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>>
Singapore to Make Ong Beng Seng Decision Soon and More Asia Real Estate Headlines
Singapore law enforcement officials are nearing a decision on the fate of property tycoon Ong Beng Seng, with that story leading Mingtiandi’s headline roundup. Also making the list, BlackRock says it will refrain for the time being from further real… 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>>
Singapore Minister Charged with Corruption in Case Linked to Hotel Tycoon Ong Beng Seng
Singapore’s transport minister S. Iswaran on Thursday was slapped with 27 charges, including two counts of corruption related to assisting Ong Beng Seng, co-founder of SGX-listed Hotel Properties Ltd, to secure agreements for one of his companies with the country’s… 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>>
Blackstone Looks to Refill Japan Portfolio and More Asia Real Estate Headlines
Japan leads today’s roundup of real estate headlines from around the region, with Blackstone talking up its recent series of disposals in Asia’s second-largest economy. Also in the news, SGX-listed Manulife US REIT will halt distributions for the first half… Read More>>
Ong Beng Seng Said Back in Singapore and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore property tycoon Ong Beng Seng is reportedly back in the country after a post-arrest jaunt in Bali and Dalian Wanda spooks markets as it wrestles with an offshore bond nearing maturity. Also… 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>>
Temasek-Backed Group Makes ‘Superior’ $2.89B Offer Topping Keppel in SPH Battle
The bidding war for Singapore Press Holdings’ real estate business escalated again on Monday, as Temasek-backed Cuscaden Peak announced a S$3.9 billion ($2.89 billion) offer that the Straits Times publisher judged “superior” to rival suitor Keppel Corporation’s terms.
The latest… Read More>>
Temasek-Led Group’s $2.5B Bid Tops Keppel Offer for SPH Real Estate Business
Keppel Corporation’s plan to acquire Singapore Press Holdings’ real estate business is being challenged by a rival bid from an unlikely source: a consortium backed by state holding firm Temasek and hotel tycoon Ong Beng Seng.
Cuscaden Peak, a company… Read More>>