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Seized Office Floor in Hong Kong’s Central Changes Hands for 56% Off 2018 Price

2023/10/05 by Beatrice Laforga Leave a Comment

An office floor in Hong Kong’s Central district has been sold for less than half of its 2018 purchase price, after a bank in the Asian financial hub seized the property from a delinquent mainland fashion tycoon, according to a… Read More>>

Takashi Tsuji CBRE

CBRE Promotes Takashi Tsuji to President and COO of Japan Business

2023/10/04 by Michael Cole Leave a Comment

CBRE’s Japan division has selected new leadership, promoting one-time Mitsubishi executive Takashi Tsuji to president and chief operating officer.

Tsuji, who has been with the property consultancy since 2019, takes over the president role from Eiji Sakaguchi, who has been… Read More>>

Far East Shopping Centre

Mainland Billionaire’s Bright Ruby Buying Singapore Mall for Reported $667M

2023/10/01 by Beatrice Laforga Leave a Comment

Bright Ruby Resources has won the tender for an en bloc redevelopment site along Singapore’s Orchard Road for a reported S$908 million ($667 million), agreeing to a deal which now becomes the largest collective sale in the city-state so far… Read More>>

Fairprice

Mercatus Marketing Singapore Community Retail Portfolio for $194M

2023/09/27 by Beatrice Laforga Leave a Comment

After opening the year selling a trio of mall properties for more than S$2.8 billion, Mercatus Co-operative has headed back to the market with a set of community retail assets carrying a price tag of S$265 million ($194 million).

Marketing… Read More>>

VisionCrest Commercial 1

TE Capital in Due Diligence for Office Building in Singapore’s Orchard Area

2023/09/21 by Beatrice Laforga Leave a Comment

Just a few months after wrapping up sales for a project in Singapore’s central business district, local private equity firm TE Capital Partners is doing some building shopping near the city-state’s Orchard Road retail strip as it looks for another… Read More>>

Far East Shopping Centre

Commercial Complex on Singapore’s Orchard Road Up for Collective Sale at $699M

2023/07/27 by Beatrice Laforga Leave a Comment

The Far East Shopping Centre along Orchard Road in Singapore has been put up for collective sale at a price of S$928 million ($699 million) in a move that could add to the rejuvenation of the famous shopping belt.

Owners… Read More>>

FEC chairman and CEO David Chiu

Hong Kong’s Far East Consortium Marketing Aussie Ritz-Carltons for Reported $342M

2023/07/18 by Beatrice Laforga Leave a Comment

Hong Kong-based developer Far East Consortium (FEC) is marketing a pair of newly built Ritz-Carlton hotels in Melbourne and Perth with a combined 462 luxury rooms, testing the strength of a rebound in sales of hospitality assets.

The listed firm… Read More>>

VisionCrest Commercial 1

German Asset Manager Marketing Singapore Office Building for $350M

2023/07/12 by Beatrice Laforga Leave a Comment

German asset manager Union Investment is set to test investor appetite for Singapore commercial real estate as agents begin marketing an office block near the Orchard Road shopping strip at an asking price of S$470 million ($350 million).

JLL and… Read More>>

Worldwide Hotels boss Choo Chong Ngen

Worldwide Follows Singapore Record Deal with $113M Melbourne Hotel Buy

2023/07/09 by Beatrice Laforga Leave a Comment

After making the Lion City’s largest purchase of a single hotel earlier this week, Singapore’s Worldwide Hotels Group has followed up with an A$170 million ($112.8 million) buy of a high-rise hotel in downtown Melbourne from one of its compatriots.

… Read More>>

Nguyen Duc Dung Novaland

Asia Real Estate People in the News 2023-05-29

2023/05/29 by Michael Cole Leave a Comment

This week’s overview of personnel changes from around the region starts out with a pair of quick departures from a defaulting Vietnamese real estate developer. Also making our list is a new director at a casino operators, an expanded role… Read More>>

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