Asia real estate and outbound investment news
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>>
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>>
The US division of Singaporean developer OUE has put US Bank Tower, the second tallest building in Los Angeles, on the market for a reported $700 million in a deal which, if concluded at the asking rate, would be the… Read More>>
Singapore’s shift from a housing boom to a condo sale bust leads the region’s real estate headlines today as sales of new, private homes in the city-state dropped by nearly two-thirds in August. Also, making the news, JLL thinks the… Read More>>
Property developer OUE is selling the office component of its 1.24 million square foot (115,000 square metre) OUE Downtown complex to OUE Commercial Real Estate Investment Trust (OUE C-REIT) for S$908 million ($661 million), according to a recent announcement by… Read More>>
India continues to be a hub of activity for US private equity real estate investors, with reports emerging today that Blackstone is set to invest another $1.3 billion in a set of Mumbai office assets. Also in the news, Brookfield… Read More>>
Leading today’s headlines is the sudden disappearance of China’s cashed-up millionaires from the southern California property market, as the mainland’s capital controls hit home. Also in the news, James Packer’s Crown Resorts is backing away from plans to fill its… Read More>>
Chinese investors are not just buying overseas property, they’re also piling into trust listings of real estate overseas.
OUE Ltd.LJ3.SG 0.00%, the Singapore-listed property firm that is set to start taking orders Monday for the initial public offering of its commercial assets in China and Singapore, has sold close to half of the nearly US$300 million deal to cornerstone investors—of which Chinese buyers make up a big part.
Here is a list of the day’s latest China real estate news collected from around the web:
OUE Ltd. (LJ3.SG), a Singapore-based property developer, said Thursday its proposed commercial-focused… Read More>>
