A Mizuho-backed listed trust leads today’s roundup of headlines from around Asia Pacific, with One REIT picking up five hotels and a Tokyo office building for $189.6 million. Also making the list are ByteDance securing a record data centre lease… Read More>>
Ong Beng Seng Mulls Sale of Stakes in Orchard Projects and More Asia Real Estate Headlines
Singapore’s HPL leads today’s property headlines as it seeks to sell majority stakes in two Orchard Road assets. Also in the news, Hong Kong’s Law Society snaps up a floor at The Center for half off, Macquarie raises $711 million… Read More>>
Singapore’s Ong Beng Seng Steps Down Before Guilty Plea and More Asia Real Estate Headlines
A player in a Singapore graft case leads today’s roundup of real estate headlines from Asia as Ong Beng Seng forsakes the top titles in a company he started four decades ago. Gaw Capital also makes the headlines with a… Read More>>
Ong Beng Seng’s HPL Enters New Zealand With $102M InterContinental Auckland Buy
Hotel Properties Ltd has agreed to buy the InterContinental Auckland for NZ$180 million ($102.2 million), marking the Singapore-based group’s first acquisition in New Zealand.
The off-market deal represents the largest-ever sale of a single hotel asset in New Zealand, according… Read More>>
Ong Beng Seng Buys Out Orchard Road Complex for $618M in Year’s Biggest Collective Sale
Hotel Properties Ltd has acquired the Concorde hotel and mall complex on Singapore’s Orchard Road for S$821 million ($618.7 million), setting the stage for the property’s redevelopment amid a government-led rejuvenation drive in Southeast Asia’s best-known shopping belt.
HPL’s bid… Read More>>
Singapore Charges Billionaire Ong Beng Seng and More Asia Real Estate Headlines
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>>