Singapore-based Sun Venture is aiming for a record price for a set of strata floors in the city’s urban core as investor demand returns to the financial hub.
The investment manager has put up for sale floors nine and 10… Read More>>
CDL Steps Up SG Redevelopment Projects as Profit Falls 99%
Real estate giant City Developments Ltd (CDL) is stepping up plans to redevelop its older commercial buildings in Singapore’s central business district after the COVID-19 pandemic dragged the group’s net profit in the first six months of the year.
CDL… Read More>>
Singapore Office Building Selling for S$500M, 34% Over Valuation
Tuan Sing Holdings has agreed to sell the Robinson Point office building near Singapore’s Raffles Place central business district for S$500 million ($364.2 million), or 34 percent over the property’s book value, notching an above market deal after real estate… Read More>>
Netease Founder Buys Elon Musk’s $29M Mansion and More Asia Real Estate Headlines
The founder of one of China’s earliest tech giants will soon be moving into the place formerly held by Tesla founder/business celebrity Elon Musk, according to news out of Los Angeles’ posh Bel-Air neighbourhood this past week.
Also in Mingtiandi’s… Read More>>
S&P Says Hong Kong Hotels May Face 50% Fall in Revenues and More Asia Real Estate Headlines
Collapsing hotel bookings lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that hoteliers in Hong Kong could see their revenues halved, according to ratings agency S&P, as visitors stay away from the… Read More>>
HK’s Swire Properties Expands into Indonesia and More Asia Real Estate Headlines
A Hong Kong-listed developer leads the way in Mingtiandi’s roundup of real estate headlines today with news that the company is making its first foray into Indonesia as protesters storm government buildings in its home city.
Elsewhere in Southeast Asia,… Read More>>
Hong Kong Office Rents Set to Slide as SG Market Keeps Climbing
Rents in the world’s costliest office market, Hong Kong, may fall for the first time in four years during 2019, as a tanking stock market, rising interest rates and the US-China trade war weigh on sentiment in the financial hub,… Read More>>
