Oxley Holdings has received an expression of interest from an anonymous suitor to buy the retail and banking podium of Singapore’s Chevron House for S$315 million ($223 million), the company said this week, with the reported offer coming in 34… Read More>>
Greystar Unveils First China Apartment Project in Shanghai
Greystar Real Estate Partners has begun marketing its maiden project in China, as the US-based multi-family developer and operator notches another milestone in its Asia expansion.
Dubbed LIV’N 833, the upscale rental housing project is set to open in Shanghai… Read More>>
CK Asset Pays HK$4.95B for HK’s First Public–Private Residential Project
A property conglomerate chaired by the son of Hong Kong’s richest man, Li Ka-shing, has won a tender to develop the city’s first residential project combining private and government-subsidised homes.
The city’s Lands Department announced yesterday that it had awarded… Read More>>
Logos Secures Singapore Site After Closing S$1.2B Ivanhoe, CPPIB Fund
Logos Group has expanded its Southeast Asia footprint with the acquisition of a redevelopment site in Singapore through a S$1.2 billion ($850 million) fund set up with a pair of long-term institutional partners.
The Sydney-based developer and fund manager made… Read More>>
Shenzhen’s Realord Makes HK$500M Offer for Hong Kong’s Sincere Department Stores
Mainland electronics conglomerate Realord Group Holdings has made a voluntary conditional cash offer to buy out Hong Kong’s Sincere Group in a deal that values the city’s oldest Chinese-owned department store group at HK$500 million ($65 million), according to a… Read More>>
Chow Tai Fook, FEC Secure Financing for A$3.6B Brisbane Casino
An A$3.6 billion ($2.3 billion) Brisbane casino resort backed by a pair of Hong Kong heavyweights has secured financing that allows the controversial development to press ahead despite opposition from preservationists and design groups.
Australian gambling and entertainment company Star… Read More>>
CBRE Leads Brokerage Wins with Deutsche Shed Deal as Asia Recovers Mingtiandi Broker Battle
Asia’s real estate markets have reawakened in May with the world’s largest brokerages handling a string of investment and leasing transactions in Hong Kong, mainland China and Singapore after deals came to a near halt during April, according to data… Read More>>
Li Ka-shing’s CK Asset Sounds Profit Alarm as COVID-19 Crimps Business
The property conglomerate chaired by the son of Hong Kong’s richest man has warned shareholders to expect a fall in profits for the first half of the year, marking the first time the company has issued a profit warning since… Read More>>
Billionaire Developer Targets HK$700M Forced Sale in Western HK
One of Hong Kong’s wealthiest men has moved a step closer to developing a residential complex in the city’s Sai Ying Pun district after successfully applying for a compulsory sale of the remaining units in a 61-year-old walk-up near the… Read More>>
Hong Kong Government Cancels Kai Tak Land Sale as Bids Disappoint
The Hong Kong government has scrapped the sale of the second-largest commercial site at Kai Tak, marking the latest blow to its plans for redeveloping the former airport site.
The city’s Lands Department said that it had cancelled the tender… Read More>>
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