Less than two months after buying a $771 million site in central Singapore, SGX-listed UOL Group has taken its 2018 expansion program to Jakarta by purchasing 180 apartments at the city’s Thamrin Nine development and inking a deal to manage a… Read More>>
Country Garden Denies Bribing Politicians to Help Secure Sydney Area Sites
Australia’s real estate market has been scorching in recent years with brokers struggling to supply an adequate pipeline of sites to both local developers and a growing cast of mainland players hungry to build more homes in Sydney, Melbourne and… Read More>>
JLL Hires Google Guy Vinay Goel as Chief Digital Product Officer
JLL announced today that it has brought on board former Google executive Vinay Goel to serve as its first Chief Digital Product Officer, as the international property consultancy continues to bet on the online future of real estate.
The hire… Read More>>
SG Private Home Sales Dropped 42% in June as 2018 Turns From Feast to Famine for Developers
Singapore’s sales of new homes residential sales plummeted 41.7 percent in June compared to July, with the slump in transaction volumes coming just before city authorities boosted the stamp duty on home purchases by as much as 50 percent as… Read More>>
Lai Sun Wins Approval to Build City of London’s Third-Tallest Tower
Hong Kong’s Lai Sun Group has won approval to develop a 56-storey office tower on London’s Leadenhall Street, after tycoon Peter Lam’s textiles-to-property group had purchased a pair of existing properties on the same block as London’s Gherkin office tower… Read More>>
Chelsfield Said in Due Diligence for S$550M Buy of SG’s Manulife Centre From Alpha and CDL
In what would be its first Singapore deal, UK property developer Chelsfield is said to be closing in on an acquisition of the Manulife Centre on Singapore’s Bras Basah Road in the latest sign of ongoing growth in the city-state’s… Read More>>
Country Garden Stops Buying Land in 3rd, 4th-Tier Cities After RMB 20B Bond Sale Aborted
China’s largest property developer by sales is reportedly retreating from an expansion program that aimed to give it a presence across the nation’s third, fourth and fifth-tier cities in the face of tightening credit conditions and an ongoing government crackdown… Read More>>
GIC Leads $200M Funding Round to Help China O2O Coffee Startup Take on Starbucks
A Chinese online-to-offline (O2O) coffee startup is claiming a $1 billion valuation, and unicorn status, after raising $200 million from a group that includes Singapore’s sovereign wealth fund, GIC.
Beijing-based Luckin Coffee (瑞幸咖啡), which combines mobile apps, WeChat integration and… Read More>>
CPPIB Joins China Rental Housing Rush in $817M Deal With Longfor
Canada Pension Plan Investment Board has struck yet another deal with its favorite mainland developer, Longfor Group Holdings, as the Canadian pension fund manager and the Beijing-based builder today announced an agreement to jointly invest at least $817 million in… Read More>>
China’s Housing Ministry Inspects 30 Cities in Two Weeks to Exterminate Housing Speculators
Since the end of June China has moved to clamp down further on housing speculation as the government shows its determination to enforce President Xi Jinping’s vow at last year’s party congress that, “homes are for living, not for flipping.”
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