Singaporean tycoon Ong Beng Seng is charged in connection with a bribery scandal, with that story leading today’s headline roundup. Also making news, Blackstone is said to be raising $10 billion for an Asia buyout fund and the former CEO… Read More>>
Ong Beng Seng’s HPL Leads Sale Effort for Orchard Road Hotel Complex
Just over one year after winning provisional approval to redevelop a trio of buildings at the west end of Singapore’s Orchard Road, Ong Beng Seng’s Hotel Properties Ltd is poised to sell a commercial complex along the eastern portion of… Read More>>
Chairman of China’s Agile Sells HK Flat at 54% Loss and More Asia Real Estate Headlines
The latest stumble by a mainland real estate tycoon leads today’s collection of real estate headlines from around the region, as the chairman of China’s Agile Group sells a Hong Kong home at more than half off. Also in the… Read More>>
Asia Real Estate People in the News 2024-05-27
India business parks are booming and new leadership CapitaLand’s large footprint office space in the country leads this week’s review of personnel moves from around the region. Also covered this week is a change in command in Kaisa Group’s property… Read More>>
Mall Rents in Singapore’s Orchard Area Up 1.3% in Q3 as Visitors Return
Mall rents in Singapore’s famed Orchard Road shopping area inched up by 1.3 percent in the third quarter from the preceding three months on the back of a rebound in travel and the ongoing rejuvenation in the area.
Average passing… Read More>>
GIC Reportedly Shopping $2B Tokyo Office Tower and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore’s GIC is said to be seeking a buyer for a Tokyo skyscraper, and a Korean REIT closes in on the acquisition of HSBC’s Seoul headquarters. Also making the list, Korea’s Mirae Asset… Read More>>
Ong Beng Seng’s HPL Gets Provisional Nod for Orchard Road Redevelopment in Singapore
Hotel Properties Ltd, the builder controlled by billionaire Ong Beng Seng, has secured provisional permission from Singapore’s Urban Redevelopment Authority to transform a set of Orchard Road buildings into a mixed-use project with hotel, retail, office and residential components.
The… Read More>>
Hotel Tycoon Ong Beng Seng Arrested in Singapore Transport Minister Graft Probe
Ong Beng Seng, co-founder and controlling shareholder of SGX-listed Hotel Properties Ltd (HPL), has been arrested and was requested by Singapore’s anti-graft agency to provide details regarding his interactions with Transport Minister S. Iswaran, who has been put on leave… Read More>>
Asia Real Estate People in the News 2023-06-19
Leading this week’s roundup of people moves from around Asia is the migration of a top level BlackRock executive. Also making the list is the Asia CEO of UK investment firm Chelsfield, who has joined the board of a Singapore… Read More>>
Ong Beng Seng’s Hotel Properties Ltd JV Sells London HIlton for $53M
Singapore property tycoon Ong Beng Seng is raising some cash as the hospitality investor’s primary publicly traded vehicle announced the sale of a London hotel over the weekend.
Hotel Properties Ltd, which is 55.4 percent owned by Ong, said on… Read More>>