Asia Pacific real estate investment news and information
Propell Asia, a property technology accelerator program organised by JLL and Australian developer Lendlease today announced its inaugural crop of startups to participate in a 10-week incubation program.
Five early stage proptech companies were chosen from among entrants from around… Read More>>
Singapore’s GIC is putting 50 percent of the Chifley Tower in Sydney on the market, according to the AFR and other media accounts.
The sovereign wealth fund is said to be asking A$900 million ($650 million) to part with half… Read More>>
China’s Evergrande Group, the country’s second largest property developer by sales in 2017, said it would shift its development model from pursuing top line growth, to achieving efficiency and quality after it announced a record jump in profit in its… Read More>>
It’s been a busy week for Southeast Asia’s biggest real estate developer, as CapitaLand today announced its VND 1.38 billion ($58.98 million) acquisition of a site in the eastern suburbs of Vietnam’s Ho Chi Minh City.
The acquisition of the… Read More>>
Greenland Hong Kong Holdings, the Hong Kong-listed subsidiary of China’s sixth largest developer, reported a 267 percent rise in first-half core net profits, which exclude revaluations and some one-offs. It is the fourth major Chinese property company to report strong… Read More>>
Huazhu Hotels Group, a NASDAQ-listed hotel operator known for its chains of economy hostelries in China, including Home Inn and 7 Days Inn, was revealed by mainland network security organisation JDSEC Team as having been the victim of a hack… Read More>>
CapitaLand announced on August 27th that the company is selling its 70 percent stake in the Westgate shopping centre in Singapore to its CapitaLand Mall Trust (CMT) affiliate for S$789.6 million ($578.6 million). The transaction, which is expected to be… Read More>>
CapitaLand has named 43-year-old Lee Chee Koon, the current group chief investment officer, as president and group chief executive officer of Southeast Asia’s largest real estate developer, according to an announcement dated 28 August and posted to the company’s website.
Country Garden’s massive 14-square-kilometre, $100 billion Forest City (森林城市) project in Johor, Malaysia may not be completed as planned following comments by Malaysian Prime Minister Mahathir Mohamad suggesting that foreigners will not be permitted to live in the new city…. Read More>>
The second-largest bitcoin exchange globally may now be taking one of the world’s highest office rental bills after agreeing to pay a record HK$225 ($28.67) per square foot per month to lease a full floor of the Cheung Kong Center… Read More>>
