A luxury condominium site in Singapore’s Holland Village area which could bring offers as high as S$1 billion ($740 million) has been launched for sale as developers pull back from pricey housing plots in the face of slower home sales… Read More>>
Weave Living Gets Equity Boost From Founder Doshi and Warburg, Launches $500M Japan Fund
Weave Living has secured further investment from existing shareholders, founder and CEO Sachin Doshi and private equity major Warburg Pincus, as the rental residential operator looks to double its portfolio in an expansion set to take it beyond Hong Kong,… Read More>>
Singapore’s QIP Expands into US Beds, Sheds as Chicago Project Moves Forward
Singapore-based private equity real estate firm Q Investment Partners (QIP) is expanding its foothold in the US with a pair of residential development projects in Chicago and a newly built warehouse facility in New York.
QIP in mid-February announced that… Read More>>
China Resources Buys Hong Kong Shopping Centre From Lai Sun, Empire for $68M
State-run conglomerate China Resources continues to be one of the biggest buyers of Greater China real estate during the current downturn with a property unit of the Shenzhen giant having picked up a commercial asset in the New Territories in… Read More>>
David Teo’s Apricot Capital Closes on Bukit Timah Buy, Readies Co-Living Conversion
The family of Singapore instant coffee king David Teo has completed their S$105-million ($78.1 million) purchase of a mixed-use property in the city’s upscale Bukit Timah area and is preparing to transform the asset into a combined co-living and retail… Read More>>
Jack Ma’s Wife Buys Shophouses in Singapore’s Tanjong Pagar at Up to $37M
Despite stamp duties and investigations, wealthy mainland investors are still banking on Singapore properties, with the wife of the country’s best known tech tycoon having purchased a row of shophouses in the Tanjong Pagar area last month for a reported… Read More>>
CDPQ Set to Slash Jobs at Ivanhoe Cambridge, Otera After 6.2% Loss in 2023
Quebec public pension manager Caisse de Dépôt et Placement du Québec (CDPQ) is preparing to reduce headcount at its real estate divisions after the fund manager recorded a 6.2 percent loss on its property investments in 2023 — the only… Read More>>
CK Asset’s Li Ka-shing Keeps Crown as Hong Kong’s Richest Amid Bear Market
Beaten-down shares took a toll on the wealth of Hong Kong’s real estate tycoons in 2023, with Li Ka-shing successfully defending his title of richest Hongkonger despite his fortune shrinking 7.2 percent to $36.2 billion.
CK Asset boss Li and… Read More>>
Macquarie-Backed Local Residential Hits Final Close of $428M Maiden Fund
Local Residential, the Australian build-to-rent platform backed by Macquarie Asset Management, has reached a final closing of its inaugural fund with investments in two Melbourne projects with an end value of A$650 million ($427.9 million).
The fully deployed fund, dubbed… Read More>>
Daiwa House Selling Chiba Warehouse to J-REIT for $200M
Daiwa House Industry is selling a logistics facility in Greater Tokyo to a TSE-listed REIT sponsored by the Japanese home builder for JPY 30 billion ($200 million).
Daiwa House REIT Investment Corporation is acquiring DPL Urayasu III in Chiba prefecture,… Read More>>
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