The pursuit of Aussie data centre operator AirTrunk leads today’s headline roundup, with US giant Blackstone said to be closing in on a $13.5 billion buy. Also in the news, Chinese sovereign fund CIC seeks to sell its stake in… Read More>>
Hong Leong, GuocoLand Make Top Bid in SG Land Sale and More Asia Real Estate Headlines
A residential land sale in Singapore drew just two bids as developers tread carefully into a cooling market, with that story leading Mingtiandi’s headline roundup today. Also in the news, Airtrunk opens the first phase of Malaysia data centre and… Read More>>
GuocoLand, Hong Leong Commit $222M to Development of Northern Singapore Site
GuocoLand and Hong Leong Holdings have agreed to commit S$298.1 million ($222.5 million) to develop a northern Singapore residential site won by their joint venture earlier this year.
Malaysia’s GuocoLand, a unit of the Hong Kong-listed Guoco Group controlled by… Read More>>
Frasers Property Earnings Drop 82% and More Asia Real Estate Headlines
The challenges of rising interest rates and falling valuations lead Mingtiandi’s headline roundup today as SGX-listed Frasers reports some discouraging results. Lendlease also makes the list with an unhappy tax surprise and Singapore’s GuocoLand sells off its stake in a… Read More>>
Singapore’s URA Awards Pair of Projects, Launches Two More, Despite Low Bids, Slow Sales
Singapore’s Urban Redevelopment Authority made a pair of announcements on Tuesday set to further expand home supply in the city-state, despite its own figures showing sales of private housing falling 6 percent in the first quarter, compared to the same… Read More>>
GuocoLand-Hong Leong Lentor JV Leads Singapore Home Sales Rebound in March
New private home sales in Singapore climbed 46 percent year-on-year to 718 units in March, snapping two months of decline as a new project by GuocoLand and Hong Leong Holdings accounted for nearly 57 percent of the monthly total.
Lentor… Read More>>
CDL-Mitsui JV Places Sole Bid of $820M for Singapore’s First Rental Housing Project
A joint venture between City Developments Ltd and Japan’s MItsui Fudosan placed the sole bid for a site in Singapore’s posh District 10, positioning the partners to develop a mixed residential and commercial project which includes the city-state’s first land… Read More>>
Singapore Rejects GuocoLand Consortium’s Bid for Marina South Site as ‘Too Low’
For the first time in 12 years Singapore’s Urban Redevelopment Authority (URA) has declined to award a land plot offered under the government’s land sale programme, brushing aside the sole bid from a GuocoLand-led consortium for a site in the city-state’s… Read More>>
Asia Real Estate People in the News 2024-02-05
An upgrade to the investment team at one of Singapore’s biggest institutions leads the first collection of personnel moves for February, as Keppel Ltd promotes one of its senior team members. There’s also more turnover at Canada’s CDPQ and a… Read More>>
GuocoLand Six-Month Profit Jumps 12% as Revenue Soars 61%
GuocoLand posted a 12 percent year-on-year rise in profit to S$66.2 million ($49.4 million) for its fiscal first half as revenue shot up 61 percent to more than S$1 billion.
The SGX-listed property arm of Malaysia’s Hong Leong Group recorded… Read More>>
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