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>>
SPH Takes 20% Stake in Prime US REIT Manager and More Asia Real Estate Headlines
A Singapore-listed real estate investment trust leads Mingtiandi’s roundup of real estate headlines today with the news that the kingpin of the city state’s newspaper business has taken a 20 percent stake in the REIT’s manager.
Also in the news,… Read More>>
Perennial and SPH Sell Singapore Mall to Mitsubishi-CLSA Fund in S$520M Deal
Singapore’s Perennial Real Estate Holdings and a consortium of investors including Singapore Press Holdings (SPH) have agreed to sell a retail complex in the city’s Chinatown precinct for S$520 million ($383.28 million), the listed companies announced on Monday.
Under the… Read More>>
Singapore CBD Office Rents Jump Nearly 15% and More Asia Real Estate Headlines
Singapore jumps to the top of Asia’s real estate headlines today as a new report shows office rents rising nearly 15 percent in Southeast Asia’s financial capital, and a major Singaporean developer makes news as its net profit falls by… Read More>>
Blackstone Buys 50% Stake in Sydney Complex From PAG and More Asia Real Estate Headlines
Real estate investors across Asia seemed in a hurry to finish their Christmas shopping this past week with Blackstone closing a pair of deals in Sydney and India’s national capital region to go with a Shanghai acquisition and Singaporean investors… Read More>>
WeWork Opening in Manila, HCMC and More Asia Real Estate Headlines
Flexible office phenomenon WeWork hits the headlines again today as the co-working pioneer announces impending openings in a pair of new Southeast Asian markets – the Philippines and Vietnam. Also in the news, Chinese gadget maker Xiaomi has decided to… Read More>>
SG’s Perennial Plans RMB 2.7B Tianjin Project and More Asia Real Estate Headlines
The mainland real estate market is showing signs of a slowdown but that hasn’t kept Singapore’s Perennial Real Estate from making headlines this week with plans for a RMB 2.7 billion project next to a Tianjin high-speed rail station. More… Read More>>