Private home prices in Singapore rose by 2.7 percent in the final three months of 2023, compared to the preceding quarter, as slower sales allowed a few luxury project launches to skew a government price index higher, while growth for… Read More>>
Downtown Singapore Office Rent Growth Set to Slow to 2% in 2024 as Supply Surges
Growth in Grade A office rents in downtown Singapore is expected to taper to 2 percent next year from 2023 levels amid a surge in new supply, according to Cushman & Wakefield.
After rising 6.5 percent in 2022 and an… Read More>>
Li Ning Buying Office Tower From Henderson for $283M to Set Up Hong Kong HQ
Chinese gymnastics legend Li Ning made his name being fearless on the pommel horse and rings, and now the sportswear company that bears his name is vaulting into a Hong Kong office market where many investors fear to venture.
China’s… Read More>>
C&W Promotes Mandy Qian to Lead Greater China Business Development
Cushman & Wakefield has promoted Mandy Qian to head of business development services for Greater China, taking over from longtime Shanghai hand James Shepherd, who has returned to the UK.
Qian previously led North China business development services and Greater… Read More>>
Hong Kong Slips in Global Retail Rent Rankings as Recovery Lags
Hong Kong’s Tsim Sha Tsui slid to the third spot among the world’s most expensive shopping districts this year as economic recovery in the Asian financial hub lagged its global peers, according to a report released this month.
Retail rents… Read More>>
Social Club in Singapore’s Bukit Timah to Make Way for More Housing
A private club in Singapore’s upscale Bukit Timah area is set to make way for more housing in one of the city-state’s most exclusive districts, once its lease expires in three years, as the government continues to expand housing supply.
Morgan Stanley Says Chinese Afraid to Buy Homes and More Asia Real Estate Headlines
Buying a home in China was once a step on the road to wealth, but it may now look like the first chapter in a horror story, according to a Morgan Stanley survey that leads today’s headline roundup. Also in… Read More>>
David Teo’s Apricot Capital Buys Bukit Timah Shopping Centre in Singapore for $77M
Apricot Capital, the family office of Singapore instant coffee king David Teo and his family, is buying a mixed-residential and retail property in Bukit Timah for S$105 million ($77 million) as the city-state’s real estate market continues to appeal to… Read More>>
Asia Real Estate People in the News 2023-10-09
The resignation of a veteran Hong Kong executive from a trio of directorships leads this week’s review of personnel moves from around the region, with leadership changes at Keppel Infrastructure Trust and Shenzhen’s Logan Group also making the list.
Frasers REIT Sells Mall in Singapore’s Changi to Mainland Family for $250M
Singapore-listed Frasers Centrepoint Trust is selling a mall near Changi airport for S$338 million ($250 million) to a mainland Chinese family, according to sources who spoke with Mingtiandi.
FCT’s manager told the local bourse on Wednesday that it has entered… Read More>>
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