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HK Hotel Room Rates Plunge 46% As Vacancy Soars and More Asia Real Estate Headlines

2019/11/13 by James Hatton Leave a Comment

Discounted room rates lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that Hong Kong’s hotels are suffering as visitors stay away from the teargas-filled Asian financial hub.

In other news around the region,… Read More>>

Yanlord Land Offers to Buy Out United Engineers in S$1.7B Deal

2019/10/25 by James Hatton Leave a Comment

Shanghai-based Yanlord Land Group is making a mandatory cash offer for United Engineers Limited in a deal that values the century-old property company at S$1.7 billion ($1.25 billion).

The developer chaired by mainland native Zhong Sheng Jian, who is also… Read More>>

empty shops hk

HK Retailers Offered Monthly Leases as Sales Plummet and More Asia Real Estate Headlines

2019/10/08 by James Hatton Leave a Comment

Short-term leases lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that landlords are offering shop tenants in Hong Kong monthly agreements as the retail sector continues to come under pressure in the Asian… Read More>>

Ching Chiat Kwong Oxley

Oxley Offers Podium of Singapore’s Chevron House for S$475M

2019/09/08 by James Hatton Leave a Comment

Just four months after Oxley Holdings agreed to sell 30 Raffles Place in Singapore’s central business district to AEW for S$1.025 billion ($740 million), the Singapore-based company has moved to find a buyer for the building’s retail and office podium… Read More>>

Wu Xiaohui

17 Bidders Offer Up to $5.8B for Anbang US Hotels and More Asia Real Estate Headlines

2019/05/22 by James Hatton Leave a Comment

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>>

Ching Chiat Kwong Oxley

AEW Buying Singapore’s Chevron House From Oxley for S$1B

2019/04/30 by Jan Kot Leave a Comment

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>>

Mercure Stevens Road Singapore

Oxley Reboots Sale of S$950M Singapore Hotels After Buyer Balks

2019/03/24 by Jan Kot Leave a Comment

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>>

Oxley boss Ching Chiat Kwong

AEW Said to Make S$1B Bid for Chevron House at Raffles Place

2019/03/17 by Michael Cole Leave a Comment

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>>

Tahir Mayapada

Oxley Gets LOI to Sell Pair of Singapore Hotels for S$950M

2019/01/14 by Michael Cole Leave a Comment

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>>

Wang Menghui MOHURD

China Cuts Resettlement Subsidies to Cool Market and More Asia Real Estate Headlines

2018/07/15 by Michael Cole Leave a Comment

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>>

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