Asia real estate and outbound investment news
A fourth director has resigned from the board of City Developments Ltd (CDL) after the troubled Singapore development titan reported a loss attributable to shareholders of S$1.9 billion ($1.4 billion) in 2020.
Jenny Lim Yin Nee ended her role as… Read More>>
A joint venture of City Developments Ltd and Hongkong Land affiliate MCL Land has made the top bid for a residential plot near Singapore’s Little India neighbourhood.
The partnership’s bid of S$445.9 million ($336.2 million) for the 99-year leasehold site… Read More>>
Fines are in fashion in China as the boss of real estate listings site Anjuke seems to have been inspired by recent government action against Alibaba to call down government fury upon his larger competitor.
Singapore is… Read More>>
In today’s roundup of regional news headlines, Chinese internet giant Tencent launches its first data centre in Indonesia, the investment arm of Canada’s biggest pension plan announces an Indian office joint venture with developer RMZ, and another Indian developer, Macrotech,… Read More>>
In today’s roundup of regional news headlines, China strikes back at Western apparel brands over their allegations of forced labour in Xinjiang, mainland developers report slimmed-down debt levels in their annual results, and the country’s $1 trillion sovereign wealth fund… Read More>>
In our latest roundup of regional news headlines, Blackstone reportedly sours on the idea of an IPO for its Australian logistics portfolio, a managed accommodation provider in India nears a deal to raise $120 million in funding, and new-home prices… Read More>>
A war of words is brewing after Singapore-based City Developments Ltd clapped back against what it termed incorrect information issued by its joint venture partner, Chinese developer Sincere Property Group.
CDL’s response on Thursday came a day after Sincere released… Read More>>
In today’s roundup of regional news headlines, heavily leveraged mainland developer CFLD announces its latest default, China’s Sincere Property throws shade on joint venture partner CDL of Singapore, and 41 parties enter the race for a Hong Kong development project.
Special purpose acquisition companies are in vogue among Hong Kong’s best-known financiers, with a report indicating that Goodwin Gaw’s Gaw Capital Advisors is planning a US SPAC just days after the city’s richest man, Li Ka-shing was said to be… Read More>>
Singapore-listed City Developments Ltd on Monday said it had agreed to acquire an effective 55 percent stake in a Shenzhen technology park in a bid to shore up the liquidity of CDL’s joint venture with Chinese developer Sincere Property Group.
