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>>
GuocoLand, Hong Leong, Mitsui JV in $574M Sole Bid for Site in Singapore’s Marina South
A site in Singapore’s western suburbs fetched richer offers than a plot in the city-state’s downtown on Thursday, as interest rates put prime land outside of the reach of many developers and home purchase restrictions crimp the market for high-end… Read More>>
GuocoLand Reaches 90% Take-Up at Guoco Midtown as Singapore’s Bugis Area Rises
GuocoLand has achieved 90 percent take-up for its 709,000 square foot (65,868 square metre) Guoco Midtown office project, based on pre-commitments, marking a fresh milestone for Singapore’s once-fringe Bugis area as an aspiring business location.
Guoco Midtown is set to… Read More>>
BlackRock Turns Bearish on China Equities and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, the world’s biggest asset manager sours on China equities, and troubled developer Sunac files for Chapter 15 protection in New York. Also making the cut are GuocoLand’s latest tender win in Singapore and… Read More>>
GuocoLand, CDL Enter Top Bids for Lentor Central, Champions Way URA Sites
Property heavyweights GuocoLand and City Developments Ltd submitted the highest bids for two separate northern Singapore projects as the Urban Redevelopment Authority closed the tender for the sites on Tuesday.
For the 1.47 hectare (3.63 acre) site at Lentor Central,… Read More>>
Asia Real Estate People in the News 2023-09-04
A board change at Singapore’s ESR-Logos REIT leads this week’s set of personnel moves from Asia’s property industry, with a major Indian commercial developer also naming new leadership. Other additions to the list come from defaulting developer Ronshine China and… Read More>>
GuocoLand Revenue Jumps 60% as Singapore Office Project Gains Steam
GuocoLand’s full-year profit fell 47 percent on lighter investment gains and rising financial costs, but revenue surged 60 percent as the company began recording rental income from the Guoco Midtown office tower.
The Singapore development arm of Malaysia’s Hong Leong… Read More>>
Singapore’s First Housing Launches of Second-Half Meet Cooler Buyer Reception
After Singapore home prices dropped for the first time in over three years during the second quarter, the first major project launches of 2023’s second half met with cooler responses from homebuyers facing new prospects for housing choice in what… Read More>>
Gaw-Owned New York Hotel Dodges Foreclosure and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Hong Kong’s Gaw Capital Partners staves off a foreclosure suit tied to its stilt-supported Manhattan hotel, and ESR wraps up construction of an industrial park in Suzhou.
Gaw’s Standard High… Read More>>
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