The CEO of City Developments Ltd hits back at his dad’s allegations of a boardroom coup at the Singaporean giant, with that family feud leading today’s headline roundup. Also making news, Hong Kong’s Sun Hung Kai Properties reports rising earnings… Read More>>
CDL Chairman Accuses Son of ‘Attempted Coup’ as Sherman Kwek Remains CEO
Investors eager for Singapore’s largest non–government controlled developer to announce its 2024 financials on Wednesday received more excitement than expected when the executive chairman and chief executive officer of City Developments Ltd issued separate statements regarding an alleged struggle for… Read More>>
Mainland Magnate Buys Stake in Faltering Star Casinos and More Asia Real Estate Headlines
A Chinese coal tycoon is revealed to be an investor in troubled Australian casino firm Star Entertainment, with that story leading today’s headline roundup. Also in the news, Singapore’s CDL makes a buyout offer for its listed New Zealand hotel… Read More>>
Asia Real Estate People in the News 2024-12-09
A new chief for one of the Singapore exchange’s largest China REITs leads this week’s collection of personnel moves from around Asia, with CapitaLand China Trust naming a new CEO. Also making the list is a new Singapore hire for… Read More>>
India’s Adani Hit with US SEC Summons and More Asia Real Estate Headlines
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>>
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