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>>
Singapore’s Centurion Proposes Delisting From Hong Kong Bourse
Singapore-based rental accommodation specialist Centurion Corp says it plans to delist its shares from the Hong Kong Exchange to cut costs and reporting obligations, while maintaining its presence on the SGX.
The company led by co-chairmen Han Seng Juan and… Read More>>
Singapore’s Centurion Sells Seoul Student Housing Asset to Exit South Korea
Singapore-based Centurion Corp has sold off its sole student housing property in South Korea in a deal valued at KRW 21.25 billion ($16 million), as the rental residential specialist narrows the scope of it student accommodation strategy.
Centurion, together with… Read More>>
Singapore’s Centurion Plans $92M Sydney Student Housing Project
Singapore-based Centurion Properties is proposing to build a 732-unit student housing complex in Sydney, Australia for A$132.17 million ($91.5 million) to serve the growing demand for high quality facilities generated by a wave of returning overseas students.
A unit of… Read More>>
Sydney’s One Circular Quay Nears $700M Sale and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, an uncompleted former Dalian Wanda dream project in Sydney is on the cusp of being sold by its third Chinese owner, according to Aussie media reports. Also in the news, housing broker Beike… Read More>>