A unit of China Resources Group has picked up the group’s fifth major Hong Kong property over the past year with its purchase of a shopping complex in the New Territories from mainland investor Hugo Lam Chi-fung for a record… Read More>>
Hongkong Land JV to Build 526 Shanghai Homes After Buying $700M Residential Site
Hongkong Land has teamed up with a state-backed Shenzhen developer and a local government body to take on a new Shanghai residential development after purchasing a Xuhui district site for RMB 4.73 billion ($700 million), despite the headwinds faced by… Read More>>
Set of Heritage Shophouses on Singapore’s Club Street Sell for $18.6M
ABR Holdings is buying a row of heritage commercial buildings on Singapore’s Club Street from entities linked to Citystate Group for a total of S$25.88 million ($18.61 million), according to a joint announcement on Tuesday.
A subsidiary of the SGX-listed… Read More>>
Hong Kong Office Rents Down 2% in Q1 as Banks Cut Back on Space
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.
Asia Real Estate People in the News 2022-04-18
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>>
Tech Tenants Power Singapore CBD Office Rents to Fourth Straight Growth Quarter
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>>
Asia Real Estate People in the News 2022-02-07
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>>
Orchard Towers Owners Said Ready to Set $1.2B Price on Singapore Commercial Project
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 Closes on $201M Buy of WeWork London Asset
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 Acquires Singapore’s Merx Group to Bolster APAC Project Management
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>>
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