Asia’s living sector is generating strong returns as growing rental demand and supply constraints boost occupancy at co-living, student housing, and worker accommodation properties, according to a panel of top executives speaking at Mingtiandi’s Singapore Forum on Tuesday. Watch… Read More>>
Centurion H1 Profit Spikes 209% on Jump in Property Valuations
Singapore’s Centurion Corp posted a 209 percent year-on-year surge in attributable profit to S$118.2 million ($89.7 million) for the first half of the year, boosted by net fair value gains of S$61.6 million.
Excluding fair value adjustments, net profit from… Read More>>
Centurion JV Secures Master Lease for Hong Kong Worker Housing Project
Singapore-based rental housing specialist Centurion Corp and its Hong Kong local partner have struck a deal to lease all 50 residential units in a New Territories building with the intent of renovating the property into a 550-bed worker accommodation.
The… Read More>>
Speaker Bio: Ho Lip Chin of Centurion Corporation MTD TV Productions
Mr. Ho Lip Chin joined Centurion Corporation Ltd in January 2012 as Director, Investments before his appointment as the Group’s Chief Investment Officer of Accommodation Business in 2015.
He is responsible for growing the Group’s accommodation business and assists in… Read More>>
China Supersizes Property Market Bailout and More Asia Real Estate Headlines
Mainland China’s property crisis leads Mingtiandi’s headline roundup again today with Beijing rolling out a raft of measures to revive the market at the same time that new statistics show home prices dropping for an 11th straight month. Also making… Read More>>
Microsoft to Spend $2.9B on Japan Data Centres and More Asia Real Estate Headlines
Microsoft leads Mingtiandi’s headline roundup today as the tech giant plans to spend an unprecedented sum on its cloud and AI infrastructure in Japan. Blackstone also makes the list as it looks to borrow more than $1 billion against its… Read More>>
Asia Real Estate People in the News 2024-01-01
A top management change at Ping An Insurance leads Mingtiandi’s first review of personnel moves around Asia for 2024, with the mainland financial giant naming its now former co-CEO to a non-executive director role. Also making the list is a… Read More>>
Centurion Selling Malaysia Worker Dorms to Local Pension Fund for $47M
Singapore rental housing specialist Centurion Corp is selling two worker dormitories in Malaysia to the country’s largest public sector pension fund, Kumpulan Wang Persaraan (KWAP), for MYR 227 million ($47 million).
Centurion entered into a sale-and-leaseback deal with KWAP on… Read More>>
GLP in Talks to Sell Mainland Assets and More Asia Real Estate Headlines
Warehouse giant GLP leads today’s collection of real estate headlines from around the region with the industrial specialist in discussions to sell some of its mainland assets to China Railway Materials. Also in the news, iPhone maker Foxconn is reported… Read More>>
Singapore’s Centurion Gets Green Light for HKEX Delisting
The Hong Kong stock exchange has approved the proposed delisting of Singapore-based rental accommodation specialist Centurion Corp.
The HKEX’s listing committee gave the go-ahead last Thursday, Centurion said Monday in a filing. The plan still requires the approval of shareholders… Read More>>