Despite government support for the housing market, China’s home prices continued their decline in February, with that story leading Mingtiandi’s headline roundup today. Also making the list, family-run Gaw Capital targets logistics in Vietnam and Mexico and Hong Kong’s housing… Read More>>
Asia Real Estate People in the News 2024-03-04
A new chairman for one of Singapore’s largest developers leads this week’s review of personnel moves in Asia’s real estate industry, as a dynasty moves into a new generation. Also in the news is a future CEO for an Indian… Read More>>
Hotel Sale Lifts Singapore’s UOL to 44% Profit Spike as Development Revenue Weakens
Singapore developer UOL Group’s 2023 attributable profit jumped 44 percent to S$707.7 million ($527 million), boosted by an October hotel disposal.
The profit surge was propelled by a gain of S$442.3 million from the sale of the Parkroyal on Kitchener… Read More>>
UOL Awarded Singapore Orchard Boulevard Site and More Asia Real Estate Headlines
A luxury residential tender in Singapore leads today’s roundup of headlines from around the region, with UOL Group winning a site on Orchard Boulevard for $319 million. Also in the news, Brookfield is said to be taking some cash out… Read More>>
UOL Chairman Wee Cho Yaw Dies at 95
UOL Group announced on Saturday that its chairman, Wee Cho Yaw, passed away at the age of 95. Wee, who also served as chairman emeritus of Singapore financial giant UOB, had run UOL since 1973 and helmed the bank controlled… Read More>>
UOL Places $319M Top Bid for Luxury Residential Site Near Singapore’s Orchard Road
A UOL Group joint venture has submitted the S$428.3 million ($319.3 million) top bid for a residential site in Singapore’s Orchard area, with the price per square foot of the future luxury project falling nearly a third short of the… Read More>>
PGIM Keen on Australian Rental Housing and More Asia Real Estate Headlines
PGIM leads today’s collection of real estate headlines as the asset management giant talks up plans to boost its investments in Australian rental housing. Also in the news, a UOL-SingLand joint venture sells out over half of a posh new… Read More>>
Hong Kong Banks Struggle to Sell Foreclosed Homes and More Asia Real Estate Headlines
Hong Kong’s sliding residential market leads today’s collection of real estate headlines, with banks in Asia’s most expensive housing market struggling to find buyers for foreclosed properties. Also making the list is a UOL residential project in Singapore and an… Read More>>
Vietnam Says Van Thinh Phat Committed $1.2B Fraud and More Asia Real Estate Headlines
The scam that brought down Vietnam’s real estate market leads today’s collection of headlines from around the region, with police in Southeast Asia’s fastest-growing economy giving an update on the Van Thinh Phat saga. Also in the news, Evergrande resumes… Read More>>
CDL, UOL Report First-Half Profit Drops as Investment Gains Dry Up
City Developments Ltd and UOL Group posted first-half profit declines as a lack of large investment gains hit the bottom line at the Singapore-listed builders.
At CDL, net profit after tax and non-controlling interest plunged to S$66.5 million ($49 million)… Read More>>
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