Merlin Bingham Swire, deputy chairman and chief executive of his family’s 208-year old conglomerate John Swire & Sons Ltd, has sold all of his shares in the group’s property development unit Swire Properties and has now cut his holdings in… Read More>>
CK Asset H1 Profit Falls 15% as Ailing Economy Hits Home Sales, Office Leasing Suffers
Li Ka-shing’s CK Asset Holdings posted a 15 percent year-on-year drop in first-half attributable profit to HK$8.6 billion ($1.1 billion) as economic weakness in Hong Kong and mainland China hurt home sales.
The developer controlled by Hong Kong’s richest man… Read More>>
Singapore Home Sales Show Recovery Signs as Fresh Launches Stir Interest
New private home sales in Singapore more than doubled in July compared with June figures to reach their highest level in four months, according to data released by the Urban Redevelopment Authority on Thursday.
Developers sold 571 new homes last… Read More>>
Chinese Estates Sells Mayfair Office Block to the UK’s Oval Real Estate for $161M
Chinese Estates Holdings has sold an office block in London’s posh Mayfair area to local developer and investor Oval Real Estate for £125.4 million ($160.9 million), with the asset changing hands at a 7 percent discount to its £135 million… 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>>
CDL H1 Profit Surges 32% on Divestment Gains, Hotel Performance
Singapore’s City Developments Ltd reported a first-half attributable profit of S$87.8 million ($66.8 million), up 32 percent year-on-year, with divestment gains and hotel income weighing heavily as development revenue dipped.
CDL’s overall revenue for the six months tumbled 42 percent… Read More>>
CapitaLand Investment 1H Profit Dips 6%, Sells Suzhou Asset to RMB Fund
CapitaLand Investment (CLI)’s net profit declined 6 percent year-on-year to S$331 million in the first half of the year, as portfolio gains helped cushion a 14 percent slide in operating profit after tax and minority interest (PATMI).
SGX-listed CLI’s revenue… Read More>>
ESR Warns of $210M H1 Loss on Markdowns, Fee Income Drought
ESR expects to report a loss of $210 million for the first half of the year, according to a warning issued Wednesday by the Hong Kong-listed industrial developer and fund manager.
The predicted shortfall would reverse a net profit of… Read More>>
PGIM JV Buying Stamford Court From Singapore Land for $99.9M
Singapore’s real estate investment market started off the week with a pair of major transactions as SGX-listed Singapore Land late Monday announced the sale of a commercial building near City Hall at an agreed property value of S$132 million ($99.9… Read More>>
CapitaLand’s CICT Boosts Distributable Income 3.7% in 1H on Strong Leasing
CapitaLand Integrated Commercial Trust posted first-half distributable income of S$366.5 million ($277 million), up 3.7 percent year-on-year, as strong leasing countered missing revenue from an under-renovation German property.
SGX-listed CICT’s distribution per unit for the six months to June rose… Read More>>
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