Perennial Holdings has teamed up with Far East Organisation and its Hong Kong-based sister firm Sino Land to buy the Golden Mile Complex in Singapore for S$700 million ($505 million), as they plan to transform the iconic property into an… Read More>>
Alibaba-Led Singapore Project Gets New Partner as Gordon Tang Leads Buy of 21% Stake
Mainland tech giant Alibaba is getting some new partners in a S$1.68 billion ($1.24 billion) office project in Singapore’s Tanjong Pagar area with companies controlled by mysterious Chinese investor Gordon Tang buying a 21 percent stake in the venture from… Read More>>
Bank of America Files to Dismiss EHT Bankruptcies and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Bank of America files a motion to dismiss the bankruptcy cases of Eagle Hospitality Trust entities, Singapore’s Perennial Holdings and partners win a bid to develop an HSR-adjacent plot in Hangzhou, and Hong… Read More>>
Perennial Buys SG Residential Site for S$280.9M and More Real Estate Headlines
In today’s roundup of regional news headlines, a hilltop site in Singapore changes hands after a close-run contest, the UK emerges as the clear destination for Hongkongers fleeing upheaval, and Guocoland says it can’t account for unusual market activity involving… Read More>>
Perennial Takes on $140M Business Park Project in Singapore’s Jurong Lake District
Perennial Real Estate Holdings is taking on its first ever business park project as the Singapore-based developer on Friday announced its S$118 million ($88.4 million) purchase of a project in the city’s Jurong Lake district.
The developer controlled by Singaporean… Read More>>
ARA Steps Up Battle to Take Over Cromwell and More Asia Real Estate Headlines
Singapore’s ARA Asset Management leads today’s real estate headlines in Asia Pacific as the Warburg Pincus-backed fund manager formalises its takeover bid for an Aussie real estate investment firm.
A pair of Softbank-backed startups also reappear with more bad news,… Read More>>
Alibaba Takes on Half of S$365M Debt in SG’s AXA Tower Deal and More Asia Real Estate Headlines
A S$1.7 billion ($1.2 billion) Singapore commercial redevelopment leads Mingtiandi’s round up of Asia real estate headlines today as a stock market announcement reveals that China’s biggest e-commerce player has taken over 50 percent of a S$364.7 million debt obligation… Read More>>
Alibaba Buys 50% of SG’s S$1.7B AXA Tower From Perennial Consortium
Alibaba has agreed to acquire a 50 percent stake in Singapore’s AXA Tower in a deal that values the landmark office property at S$1.68 billion ($1.2 billion) in one of the few major transactions the city has seen this year.
Perennial Sells Remaining Stake in Singapore Complex to Shun Tak for S$155M
Singapore’s Perennial Real Estate Holdings has broken through a virus-induced lull in the investment market to notch the Southeast Asian financial hub’s biggest property sale so far in 2020.
The SGX-listed developer announced today that it has agreed to sell… Read More>>
Yanlord Land Offers to Buy Out United Engineers in S$1.7B Deal
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>>
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