After swinging to a loss of RMB 486 million ($66.5 million) in the first half of 2024, SGX-listed mainland developer Yanlord Land is marketing a half-stake in a commercial project in Singapore’s Tanjong Pagar area for S$325 million ($240.1 million).
Robert Kuok’s Allgreen Completes $410M Purchase of Singapore’s Seletar Mall
Robert Kuok’s Allgreen Properties has completed its S$550 million ($410 million) purchase of the Seletar Mall in northeastern Singapore from a joint venture of Cuscaden Peak and United Engineers Ltd (UEL), the companies announced Thursday.
Allgreen, the Singapore property development… Read More>>
Robert Kuok’s Allgreen in Talks to Buy Suburban Singapore Mall for $387M
A Singapore developer controlled by the family of Shangri-La Hotel founder Robert Kuok is in talks to acquire a shopping centre in northeastern Singapore from a joint venture between Temasek Holdings-backed Cuscaden Peak and Yanlord Land’s United Engineers Ltd (UEL)… 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>>
GuocoLand, Hong Leong JV Buys Chongqing Resi Site for RMB 1.68B and More Asia Real Estate Headlines
A joint venture between a pair of Singapore-listed companies leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the allied companies have purchased a residential plot in mainland China for $240 million, just… Read More>>
WeWork Expected to Cut at Least 4,000 Staff This Week and More Asia Real Estate Headlines
The ongoing travails of WeWork lead Mingtiandi’s roundup of Asia real estate headlines today with the news that the shared office giant plans to cut at least a third of its 12,000 person team.
Also in the news, a Singapore… Read More>>
HK Hotel Room Rates Plunge 46% As Vacancy Soars and More Asia Real Estate Headlines
Discounted room rates lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that Hong Kong’s hotels are suffering as visitors stay away from the teargas-filled Asian financial hub.
In other news around the region,… Read More>>
Yanlord Land Offers to Buy Out United Engineers in S$1.7B Deal
Shanghai-based Yanlord Land Group is making a mandatory cash offer for United Engineers Limited in a deal that values the century-old property company at S$1.7 billion ($1.25 billion).
The developer chaired by mainland native Zhong Sheng Jian, who is also… Read More>>
WeWork Suing URWork Over Trademark and More Asia Real Estate Headlines
The gloves have come off in the fight for dominance of the shared office market as US co-working champion WeWork takes a swing at Chinese challenger URWork over an oddly similar moniker. Also in the news today, BlackRock unloads its… Read More>>
HNA Financing Costs Outstrip Earnings and More Asia Real Estate Headlines
One of China’s biggest deal makers is back in the news today as HNA Group, reveals that its borrowing costs outstrip its earnings, at the same time that the hazily owned conglomerate sues a rogue Chinese businessman in New York…. Read More>>