Asia Pacific real estate investment news and information
An entity linked to Singapore-based data centre developer and operator BDx has acquired an industrial building that houses the company’s sole data centre in the city-state from Hwa Hong Corp for an estimated S$140 million ($104 million).
After operating a… Read More>>
Keppel Ltd on Monday announced the structural completion of Keppel DC Singapore 8 as the developer’s latest data centre asset.
The purpose-built, carrier-neutral co-location facility is the second of three planned complexes within the Keppel Data Centre Campus at 82… Read More>>
Seletar Mall in northeastern Singapore has moved one step closer to new ownership after SGX-listed Paragon REIT declined to buy the asset for S$550 million ($409 million), paving the way for its potential acquisition by Robert Kuok’s Allgreen Properties.
The… Read More>>
CapitaLand Investment’s attributable profit fell 79 percent to S$181 million ($134.5 million) in 2023, pressured by a second-half loss of S$170 million stemming from markdowns on the Singapore-listed fund manager’s global portfolio.
The firm last year felt the impact of… Read More>>
Singapore’s City Developments Ltd reported a 75.3 percent drop in attributable profit to S$317.3 million ($235.7 million) for 2023, even as the first-half completion of a residential project helped revenue reach an all-time high.
The profit plunge was due to… Read More>>
JLL has named Tim Graham as global lead of international and strategic capital for its capital markets division, an appointment described by the property consultancy as affirming Asian capital and assets being “front and center of the global conversation.”
Graham,… Read More>>
Singapore-listed developer Ho Bee Land has swung to the red in 2023 with an attributable net loss of S$259.8 million, as fair value losses on its London investment properties and higher interest expenses dented the company’s profitability.
The company’s loss… Read More>>
Singapore developer UOL Group’s 2023 attributable profit jumped 44 percent to S$707.7 million ($527 million), boosted by an October hotel disposal.
The profit surge was propelled by a gain of S$442.3 million from the sale of the Parkroyal on Kitchener… Read More>>
A luxury condominium site in Singapore’s Holland Village area which could bring offers as high as S$1 billion ($740 million) has been launched for sale as developers pull back from pricey housing plots in the face of slower home sales… Read More>>
Singapore’s The Assembly Place continues to ramp up its presence in the city-state’s rental residential market with joint ventures backed by the co-living investor and operator winning government contracts to renovate and manage three hostels for healthcare workers.
Together with… Read More>>
