Manhattan-based Tishman Speyer sets up an Indian joint venture to acquire land for an office project in Chennai, with that story leading Mingtiandi’s headline roundup today. Also in the news, SGX-listed developer OUE swings to a first-half loss and Singaporean… Read More>>
Brunei Sovereign Fund Buys Stake in Ho Bee Singapore Life Sciences Complex for $205M
Singapore’s commercial real estate is showing signs of a pulse this month with developer Ho Bee Land announcing early Monday that it has agreed to sell a 49 percent stake in a life science complex in the city-state’s One North… Read More>>
Bain Capital to Invest $31B in Japan Over Five Years and More Asia Real Estate Headlines
Bain Capital leads Mingtiandi’s headline roundup today as the US fund manager aims to invest $31 billion in Japan over the next five years. Also making the news, South Korea’s Lotte REIT mortgages a Gangnam department store as it raises… Read More>>
Singapore’s Ho Bee Land Swings to S$260M 2023 Loss on London Markdowns
Singapore-listed developer Ho Bee Land has swung to the red in 2023 with an attributable net loss of S$259.8 million, as fair value losses on its London investment properties and higher interest expenses dented the company’s profitability.
The company’s loss… Read More>>
Singapore’s Ho Bee Land Warns of Widening Loss and More Asia Real Estate Headlines
SGX-listed developer Ho Bee Land leads today’s roundup of real estate headlines with a warning of losses on the way in its 2023 results as the country’s property woes seep into industrial markets. Also making the news, China’s real estate… Read More>>
Ho Bee Land Stung by $115M First-Half Loss and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore’s Ho Bee Land posts a six-month loss tied to the falling value of its London properties, and Chinese developer Fantasia’s shares tumble after a long trading halt. Also making the list are… Read More>>
Asia Real Estate People in the News 2023-05-29
This week’s overview of personnel changes from around the region starts out with a pair of quick departures from a defaulting Vietnamese real estate developer. Also making our list is a new director at a casino operators, an expanded role… Read More>>
Insurer Ping An Changes Property Strategy and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, insurance giant Ping An increases its investment in real estate while reducing exposure to developers, and Australia’s Star Entertainment Group markets one of its Gold Coast hotels.
Ping An Adds… Read More>>
Singapore’s Ho Bee Land Sells Industrial Assets After Rise in Current Liabilities
Just over a year after buying a landmark office building in London for £718 million (then $972 million), Singapore’s Ho Bee Land is selling off assets in its home market with the stock exchange having recently queried the developer over… Read More>>
Singapore’s UOL Saw Profits Jump 60% in 2022, Ho Bee Notches 25% Improvement
Strong home sales at development projects delivered a boost to the full-year results of Singapore-based builders UOL Group and Ho Bee Land as the city-state’s housing market soared in 2022.
UOL, the developer controlled by the Wee family behind United… Read More>>