ESR is negotiating the sale of a slice of a Shanghai office tower for around RMB 1.6 billion ($231 million) as the investment manager continues to dispose of assets acquired through its $5.2 billion buyout of Singapore’s ARA Asset Management… Read More>>
UOL Awarded Singapore Orchard Boulevard Site and More Asia Real Estate Headlines
A luxury residential tender in Singapore leads today’s roundup of headlines from around the region, with UOL Group winning a site on Orchard Boulevard for $319 million. Also in the news, Brookfield is said to be taking some cash out… Read More>>
Hong Kong Lived-In Home Prices Continue Skid and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, lived-in home prices in Hong Kong fall to their lowest since early 2019, while city-based lender Bank of East Asia sustains record-high bond losses driven by China’s housing crisis.
Hong… Read More>>
$1.3B Singapore Tender Fails to Draw a Bid and More Asia Real Estate Headlines
The upper limits of Singapore’s commercial property market were successfully tested this week as a $1.3 billion project tender in the city’s Chinatown area failed to draw a single bid from potential developers. Also in the news, Evergrande’s electric vehicle… Read More>>
Mortgage Discounts Expected as China Home Sales Continue Slide
A survey this month of economists and analysts tracking China’s real estate sector found that nearly three-quarters of the market experts expect a return of preferential mortgage rates for first-time buyers in the coming months. The shift in credit policy… Read More>>
China’s Tighter Loan Market May Be Slowing Down Home Sales
Higher mortgage rates and vanishing loan discounts may make it harder for China’s real estate developers to sell homes this year, as the government continues to rely on financial sector restrictions to slow down the real estate market.
Without introducing… Read More>>