Just over a year after buying a landmark office building in London for £718 million (then $972 million), Singapore’s Ho Bee Land is selling off assets in its home market with the stock exchange having recently queried the developer over… Read More>>
Wing Tai Wins Residential Site in Singapore’s Holland Village for $57M
Wing Tai Holdings has won a tender for the collective purchase of a residential building in Singapore’s posh Holland Village area for S$76.3 million ($56.8 million), with the developer planning to remake the site into luxury housing as the city-state’s… Read More>>
Singapore Releases New Residential Sites as Housing Market Stays Hot
The Singapore government on Tuesday released two residential development sites capable of delivering a total of 1,540 private homes, as officials look to boost housing supply in a city-state reeling from runaway housing prices.
In a set of coordinated moves,… Read More>>
Warburg Pincus, Weave See Asia Shifting to Rental Homes – MTD TV
Rental housing options are catching on in Asia Pacific’s urban hubs as societies rethink… Read More>>
CIFI Looks to Sell Shanghai Headquarters, Warns of $2B Full-Year Loss
CIFI Holdings is shopping some of its most high-profile real estate assets in its Shanghai hometown, including its headquarters building held with joint venture partner Henderson Land, as the cash-strapped builder warns of a multibillion-dollar loss in its full-year financial… Read More>>
Jingrui Selling Shanghai Commercial Building to China Construction Bank for $19M
Jingrui Holdings has agreed to sell a commercial building in Shanghai’s Xuhui district to state-owned China Construction Bank for RMB 132.4 million ($19.2 million), as the mainland developer continues to unload assets after a recent default on offshore debt.
Jingrui… Read More>>
Creditors Close in on Sale of Evergrande Founder’s Seized $112M Hong Kong Mansion
Evergrande boss Xu Jiayin still holds the reins of what was once China’s biggest builder, but his pile of assets is getting whittled down with an HK$880 million ($112.1 million) mansion formerly held by the developer said to be nearing… Read More>>
Rental Housing Operator Weave Opens First Location in Singapore
Weave Living opened its first location in Singapore this week with the facility in Kampong Glam half leased at rents exceeding expectations, Sachin Doshi, founder and chief executive of the Hong Kong-based startup told Mingtiandi on Thursday.
The Warburg Pincus-backed… Read More>>
CDL Completes $468M Buy of London Mixed-Use Complex From Blackstone
Singapore’s City Developments Ltd has completed its purchase of the St Katharine Docks complex in central London from funds advised by Blackstone for £395 million ($468.2 million).
The property spans more than 500,000 square feet (46,450 square metres) of office,… Read More>>
LaSalle Promotes Nick Okumura to Japan CEO, Appoints Itaru Nogami to Manage Fund
LaSalle Investment Management on Wednesday announced the promotion of Kunihiko (Nick) Okumura to succeed Keith Fujii as Japan CEO at the fund management unit of JLL.
In addition, Itaru Nogami will replace Ryota Morioka as fund manager of the firm’s… Read More>>
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