Asia Pacific real estate investment news and information
In today’s roundup of regional news headlines, a pair of Hong Kong property giants report profit declines, Singapore’s CapitaLand eyes an industrial project in Vietnam, and Jingrui becomes the latest Chinese developer to request debt payment extensions.
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A company owned by the family of Indonesian lumber tycoon Sukanto Tanoto has acquired the Tanglin Shopping Centre in Singapore’s Orchard Road area at a 10 percent premium over the reserve price in the asset tender, as commercial properties in… Read More>>
Hines has acquired its second build-to-rent project in Melbourne, Australia for a reported A$30 million ($21.6 million) with the US developer taking over the development from Singapore’s City Developments Ltd (CDL) and a pair of local partners.
Hines is planning… Read More>>
Sites for luxury housing development continued to find favour with developers in Singapore’s first land sale of the year, despite new market restrictions put in place just one month ago, with local development giant CDL besting seven other bidders for… Read More>>
With a fresh round of cooling measures having dealt a fresh blow to a company still reeling from a S$1.9 billion (now $1.4 billion) loss last year, City Developments Ltd (CDL) has turned to the family for some help.
The… Read More>>
City Developments Ltd (CDL) is set to sell the Hilton Millennium Hotel in Seoul, along with an adjoining site, to local fund manager IGIS Asset Management for KRW 1.1 trillion ($930 million) as the Singapore-listed developer continues to divest loss-making… Read More>>
City Developments Ltd (CDL) will acquire the Central Square complex near Clarke Quay from Far East Hospitality Trust for S$315 million ($230 million), according to a statement late Thursday, as part of a plan to redevelop its neighbouring Central Mall… Read More>>
A unit of SGX-listed developer City Developments Ltd (CDL) has secured the rights to a pair of commercial properties in Upper Bukit Timah for S$126.3 million ($92.5 million), a move that could pave the way for a new condominium tower… Read More>>
In today’s roundup of regional news headlines, Singapore-listed Ascendas India Trust picks up a commercial tower in India’s Navi Mumbai, Burberry joins other high-fashion brands in exiting a prestigious Hong Kong shopping strip, and Chinese banks are under pressure from… Read More>>
In today’s roundup of regional news headlines, embattled developer Evergrande is dropped from one of Hang Seng’s Hong Kong stock indices, data centre platform STT GDC explores the Philippines, and British tech firm Dyson moves into its new global headquarters… Read More>>
