A director change at a Singapore-listed REIT leads this week’s collection of personnel moves from around the region, as Singapore’s CDL sees the departure of its chief investment officer. There’s also a new finance boss at Hong Kong-listed Kerry Properties,… Read More>>
City Developments Ltd maintained what it dubbed a “resilient performance” across business segments in the third quarter of 2022, as the Singaporean property giant’s sales slowed in the absence of new project launches.
CDL and its joint venture associates sold… Read More>>
China’s ongoing real estate struggles lead today’s news from around the real estate world, with home prices falling for a thirteenth straight month, as sales dropped 15 percent during September. That slide also includes developer Yango Group being hit with… Read More>>
In today’s roundup of regional news headlines, high-profile bank Goldman Sachs issues a bleak outlook for Hong Kong’s housing market, China’s E-House brokerage files for bankruptcy protection in the US, and HKEX-listed SF REIT scales back its growth ambitions.
Two land parcels within the new Lentor Hills estate were auctioned off by Singapore’s Urban Redevelopment Authority on Tuesday, with a consortium led by Chinese-owned United Engineers winning the larger of the two residential development sites with a bid of… Read More>>
City Developments Ltd on Thursday posted a first-half net profit of S$1.1 billion (now $800 million), a record-high result propelled by a one-time gain from the Singapore-based builder’s divestment of the Millennium Hilton Seoul hotel.
Revenue in the first six… Read More>>
City Developments Ltd has teamed up with fellow Singaporean investor HThree City to acquire an 18-storey building in downtown Melbourne for A$236 million ($162.2 million), marking an expansion by property giant CDL into the Australian office sector.
The Grade A… Read More>>
A joint residential project of City Developments Ltd and Hongkong Land subsidiary MCL Land drew strong interest at its launch weekend, with buyers snapping up 315 of 407 total units at the Piccadilly Grand near Singapore’s Little India neighbourhood.
Located… Read More>>
China’s growing group of defaulting developers leads Mingtiandi’s headline roundup again today, with top-five builder Sunac having reportedly missed a coupon payment on an offshore bond.
The saga of Singapore co-living operator Hmlet also makes our roundup as it starts… Read More>>
Hongkong Land’s Singapore unit MCL Land is set to grow its portfolio of luxury Lion City condos by teaming up with local developer City Developments Ltd (CDL) for a four-tower residential complex project in the city-state’s lower east coast area.