Oxley Holdings has appointed new consultants to find a fresh buyer for its Novotel and Mercure hotels on Stevens Road after a previous suitor was found to have breached the terms of a letter of intent for purchase of the… Read More>>
Frasers Group Paying S$601M to Boost Stake in PGIM SE Asia Retail Fund to 67%
Frasers Property Ltd and Frasers Centrepoint Trust, a REIT managed by a unit of the Singapore-listed developer, are together acquiring an additional 31.66 percent stake in a PGIM retail real estate fund that owns a set of suburban Singaporean malls,… Read More>>
Tencent Said Vying to Buy $3B Watsons Stake and More Asia Real Estate Headlines
Retail leads the way today in Mingtiandi’s collection of real estate news from around the region, as the parent company of China’s ubiquitous WeChat app is said to be aiming for a $3 billion stake in Li Ka-shing’s Watsons chain,… Read More>>
AEW Said to Make S$1B Bid for Chevron House at Raffles Place
Oxley Holdings announced late Thursday that it has received an unsolicited expression of interest in the amount of S$1.025 billion ($758 million) for the Chevron House building at Raffles Place, exactly one year after the Singapore-listed developer completed its purchase… Read More>>
Lippo’s Retail REIT to Buy Jakarta Mall for $262M and More Asia Real Estate Headlines
Shopping centres seem to be swinging back into style with investors and a story on Indonesia’s Lippo Group preparing to sell a Jakarta mall leads Mingtiandi’s set of real estate headlines from around the region today. There’s also signs of… Read More>>
SC Capital Buys Singapore Shopping Mall From AEW for S$230M
SC Capital Partners has agreed to purchase a community shopping centre in northeastern Singapore from a fund managed by AEW for S$230 million ($169.53 million), according to sources familiar with the transaction who spoke with Mingtiandi.
Singapore-based SC Capital, which… Read More>>
Shenzhen Lowers Mortgage Rates and More Asia Real Estate Headlines
Banks just across the border from Hong Kong have started lowering mortgage rates as quantitative easing starts seeping in China’s residential markets offering developers hope of a recovery after a year of tight monetary policy. Further south, the tiny city-state… Read More>>
WeWork Unveils Tenth Singapore Outlet — And It Has a Pool
WeWork announced on Tuesday the official opening of its tenth location in Singapore, at 380 Jalan Besar in the city’s Kallang area.
The new outlet will be located in the mixed-use complex ARC 380 near Farrer Park and will have… Read More>>
Singapore Condo Owners Try Again for Collective Sales and More Asia Real Estate Headlines
Sales of new condos continue to slide in Singapore, but home owners in a pair of major projects in the city-state are still trying for collective sales of their homes, with one complex making its fifth attempt to find a… Read More>>
Frasers Property Buys Stake in PGIM SE Asia Retail Fund for S$356M
Frasers Property announced on Monday that it has agreed to acquire a 17.8 percent stake in a retail real estate fund managed by UK real estate investment manager PGIM for S$356.4 million ($262.7 million).
The deal would give Frasers, which… Read More>>
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