The boss of Singapore-based entertainment firm Cityneon Holdings is in the process of selling his apartment on the city’s posh Nassim Road to a Chinese national for S$20 million ($14.6 million), according to CBRE, as demand for luxury homes remains… Read More>>
M&G Real Estate Promotes Seiko Ikeda to Head of Japan
M&G Real Estate has promoted Seiko Ikeda to head of Japan, as one of Europe’s largest asset managers moves to upgrade its team in one of its primary markets in Asia Pacific.
“We are delighted to promote Seiko to lead… Read More>>
Jiayuan to Sell Property Management Arm to Jinke Unit, Makes Bond Payment
Jiayuan International on Thursday announced a tentative plan to sell its stake in subsidiary Jiayuan Services to rival Jinke Smart Services, as China’s debt-saddled developers seek to unlock value from their relatively healthy property management units.
Under the non-binding framework… Read More>>
UOL’s SingLand to Redevelop Clifford Centre at Raffles Place as Rents Rise
Singapore Land Group (SingLand) announced Thursday that it has received provisional approval to refurbish its Raffles Place headquarters into a new building which could reach as high as 50 storeys, as office rents continue to rise in the city-state’s central… Read More>>
Emerging Markets to Benefit From Supply Chain Diversification, Search for Yield: MTD TV Asia Logistics Forum 2022
https://player.vimeo.com/video/713951581?h=9b2e013119Video can’t be loaded because JavaScript is disabled: Mingtiandi Asia Logistics Forum 2022: Logistics Investment in Asia's Emerging Market (https://player.vimeo.com/video/713951581?h=9b2e013119)
Investors are turning to Asia’s emerging logistics markets, including India, Indonesia and Vietnam, as the search… Read More>>
Wing Tai Wins Tender for Singapore Lakefront Residential Project With $199M Bid
The Singapore arm of regional developer Wing Tai has entered the winning bid of S$273.9 million ($199.2 million) for a lakefront residential complex put up for collective sale in the city-state’s Jurong East area, providing further proof of growing builder… Read More>>
New World Consolidating Causeway Bay Site for $1.7B Commercial Project
Hong Kong’s New World Development is moving closer to adding a HK$14 billion ($1.7 billion) commercial project to the city’s busiest shopping district, having reportedly applied for a compulsory sale of three adjacent properties in Causeway Bay this month, according… Read More>>
AXA IM Buys Pair of Tokyo Rental Residential Assets for $54M
AXA IM Alts announced on Tuesday that it has acquired a pair of rental residential properties in Tokyo for JPY 6.9 billion ($54 million), unveiling its first multifamily asset purchase this year in Japan’s increasingly competitive build-to-rent sector after a… Read More>>
CDL Sees Q1 Sales Fall 41% as Singapore Housing Curbs Bite
City Developments Ltd is optimistic that Singapore’s property market will remain resilient even as government cooling measures and an absence of new launches dragged down the developer’s domestic sales in the first quarter of 2022 to S$477.9 million ($348.2 million),… Read More>>
HNA Ordered to Pay $185M to Partner in Bankrupt Park Avenue Skyscraper
A US arbitrator has ordered HNA Group to pay more than $185 million to SL Green, an investor in the Chinese conglomerate’s bankrupt Manhattan skyscraper, after the joint venture partners fell out over their failure to replace a departed anchor… Read More>>
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