Singapore’s asset hungry investors lead today’s digest of real estate news from around the region, as a REIT set up to invest in US real estate assets completes $143 million in equity fund raising to fuel its acquisitions.
The collapse… Read More>>
Singapore Could See 10% Home Price Boom and More Asia Real Estate Headlines
Leading today’s Asia news roundup, Credit Suisse and Morgan Stanley project that Singapore home prices could rise by as much as eight or ten percent in 2018, as the city-state rebounds from a nearly four-year housing slump. Also in the… Read More>>
State-Owned Shanghai Giant Teams Up with Toll Bros on $323M NYC Condo Project
The Shanghai government-owned firm best known for developing China’s tallest building is partnering with US luxury home builder Toll Brothers on a $323 million, 19-storey condo project in lower Manhattan.
NYSE-listed Toll Brothers announced last week that its urban development… Read More>>
Morgan Stanley Says China Outbound Deals Could Plunge 84% and More Asia Real Estate Headlines
At the top of today’s news, investment bank Morgan Stanley foresees an 84 percent plunge in Chinese outbound real estate investment this year, amid a widening crackdown on debt-fueled foreign acquisitions that has brought corporate giants like Anbang and… Read More>>
Shanghai’s SMI, NY’s Extell Confirm $3B NYC Project
Shanghai Municipal Investment (SMI), the state-run infrastructure firm best known for developing China’s tallest building, has confirmed a $3 billion joint venture with New York’s Extell Development to build a 95-storey tower on Manhattan’s Billionaire’s Row.
In a joint announcement… Read More>>
Shanghai Tower Developer Said to Invest in $2.98B NYC Project
Shanghai Municipal Investment (SMI), the developer of the 128-storey Shanghai Tower, is said to be partnering with New York’s Extell Development on a $2.98 billion project in Manhattan.
Documents filed in Delaware, and reported by The Real Deal, indicate that… Read More>>