A former top 10 mainland developer disclosed RMB 7.9 billion ($1.2 billion) in fresh defaults today, with China Fortune Land Development saying in a statement on its website that it was working to arrange repayment on a string of debt… Read More>>
Ho Bee Land Claims HNA Melbourne Asset and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, the restructuring scheme for failed Chinese conglomerate HNA hits a snag in Australia, Singapore’s Keppel Capital plans to convert a Seoul hotel into an office building, and logistics developer Goodman raises its full-year… Read More>>
Temasek-Led Group’s $2.5B Bid Tops Keppel Offer for SPH Real Estate Business
Keppel Corporation’s plan to acquire Singapore Press Holdings’ real estate business is being challenged by a rival bid from an unlikely source: a consortium backed by state holding firm Temasek and hotel tycoon Ong Beng Seng.
Cuscaden Peak, a company… Read More>>
Creditors Seize Oceanwide’s San Francisco Office Project After $320M Bond Default
China Oceanwide Holdings suffered another blow to its shrinking real estate empire on Thursday as creditors foreclosed on the cash-strapped developer’s unfinished San Francisco mixed-use project, which had served as collateral for about HK$2.5 billion ($320 million) in notes that… Read More>>
Lai Sun Adds to Residential Pipeline with $206M Kowloon Tong Buy
Local builder Lai Sun Development moved to expand its development pipeline this past week, in the midst of Hong Kong’s housing boom, as it topped 16 competing bids to win a residential site in Kowloon Tong for a price of… Read More>>
Amazon Opens in Singapore’s Asia Square as Tech Takes Over
Tech giant Amazon has moved into a new home spanning three floors of Singapore’s Asia Square One office tower, bringing a high tech hipster style to the city’s banker-dominated Marina Bay financial hub.
Occupying over 100,000 square feet (9,290 square… Read More>>
UOL Group Wins Tender for Bukit Timah Residential Site With $408M Bid
With Singapore’s home prices continuing to climb despite a COVID resurgence, local developer UOL Group seized the chance to replenish its land bank by entering the top bid for a residential redevelopment site in the city-state’s lush Bukit Timah area.
SC Capital, JLL, RCA, Perri Predict Office Upswing as Australia Opens Up: MTD TV Office Strategies Forum 2021
https://player.vimeo.com/video/639826297?h=fb802dc604Video can’t be loaded because JavaScript is disabled: Mingtiandi Office Strategies Forum 2021: Asian Capital & Australian Offices (https://player.vimeo.com/video/639826297?h=fb802dc604)
Asian capital has played a sustaining role in Australia’s real estate market during the lengthy period of COVID-19… Read More>>
Allianz, Benoy, JLL and Asia Green to Explore Assets for Asia’s New Economy
Thanks to the growth of online giants such as Alibaba and Tencent, the tech sector now accounts for more than 38 percent of China’s GDP, according to government statistics, and with other Asia Pacific nations such as Singapore and India… Read More>>
CapitaLand Hires Former Blackrock, Brookfield Execs Treacy and Boocock
Singapore’s CapitaLand Investment is importing expertise from BlackRock and Brookfield to head its private real estate fund management business as it begins its new existence as an asset manager.
The SGX-listed unit of CapitaLand Group this week welcomes Simon Treacy,… Read More>>
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