Wharf Holdings has brought along some friends for its second trip to Hong Kong’s posh Peak district in the last two months, as the local developer joined with a group of investors to win a tender for a luxury residential… Read More>>
Goodman Buys Half of Kowloon East Industrial Building for HK$570M
CBRE this week announced the sale of the lower half of an industrial building in an up-and-coming Hong Kong district which is rapidly transforming from workshops to prime office projects.
Industrial developer Goodman confirmed to Mingtiandi today that it is… Read More>>
China Everbright Sued by Former CEO of SGX-Listed Developer for $180M
The former CEO of Ying Li International Real Estate has filed a lawsuit against China Everbright Ltd in a Chinese court over money he says he’s owed by the mainland financial conglomerate from its purchase of his controlling stake in… Read More>>
Keppel Launches First China Logistics Property Fund With $220M Commitment
Keppel Capital, the Temasek Holdings-backed asset management arm of Singapore’s Keppel Group, on Tuesday announced the creation of a logistics property fund to invest in developing high-quality assets in key logistics hubs in China.
Keppel Capital’s first China-focused logistics property… Read More>>
AA REIT to Buy Sime Darby Singapore Car Dealership Building for $77M
SGX-listed AIMS APAC REIT on Wednesday announced plans to acquire Sime Darby Business Centre on the western fringe of Singapore’s urban core for S$102 million ($76.6 million) as part of a sale-leaseback deal.
Consisting of a five-storey light industrial building… Read More>>
Ascott Residence Trust Buying Atlanta Student Housing Block for $95M
Shaking off some downbeat financial results, Singapore-listed Ascott Residence Trust on Wednesday announced its maiden foray into the US student housing market with the acquisition of a mid-rise Atlanta property for $95 million.
The transaction, expected to be completed this… Read More>>
Office Vacancy in Hong Kong’s Central Tops 7% for the First Time Since 2004
Hong Kong’s office market continued to slide in December, with the vacancy rate for Grade A space in Central surpassing 7 percent for the first time since 2004, according to JLL.
In its Property Monitor Report released Monday, the real… Read More>>
Singapore’s CDL Warns of Loss After China Developer Investment Swells to $1.4B
Singapore-based City Developments Ltd on Thursday issued a fresh warning that it is likely to report a loss stemming from the firm’s contentious investment in mainland Chinese developer Sincere Property Group.
In the filing with the Singapore Exchange, CDL cited… Read More>>
Hines Hires New Asia Investment Chief as Fund Management Business Grows
Hines is strengthening its regional investment team with the hiring of asset management veteran Ng Chiang Ling as chief investment officer for Asia, based in the US developer’s Singapore office.
Ng will work alongside Asia Pacific CEO Ray Lawler and… Read More>>
Eagle Hospitality Trust Hotels Declare Bankruptcy as Singapore REIT Collapses
Eagle Hospitality Trust took another step towards liquidation today as the Singapore-listed REIT revealed that 27 entities within its portfolio have filed for bankruptcy in the US.
In a filing to the SGX, DBS Trustee, which is looking after the… Read More>>
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