In today’s roundup of regional news headlines, lived-in home prices in Hong Kong fall to their lowest since early 2019, while city-based lender Bank of East Asia sustains record-high bond losses driven by China’s housing crisis.
Hong… Read More>>
Wharf’s Woo Calls for Scrapping HK Travel Curbs and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a billionaire property tycoon urges an end to Hong Kong’s onerous travel restrictions, Singapore’s Lian Beng looks to unload a Joo Chiat commercial property, and SGX-listed Cromwell E-REIT sells some industrial assets.
Citadel Leases Two More Floors in Hong Kong’s IFC and More Asia Real Estate Headlines
Hong Kong’s stumbling office market looks like a bargain to at least one major US investment manager, with Chicago-based Citadel said to be tripling its footprint in the IFC. Also in the news today, Swire Properties has announced plans for… Read More>>
Singapore’s Lian Beng Buys Industrial Building Near Paya Lebar for $36M
The family behind Singapore’s Lian Beng Group is on the move with two generations of the Ong clan announcing deals this past week, including an S$49.25 million ($35.67 million) purchase near Paya Lebar revealed on Friday.
Singapore-listed Lian Beng told… Read More>>
Lian Beng Consortium Buying Breadtalk HQ in Singapore for $88.7M
Financial stress on one of Singapore’s best known retail groups has turned into a real estate investment opportunity as a consortium led by Lian Beng Group is picking up the headquarters of debt-laden bakery chain Breadtalk.
SGX-listed Lian Beng, which… Read More>>
SLB Development Picks Up Singapore Industrial Site for S$112.5M
Singapore’s light industrial assets continued to find favour with investors last week as a developer listed on the city’s Catalist exchange picked up a plot in the city’s Bukit Merah district for S$112,500,000 ($83 million).
SLB Development has agreed to… Read More>>
CapitaLand Mall Trust Sells SG Mall to Lian Beng JV For $189M
CapitaLand Mall Trust (CMT) has sold the Sembawang Shopping Centre for S$248 million ($189 million), generating a net gain for the Singapore-listed real estate trust of S$119.6 million ($91 million), according to a statement to the stock exchange on Thursday.
CapitaLand Commercial Trust Sells Wilkie Edge in Singapore for $203M
CapitaLand’s commercial REIT is selling a mixed-use development in central Singapore for S$280 million ($202.7 million), in a signal that the city-state’s sluggish commercial property market may be picking up.
CapitaLand Commercial Trust (CCT), a real estate investment trust managed… Read More>>