In today’s roundup of real estate news from around the region, Goodman Group’s boss warns that debt-laden private equity data centre operators face a wave of consolidation, Blackstone moves to exit Australian retail with a deal to sell a Melbourne… Read More>>
Shun Tak Director and Casino Heiress Maisy Ho Passes Away at 59
Maisy Ho Chiu-ha, an executive director of Hong Kong conglomerate Shun Tak Holdings and daughter of the late Macau casino magnate Stanley Ho, died on 12 April after a long battle with breast cancer.
“We regretfully share that our beloved… Read More>>
Shanghai Office Rents Dipped in Q3 as Lockdown Impact Lingers
Office rents in Shanghai’s key business districts edged downwards in the third quarter as landlords become more flexible on pricing in a market struggling to recover from months of Covid lockdowns.
Occupiers leased 104,000 square metres (1.12 million square feet)… Read More>>
Shun Tak Said to Forfeit Singapore Condo Project as Stamp Duty Bites
Introduced just one week ago, Singapore’s residential cooling measures may have already frozen one project to death, with a report emerging today that Shun Tak Holdings has forfeited its S$556.7 million ($407.5 million) purchase of the High Point condo complex… Read More>>
Shun Tak Adds $407.5M Luxury Site to Growing Singapore Portfolio
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>>
Digital Realty Weighs $300M Singapore Trust IPO and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, US-based Digital Realty reportedly considers a trust IPO in Singapore, casino giant Las Vegas Sands is hit with a $12 billion lawsuit in Macau, and ESG-linked borrowing soars to a record high in… Read More>>
New World Sells Off Shun Tak Centre Stake, Happy Valley Apartments for HK$3.6B
Hong Kong’s New World Development this week announced a pair of asset disposals with the development giant taking in HK$3.6 billion ($460 million) from the sale of properties in its home town.
The pair of divestments… Read More>>
Casino Magnate Stanley Ho Dies at 98
Gambling and property magnate Stanley Ho, whose lavish lifestyle and series of marriages had earned him celebrity status in Hong Kong, passed away yesterday at the age of 98, according to an announcement by the family.
The “King of Gambling”,… Read More>>
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>>
Shun Tak Ventures Into Singapore Residential With $444M Dual Site Buy
Casino tycoon Stanley Ho’s Shun Tak Holdings has paid S$593.5 million ($444 million) for a pair of luxury residential plots near Singapore’s Orchard Road shopping district, marking the company’s first foray into the residential market in the Southeast Asian city-state.