City Developments Ltd is optimistic that Singapore’s property market will remain resilient even as government cooling measures and an absence of new launches dragged down the developer’s domestic sales in the first quarter of 2022 to S$477.9 million ($348.2 million),… Read More>>
CDL-Hongkong Land JV Sells 77% of Units at Singapore Debut
A joint residential project of City Developments Ltd and Hongkong Land subsidiary MCL Land drew strong interest at its launch weekend, with buyers snapping up 315 of 407 total units at the Piccadilly Grand near Singapore’s Little India neighbourhood.
Located… Read More>>
Mirae Buys Houston Distribution Centre for $190M and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, South Korean investment firm Mirae buys a warehouse in Texas, Singapore’s Wee Hur plans to sell a stake in its student accommodation fund, and the offer price for a Melbourne office complex up… Read More>>
Sunac China Misses $30M Bond Payment and More Asia Real Estate Headlines
China’s growing group of defaulting developers leads Mingtiandi’s headline roundup again today, with top-five builder Sunac having reportedly missed a coupon payment on an offshore bond.
The saga of Singapore co-living operator Hmlet also makes our roundup as it starts… Read More>>
Evergrande Selling Stake in Hangzhou Project for $575M and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, debt-saddled China Evergrande unloads a Hangzhou mixed-use project for $575 million in cash, data centre developer Yondr plans a 200-megawatt facility in Malaysia’s Johor, and Goldman Sachs analysts forecast a 20 percent drop… Read More>>
Asia Real Estate People in the News 2022-03-14
A new board member at a Hong Kong-listed developer leads Mingtiandi’s roundup of personnel moves this week, as we bring you news of job changes in Singapore, Shanghai, Bangalore and Ho Chi Minh City, as well as in Greater China’s… Read More>>
Blackstone Leads Australia’s Cross-Border Deals and More Asia Real Estate Headlines
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.
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>>
Evergrande Loses Spot on Hang Seng Index and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, embattled developer Evergrande is dropped from one of Hang Seng’s Hong Kong stock indices, data centre platform STT GDC explores the Philippines, and British tech firm Dyson moves into its new global headquarters… Read More>>
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