Hong Kong’s New World Development leads Mingtiandi’s review of the real estate news today with the developer buying back bonds amid a stock slide. Also in the headlines, Singapore launches a pair of residential site tenders and Hong Kong’s central… Read More>>
CDL Sells Tokyo Luxury Site for $340M as Japan Focus Shifts to Multi-Family
City Developments Ltd has divested a high-end residential site in Tokyo for JPY 50 billion ($340 million), with the Singaporean developer saying it intends to focus on rental residences in Japan.
CDL said in a bourse filing last week that,… Read More>>
Singapore’s CDL Boosts UK Residential Portfolio with London, Manchester Projects
Singapore property giant City Developments Limited (CDL) has expanded its bets on UK residential with the acquisition of a condo-led mixed use project in London and a rental apartment project in Manchester.
A joint venture between CDL and UK developer… Read More>>
Singapore Adds Two Residential Sites to Land Sale Plan and More Asia Real Estate Headlines
Authorities in Singapore are ready to keep pouring more homes into the city-state’s housing market with two more sites added to the government land sale plan this week. Also in the news today, UBS predicts another 10 percent drop in… Read More>>
Developers Outbid Expectations in $1.7B Trio of Singapore Land Sales
Property heavyweights from Singapore, Hong Kong and China dominated the Lion City’s final land sale of 2023 with top bids for a trio of sites amounting to a combined S$2.3 billion ($1.7 billion), led by a stronger-than-expected offer from a… Read More>>
Singapore’s CDL Buys 25 Tokyo Apartment Buildings From BGO for $230M
City Developments Ltd (CDL) has acquired a portfolio of 25 Tokyo apartment buildings from North American fund manager BentallGreenOak for JPY 35 billion ($230 million), marking the largest purchase to date by the Singapore property heavyweight in Asia’s most mature… Read More>>
Evergrande Chairman Detained, Liquidation Looms and More Asia Real Estate Headlines
The mounting woes at China Evergrande, and their impact on China’s property sector, lead today’s collection of real estate headlines from around the region. Vietnam also makes the list with a crisis of its own, and statistics show Greater China… Read More>>
Asia Real Estate People in the News 2023-09-18
Director resignations at a pair of mainland China real estate companies lead this week’s list of personnel moves from around the region, as developers continue to reel from that country’s property crisis. Also in the news is Barings naming new… Read More>>
GuocoLand, CDL Enter Top Bids for Lentor Central, Champions Way URA Sites
Property heavyweights GuocoLand and City Developments Ltd submitted the highest bids for two separate northern Singapore projects as the Urban Redevelopment Authority closed the tender for the sites on Tuesday.
For the 1.47 hectare (3.63 acre) site at Lentor Central,… Read More>>
CDL Buys Osaka Hotel for $58M, Adding to String of Hospitality Acquisitions
City Developments Ltd has acquired a 256-room Osaka hotel for JPY 8.5 billion ($58 million), chalking up the Singapore property giant’s third hospitality acquisition this year.
CDL paid roughly $230,000 per key for the Bespoke Hotel Shinsaibashi, a freehold property… Read More>>
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