Singaporean real estate firm Hiap Hoe announced that the attempted collective sale of Orchard Towers has failed, a year after owners of units in the notorious entertainment and office complex put the property on the market with a reserve price… Read More>>
Swire Pacific’s $500M Repurchase Plan Sparks Rally and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Swire Pacific’s Hong Kong-listed shares rally after the group announces a $500 million buyback, US-based Barings inks a deal to acquire Australian firm Altis Property Partners, and a think tank with Beike ties… Read More>>
Francis Law Sells Hong Kong’s 299 Queens Road Central to Tenacity Group for HK$2.1B
Real estate investor Francis Law Sau-fai has reportedly sold a commercial building in Hong Kong’s Sheung Wan area for HK$2.1 billion ($267 million) — three times the price he paid for the asset eight years ago.
Law, the executive director… Read More>>
Site in SG’s Newton Area to Launch for $145M and More Asia Real Estate Headlines
Singapore’s collective sale gold rush leads the roundup again, as two en bloc housing project hit the market on consecutive days, asking a total of $238 million. Also in the headlines, a fast-growing startup that supplies prefabricated homes has scored… Read More>>
Nan Fung Said Poised to Sell Kowloon Bay’s Octa Tower for HK$8B
Nan Fung Group is reportedly close to selling an office tower in Hong Kong’s Kowloon Bay area for HK$8 billion ($1 billion) to a mainland Chinese consortium. The deal, if closed, would be the second-largest real estate transaction in the… Read More>>
Wing Tai Sells Wan Chai Commercial Building to Winland for HK$2.85B
Hong Kong-based Wing Tai Properties has sold off a commercial building in the city’s Wan Chai area for HK$2.85 billion ($364 million) to local property investment firm Winland Group, according to an announcement by Wing Tai today to the Hong… Read More>>
Henderson Said Ready to Sell North Point Office Tower for $1.4B
Hong Kong’s Henderson Land Development is said to be fielding offers of up to HK$11 billion ($1.41 billion) for its new, 22-storey grade A office tower overlooking Victoria Harbour in North Point.
The top-five Hong Kong developer is understood to… Read More>>
Ascendas-Singbridge Buys Downtown Sydney Tower for $200M
Singapore’s Ascendas-Singbridge is buying a landmark office tower in downtown Sydney for A$252 million ($200 million), marking its second office acquisition in Australia.
The state-backed commercial developer announced on Friday that it has agreed to acquire 66 Goulburn Street, a… Read More>>
CLSA Capital Partners Sells Hong Kong’s Zing! Retail Centre for $269M
CLSA Capital Partners has sold Zing!, a 27-storey retail centre in the heart of Hong Kong’s Causeway Bay retail district, for HK$2.1 billion ($268.6 million).
The undisclosed buyer is reported to have paid for Zing! by selling The L. Plaza,… Read More>>
Perennial-Led Group Eyes $1.2B Sale of Singapore’s AXA Tower
A group of investors led by Perennial Real Estate Holdings are said to be considering the en bloc sale of AXA Tower, the sixth-tallest building in Singapore, for at least S$1.65 billion ($1.2 billion).
According to an account in The… Read More>>