Singapore sovereign investor GIC sounds the alarm on dangers posed by climate change to the real estate industry, with that red alert leading today’s headline roundup. Also in the news, Perennial opens its transit-oriented complex in the Chinese city of… Read More>>
Perennial to Invest $167M After Winning Tender for Singapore’s First Assisted Living Project
Perennial Holdings is planning to invest S$225 million ($167 million) for its initial venture into Singapore’s healthcare real estate sector after winning a public tender for the city-state’s first private assisted living development.
The developer controlled by local billionaire Kuok… Read More>>
Asia Real Estate People in the News 2023-05-22
A promotion at a leading Hong Kong real estate fund manager leads this week’s roundup of people moves from around Asia, with Singapore’s Daiwa House REIT also making the list alongside new appointments at China Jinmao Holdings and Malaysia’s Tower… Read More>>
Office Floor in Singapore’s Chinatown Point Sold For $13M
An office floor in a commercial block within Singapore’s Chinatown area has changed hands for S$17.38 million ($13.2 million) as investors continue snap up bite-sized opportunities in the city’s office market.
Inter-premium Corporation, a Singapore-registered real estate firm, sold the… Read More>>
Alibaba-Led Consortium Gets Nod for Singapore’s Tallest Skyscraper in Tanjong Pagar
Mainland tech giant Alibaba together with consortium partners led by Perennial Holdings are set to build Singapore’s tallest tower after regulators approved their proposal for a 305-metre (1,001-foot) skyscraper in Tanjong Pagar.
In a grant of written permission dated 7… Read More>>
Perennial, Sino Land, Far East JV Buying Singapore’s Golden Mile for $505M
Perennial Holdings has teamed up with Far East Organization 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>>
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