China’s challenging real estate markets continue to generate churn this week, with one of the country’s top data centre operators announcing a change in chief executives, and a Shenzhen-based developer continuing to name new directors at some of its largest… Read More>>
Pair of Sites in Singapore’s Lentor Hills Sold for $543M as Bidding Underwhelms
Two land parcels within the new Lentor Hills estate were auctioned off by Singapore’s Urban Redevelopment Authority on Tuesday, with a consortium led by Chinese-owned United Engineers winning the larger of the two residential development sites with a bid of… Read More>>
Blackstone Makes $524.5M Buyout Offer for Singapore’s Soilbuild REIT
As stable becomes sexy in Asia’s real estate markets, Blackstone is teaming up with the family controlling the sponsor of a Singapore-listed REIT for a S$700.3 million ($524.5 million) offer to buy out the industrial real estate trust.
Funds controlled… Read More>>
Soilbuild JV Braves Virus Scare to Buy Discounted US Hotels for $477M
A joint venture between Singapore-listed Soilbuild Construction Group and iProsperity, an asset manager which manages funds for Chinese high net worth individuals, has acquired a portfolio of US boutique hotels at a discount, braving the coronavirus crisis for the chance… Read More>>
Knight Frank Singapore Names Former Soilbuild CEO to Investment Team
Knight Frank Singapore has appointed the former head of a Singapore-listed construction firm as a senior member of its investment services team in the city state, according to a press release from the company.
Daniel Ding, former CEO of Soilbuild… Read More>>
GIC Leads $500M Vietnam Retail Investment and More Asia Real Estate Headlines
An investment Vietnam’s jump from wet markets to superstores leads today’s set of real estate headlines from around Asia as Singapore’s sovereign wealth fund leads a $500 million deal bet on a retail platform set up by Vingroup. South Korea’s… Read More>>
Dr M Takes Aim at Country Garden Johor Project and More Asia Real Estate Headlines
Pushback against a mainland-led investment boom plays into a number of stories dominating Asia’s real estate markets today, as decision-makers in Malaysia, Australia and New Zealand struggle to manage an influx of Chinese capital into their housing and commercial markets…. Read More>>