Singapore’s Income Insurance has put the Prinsep House commercial block in Dhoby Ghaut up for sale at an asking price of S$157 million ($118.3 million), marking the latest in a string of asset disposals by the NTUC Enterprise group of… Read More>>
CBRE Promotes Tom Gaffney to President of North Asia Advisory, Succeeding Ben Duncan
CBRE has elevated Tom Gaffney to president of the firm’s North Asia advisory business, with the post’s current holder, Ben Duncan, assuming a temporary role as North Asia chairman ahead of a planned exit next year.
Gaffney, who is regional… Read More>>
Asia Real Estate People in the News 2023-10-23
A new head of finance for Singapore’s Keppel Corporation leads today’s review of personnel moves from around the region, as the Temasek-backed group continues to transform itself. Also making the list is a top-level transition at China’s Gemdale and a… Read More>>
Asia Real Estate People in the News 2023-10-09
The resignation of a veteran Hong Kong executive from a trio of directorships leads this week’s review of personnel moves from around the region, with leadership changes at Keppel Infrastructure Trust and Shenzhen’s Logan Group also making the list.
Seized Office Floor in Hong Kong’s Central Changes Hands for 56% Off 2018 Price
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>>
CBRE Promotes Takashi Tsuji to President and COO of Japan Business
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>>
Mainland Billionaire’s Bright Ruby Buying Singapore Mall for Reported $667M
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>>
Mercatus Marketing Singapore Community Retail Portfolio for $194M
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>>
TE Capital in Due Diligence for Office Building in Singapore’s Orchard Area
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>>
Commercial Complex on Singapore’s Orchard Road Up for Collective Sale at $699M
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>>
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