Hong Kong’s Lofter Group is moving closer to building a HK$1.9 billion ($242 million) commercial tower in Kowloon, having this week applied for a compulsory sale to acquire full ownership of an ageing building in Jordan with a pair of… Read More>>
Singapore Strata Office Sales Plunge, Prices Rise as Supply Dries Up
Singapore’s strata office sales amounted to S$365.1 million ($265 million) in the first half of 2022, marking a 15.7 percent decline from the prior six months and a 48.1 percent plunge on year-earlier levels, according to Knight Frank.
A total… Read More>>
China Evergrande Marketing Hong Kong HQ at 28% Markdown
China Evergrande Group is marketing its Hong Kong headquarters at a valuation of around HK$9 billion ($1.15 billion), with Li Ka-shing’s CK Asset Holdings having placed a bid for the Wan Chai office tower, according to sources who spoke with… Read More>>
SilkRoad Buys 14 Central Singapore Shophouses for $80M
SilkRoad Property Partners picked up a portfolio of 14 shophouses in central Singapore’s Chinatown area for over S$110 million ($80 million) in the latest acquisition on behalf of its value-add strategy, according to market insiders who spoke with Mingtiandi.
The… Read More>>
Evergrande Loses $1.1B Arbitration Case After Missing Restructuring Deadline
After failing to meet a promised deadline for announcing a restructuring plan, China Evergrande announced late on Sunday that a subsidiary of the mainland developer has lost a RMB 7.3 billion ($1.1 billion) arbitration case brought by a creditor.
Gordon Tang Expands Singapore Empire with $188M Jurong East JV Acquisition
Mainland investor Gordon Tang and his wife Celine continue to expand their Singapore real estate empire with companies controlled by the mysterious couple teaming up with a joint venture between local developers KSH Holdings and Ho Lee Group to purchase… Read More>>
K Wah Wins Residential Site in Hong Kong’s Mid-Levels West for $70M
K Wah International Holdings is adding an eighth residential project to its Hong Kong pipeline after the HKEX-listed developer’s offer of HK$551 million ($70.1 million) led a government tender for a plot in the Mid-Levels West, according to an announcement… Read More>>
Singapore’s GIC Ups Real Estate Allocation to 10% as Inflation Threat Looms
Singapore’s GIC increased its allocation to real estate assets to 10 percent during its most recent fiscal year, from 8 percent a year earlier, as the sovereign wealth fund frets over inflation and growing uncertainty.
For the 12 months which… Read More>>
Carlyle Moving Hong Kong HQ to The Henderson in Central
Henderson Land Development has secured a second tenant at its 36-storey office building in Hong Kong’s Central business district, with US private equity giant Carlyle Group having agreed to lease about 20,000 square feet (1,858 square metres) of space at… Read More>>
Singapore Developers KSH, H10, SLB Buying District 12 Residential Project for $160M
A consortium of local developers led by KSH Holdings has snapped up an ageing apartment complex along Singapore’s Serangoon Road for S$222.18 million ($160 million), striking a deal with the existing condo owners less than two months after the property… Read More>>
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