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Shop Portfolio on the Market for $43M as Singapore Retail Rebounds

2022/07/13 by Beatrice Laforga Leave a Comment

A set of retail shops in one of the oldest shopping centres in downtown Singapore is on the market for S$60 million ($42.65 million) as the neighbourhood gets a lift from nearby rejuvenation projects like CapitaLand’s Funan mall.

Four strata… Read More>>

Li Sze-lim R&F

R&F Wins Extension on $5.1B in Bonds in Asia’s Largest Real Estate Debt Restructuring

2022/07/13 by Michael Cole Leave a Comment

Guangzhou R&F said on Monday that it has won approval from holders of 10 sets of offshore bonds to restructure the terms of the debt obligations and give the financially troubled mainland developer additional time to pay off the notes.

… Read More>>

CHFT's Alex Leung

URA Tender Closes for $305M Project in Hong Kong’s Western District

2022/07/12 by Pawara Laothamatas Leave a Comment

A tender for a residential project in Hong Kong Island’s Western district closed on Monday having drawn nine bids for the opportunity to build housing worth HK$2.4 billion ($305.7 million) in Sai Ying Pun, according to an announcement from the… Read More>>

Pan Sutong

HK Court Orders Goldin’s Pan to Wind Up Holding Firm After $1B Default

2022/07/12 by Christopher Caillavet Leave a Comment

Hong Kong’s high court has ordered Pan Sutong to wind up his holding firm and file for bankruptcy after the mainland tycoon failed to repay HK$8 billion ($1 billion) borrowed five years ago to finance the privatisation of his Goldin… Read More>>

Hui Ka Yan

Evergrande Onshore Creditors Reject Extension of RMB 4.5B Bond

2022/07/11 by Christopher Caillavet Leave a Comment

Debt holders have denied a request by China Evergrande’s primary onshore unit to delay repayment of a RMB 4.5 billion ($670 million) bond, turning up the heat on the world’s most leveraged developer as it faces a winding-up threat in… Read More>>

Wheelock's Peter Woo

Wheelock Closes in on $2.5B Residential Project in Kowloon Bay

2022/07/11 by Pawara Laothamatas Leave a Comment

Wheelock Properties is taking final steps toward building a HK$20 billion ($2.5 billion) residential project in Hong Kong’s Kowloon Bay, having reportedly submitted an application to redevelop an industrial property in the area into 1,782 new homes.

The developer controlled… Read More>>

Henry Low Amazon

Amazon Inks Deal for 11 Floors at IOI Central Boulevard in Singapore

2022/07/09 by Beatrice Laforga Leave a Comment

Amazon has agreed to occupy around 369,000 square feet (34,281 square metres) of office space at the IOI Central Boulevard Towers skyscraper in Singapore’s downtown core, according to a broker active in the market.

The American e-commerce giant has reached… Read More>>

George Hongchoy, Executive Director & Chief Executive Officer, Link Asset Management Limited

Link REIT’s George Hongchoy Kicks Off MTD TV Asia REIT Forum Next Week

2022/07/09 by Michael Cole Leave a Comment

Asia’s listed real estate investment trusts come into focus starting next week, as Mingtiandi kicks off its MTD TV Asia REIT Forum with an exclusive interview with the chief executive of Link REIT.

George Hongchoy, who leads the HK$226 billion… Read More>>

Simon Smith of Savills

Mainland Influx Sustains Hong Kong Luxury Apartment Rents

2022/07/09 by Christopher Caillavet Leave a Comment

Hong Kong’s luxury residential rents saw modest signs of a rally in the second quarter as the fifth wave of COVID-19 receded and tenants from mainland China drove the city’s high-end leasing market, according to Savills.

Luxury rents on Hong… Read More>>

Sime Darby Property managing director, Dato’ Azmir Merican

Logos and Sime Darby Break Ground on Malaysia Logistics Park Under $250M Fund

2022/07/09 by Christopher Caillavet Leave a Comment

A warehouse development joint venture of Logos and Sime Darby Property broke ground Friday on the partnership’s maiden asset, E-Metro Logistics Park in Malaysia.

Situated within Sime Darby’s Bandar Bukit Raja township in Klang, Selangor, the park is the first… Read More>>

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