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>>
CDL, UOL Report First-Half Profit Drops as Investment Gains Dry Up
City Developments Ltd and UOL Group posted first-half profit declines as a lack of large investment gains hit the bottom line at the Singapore-listed builders.
At CDL, net profit after tax and non-controlling interest plunged to S$66.5 million ($49 million)… Read More>>
Singapore’s First Housing Launches of Second-Half Meet Cooler Buyer Reception
After Singapore home prices dropped for the first time in over three years during the second quarter, the first major project launches of 2023’s second half met with cooler responses from homebuyers facing new prospects for housing choice in what… Read More>>
Singapore’s CDL Buys Seoul Hotel From Shinhan REIT for $110M
City Developments Ltd has acquired a 408-room hotel in Seoul for KRW 140 billion ($110 million), betting on strong demand driven by international visitors to South Korea.
Singapore’s biggest non-state-controlled developer bought the Nine Tree Premier Hotel Myeongdong II from… Read More>>
GLP Japan Fund Hits $3.2B After New Inflows and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, GLP beefs up its flagship Japan logistics fund with new capital commitments, and China Evergrande’s former CEO reportedly puts his Hong Kong home on the market. Also making the list is a report… Read More>>
Asia Real Estate People in the News 2023-06-05
Singapore’s largest non-state-backed developer leads this week’s set of staffing changes from around Asia’s real estate industry as the company names a new CIO. Also making the list is CapitaLand Investment, which has appointed new leadership for its Korea data… Read More>>
Singapore’s IREIT Buying 17 French Retail Properties for $82M
Singapore-listed IREIT Global has agreed to acquire a portfolio of 17 retail properties across France for €76.8 million ($82 million), as the Europe-focused trust continues to diversify its holdings beyond the office sector.
Classified as out-of-town retail parks, the freehold… Read More>>
Singapore’s CDL Set to Kick Off Pair of Aussie BTR Projects
Singapore property heavyweight City Developments Ltd (CDL) has officially entered Australia’s build-to-rent (BTR) residential sector with a pair of development projects set to break ground in the second half of this year.
CDL Australia will begin construction on a rental… Read More>>
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