In today’s news roundup, Singapore-listed CapitaLand Retail China Trust makes a deal to sell properties in Wuhan, a female executive is sought on suspicion of a casino heist on South Korea’s Jeju island, and Australia blocks the Chinese buyout of… Read More>>
Singapore office landlords received some good news today as China’s Bytedance follows through on earlier talk of expanding its presence in the city-state with three-storey lease near Raffles Place.
While the maker of TikTok is enlarging its… Read More>>
Korean investors lead Asia’s real estate headlines again today as Mirae Asset Global Investments puts more of its cash into the US with Texas warehouse buy.
Also in the news, China state-owned developer Poly Global is losing some enthusiasm for… Read More>>
Damage from the coronavirus pandemic continued to show up in the earnings of Asia’s top developers today as Hong Kong-listed Swire Properties reported a 90 percent drop in profit during the first six months of 2020.
Also… Read More>>
Mainland investors continue to expand their presence in Hong Kong this week as China Vanke teamed up with a Qingdao-based builder to snatch up a residential plot in the New Territories.
Also in the news, Morgan Stanley… Read More>>
Ascott Residence Trust said Monday it has agreed to sell the Ascott Guangzhou and the Citadines Didot Montparnasse Paris serviced apartments for S$191.4 million ($138.8 million) as the Singapore-listed real estate investment trust seeks to monetize assets despite the COVID-19… Read More>>
Yet another major developer has seen its financial results take a beating as a result of COVID-19, as a Singaporean player leads today’s real estate headlines with news of an 18 drop in profits as valuations slide.
Also in the… Read More>>
A survey shows that while Hong Kong’s leadership may have lost the plot regarding what makes a great financial centre, they continue their mastery of creating a housing shortage as the city ranks as the world’s least affordable place to… Read More>>
Despite the impact on Hong Kong’s hotel industry after months of escalating social unrest, a select number of players are doing some bargain hunting in the Asian financial hub.
Among the most active purchasers this year has been Payson Cha’s… Read More>>
The Ascott Ltd, CapitaLand’s hospitality unit, is buying a freehold serviced residence project in Sydney for S$192 million ($139 million), bringing Ascott’s assets under management to S$10 billion globally, according to an announcement by the company.
The serviced apartment owner-operator… Read More>>