A luxury condominium site in Singapore’s Holland Village area which could bring offers as high as S$1 billion ($740 million) has been launched for sale as developers pull back from pricey housing plots in the face of slower home sales… Read More>>
Sino Land Enters Sole Bid for Lantau Residential Site in Hong Kong
A residential site on Hong Kong’s Lantau Island drew a single bid from local builder Sino Land at a tender that closed Friday, potentially setting the stage for a fourth withdrawn plot at government land sales in 2023.
The low-density… Read More>>
Sumitomo Buying Central Mumbai Plot for $626M in City’s Priciest Land Deal
Japan’s Sumitomo Realty & Development has agreed to buy a 22 acre (8.9 hectare) land parcel in central Mumbai from Bombay Dyeing and Manufacturing for INR 5,200 crore ($626.3 million).
Bombay Dyeing, a unit of India’s Wadia Group conglomerate, said… Read More>>
Sim Lian Places Tops Bid For Singapore Residential Site With $626M Bargain Offer
Local private developer Sim Lian Group placed the higher of just two bids for a residential plot on Jalan Tembusu in eastern Singapore at S$828.8 million ($625.5 million), in a government land sale that drew weaker than expected interest from… Read More>>
China Land Premiums Fall Despite Relaxed Rules and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China’s land market continues its slump despite government moves to boost credit and ease restrictions to entice developers, a South Korean investment firm acquires an office building in Brussels, and debt-saddled China Evergrande… Read More>>
Tishman Speyer JV Pays $800M for Commercial Site in Shanghai’s Changning District
Tishman Speyer is once again making moves in its favourite Asian megacity, with the US developer today announcing that it had successfully led a RMB 5.09 billion ($800 million) purchase of a plot in Shanghai’s Changning district for a future… Read More>>
Mapletree Closes on $552M for US Office Fund and More Asia Real Estate Headlines
Singapore’s ongoing interest in American real estate assets as Mapletree Investments announces that it has closed on $552 million in equity for its first-ever US office fund.
The ongoing financial pressure on Chinese developers continues to make… Read More>>
CDL Declares Loss Despite SG Market Boom and More Asia Real Estate Headlines
Singapore’s condo market is experiencing a full-scale boom, but that upswing hasn’t been enough to cure the ills of the city’s largest non-government-backed developer, as City Developments Ltd revealed its second quarter financials today.
Also in the… Read More>>
Anjuke Boss Calls for RMB 4B Fine of Beike and More Asia Real Estate Headlines
Fines are in fashion in China as the boss of real estate listings site Anjuke seems to have been inspired by recent government action against Alibaba to call down government fury upon his larger competitor.
Singapore is… Read More>>
Private Shanghai Developer Braves Pandemic to Pay RMB 6B for Jing An Site
A little-known mainland developer has braved the economic uncertainty caused by the COVID-19 pandemic to buy a commercial site in central Shanghai’s Jing An district for RMB 6 billion ($850 million), according to a government announcement.
Lanhai Holdings Group, which… Read More>>
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