Fresh China leadership for one of North America’s best-known fund managers leads this week’s roundup of personnel moves from Asia’s real estate industry as Bain Capital introduces a new head of its mainland real estate and special situations business. Singapore’s… Read More>>
Evergrande Selling Stake in Guangdong Project and More Asia Real Estate Headlines
China Evergrande’s Hengda subsidiary is selling its entire 65 percent stake in a project in Guangdong province for $19.4 million, with that story leading today’s headline roundup. Also making the cut, mainland developer Jingrui fails to repay a $165 million… Read More>>
Frasers Centrepoint Trust Reports 99.9% Retail Occupancy as Foot Traffic, Sales Rise
Frasers Centrepoint Trust’s latest update paints a picture of robust health in Singapore’s retail sector, with the REIT reporting committed occupancy of 99.9 percent across its nine-asset mall portfolio amid rising foot traffic and store sales.
Committed occupancy during the… Read More>>
Frasers REIT Sells Mall in Singapore’s Changi to Mainland Family for $250M
Singapore-listed Frasers Centrepoint Trust is selling a mall near Changi airport for S$338 million ($250 million) to a mainland Chinese family, according to sources who spoke with Mingtiandi.
FCT’s manager told the local bourse on Wednesday that it has entered… Read More>>
Frasers Centrepoint Trust Wins $310M Green Loan and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore’s Frasers Centrepoint Trust announces fresh financing to help its malls go green, and Sino-Ocean reportedly meets two key shareholders to discuss the Chinese developer’s debt load before an onshore bond matures next… Read More>>
Frasers Group JV Buys Half-Stake in Mercatus Singapore Mall for $497M
The manager of Frasers Centrepoint Trust and its sponsor, Singapore-listed property developer Frasers Property, have teamed up to acquire a 50 percent stake in the largest mall in northeast Singapore from Mercatus Co-operative Ltd for S$652.5 million ($497 million).
FCT’s… Read More>>
Singapore Mortgages Chip Away at Monthly Income and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Moody’s reports that Singapore homeowners are using more of their income to service mortgages, Hong Kong’s URA invites dozens of developers to a Sai Ying Pun project tender, and SGX-listed Keppel REIT posts… Read More>>
Seizure of Evergrande Hong Kong HQ Confirmed and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, the seizure of China Evergrande’s Hong Kong headquarters is confirmed by public records as the debt-saddled developer pledges to restart dozens of stalled projects. Meanwhile, New York-based SL Green announces its acquisition of… Read More>>
Kaisa Reports Progress Repaying $18B in Debt and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, debt-saddled developer Kaisa Group is making progress in restructuring some $18 billion in borrowings after defaulting on its offshore bonds, as Singapore-listed Keppel REIT posts a 1 percent year-on-year increase in distribution per… Read More>>
Hong Kong Home Price Decline Slowed in March and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Hong Kong’s sagging home prices stabilised in March as the latest COVID wave ebbed, beleaguered mainland developer China Evergrande plans a sales blitz for the long May Day holiday, and Singapore industrial rents… Read More>>