CSI Properties has completed the purchase by compulsory sale of a building in Hong Kong’s Sheung Wan area that is home to the sole surviving branch of the Lin Heung Tea House, one of the city’s most famous dim sum… Read More>>
Singapore’s Stamford Land Buys City of London Office for £260M
Stamford Land Corporation has snapped up a commercial building on one of the City of London’s most historic streets, teaming up with a private firm controlled by the chairman of the Singapore-listed company to acquire the asset for £260 million… Read More>>
Future Land China Sale Kicks Off With RMB 4.15B in Disposals
Just three days after announcing a plan to dispose of 40 real estate projects in China, Future Land confirmed in a filing to the Hong Kong Stock Exchange on July 24 that it has executed equity and debt transfer agreements… Read More>>
Blackstone Seeks Buyer for $1.5B Japanese Multifamily Portfolio
US private equity giant Blackstone is seeking a buyer for a portfolio of 82 blocks of flats in Japan predicted to fetch up to $1.5 billion.
Blackstone has appointed JLL and Mizuho Trust & Banking as advisers for the sale,… Read More>>
Dyson Hoovers Up Second Singapore Home for S$41M
The British inventor of bagless vacuum cleaners, James Dyson, has bagged his second property in Singapore in just over two weeks, paying S$41 million ($30 million) for a stand-alone bungalow with an indoor waterfall and an infinity pool.
Dyson snapped… Read More>>
Wheelock, K Wah and COLI Win Kai Tak Site for HK$12.74B
A joint venture invested by Wheelock Properties, K Wah International Holdings and China Overseas Land and Investment has won a tender for the biggest plot of residential land on what was once the runway of Hong Kong’s Kai Tak airport… Read More>>
JLL, Swire, Ping An Launch Mainland China’s First Proptech Accelerator
Property agent JLL, developer Swire Properties and the real estate technology arm of China’s biggest insurer Ping An kicked off mainland China’s first corporate proptech accelerator programme at an official launch in Shanghai last week.
Known as UrbanLab, the initiative… Read More>>
WeWork Said Targeting $3.5B September IPO
Shared offices with attitude and free-flow beer could convert into a $3.5 billion IPO for WeWork within the next two months, according to media reports today, citing sources familiar with the company’s plans.
While WeWork has yet to comment publicly… Read More>>
Hmlet Raises HK$310M to Expand APAC Co-Living Network
Co-living provider Hmlet has secured HK$310 million ($40 million) in a new round of funding that will allow the Singapore-headquartered company to ramp up its presence across Asia Pacific.
The fresh cash comes as the shared housing operator implements a… Read More>>
Chinese Property Portal Juwai.Com to Merge With Malaysian Agency
Juwai.com, an online platform for marketing global properties to Chinese buyers, is merging with Kuala Lumpur-based real estate marketing firm IQI Global, according to a joint announcement by the two privately held firms.
The merger, which comes at the same… Read More>>
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