In today’s roundup of regional news headlines, sister firms Far East Organization and Sino Group place multiple bids for a Singapore development site, Hongkong Land adds to its pile of sustainability-linked loans, and China’s fresh grads struggle to pay rents… Read More>>
UOL Tops 14 Competing Offers with $287M Bid for Central Singapore Site
A real estate developer controlled by the family behind United Overseas Bank has placed the top bid for a residential site overlooking a set of parks in central Singapore, edging out 14 other contestants including a joint offer by City… Read More>>
CDL JV with Hongkong Land Unit Enters $336M Top Bid for Singapore Residential Plot
A joint venture of City Developments Ltd and Hongkong Land affiliate MCL Land has made the top bid for a residential plot near Singapore’s Little India neighbourhood.
The partnership’s bid of S$445.9 million ($336.2 million) for the 99-year leasehold site… Read More>>
Softbank Expects $6.6B Loss on WeWork and More Asia Real Estate Headlines
Masayoshi Son’s Softbank leads Mingtiandi’s collection of real estate stories today as the Japanese tech investment firm announces that it expects to record a $6.6 billion loss on its gamble on ill-fated co-working provider WeWork.
Also in the headlines, the… Read More>>
Singapore Love Hotel Magnate Buys Club Street Site for Record $415M
A hotel site in Singapore’s Chinatown area sold for a record price per square foot at a government land sale this week, according to an announcement by the Urban Redevelopment Authority, as investors continue to show confidence in the city’s… Read More>>
Singapore Cuts Supply of Fresh Home Sites by 25% for 2019 1H
A set of five fresh residential sites are confirmed to go up for bidding in the first half of next year under Singapore’s land sales program, with the government aiming to fill the lots with a total of 2,025 private… Read More>>
Dr M Says Country Garden Johor Project Can Sell Overseas and More Asia Real Estate Headlines
Overseas buyers of tropical condos in Country Garden’s $100 billion Forest City project in Malaysia no longer need to worry about losing their homes – they just won’t be able to live in them, according to the latest update from… Read More>>
Singapore Government to Boost Private Housing Pipeline By 8,040 More Homes in 2018
Singapore’s government is launching sites that can yield a total of up to 8,040 private residential units in the second half of 2018, keeping pace with new supply in the first half, while ramping up the commercial real estate pipeline… Read More>>
3.7 Hectare Singapore Project Receives Seven Bids
Singapore has closed a tender on one of the largest sites ever marketed by the government, with seven bids received for the commercial-residential property amid healthy sector interest and a spate of land sales.
The 3.73 hectare (9.19 acre) Sengkang… Read More>>
New World, FEC and SC Global in Record $309M Singapore Site Bid
Hong Kong developers New World Development and Far East Consortium have teamed up with their Singapore counterpart SC Global Developments to lodge a record S$410 million ($309 million) bid for a residential site near the city-state’s Orchard Road, according to an… Read More>>
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