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 Asia Value-Add Forum 2021
    • 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

Taiwan’s Tsai Family Revealed as Buyer of Swire SG Project and More Asia Real Estate Headlines

2021/04/07 by Pimfha Chandhapradit Leave a Comment

Tsai Eng-Meng Want Want Group

Want Want Group’s Tsai Eng-Meng likes Singapore apartments

In our latest roundup of regional news headlines, snack food kings from Taiwan are revealed as the buyers of all units at a Singapore luxury development, Mapletree’s European office fund jumps on the tokenisation bandwagon, and Japan’s largest bank plans to rebuild its 40-year-old headquarters in Tokyo’s finance district.

Yardi Proptech Report

Taiwan’s Tsai Family Revealed as Buyer of Swire Singapore Project

The Tsai family behind Taiwan snack food giant Want Want China Holdings is the party that bought all 20 units at the completed freehold luxe development, Eden, at 2 Draycott Park.

The S$293 million ($218.8 million) transaction involves three tranches, with the Hong Kong-listed group’s chairman, Tsai Eng-Meng, purchasing one apartment. His son Shao Chung, who is also an executive director of the company, is picking up 18 units in one deal, as well as the remaining unit in a separate transaction. Read more>>

Slice of Mapletree European Office Fund Now Tokenised

Digital securities platform iSTOX has, for the first time, tokenised a private real estate investment trust from property giant Mapletree Investments, reducing the investment ticket into the fund for 50 accredited investors.

The tokenisation is for Mapletree’s latest European office fund, Mapletree Europe Income Trust (MERIT). Read more>>

Varde Loans $155 Million for Pair of India Office Developments

Varde Partners, a global alternative investment firm, announced that it has provided senior construction financing on two pre-leased office assets in the Gachibowli Financial District of Hyderabad.

The $155 million facility will be used to refinance and fund to completion over 2.5 million square feet (232,258 square metres) across the two Grade A developments owned by Phoenix Group. To date, over 1.5 million square feet has been pre-let to two multinational companies. Read more>>

MUFG Bank to Rebuild Tokyo Headquarters for Post-Pandemic Work

Japan’s largest bank will rebuild its 40-year-old headquarters in Tokyo’s financial district as the lender prepares for a post-COVID world that will also see some compliance roles shift to India.

The new building will “significantly reduce” facility expenses for the financial group by bringing together about 19,000 workers who are currently located in nine different locations across the downtown area of the Japanese capital, said Junichi Hanzawa, chief executive of MUFG Bank, a core unit of Mitsubishi UFJ Financial Group. Read more>>

Office Investment

Facing Pressure at Home, Chinese Tech Giants Expand in Singapore

Chinese tech giants are expanding in Singapore as they face a crackdown at home and growing pressure in other key markets — but they may struggle to find talent in the city-state.

Messaging-and-gaming behemoth Tencent is opening a hub and TikTok owner ByteDance is on a hiring spree after establishing a regional HQ, while e-commerce giant Alibaba is investing in property and recruiting. Read more>>

Hong Kong Strata Office Deals to Gather Pace, Says Colliers

Since the removal of the double stamp duty on non-residential property deals in November 2020, there has been an uptick of strata-title office transactions in Hong Kong, Colliers said in a report.

Overall investment volume and strata-title office transactions are expected to increase this year, as the market sees more liquidity due to a higher level of investment capital, sustained expectation of low-interest rates, and closer business opportunities with the Greater Bay Area. Read more>>

Singapore Maxwell House Sale Hopes to Be Good to the Last Flat

Maxwell House is up for sale via a second public tender at a lower reserve price of S$268 million ($200.2 million), down from S$295 million in its first en bloc bid in September 2020.

Located at 20 Maxwell Road, the 13-storey commercial building sits on a trapezoidal island plot spanning 41,799 square feet (3,883 square metres), with views from all four sides of the building. Read more>>

Sustainability Forum

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.

Related Stories

  • Mapletree Investments Raises $600M for First European Office FundMapletree Investments Raises $600M for First European Office Fund
  • Mapletree Aims for First Hong Kong Data Centre After Buying $104M SiteMapletree Aims for First Hong Kong Data Centre After Buying $104M Site
  • Mapletree Said Buying Would-Be Uber HQ in San Francisco Bay Area for $420MMapletree Said Buying Would-Be Uber HQ in San Francisco Bay Area for $420M
  • US-China HK Spat Puts Hang Lung in $132M Limbo and More Asia Real Estate HeadlinesUS-China HK Spat Puts Hang Lung in $132M Limbo and More Asia Real Estate Headlines

Share this now

  • LinkedIn
  • Share
  • Tweet
  • Email

Filed Under: crelist Tagged With: daily-sp, Mapletree Investments, Mitsubishi UFG, Värde Partners, Want Want Group

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.

Get Mingtiandi Delivered

Office Investment

MTD TV

MTD TV Value ADd

Tech, Green Loans Grab Spotlight in Final Session of MTD TV Value-Add Forum

MTD TV Panel: Vietnam Logistics Real Estate Gains Favour With Investors in 2020

More MTD TV Videos

Latest Stories

Graeme Torre APG

APG Buys 20% Stake in Greater China Data Centre Operator OneAsia

APAC Data Centre Demand to Double Within 5 Years Says Knight Frank

crown sydney

Oaktree Lobs A$3B Bid for Packer’s Crown Stake 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

Blackstone Selling $2.9B Aussie Logistics Portfolio to ESR-GIC PartnershipBlackstone Selling $2.9B Aussie Logistics Portfolio to ESR-GIC Partnership

Asia Real Estate People in the News 2021-04-17Asia Real Estate People in the News 2021-04-17

APG Buys 20% Stake in Greater China Data Centre Operator OneAsiaAPG Buys 20% Stake in Greater China Data Centre Operator OneAsia


Connect with Mingtiandi

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Real Estate News

  • Capital Markets
  • Events
    • 2021 Mingtiandi Event Calendar
    • Join the Mingtiandi Asia Value-Add Forum 2021
    • 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