveo, one of Australia’s largest retirement living operators, is set to trade, and local media reports indicate that Singapore’s sovereign wealth fund is competing with local champion Charter Hall and student living specialist Scape for the company.

GIC global real estate chief Goh Chin Kiong was seen in Australia last week, reportedly negotiating for Aveo, while Charter Hall and Scape are said to be interested as non-binding offers of around A$3 billion ($1.9 billion) have been made for the company, according to a report in the Financial Review. Read more>>

BlackRock-Led Group Buying Majority Stake in CK Hutchison Port Business

An investor group backed by BlackRock agreed to buy a majority stake in the Hong Kong-based company that runs ports along either side of the Panama Canal, giving a US firm control of key docks amid pressure from the White House to take them from China.

The $22.8 billion sale by CK Hutchison to US and Swiss investors also includes dozens of ports in other countries, the companies said Tuesday. The move appeared to be a win for US President Donald Trump’s aggressive diplomacy just hours before he touted the successes of the first six tumultuous weeks of his second term in an address to the US Congress. Read more>>

Gaw Capital Said in Talks to Resolve Loans on Hong Kong’s Cityplaza

Hong Kong-based Gaw Capital Partners is in discussions with lenders to find a resolution for a soon-to-mature loan backing two office buildings.

A HK$10.3 billion ($1.3 billion) loan backing Cityplaza Three and Cityplaza Four, in which Gaw Capital owns a stake of around 65 percent, is set to mature in early April, according to people familiar with the matter, who asked not be identified discussing private matters. Read more>>

April Court Hearing Set for CDL Feud

A hearing has been fixed for 11 April to hear evidence from both parties in the court battle between City Developments Ltd executive chairman Kwek Leng Beng and his son, CDL CEO Sherman Kwek.

A case conference was held in the High Court on Tuesday. The Business Times understands that another hearing may be set for 25 April if cross-examination is required. On Wednesday, a hearing was to take place to determine if the dates in April need to be changed. Read more>>

China Jinmao Buys Half-Stake in Xi’an Project for $230M

Shanghai-based developer China Jinmao said Tuesday that it has acquired a 49 percent stake in a residential project in Xi’an for RMB 1.7 billion ($230 million).

Jinmao is acquiring the equity in the Xi’an Changmao project, entitling the state-backed builder to participate in development of 166,667 square metres (1.8 million square feet) of housing on a 66,667 square metre site in Weiyang district. Read more>>

Singapore to Launch Tenders for 20 Heritage Properties as Co-Living Projects 

The Singapore Land Authority will launch tenders for 20 heritage properties along Admiralty Road East to support multi-generational co-living, Minister of State for Law Murali Pillai announced during the Ministry of Law’s budget debate on Tuesday.

Proposals focusing on intergenerational co-living, particularly those that promote independent senior living, will be favourably considered, Murali said. The initiative aligns with previous efforts to repurpose state properties for co-living spaces catering to Singapore’s ageing population. Read more>>

Condo Complex in Singapore’s Pasir Ris Up for Sale at $695M

Elias Green, a 99-year leasehold condo in Singapore’s Pasir Ris, will be launched for collective sale by public tender on 6 March, according to marketing agent ERA. The property has a guide price of S$928 million ($694.8 million).

The condo was completed in 1994 and occupies a residential-zoned plot of 516,871 square feet (48,019 square metres) with a gross plot ratio of 1.4. Consisting of several blocks, the property has 419 apartments with sizes ranging from 1,367 to 1,636 square feet. The site has a 99-year lease from 1991, translating to a remaining lease of 65 years. Read more>>

Institutional Investment in APAC Real Estate Climbed 12% in 2024

Institutional investment in Asia Pacific real estate totalled $83.2 billion in the second half of 2024, up 6 percent year-on-year, bringing full-year investment to $155.9 billion, up 12 percent, according to research by Colliers. The figures cover the region’s top nine markets of Australia, mainland China, Hong Kong, India, Japan, Singapore, South Korea, New Zealand and Taiwan.

The rise in investment demonstrates the resilience of the APAC real estate market and sets the stage for a robust 2025, said Chris Pilgrim, Colliers’ managing director of global capital markets for the region. 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: BlackRock, CDL City Developments Ltd, China Jinmao Holdings, CK Hutchison Holdings, Gaw Capital Partners, GIC, Pasir Ris

Leave a Reply

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

Get Mingtiandi Delivered

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

MTD TV

Warburg Pincus, PDG See AI Driving Demand for APAC Data Centres
China’s Push for Greener Data Centres Cools a Red-Hot Sector: MTD TV

More MTD TV Videos>>

People in the News

Hao Zhan_Head of Asia_Private Wealth Solutions_Hines
Asia Real Estate People in the News 2025-08-11
Karim ghannam HSBC AM
HSBC AM Names Karim Ghannam Global Head of Real Assets
Robert Ng Sino Group
Sino Group’s Robert Ng Steps Down as Son Takes Over Chairman Roles
Amit Shetty Embassy Office Parks
Asia Real Estate People in the News 2025-08-04

More Industry Professionals>>

Latest Stories

URA chief executive officer Lim Eng Hwee
Singapore Home Sales Hit Five-Month High as Buyers Shrug Off Cooling Measures
Liam Wee Sin, Group Chief Executive of UOL
Singapore’s UOL Enters UK Student Housing Market With $59M Brighton Buy
Craig Scroggie
Australia’s NextDC Data Centres Raises $850M and More Asia Real Estate Headlines

Sponsored Features

Fiona Ngan, Colliers Hong Kong
In a Market of Caution, Tenants Have The Upper Hand in Hong Kong’s Office Sector
How to Create a Win-Win for Investors and Occupiers
Lingeage Logistics Cold Storage Complex
Mount Maunganui Cold Storage Facility for Sale

More Sponsored Features>>

Connect with Mingtiandi

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Real Estate News

  • Capital Markets
  • Mingtiandi 2025 Event Calendar
  • MTD TV Archives
  • People
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail

More Mingtiandi

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


© 2007-2025 China Advertising Media Ltd (Samoa). All rights reserved.

We use cookies in accordance with our Privacy policy to provide the best user experience on Mingtiandi and to safeguard user data. By continuing to browse you consent to the policy.