Cryptocurrency has begun to show its real-world utility as demand for office space from start-ups dealing in bitcoin, NFT and blockchain is helping to offset downsizing from multinational banks and other traditional occupiers in Hong Kong, according to Savills research.
A top level change at Hong Kong developer Chinachem leads Mingtiandi’s roundup of personnel moves this week as the privately held builder announces the departure of its managing director of real estate. Also witnessing director departures this week are Hong… Read More>>
Singapore saw office rents across its central business district rise by 2.3 percent in the first quarter to post the market’s fastest growth rate since 2021, with industry analysts projecting a continued upswing this year as the city-state gains in… Read More>>
Top level moves in Hong Kong and Singapore lead this week’s collection of personnel changes around the region, including a new boss at Champion REIT and a former Keppel REIT chief resurfacing at competitor CapitaLand.
We also… Read More>>
The proposed collective sale of one of Singapore’s most infamous centres of sin is ready to take a step forward with owners of units in Orchard Towers reportedly set to vote on a recommended reserve price of S$1.6 billion ($1.2… Read More>>
Singapore’s Sun Venture has completed its acquisition of a freehold office building in central London from WeWork Capital Advisors for £148 million ($201 million), keeping up a string of acquisitions by Asian investors that helped drive a record 15 trades… Read More>>
Savills has acquired Singapore-based Merx Group for an undisclosed amount in a bid to strengthen the property services firm’s project management capabilities across Asia Pacific.
The pick-up adds Merx’s crew of 50 project management professionals to Savills’ regional offering, with… Read More>>
Hong Kong’s Shun Tak Holdings has picked up a residential site near Singapore’s posh Orchard Road shopping district for S$556.7 million ($407.5 million) as it readies another upscale residential development amid growing demand for premium homes.
The company founded by… Read More>>
A residential development project in eastern Singapore’s Paya Lebar area has sold by public tender for S$815 million ($600.2 million), marking the city-state’s biggest land deal of the year and signalling confidence in the housing market after new-home sales rebounded… Read More>>
Top level private equity appointments lead Mingtiandi’s roundup of personnel moves this week with KKR’s former Asia leader stepping up to co-CEO at the New York giant, and a fund manager from Boston has named a Japan boss as it… Read More>>