With mainland China returning to something that begins to resemble normal working conditions executives in the middle kingdom dominate this week’s collection of people moves from around the region, with developers in Shanghai and Shenzhen introducing new senior leadership. While… Read More>>
Hong Kong Retail Sales Plunge Record 44% in February and More Asia Real Estate Headlines
Disappearing shoppers lead the way in Mingtiandi’s roundup of Asia real estate headlines today as one of the most famous shopping hubs in the world sees sales take a nosedive.
In other news around the region, a Seoul-based brokerage has… Read More>>
SRE Group Directors Charged with Embezzlement and More Asia Real Estate Headlines
Embezzlement leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the chairman of SRE Group, who was detained in January, has now been formally charged with embezzlement, along with an executive director of… Read More>>
Singapore Condo Sales Fall 53% in December and More Asia Real Estate Headlines
Sunny Singapore leads the real estate news in Asia today as the city-state’s gradual housing slide hit a steeper slope in December, according to fresh government figures. Blackstone also returns to the headlines today with news that the US real… Read More>>
WeWork India Seeks $200M for Expansion and More Asia Real Estate Headlines
Co-working India-style leads the way in Mingtiandi’s roundup of real estate headlines today with the news that the India franchise of the struggling US flexible space giant is looking to raise $200 million to fund its expansion drive.
Asia Real Estate People in the News 2019-10-21
In this week’s edition of Mingtiandi’s People in the News, family fortunes are the theme as a cash-strapped Hainan conglomerate names the chairman’s son as group president, and a Singapore-based developer promotes another young prince to deputy CEO.
In other… Read More>>
OUE Sells Oakwood Apartments in SG to Far East Consortium-AMTD JV for S$289M
OUE has agreed to sell the hotel and serviced residence component of its OUE Downtown project, along with the associated business operations, to a pair of joint ventures between Far East Consortium and Hong Kong investment bank AMTD Group for… Read More>>
OUE Sells French-Designed Mansion to Chairman Stephen Riady for S$95M
Singapore-listed OUE Group has sold a trophy home in the most elite enclave of the city’s ultra rich to its executive chairman, Stephen Riady for S$95 million ($68 million), according to a stock exchange announcement.
Under the terms of an… Read More>>
Singapore’s UOL Pays S$675.3M to Buy Out Marina Bay Partners
Listed developer UOL and its subsidiary, United Industrial Corp (UIC), have agreed to pay S$675.3 million ($499.26 million) to take 100 percent ownership of the Marina Square shopping centre and the Marina Mandarin hotel in Singapore.
The pair of companies… Read More>>
Singapore’s OUE Proposes S$6.8B Merger of Commercial, Hotel REITs
A pair of Singapore-listed property trusts affiliated with Indonesia’s Riady family may soon be merged, according to a deal proposed today by the managers of OUE Commercial REIT and OUE Hospitality Trust.
Under the proposal, unit holders in OUE Hospitality… Read More>>
