Shangri-La Group reported attributable net profit of $184.1 million for 2023, reversing three consecutive years of losses as the luxury hotel owner and operator benefited from the lifting of pandemic travel restrictions in mainland China and Hong Kong, its two… Read More>>
Ontario Teachers to Double Singapore Staff and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a Canadian pension fund giant eyes a major staffing increase in Singapore, where yet another condo has been relaunched for collective sale, this time at an expansive site in Serangoon Gardens.
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Shangri-La CEO Lim Beng Chee to Retire at Year-End
Shangri-La Asia has announced the retirement of chief executive Lim Beng Chee, as C-suite turnover continues at the hospitality firm controlled by the family of billionaire Robert Kuok.
Lim will step down from his roles as executive director and CEO… Read More>>
Blackstone Said Aiming for $500M India Mall IPO and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, private equity giant Blackstone reportedly seeks a $500 million IPO of its India mall portfolio, Hong Kong home prices fall as interest rates creep higher, and two high-rise towers near New Delhi are… Read More>>
Asia Real Estate People in the News 2022-08-15
Senior personnel changes in Korea, Hong Kong and Singapore lead Mingtiandi’s roundup of HR moves from around the region this week, starting with the selection of a new chief investment officer at South Korea’s sovereign wealth fund. Also making the… Read More>>
DBS to Cut Global Office Footprint by 20% and More Asia Real Estate Headlines
Asia’s path out of the pandemic continues to bring a set of mixed real estate headlines as we enter May, with Hong Kong’s housing market showing signs of a resurgence as Singapore’s biggest bank announces plans to cut its office… Read More>>
Evergrande to Raise $2.1B for E-Commerce Site and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, mainland developer Evergrande looks to raise $2.1 billion ahead of an IPO for its online marketplace arm, Singapore-listed Ascendas India Trust will spend $198 million to acquire a pair of Bangalore buildings, and… Read More>>
Investigation Finds Luckin Coffee Faked $310M in Sales and More Asia Real Estate Headlines
Greater China’s shopping situation was messy in the first quarter but Q2 might be on its way to surpassing the record retail wreckage of the first three months of 2020, as Luckin Coffee suspends its COO after an internal investigation… Read More>>
Rents Slide 15% in World’s Priciest Retail Market and More Asia Real Estate Headlines
Hong Kong’s economic hardships lead the news again today with a global property agency reporting that retail rents in the city dropped by 15 percent in the second half of 2019. Also in the headlines, one of India’s largest developers… Read More>>
Asia Real Estate People in the News 2019-07-22
In this week’s edition of People in the News, Indian billionaire property tycoon Niranjan Hiranandani has decided to pass on the baton to his 36-year-old son, Darshan Hiranandani, naming him as the group chief executive officer of Hiranandani Group.
In… Read More>>