Hong Kong’s biggest developer by value leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the company’s hotels business took a pounding in the second half of last year, with the group’s chairman… Read More>>
SPH Buying Canadian Senior Living Properties for C$233M
Singapore Press Holdings has made its second overseas investment in senior living facilities this week as the media and property conglomerate announced today that it has agreed to pay C$232.9 million ($176.6 million) to acquire a set of Canadian properties.
HK Cosmetics Chain Sa Sa Axes Jobs, Slashes Salaries and More Asia Real Estate Headlines
A cash-strapped beauty products retailer leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the Hong Kong-listed chain has axed 75 jobs and slashed salaries by up to 40 percent in the city.
GIC Invests in $1.3B Angelo Gordon NYC Project and More Asia Real Estate Headlines
Singapore’s $100 billion sovereign wealth fund leads today’s real estate headlines from around Asia as GIC picks up an unspecified stake in a $1.3 billion Angelo Gordon project in Brooklyn.
Empty shopping malls also make the news with some of… Read More>>
Frasers Buys Manager of Singapore Mall Properties From PGIM
Frasers Property announced today that it has agreed to buy the property manager of a Singapore commercial real estate portfolio, picking up the company from PGIM for an undisclosed amount.
The sale of AsiaMalls Management Pte Ltd by the real… Read More>>
Phoenix Sells Singapore Shophouses to Aberdeen Standard for S$54M
Phoenix Property Investors has disposed of a row of shophouses in Singapore’s Chinatown for S$54 million ($39 million), according to Aberdeen Standard Investments (ASI), which purchased the historically preserved buildings.
The asset management arm of London-listed Standard Life Aberdeen confirmed… Read More>>
HK Home Sales Could Drop 80% Amid Virus Scare and More Asia Real Estate Headlines
Hong Kong leads the way in Mingtiandi’s roundup of Asia real estate headlines today with news that the coronavirus is expected to shrink home sales in February by between 50 percent and 80 percent, according to analysts.
In other news… Read More>>
CBRE Names Stuart McCann Head of International Capital for Pacific and SE Asia
CBRE has brought on board Stuart McCann to head the firm’s international capital team for Pacific and Southeast Asia, according to an announcement by the NYSE-listed property services company.
McCann will assume the newly created role on 3 February after… Read More>>
Ikea Shuts Down China Shops Amid Virus Fears and More Asia Real Estate Headlines
Ready-to-assemble furniture leads the way in Mingtiandi’s roundup of Asia real estate headlines with the news that the world’s largest retailer of flat-packed tables and chairs has temporarily closed all of its stores in China amid the coronavirus outbreak.
In… Read More>>
CapitaLand Group Proposes $6.1B Merger of Office, Retail REITs
Just one year after CapitaLand began its S$11 billion acquisition of Ascendas-Singbridge, Southeast Asia’s largest real estate group has proposed to merge a pair of commercial real estate investment trusts in a S$8.27 billion ($6.13 billion) cash-and-stock deal.
In a… Read More>>
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