A luxury home at the Mount Nicholson project on Hong Kong’s Peak has sold for HK$577.4 million ($73.5 million), showing that prices have barely budged at the exclusive development since the last time units transacted there almost four years ago.
UOB to Invest $375M in Singapore Tech Centre
United Overseas Bank Ltd (UOB) expects to invest at least S$500 million ($375.3 million) to build a new global technology and innovation centre in an upcoming smart district in northeastern Singapore’s Punggol area as part of the local banking giant’s… Read More>>
Mainland Chinese Buyer Scoops Up Melbourne Office Building for $20M
An unidentified mainland Chinese investor has acquired an ageing building in Melbourne’s central business district, marking the first major office deal of 2023 in Australia’s second-largest city.
The 12-storey office block at 99 Queen Street changed hands after a competitive… Read More>>
SilkRoad Enters Japan With Purchase of Six Greater Tokyo Assets for $150M
SilkRoad Property Partners on Monday announced the acquisition of six Greater Tokyo assets for JPY 19.5 billion ($150 million), marking the Singapore-based firm’s first investment in Japan.
The properties consist of an office building in central Tokyo and five multi-family… Read More>>
Singapore New Home Sales Rise 14% in March as More Condos Hit The Market
Singapore new private home sales rose 13.6 percent to 492 units in March, reaching their highest level in six months as homebuyers bought up available units as quickly as they entered the market, according to data released by the Urban… Read More>>
Chinese Investor Buys Office Block in Singapore’s Chinatown For $70M
A Chinese investor has purchased an office block in Singapore’s Chinatown from Liberty Insurance Singapore for 23 percent below the property’s original asking price, as mid-size acquisitions by wealthy individuals play a growing role in the city-state’s investment market.
A… Read More>>
Smartphone Screen Giant Consolidates Prime Kowloon East Site
Capping a more than nine-year process, Hong Kong-based Biel Crystal has acquired the last piece of a prime site in Kowloon East’s Kwun Tong area, paving the way for a 39-storey tower.
On 12 April the company took full ownership… Read More>>
Singapore’s Centurion Sells Seoul Student Housing Asset to Exit South Korea
Singapore-based Centurion Corp has sold off its sole student housing property in South Korea in a deal valued at KRW 21.25 billion ($16 million), as the rental residential specialist narrows the scope of it student accommodation strategy.
Centurion, together with… Read More>>
China’s DNE Group Signs Deal for $2B Mainland Logistics Venture
Shanghai-based developer and fund manager DNE Group is ready to invest another RMB 14 billion ($2 billion) in China’s shed market after signing an agreement with an unnamed global institution, the company said on Thursday.
Helmed by ESR co-founder Sun… Read More>>
Cautious Bidding Predicted for Singapore Site as URA Accepts Bargain Lentor Tender
Singapore’s Urban Redevelopment Authority (URA) has launched a tender for a sixth residential plot in an emerging estate in Ang Mo Kio, with the government confirming the upcoming sale of its latest Lentor Central site just one day before finalising… Read More>>
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