A disgraced Chinese insurer leads the way in our roundup of Asia real estate news today as the company’s administrators field offers of up to $5.8 billion for its set of US luxury hotels.
While that mainland investor winds up… Read More>>
AEW Buying Singapore’s Chevron House From Oxley for S$1B
Property developer Oxley Holdings has agreed to sell Chevron House, an office building at Raffles Place for up to S$1.025 billion ($758 million), according to a filing by the company with the Singapore Stock Exchange on Tuesday.
The buyer, according… Read More>>
Oxley Reboots Sale of S$950M Singapore Hotels After Buyer Balks
Oxley Holdings has appointed new consultants to find a fresh buyer for its Novotel and Mercure hotels on Stevens Road after a previous suitor was found to have breached the terms of a letter of intent for purchase of the… Read More>>
AEW Said to Make S$1B Bid for Chevron House at Raffles Place
Oxley Holdings announced late Thursday that it has received an unsolicited expression of interest in the amount of S$1.025 billion ($758 million) for the Chevron House building at Raffles Place, exactly one year after the Singapore-listed developer completed its purchase… Read More>>
Oxley Gets LOI to Sell Pair of Singapore Hotels for S$950M
Oxley Holdings Ltd is on its way to selling a pair of hotels on Stevens Road, just near Singapore’s Orchard Road shopping district, for a combined S$950 million ($702 million), according to an announcement by the developer to the city’s… Read More>>
China Cuts Resettlement Subsidies to Cool Market and More Asia Real Estate Headlines
The authorities in Beijing have come up with yet another move to cool down the real estate ardor of their 1.4 million constituents, as the housing said it will limit loans for resettlement payments. Also in the news, China’s CIC… Read More>>
Perennial Buys Out Capitol Singapore for $402M and More Asia Real Estate Headlines
Leading today’s roundup, top Singaporean developer Perennial Real Estate is poised to buy out an iconic heritage property in the city-state, ending years of business bickering. Also in the headlines, a Thai hotel operator has scooped up all 456 units… Read More>>
Hard Rock To Roll Out 36 China Cafes and More Asia Real Estate Headlines
Leading today’s news roundup, Hard Rock Cafe sees a craving for American burgers and Black Sabbath memorabilia in places like Chengdu, as the theme restaurant chain plans to bring its act to 36 new locations in China in 36 months…. Read More>>
Korean Proptech Startup Raises $9.3M and More Asia Real Estate Headlines
Proptech leads today’s news roundup, with a Korean real estate crowdfunding startup raising a pile of money in a record-breaking series A investment round. Also in the headlines, China Vanke and ZTE are set to move ahead on a Shenzhen… Read More>>
Oxley Buys SG’s Chevron House for S$660M and More Asia Real Estate Headlines
Singapore’s real estate rebound continues to generate headlines today as Oxley joins the Raffles Place elite with a formal agreement to buy out Chevron House. Mainland housing also grabs attention with $3 billion in new securities backed by the future… Read More>>
