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jeffrey perlman ESR

ESR Exploring Sale of Stake in Cromwell Property Group

2023/03/25 by Christopher Caillavet, Beatrice Laforga Leave a Comment

Hong Kong-listed ESR aims to divest at least $1 billion in assets this year as it continues to focus on its fund management business, and those disposals could include its stake in Cromwell Property Group.

In an earnings webcast on… Read More>>

Jonathan Yap CapitaLand

Jonathan Yap Named CapitaLand Development CEO as Leow Retires Early

2023/03/23 by Christopher Caillavet Leave a Comment

Singapore property giant CapitaLand on Thursday announced the upcoming retirement of CapitaLand Development CEO Jason Leow, to be succeeded by Jonathan Yap, the current CEO of listed funds at CapitaLand Investment.

Yap will take the reins from Leow on 5… Read More>>

Australian Housing Crisis Creates Opportunity for Institutional Investors: MTD TV

2023/03/23 by Beatrice Laforga Leave a Comment

https://player.vimeo.com/video/810787847?h=535d556263Video can’t be loaded because JavaScript is disabled: Mingtiandi APAC Residential Forum 2023: Residential Investment in Australia (https://player.vimeo.com/video/810787847?h=535d556263)

  Australian housing prices have fallen by nearly a tenth in the past 12 months, but rising construction costs… Read More>>

Evergrande Real Estate Group Chairman of the Board Hui Ka-yan (Getty Images)

Evergrande Clinches Deal to Restructure $19.1B in Offshore Debt

2023/03/23 by Christopher Caillavet Leave a Comment

The wait is over for details of China Evergrande’s debt restructuring plan, with the world’s most leveraged developer saying Wednesday that it had secured binding agreements with holders of $19.1 billion of the company’s offshore debt.

The term sheets published… Read More>>

jeffrey perlman ESR

ESR Grew Earnings 10% to $1.2B in 2022, AUM Hit Record High

2023/03/22 by Beatrice Laforga Leave a Comment

Growth in fee income and disposals of non-core assets helped propel developer and fund manager ESR Group to a 10 percent increase in profit last year, despite challenging market conditions, according to financial results released by the company on Wednesday.

… Read More>>

Japan BTR panel

AEW, Varsity Group, JLL, Greenberg Traurig Cite Resilience of Japan Apartments: MTD TV

2023/03/21 by Beatrice Laforga Leave a Comment

https://player.vimeo.com/video/810020383?h=3bfc7ae8f9Video can’t be loaded because JavaScript is disabled: Mingtiandi APAC Residential Forum 2023: Multi-Family Investment in Japan (https://player.vimeo.com/video/810020383?h=3bfc7ae8f9)

Japan’s multi-family market is set to continue to be a top investment target for institutional investors despite a decline… Read More>>

Wendell Cox Demographia

Hong Kong Still World’s Least Affordable Housing Market Despite Property Slump

2023/03/21 by Christopher Caillavet Leave a Comment

Hong Kong has defied an ongoing property slump to maintain its distinction as the world’s least affordable housing market, according to the results of a Demographia survey.

The median home price in the Asian financial hub stood at 18.8 times… Read More>>

Vinhomes chairman Pham Thieu Hoa

CapitaLand Said Investing $1.5B to Acquire Projects From Vietnam’s VinGroup

2023/03/20 by Beatrice Laforga Leave a Comment

Singaporean heavyweight CapitaLand Group is in talks to purchase Vietnamese real estate projects worth $1.5 billion from the country’s largest listed developer, Vinhomes JSC, according to an account by Reuters on Monday.

CapitaLand is in talks with the Hanoi-based firm… Read More>>

masa son softbank

SoftBank Throws WeWork $1.5B Lifeline After Stock Slides 90% Since Listing

2023/03/20 by Christopher Caillavet Leave a Comment

WeWork has struck a deal with bondholders and key backer SoftBank on a restructuring plan to cancel or convert to equity about $1.5 billion in debt and extend the maturity date of $1.9 billion in other debt, as the loss-making… Read More>>

Dash on Prat

Hines Opens Tsim Sha Tsui Project as First Hong Kong Rental Residential Venture

2023/03/19 by Beatrice Laforga Leave a Comment

Hines on Friday announced the official opening of its first-ever rental apartment complex in Hong Kong as the US developer continues to expand its bets on multi-family residential in Asia Pacific.

Dash on Prat, an 18-storey co-living facility in the… Read More>>

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