Princeton Digital Group on Monday announced a $1 billion investment plan in which the company will develop data centres in its home city of Singapore and in the nearby markets of Batam and Johor as an extension of its Lion… Read More>>
Hong Kong’s Henderson Land Wins Approval for Site 3 Harbourfront Plan
Henderson Land Development’s vision for the waterfront of Hong Kong’s Central district is one step closer to reality with the city’s Town Planning Board approving the developer’s designs for a HK$73 billion ($9.3 billion) commercial project.
The design… Read More>>
Kerry Properties Wins Residential Site in Hong Kong’s Tsuen Wan with $180M Bid
Kerry Properties won a residential site in Hong Kong’s New Territories for HK$1.44 billion ($180 million) to record the city’s first successful government land sale this year.
The HKEX-listed developer, through its subsidiary Wealthy Guide Ltd, has been awarded the… Read More>>
Gordon and Celine Tang Clinch Chip Eng Seng Buyout as Acceptances Surpass 90%
After two deadline extensions, Gordon and Celine Tang have hit the magic number in their take-private bid for Singapore-listed Chip Eng Seng, with the mainland money managers securing acceptances from more than 90 percent of the builder’s shareholders by the… Read More>>
IGIS Asia Raising Total of $630M for Life Science Ventures
IGIS Asia Investment Management, the Singapore-based investment arm of South Korea’s IGIS Asset Management, has teamed up with a leading Korean biopharmaceuticals group to launch a new platform for life science real estate investments across Asia Pacific.
The venture, which… Read More>>
Evergrande Raps Former CEO, Two Other Execs for $2B Loan Scheme
China Evergrande on Wednesday chided three former executives for their roles in a scheme in which loans secured by pledge guarantees were transferred and diverted back to the debt-saddled developer via 36 unnamed third parties and used for general operations.
Singapore Private Home Sales Bounce Back but Remain Below 2022 Levels
Developers sold 391 homes in Singapore last month, more than doubling the 170 units transacted in December but still lower than the January 2022 total, according to data from the Urban Redevelopment Authority.
Sales of new private homes (excluding executive… Read More>>
Co-President of China’s CFLD Detained on Unspecified Charges
China Fortune Land Development has become the latest mainland builder to suffer from an acute case of director disappearance after the former top 10 developer said it received notice that Meng Jing, a CFLD director and co-president, was detained by… Read More>>
Hong Kong Adds National Security Clause to Land Sales, Leases of Government Buildings
The Hong Kong government is defending its right to require bidders in land auctions to meet undefined national security criteria, with the city’s chief executive insisting the policy “has no relevance at all” to developers’ bidding decisions.
John Lee’s comments… Read More>>
MTR Withdraws Tender for Lantau Island Site in Third Hong Kong Land Sale Fail of 2023
Hong Kong’s MTR Corporation has ended a tender for a HK$10 billion ($1.27 billion) project in northern Lantau island without finding a buyer after the three bids received for the commercial and residential site fell short of the government-backed transport… Read More>>
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