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>>
Mingtiandi Founder Michael Cole to Appear at PERE Asia Next Week
The PERE Asia Summit is being held in Singapore next week for the first time ever, with Mingtiandi founder Michael Cole set to speak at the event alongside industry leaders including ESR chairman Jeffrey Perlman, Ivanhoe Cambridge co-head of Asia… Read More>>
Mapletree Wins Approval for $3.1B Commercial REIT Merger
Shareholders of Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) have approved a S$4.22 billion ($3.07 billion) merger, which creates the Singapore exchange’s third largest REIT, after sponsor Mapletree Investments sweetened the deal with an all-cash payout… Read More>>
Investors Confident in South Korea’s Logistics Market Despite Headwinds Asia Logistics Forum 2022
https://player.vimeo.com/video/713132480?h=1eb988b31aVideo can’t be loaded because JavaScript is disabled: Mingtiandi Asia Logistics Forum 2022: Logistics Investment in South Korea (https://player.vimeo.com/video/713132480?h=1eb988b31a)
South Korea’s logistics real estate market is on track for continued growth this year despite challenges from… Read More>>
Hong Kong Office Market Steadies in April After COVID Curbs Relaxed
Hong Kong’s office leasing market stabilised in April with rental and vacancies flat as authorities relaxed restrictions as a surge in coronavirus cases eased, according to JLL.
In the consultancy’s latest Hong Kong Property Market Monitor, net absorption – a… Read More>>
Link REIT Hiring Outgoing Manulife IM Exec Kenny Lam as Co-CIO
Less than a month after welcoming a leader for operations outside mainland China and Hong Kong, Link REIT’s manager is doubling down on its global expansion plan by adding an executive from Manulife IM Real Estate to head its investments… Read More>>
Amazon Said Taking 350K Sq Ft at IOI Central Boulevard in Singapore
Amazon is reportedly nearing a deal to lease as much as 350,000 square feet (32,516 square metres) of office space at the under-construction IOI Central Boulevard Towers in downtown Singapore.
The e-commerce giant is said to be in advanced talks… Read More>>
Logistics Forum Dives into Korea, Emerging Markets This Week
Mingtiandi’s Asia Logistics Forum has now entered its third week, with the spotlight turning to some of the region’s fastest growing warehouse markets for a pair of shows featuring speakers from ESR Kendall Square, LaSalle, Hines, JLL, Logos, CPPIB, Cushman… Read More>>
Hongkong Land Q1 Underlying Profit Ticks Up Despite Pandemic Pain on Home Turf
Hongkong Land reported higher underlying profit in the first quarter of 2022 compared with year-earlier levels, as a rise in completions from its development pipeline in mainland China offset COVID-led weakness in the group’s office and retail portfolios at home.
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