A pair of Chinese developers has placed the highest bid ever for a Singapore real estate project as a joint venture between Logan Properties and Nanshan Group have offered just over S$1 billion ($722 million) for a residential site, according… Read More>>
WeWork (and URWork) Prepare to Battle for Singapore Co-Working Market
Co-working unicorn WeWork is building up a team to bring its shared office platform into Singapore, with mainland competitors URWork and naked Hub also targetting the southeast Asian financial centre.
WeWork is preparing to enter the Singapore co-working space according… Read More>>
Richard Li’s FWD Group Buying 50% Stake in SG Office Building for $424M
A unit of FWD Group, the insurance arm of Richard Li’s Pacific Century Group, has agreed to purchase a 50 percent stake in a Singapore office building from CapitaLand Commercial Trust for S$591.6 million ($424 million), according to an announcement… Read More>>
Shanghai Investors Asking S$210M for SG Tower Just 8 Months After Buying at S$125M
Mainland investors have gained a reputation for paying top dollar for real estate assets around the world, and now a Shanghai developer may be translating this same pricing strategy to its plan for selling an 11-storey office block in downtown… Read More>>
CapitaLand Names Three New CEOs for Singapore’s Largest Real Estate Group
Singapore-based CapitaLand announced five appointments on Tuesday, shaking up their top management in key positions that will take effect on May 1.
Ronald Tay Boon Hwee will be taking over as chief executive officer of CapitaLand Singapore, from outgoing boss Wen… Read More>>
Blackstone and Sime Darby Selling Singapore’s Sime Darby Centre to Tuan Sing for $260M
Singaporean property developer Tuan Sing Holdings has agreed to purchase the Sime Darby Centre commercial building from Stephen Schwarzman’s Blackstone and Malaysia’s Sime Darby Group for S$365 million ($260 million), according to a statement from Tuan Sing to the Singapore… Read More>>
HNA Set to Snatch Up 1.5m SQM of Warehouse Interests in $1b CWT Deal
China’s acquisition-happy HNA has captured global headlines again this week with its S$1.39 billion ($990 million) offer for Singaporean logistics services company CWT. Should the mainland conglomerate succeed in that nearly billion dollar buy, HNA would also instantly make itself… Read More>>
China Overtakes Singapore as Top Investor in Malaysia
China, accounting for 46 percent of total real estate investment in Malaysia over three years, has overtaken Singapore to become Malaysia’s number one investor, according to a new report from Cushman & Wakefield.
Thanks to some aggressive incentives from the… Read More>>
Mapletree Raises $535 Mil for $1.3B Student Housing Trust
After buying up a global portfolio of $1.3 billion in student housing, Singapore’s Mapletree Investments has raised $535 million for a private student accommodation trust, giving institutional investors a stake in its cache of dorms and apartments.
The student housing… Read More>>
CapitaLand and BlackRock Said in Exclusive Talks for Singapore’s Asia Square 2
Singapore’s CapitaLand is in exclusive talks to acquire the 1,220,000 square foot (113,350 square metre) Asia Square Tower 2 in Singapore’s Marina Bay from BlackRock Real Estate Fund III, according to sources familiar with the transaction.
The 46-storey Asia Square Tower… Read More>>
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