United Overseas Bank Ltd (UOB) expects to invest at least S$500 million ($375.3 million) to build a new global technology and innovation centre in an upcoming smart district in northeastern Singapore’s Punggol area as part of the local banking giant’s… Read More>>
UOB Aims to Buy Out HK$10B Loan for Shimao Kowloon Project
After suing troubled mainland builder Shimao Group Holdings in July over an overdue debt linked to a Hong Kong residential project, Singapore’s United Overseas Bank Ltd (UOB) has settled its dispute with the defaulting developer at the same time it… Read More>>
BPEA, Angelo Gordon SG Deals Stall and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, two Singapore property deals collapse during due diligence, five private equity firms are reportedly shortlisted to bid for data centre operator Global Switch, and the State Council assigns RMB 1 trillion to boost… Read More>>
Record Number of HK Buyers Abandon Home Purchases and More Asia Real Estate Headlines
In Mingtiandi’s latest roundup of regional news headlines, Hong Kong homebuyers are walking away from deals at a record clip, Chinese online property platform KE raises $2.1 billion in a share sale, and a Chinese investment group withdraws its bid… Read More>>
ARA, Chelsfield Get S$385.8M Green Loan for SG Project and More Asia Real Estate Headlines
In today’s edition of our regional news roundup, a pair of fund managers clinch a green loan to finance the purchase and revamp of a Singapore building, Amazon pleads for a probe into what it calls insider trading by India’s… Read More>>
Korea’s SK Sells 4.6% Stake in ESR for $408M and More Asia Real Estate Headlines
An early investor in one of Asia’s largest logistics developers leads today’s real estate headlines from around the region with news that the South Korean company has wheeled some $408 million in cash out of its pre-IPO investment in… Read More>>
Korean Investors Back $247M Dallas Warehouse Buy and More Asia Real Estate Headlines
Leading Asia’s real estate headlines today, a Korean investor consortium has teamed up with a US private equity firm to buy a warehouse complex near Dallas for $247 million and Singapore’s latest housing stats show prices holding steady as transaction… Read More>>
Hony’s $1.2B Buy of SF’s Oceanwide Centre Delayed and More Asia Real Estate Headlines
The ongoing struggles of China’s Oceanwide Holdings lead today’s real estate headlines as the cash-strapped developer’s deal to sell off a San Francisco development project gets extended to 30 September.
Also in the news, Frasers Group has taken another step… Read More>>
Chinese Gamblers Boost Manila Property Market and More Asia Real Estate Headlines
Leading today’s roundup, Philippine President Rodgrigo Duterte has opened the gates for offshore gambling operations and the result has been a Chinese-fuelled run on Manila property. And with casinos already firmly established in Singapore, the city-state’s residents are now continuing… Read More>>