Singapore’s HPL leads today’s property headlines as it seeks to sell majority stakes in two Orchard Road assets. Also in the news, Hong Kong’s Law Society snaps up a floor at The Center for half off, Macquarie raises $711 million… Read More>>
Singapore’s Metro, Sim Lian Buy Sydney Tower From Hong Kong Toy King for $132M
The Australia joint venture of Singapore builders Metro Holdings and Sim Lian Group has acquired a downtown Sydney office tower from Early Light International, the Hong Kong firm controlled by toy tycoon Francis Choi, for A$196.4 million ($132 million).
Metro… Read More>>
Creditors of China’s Kaisa Could Face 95% Loss and More Asia Real Estate Headlines
A pioneer of Chinese developer defaults is said to be warning that creditors would lose 95 percent of their money if the company is liquidated, with that story leading today’s collection of real estate headlines from around the region. Also… Read More>>
Sim Lian Places Tops Bid For Singapore Residential Site With $626M Bargain Offer
Local private developer Sim Lian Group placed the higher of just two bids for a residential plot on Jalan Tembusu in eastern Singapore at S$828.8 million ($625.5 million), in a government land sale that drew weaker than expected interest from… Read More>>
Nearly Half of Singapore Condo Project Sold on Launch Day
Sim Lian Group sold nearly half of a 386-unit condo project in Singapore’s Bukit Panjang area on its launch day this past weekend, as residents and investors continued to show an appetite for new homes in the city-state.
Despite rising… Read More>>
WeWork Still Waiting to Turn a Profit After Q4 Miss and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, WeWork reports a quarterly loss nearly $200 million greater than what analysts predicted as the flexible office giant’s long-promised profitability remains far off.
WeWork Misses Analyst Views With $527M Q4… Read More>>
Metro-Backed Vehicles Bag 4 UK Student Housing Assets, Aussie Mall for $144M
A fund backed by Singaporean property group Metro Holdings has added four more UK student housing assets to its portfolio, while a Metro joint venture with Lion City builder Sim Lian Group has become the latest Asian buyer of an… Read More>>
Local Builder Sim Lian Tops Tender for Singapore Residential Site with $255M Bid
Sim Lian Group placed the highest bid for a residential plot near Singapore’s Upper Bukit Timah area, topping a competitive field in a government tender for the suburban site on Tuesday.
Privately-held Sim Lian Land and Sim Lian Development offered… Read More>>
SG’s Metro Invests A$96M in Aussie Properties and More Asia Real Estate Headlines
An Aussie real estate portfolio leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a Singapore department store operator and retail developer has agreed to take a 20 percent interest in four office… Read More>>
Tahoe Sells Jiangxi Stake to Shimao to Beat Bond Deadline and More Asia Real Estate Headlines
Financial drama leads the real estate news from China today as Tahoe Group announces the sale of another project stake to Shimao in its race to meet a Thursday deadline for repaying investors in a RMB 3 billion bond.
In… Read More>>