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 transaction… 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>>
Shanghai Investor Buys Singapore Office Tower for Over $150M
An office building in downtown Singapore has sold to a mainland Chinese investor for more than S$210 million ($150 million), through acquisition of equity in the company that owns the freehold building near the city’s upscale Marina Bay commercial area.
