Hong Kong has been grabbing headlines for having the world’s most expensive office space, but its competitor to the north may be catching up quickly, as Shanghai is now seeing the sharpest rates of increase in prime office rentals, according… Read More>>
ARA Said Buying 50% Stake in SG’s Capital Square From Alpha
ARA Asset Management is said to have won its bid to purchase a 50 percent stake in Singapore’s Capital Square from Alpha Investment Partners, according to an account in Bloomberg.
No transaction price was disclosed for the 16-story building at… Read More>>
After Nearly 4 Year Market Slide, Singapore Says Property Curbs Here to Stay
Singapore home prices are on the city-state’s longest slide in almost two decades, but the authorities running the country’s economy have no intention of letting up on the restrictions that started taking the air out of a historic pricing bubble… Read More>>
Glorious Property Misses Bond Payment and More China Real Estate Headlines
Leading the news today, troubled Chinese developer Glorious Property has missed a bond payment exactly one year after an early default that was resolved once bondholders got lawyered up. Also in the headlines, Hong Kong homebuilders seem in a hurry… Read More>>
Colliers Adds Colin Clark to Build SG Project Management Team
Colliers International continued to add to its management team in the region this month by bringing engineering veteran Colin Clark on board as head of project management for its Singapore office.
The addition of Clark, who had spent the past… Read More>>
SG and HK Markets Locked in Race to the Bottom Say Experts
Singapore is a prime new investor target, according to two reports from private equity real estate investment firms experienced in the region. But that news isn’t all good for the city-state. The opportunity is present because office and residential prices… Read More>>
Logos Property Buys SG Warehouses in Southeast Asian Push
Ivanhoe Cambridge-backed warehouse developer Logos Property has completed its first acquisitions in southeast Asia by purchasing a pair of logistics facilities in Singapore together with local firm Yang Kee Logistics.
The developer, which already has projects in Australia and China,… Read More>>
BlackRock Confirms Sale of Asia Square Tower 1 for S$3.4Bil
BlackRock has confirmed the sale of Asia Square Tower 1 to the Qatar Investment Authority (QIA) for S$3.4 billion ($2.45 billion). The US alternative investment manager and the Qatari sovereign wealth fund announced the sale in a joint release this… Read More>>
BlackRock Said Selling SG Office Tower to Qataris for Record $2.6Bil
BlackRock is said to be on the cusp of selling Asia Square Tower 1 to the Qatari Investment Authority (QIA) for a record S$3.5 billion ($2.6 billion).
An agreement on the sale of the 1.29 million square foot (120,000 square… Read More>>
Is Li Ka-shing Fleeing Mainland Political Risk for Sunny Singapore?
Li Ka-shing has spent much of the last few years selling off property assets on the mainland and Hong Kong, while simultaneously fending off accusations that he is pessimistic about the outlook for Greater China.
Now Li’s Cheung Kong Property… Read More>>