Singapore sovereign fund GIC’s investment chief issues a reality check after the US central bank’s half-point rate cut, with that story leading today’s headline roundup. Also in the news, a court orders Chinese developer SRE to sell its stake in… Read More>>
OCBC Sues Over Singapore Money-Laundering Losses and More Asia Real Estate Headlines
Singapore’s high-profile money-laundering case leads today’s headline roundup as OCBC seeks to recoup losses from foreign nationals who bought homes in the city-state. Also on the list, Indonesia’s Sinar Mar enlists Korean investors in a Jakarta data centre project and… Read More>>
Sinar Mas Land Launches Indonesia Biomedical Fund
Sinar Mas Land has introduced a fund to support biomedicine startups, research centres and health technology in the Indonesian builder’s home country.
The real estate division of the Widjaja family’s Sinar Mas conglomerate launched the vehicle this week in support… Read More>>
Hong Kong Faces 25% Slump From Home Price Peak and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, analysts offer a sobering take on Hong Kong’s deepening housing slump, and the billionaire power couple behind Soho China put on a masterclass in wealth preservation.
Hong Kong Home Prices… Read More>>
Widjaja Family Sells Singapore Properties to Mainland Investor for Record Price
A Chinese investor has acquired three strata units in an office building along Singapore’s Scotts Road from a company controlled by Indonesia’s Widjaja family for S$10.1 million ($7.33 million), setting the highest price per unit of area ever recorded for… Read More>>
Singapore Home Sales Doubled in September and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore’s home sales rebound to the second-highest level this year, while Sweden’s EQT completes the acquisition of Hong Kong-based Baring Private Equity Asia. At the same time, Chinese junk bonds set a record… Read More>>
Sinar Mas Selling London Building to Malaysia State-Owned Firm for $292M
Sinar Mas Land continues to trade actively in London’s real estate market, with the Singapore-listed property firm on Wednesday announcing a deal to sell a commercial building near Westminster for £247.5 million ($292.3 million).
The developer controlled by Indonesia’s Widjaja… Read More>>
Indonesia’s Sinar Mas Buying London Building From Landsec for $238M
SGX-listed Sinar Mas Land has rejoined the wave of Asian investment into the UK capital with a deal to buy a central London commercial building for £195 million ($238 million).
The developer controlled by Indonesia’s Widjaja family, which is famed… Read More>>
China’s Zhongliang Seeks Extension on $729M in Bonds and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Zhongliang Holdings has become the latest Chinese developer to seek extension for debt repayment as the property downturn persists in China and investors have deserted the Hong Kong office sector during the first… Read More>>
Indonesia’s Sinar Mas Offloads Building in London’s Soho for $99M
Sinar Mas Land has become the latest Asian investor to make waves in the London real estate market, with the Singapore-listed developer countering a wave of inbound investment with the sale of a freehold office block in Soho.
The company… Read More>>