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>>
ARA Sells Six Floors in SG’s Suntec City to Alpha for S$160M
ARA Asset Management on Thursday announced the sale of six office floors in Suntec City to Alpha Investment Partners, a subsidiary of Keppel Capital, for S$160 million ($117.8 million), in one of Singapore’s most expensive office sales in the past… Read More>>
CBRE Reshuffles SE Asia Management Team Amid Global Restructuring
Real estate consultancy CBRE on Tuesday announced a reshuffle of its top leadership in Southeast Asia, as the firm shakes up its ranks in response to a global corporate restructuring first announced late last year.
Pauline Goh, who has served… Read More>>
JustCo and Trive Ventures Launch Singapore Startup Incubator in Marina Bay
GIC-backed coworking provider JustCo and Singapore-based venture capital investment firm Trive Ventures are teaming up to launch a startup incubation programme that provides a communal home for fast-growing new companies in central Singapore, according to a joint statement released by… Read More>>
Singapore’s OUE Puts LA Tower on the Market for $700M
The US division of Singaporean developer OUE has put US Bank Tower, the second tallest building in Los Angeles, on the market for a reported $700 million in a deal which, if concluded at the asking rate, would be the… Read More>>
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