Leading today’s roundup of Asia real estate happenings is more bad news for a Singapore-listed hotel trust, which has just lost three of its remaining six directors, according to an announcement to the stock exchange today.
Also,… Read More>>
Third Director Leaves CDL Board Over Investment in China’s Sincere Property
The new year is looking much like the old for City Developments Ltd and its board, with a third director in as many months stepping down over the Singaporean firm’s contentious investment in Chinese developer Sincere Property Group.
The resignation… Read More>>
China Logistics Properties Stake on Block for $1B and More Asia Real Estate Headlines
In our latest roundup of regional news headlines, China Logistics’ two biggest shareholders set in motion a plan to sell a 50 percent stake in the firm, a Hong Kong mixed-use property formally changes hands, and Singapore developer CDL obtains… Read More>>
Singapore’s CDL Loses Second Director Over Loss-Making Mainland Investment
For the second time in less than three months, a board member of City Developments Ltd has stepped down over concerns about the Singaporean firm’s investment in mainland Chinese developer Sincere Property Group.
The resignation of independent non-executive director Koh… Read More>>
Hiranandani to Invest in IDC, Industrial Parks and More Asia Real Estate Headlines
In our latest roundup of regional news headlines, one of India’s key property groups says it will spend big to build data centres countrywide, Singaporean developer CDL announces plans for the divestment of a hotel on Malaysia’s Penang island, and… Read More>>
Singapore’s CDL Predicts 2020 Loss, Further Hotel Woes Next Year
In full-year guidance released Monday, City Developments Ltd said it expected the effects of the COVID-19 pandemic to continue into 2021 as the Singaporean developer predicted a loss for 2020.
CDL foresees its global hospitality segment, led by wholly-owned subsidiary… Read More>>
Evergrande Services IPO Said to Raise $1.8B and More Asia Real Estate Headlines
In today’s edition of Mingtiandi’s regional news roundup, Hong Kong-listed Evergrande’s property services spin-off reportedly raises $1.8 billion from its IPO, property developer China Overseas Land & Investment acquires a Zhuhai plot for a record amount, and South Korea’s Hana… Read More>>
Singapore’s CDL Appoints Hospitality Veteran, Aberdeen Alum to Board
Fresh off its announcement last week of a plan to streamline its loss-making hotel division, City Developments Ltd has named two new directors to the CDL board, including an old Asia hand with nearly five decades of hospitality experience.
The… Read More>>
CDL Says It Will Offload Hotels After Hospitality Business Lost $155M in 2020 1H
Millennium & Copthorne Hotels Ltd has offered a glimpse of its recovery strategy after a 12-month period that witnessed an ill-timed privatisation, a sector-wrecking pandemic and boardroom upheaval.
After the hospitality division of Singapore-listed City Developments Ltd (CDL) reported a… Read More>>
CDL Appoints Deloitte to Evaluate Sincere Property Deal and More Asia Real Estate Headlines
In today’s instalment of Mingtiandi’s regional roundup, Singapore’ CDL has appointed Deloitte as an external financial advisor to evaluate its investment in a mainland property developer after a veteran board member and cousin of founder Kwek Leng Beng resigned over… Read More>>
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