In today’s roundup of regional news headlines, Blackstone tops GIC as Australia’s most prolific dealmaker of 2021, Singapore development giant CDL invests in Taronga Ventures’ flagship proptech fund, and Hong Kong residential sales tumble 33 percent on a month-to-month basis.
SHKP, Hysan Profits Slide, Bigger Challenges Loom and More Asia Real Estate Headlines
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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Indonesian Tycoon Buying Singapore’s Tanglin Shopping Centre for $645M
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 Buys Melbourne Multi-Family Project From CDL for $22M as Aussie Platform Grows
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>>
CDL, GuocoLand JV Place Top Bids in Singapore’s First Land Sale of 2022
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>>
CDL Chairman Names Nephew as Group COO, Refills Empty Board Slots
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>>
Singapore’s CDL Selling Hilton Millennium Seoul Hotel to IGIS for $930M
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>>
CDL Paying Far East Trust $230M for Central Square to Add to Clarke Quay Project
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>>
CDL Buys Residential Site in Singapore’s Upper Bukit Timah for $93M
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>>
Ascendas India Trust Buys Mumbai Tower for $47M and More Asia Real Estate Headlines
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>>
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