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, cash-strapped China Evergrande exits its stake in internet firm HengTen Networks, rival Country Garden’s property services arm seeks to raise cash through a share sale, and Hong Kong’s government eyes a record haul… Read More>>
In today’s roundup of regional news headlines, Hong Kong’s New World Development acquires a further stake in three run-down Causeway Bay buildings, flexible office provider IWG contemplates a spin-off of its digital assets, and a CapitaLand-CDL venture is set to… Read More>>
Distress leads the news today with reports from Korea and mainland China showing signs of tough financial times for real estate firms, including Singapore’s CDL selling a Seoul luxury hotel after suffering a disastrous 2020.
Also, a fresh set of… Read More>>
After investing $1.4 billion in Sincere Property Group (协信远创) over the past 17 months, City Developments Ltd has agreed to sell its majority stake in the Chongqing-based developer for $1.00 as it writes off the mainland joint venture.
“The consideration… Read More>>
In today’s roundup of regional news headlines, Ping An is reportedly under scrutiny by China’s government about some of the giant insurer’s property investments, while the world’s most indebted developer, China Evergrande, posts a 29 percent drop in first-half net… Read More>>
In today’s roundup of regional news headlines, Hong Kong’s New World Development sets sights on its biggest-ever project in China, private equity titan Blackstone picks up a pair of assets in India, and Singapore’s GLP forms a logistics investment partnership… Read More>>
In today’s roundup of regional news headlines, Tuan Sing wins a tender for a freehold site in central Singapore, Hong Kong’s Kerry Properties reports a blowout first-half profit, and Raffles Education puts its corporate building and college campus up for… Read More>>
Singapore’s condo market is experiencing a full-scale boom, but that upswing hasn’t been enough to cure the ills of the city’s largest non-government-backed developer, as City Developments Ltd revealed its second quarter financials today.
Also in the… Read More>>