News of the impact of Hong Kong’s economic slump on even its biggest players leads today’s headline roundup as the city’s biggest developer reveals that some of its hotels are now only half-occupied while its shopping centres suffer a lack… Read More>>
CapitaLand Profit Falls 4.2% and More Asia Real Estate Headlines
Falling profits lead the way in Mingtiandi’s roundup of real estate headlines today with the news that earnings at a major Singapore developer took a hit from the costs of a recent merger.
In other news around the region, an… Read More>>
Asia Real Estate People in the News 2019-07-08
In this week’s edition of Mingtiandi’s People in the News, CapitaLand unveils two leadership appointments following the Singapore-based property giant’s $8 billion merger with Ascendas-Singbridge, clarifying who’s driving which divisions of a company which now manages $90 billion of assets.
Wheelock Makes HK$4B in Biggest Housing Launch in 6 Years and More Asia Real Estate Headlines
In today’s roundup of real estate headlines from Asia, Hong Kong’s housing rebound leads the way with home sales reaching new records over the weekend.
Elsewhere in the region, the investors behind an online to offline coffee startup seem eager… Read More>>
Manulife US REIT Buying DC Area Offices for $122M and More Asia Real Estate Headlines
Most of the region is on holiday today, but there’s still news to report leading with developers and investors from Asia making acquisitions in the US, Europe and Australia.
In addition to a Singapore-listed REIT buying a pair of office… Read More>>
CDL, Alpha JV Selling Singapore Office Blocks in S$395M Deal
City Developments Ltd (CDL) and Alpha Investment Partners have agreed to sell a suburban office project in Singapore at a reported S$395 million ($291.5 million) valuation, marking the second divestment from a joint venture between the listed developer and the… Read More>>
Wing Tai and Hong Leong-CDL JV Top Bidders for S$875M Pair of Singapore Sites
Developers in tropical Singapore kept their cool at a couple of land tenders last week with a site near Bugis, at the fringe of downtown bringing 10 offers, while a second plot in the Geylang red light district attracted only… Read More>>
ARA-Chelsfield JV Buys SG’s Manulife Centre From CDL and Alpha for S$555M
A joint venture between ARA Asset Management and Chelsfield Asia has purchased the Manulife Centre on Singapore’s Bras Basah Road for S$555.5 million ($408.8 million), according to statements released late Friday.
Singapore-based ARA and Chelsfield, the Asian arm of a… Read More>>
Singapore’s CDL Buys Former London Stock Exchange from Blackstone for £385M
Shrugging off Brexit concerns, City Developments Limited (CDL) had added another trophy asset to its London collection. The Singapore-listed developer announced on Friday that it has acquired a prime office tower in London from Blackstone for £385 million ($493.99 million) —… Read More>>
Chelsfield Said in Due Diligence for S$550M Buy of SG’s Manulife Centre From Alpha and CDL
In what would be its first Singapore deal, UK property developer Chelsfield is said to be closing in on an acquisition of the Manulife Centre on Singapore’s Bras Basah Road in the latest sign of ongoing growth in the city-state’s… Read More>>
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