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>>
Ad Giant Publicis Moving to Guoco Midtown Project in Singapore
Advertising giant Publicis Groupe has leased around 55,000 square feet (5,110 square metres) of office space in GuocoLand’s Guoco Midtown project, joining a wave of multinational firms moving house to downtown Singapore’s newest buildings.
The Paris-based parent of Leo Burnett,… Read More>>
GIC Completes Hyderabad Tech Park Buy and More Asia Real Estate Headlines
In today’s roundup of regional headlines, Singapore’s GIC completes its acquisition of a Hyderabad office complex, and Chinese state-owned builder Greenland readies its virtual asset trading platform in Hong Kong. Also in the news, Fitch plans to pull its rating… Read More>>
Cautious Bidding Predicted for Singapore Site as URA Accepts Bargain Lentor Tender
Singapore’s Urban Redevelopment Authority (URA) has launched a tender for a sixth residential plot in an emerging estate in Ang Mo Kio, with the government confirming the upcoming sale of its latest Lentor Central site just one day before finalising… Read More>>
GuocoLand-Hong Leong JV Sole Bidders as Singapore Site Draws $367M Record Low Offer
A joint venture between Malaysia’s GuocoLand and its Singapore cousins at Hong Leong Holdings placed the sole bid in a government tender for a residential plot in the northern part of Singapore’s Ang Mo Kio area, with the low-ball S$486.8… Read More>>
Singapore Boosts Taxes on Ultra-Luxury Home Sales and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore enacts a fresh round of tax hikes on property purchases to raise extra revenue for the city-state’s coffers, and sovereign fund GIC reportedly has second thoughts about private investments in China.
Guoco Midtown Office Project Opens Doors to Tenants in Singapore
GuocoLand has obtained the temporary occupation permit for the office component of its S$2.4 billion ($1.83 billion) Guoco Midtown project, opening the doors for tenants to begin occupying the 30-storey tower in Singapore’s downtown core, the Singapore-listed developer announced Tuesday.
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