In today’s roundup of regional news headlines, a Singapore condominium relaunches its collective sale and new properties hit the Lion City market on Cecil Street and in Geylang. Also in the news, US flexible workspace provider Industrious expands in Asia… Read More>>
China’s Yango Misses Bond Deadline and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Yango Group becomes the latest Chinese developer to miss interest payments, compatriot Shimao requests an extension on some of its own debt, and Hong Kong’s Sino Hotels sees a bleak year ahead for… Read More>>
TE Capital, LaSalle Close on $240M Buy of Singapore’s PIL Building
Local private equity firm TE Capital Partners and LaSalle Investment Management have completed the acquisition of an office building on Cecil Street in downtown Singapore for S$323.8 million ($240.6 million), in a bid to ride an office market recovery driven… Read More>>
Watsons Closes Tsim Sha Tsui Shop After 20 Years and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Li Ka-shing’s CK Hutchison closes a Watsons shop in Tsim Sha Tsui as Hong Kong tourism dries up, Singapore’s Mapletree acquires a bottling plant in the southern US, and momentum builds for a… Read More>>
Evergrande Creditors Cut Exposure and More Asia Real Estate Headlines
China Evergrande’s recent episode involving a disputed plea for government assistance may have spooked the company’s creditors, as reports circulate this week that some of the developer’s biggest lenders are cutting back on loans and other credit to the chronically… Read More>>
Troubled Shipping Firm Puts Singapore Office Building on the Block for S$350M
Financially troubled Pacific International Lines, Singapore’s largest container shipping company, has put its office building near the city’s Raffles Place central business district on the market for an indicative price of S$350 million ($252 million), a source familiar with the… Read More>>
Savills Leads Brokerage Wins with $1.2B LG Towers Sale in Beijing Mingtiandi Broker Battle
Despite the market continuing to be quiet across Greater China, Savills’ reported brokering of the RMB 8 Billion ($1.1 billion) sale of LG Group’s Beijing HQ tops Asia’s deal charts this week, with the deal ranking as the biggest transaction… Read More>>
HK’s Campfire Leases 16-Storey Building in SG and More Asia Real Estate News
Singapore stories figure heavily into our collection of real estate news from around the region as one of the Asian financial hub’s homegrown shared space operators opens its biggest location ever near Raffles Place and the Lion City’s former head… Read More>>
Shanghai Investors Asking S$210M for SG Tower Just 8 Months After Buying at S$125M
Mainland investors have gained a reputation for paying top dollar for real estate assets around the world, and now a Shanghai developer may be translating this same pricing strategy to its plan for selling an 11-storey office block in downtown… Read More>>
Wanda Bets on $5.1B Hefei Theme Park and More Asia Real Estate Headlines
Wang Jianlin just can’t keep out of the news as the mainland billionaire’s Wanda Group opens its latest theme park in Anhui province. Also in the news, CapitaLand picks up its ninth residential project in Vietnam, while Shanghai investors buy… Read More>>
