Nan Fung Development continues to bet on Hong Kong Island’s luxury residential market, reaching just under 70 percent ownership last month of a set of lane houses in Jardine’s Lookout through a series of purchases which totalled over HK$1 billion… Read More>>
Savills Acquires Singapore’s Merx Group to Bolster APAC Project Management
Savills has acquired Singapore-based Merx Group for an undisclosed amount in a bid to strengthen the property services firm’s project management capabilities across Asia Pacific.
The pick-up adds Merx’s crew of 50 project management professionals to Savills’ regional offering, with… Read More>>
Hines Developing Second Cold Chain Warehouse in South Korea
Hines continues to bet on refrigerated storage as it expands its industrial holdings in Asia Pacific, with the US developer this week announcing a new logistics centre in South Korea as its third cold chain project in the region.
The… Read More>>
Modern Land Seeks Restructuring of $1.3B Debt as Shares Drop 40%
Modern Land on Monday announced the appointment of financial advisors to assess the Beijing-based builder’s liquidity crunch and devise a remediation plan, joining a caravan of cash-strapped Chinese developers seeking a restructuring of delinquent debts.
In an update to the… Read More>>
Family of Late ‘Shop King’ Sells 13th Major Hong Kong Asset in Six Months
In their 13th major asset disposal in six months, the family of Hong Kong’s late “Shop King” Tang Shing-Bor have started the new year on a familiar note, taking in a reported HK$650 million ($83.3 million) with the disposal of… Read More>>
Home on Hong Kong’s Peak Sells for $74.8M as City’s Luxury Market Rages
An apartment on Hong Kong’s posh Victoria Peak sold last week for HK$583.2 million ($74.8 million), as bullish sentiment continues to sustain luxury home prices in the world’s most expensive housing market despite the COVID-19 pandemic entering its third year.
Temasek-Backed Tikehau Capital Files for Pegasus Asia SPAC in Singapore
The boom in blank-cheque companies may look like a bust in New York, but the pre-packaged investment arrangements look set for a second act in Southeast Asia as two Temasek Holdings-backed firms prepare to launch Singapore-listed SPACs, including one with… Read More>>
Singapore Real Estate Investment Could Drop by One-Fifth in 2022
Investment in Singapore’s real estate market is projected to drop by up to 22 percent this year after the city-state notched S$25.8 billion ($19 billion) in total deals in 2021, as the impact of residential cooling measures kicks in and… Read More>>
Country Garden China’s Top Developer for 2021 After Evergrande Sales Fall 39%
A second-half plunge knocked China Evergrande from its perch as China’s top developer by contracted sales in 2021, enabling rival Country Garden Holdings to seize the No.1 spot despite a lacklustre performance.
Shenzhen-based Evergrande, the world’s most indebted developer, had… Read More>>
Mapletree REIT Merger Plan Prompts Moody’s Credit Review
Less than a week after Mapletree Investments proposed to merge two of its commercial REITs, Moody’s Investors Service has placed Mapletree Commercial Trust under review for a potential credit rating downgrade as MCT’s Temasek Holdings-backed sponsor works to sell the… Read More>>
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