The US securities regulator issues a summons for Asia’s second-richest man as bribery allegations swirl, with that story leading today’s headline roundup. Also in the news, Hong Kong builder Far East Consortium warns of a six-month loss and Korean giant… Read More>>
DBS Completes Buy of Hong Kong Office Floor and More Asia Real Estate Headlines
Singapore banking giant DBS continues to acquire floors at a landmark Hong Kong office tower, with that story leading today’s headline roundup. Also making the list, private equity major Bain nears a deal to buy Singapore worker housing from Blackstone… Read More>>
Singapore Retail Scion Cuts Mansion Price by $5M and More Asia Real Estate Headlines
A Singapore mansion tied to a local retail dynasty has slashed its asking price further, with that report leading today’s headline roundup. Also making the list, China cuts a key reference rate for mortgage loans and a data centre buy… Read More>>
Hong Kong Launches Logistics Site Tender and More Asia Real Estate Headlines
The government of Hong Kong will sell a 77,737 square metre (836,754 square foot) site earmarked for a multi-storey logistics facility, with that story leading today’s headline roundup. In other news, Singapore’s CDL announces plans for a mixed-use project near… Read More>>
Daishin Securities Seoul Office Sale Collapses and More Asia Real Estate Headlines
The collapse of a Korean office deal leads this edition of Mingtiandi’s headline roundup, with Daishin Securities pulling the plug on the sale of its Seoul headquarters to NH-Amundi. Also making the list, a Shenzhen private developer exits a central… Read More>>
CDL H1 Profit Surges 32% on Divestment Gains, Hotel Performance
Singapore’s City Developments Ltd reported a first-half attributable profit of S$87.8 million ($66.8 million), up 32 percent year-on-year, with divestment gains and hotel income weighing heavily as development revenue dipped.
CDL’s overall revenue for the six months tumbled 42 percent… Read More>>
Singapore’s First Sponsor Closes $16M Deal to Buy Sydney Heritage Building
A consortium led by Singapore-listed First Sponsor has completed the acquisition of Sydney’s City Tattersalls Club in a deal valued at A$24.7 million ($16.7 million), paving the way for the downtown property’s redevelopment into a 50-storey residential and hotel project.
Hongkong Land Launches $1B Retail Upgrade in Central and More Asia Real Estate Headlines
Hongkong Land is turning to friends from the luxury world as it undertakes a $1 billion revamp of its Landmark retail complex in Central district, with that story leading Mingtiandi’s headline roundup today. Also in the news, Keppel Infrastructure Trust… Read More>>
CDL Buying Singapore’s Delfi Orchard for $326M on Way to Redevelopment Project
Singapore’s City Developments Ltd is on its way to adding one more redevelopment project to a rapidly transforming Orchard Road after winning a tender for a commercial building along the city-state’s famed shopping street.
The developer known as CDL was… Read More>>
Lendlease Chairman Pressured to Leave Quickly and More Asia Real Estate Headlines
The drama around Australia’s Lendlease entered a new chapter this week with the developer’s largest shareholder calling for the speedy departure of the company’s chairman, with that story leading Mingtiandi’s headline roundup. Colonel Sanders also makes the list with Carlyle… Read More>>
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