Asia Pacific real estate investment news and information
Seletar Mall in northeastern Singapore has moved one step closer to new ownership after SGX-listed Paragon REIT declined to buy the asset for S$550 million ($409 million), paving the way for its potential acquisition by Robert Kuok’s Allgreen Properties.
The… Read More>>
Global private real estate fundraising in 2023 suffered its sharpest drop in 14 years, tumbling 33.1 percent to $151.3 billion, according to data provider Realfin.
The number of private vehicles reaching a final closing recorded the deepest decline of all… Read More>>
Singapore investment manager Sun Venture has made its first hospitality bet by acquiring a 280-key hotel in central London from UK asset manager Resolution Property for less than £100 million ($126.5 million), according to market sources familiar with the transaction.
CapitaLand Investment’s attributable profit fell 79 percent to S$181 million ($134.5 million) in 2023, pressured by a second-half loss of S$170 million stemming from markdowns on the Singapore-listed fund manager’s global portfolio.
The firm last year felt the impact of… Read More>>
Singapore’s City Developments Ltd reported a 75.3 percent drop in attributable profit to S$317.3 million ($235.7 million) for 2023, even as the first-half completion of a residential project helped revenue reach an all-time high.
The profit plunge was due to… Read More>>
Hong Kong is rolling back all taxes on residential property transactions in an effort to put a floor under a protracted housing market slump that has seen residential property prices slide to seven-year lows.
In his annual budget speech to… Read More>>
JLL has named Tim Graham as global lead of international and strategic capital for its capital markets division, an appointment described by the property consultancy as affirming Asian capital and assets being “front and center of the global conversation.”
Graham,… Read More>>
Singapore-listed developer Ho Bee Land has swung to the red in 2023 with an attributable net loss of S$259.8 million, as fair value losses on its London investment properties and higher interest expenses dented the company’s profitability.
The company’s loss… Read More>>
Singapore developer UOL Group’s 2023 attributable profit jumped 44 percent to S$707.7 million ($527 million), boosted by an October hotel disposal.
The profit surge was propelled by a gain of S$442.3 million from the sale of the Parkroyal on Kitchener… Read More>>
OMERS, the biggest pension fund manager in Canada’s Ontario province, reported a 7.2 percent net loss on real estate investments in 2023, swinging from a net return of 13.6 percent the prior year, as elevated interest rates took a toll… Read More>>
