Singapore’s luxury housing market continued to record some of the world’s steepest increases in rental rates during the first half of this year, as wealthy foreigners flow into the Southeast Asia financial haven, according to a recent report by Savills.
Asia Real Estate People in the News 2023-07-17
A senior Singapore investment executive leads this week’s round of personnel moves from around the region with a potential shift from the financial to the political realms. Also making the list, a Shenzhen developer gives his son an upgrade and… Read More>>
TE Capital, LaSalle Near Sell-Out of Cecil Street Office Project in Singapore
TE Capital and LaSalle Investment Management are close to selling two-thirds of their joint venture office project on Cecil Street in under five months as investors continue to buy up floors in the freehold project in Singapore’s central business district.
Cheung Kei Tycoon’s Seized Mid-Levels Apartment Up for Tender Sale
A luxury apartment in Hong Kong’s Mid-Levels area is up for sale after it was seized from Shenzhen tycoon Chen Hongtian in March.
The fifth-floor luxury unit at Opus Hong Kong on Stubbs Road is being sold by receivers via… Read More>>
Resilient Singapore Office Sector Lifts OUE C-REIT’s Net Property Income by 18% in Q1
OUE Commercial REIT saw its net property income surge by 18 percent year on year to reach S$56.6 million ($42.62 million) in the first quarter on the back of resilient Singapore office rents and the relaunch of its flagship hotel… Read More>>
Singapore Investment Volume More Than Doubles in Q1 as Mall Deals Lend Weight
First-quarter deal volume in Singapore’s real estate market more than doubled to S$5.63 billion (now $4.2 billion) compared with the previous three months, boosted by a trio of retail disposals by Mercatus Co-operative, according to Savills.
Mercatus, the property arm… Read More>>
Cecil Street Project Sets Singapore Price Record as 3 Floors Sell for $122M
A local company has set a new Singapore price record with the purchase of a trio of office floors in Solitaire on Cecil, an office project being developed by TE Capital and LaSalle Investment Management near the Raffles Place commercial… Read More>>
Jardine Matheson Underlying Earnings Climb 5% and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Hong Kong’s Jardine Matheson reports improved underlying earnings, and US private equity giant Blackstone reportedly defaults on a euro-denominated commercial mortgage-backed security.
Jardine Matheson Posts Higher Underlying Earnings, Eyes Beefed-Up… Read More>>
China Unveils Pilot Scheme for Real Estate Private Equity Funds
Chinese regulators said they will allow the creation of real estate private equity funds under a pilot programme to boost developer financing, as the government continues to roll out measures to stabilize the country’s flagging property sector.
The new scheme,… Read More>>
Savills Appoints Annie Woo to Roll Out Integrated Advisory Service in Asia
Savills has named Annie Woo as its regional director and head of integrated real estate advisory services for Asia, based in Singapore.
IREAS is a new Savills service line dedicated to a wide spectrum of urban development and optimisation advisory… Read More>>
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