In today’s roundup of regional news headlines, Chinese developers struggle to sell homes despite the government’s recent relaxation measures, a freehold residential building in Singapore changes hands for $20 million, and listings firm PropertyGuru posts strong revenue growth as profit… Read More>>
Developer Controlled by UOL Chairman Said Buying Singapore Luxury Site for $52M
A private developer owned by the Wee family which controls Singapore’s UOL Group has reportedly added a new luxury site to its pipeline with the purchase of a pair of bungalows in the city’s upscale District 11.
A unit of… Read More>>
Asia Real Estate People in the News 2021-12-13
A wave of end of the year departures fills up our weekly personnel column this week with senior leaders at Frasers Property, Heeton Holdings and UOL Group making way for new faces. There is also a pair of new hires… Read More>>
UOL Group Wins Tender for Bukit Timah Residential Site With $408M Bid
With Singapore’s home prices continuing to climb despite a COVID resurgence, local developer UOL Group seized the chance to replenish its land bank by entering the top bid for a residential redevelopment site in the city-state’s lush Bukit Timah area.
Link REIT Said in Talks for Sydney Assets and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Hong Kong’s Link REIT is reportedly seeking to buy half stakes in three Sydney shopping centres held by Singapore’s GIC, New World Development submits a plan to scrap and rebuild a defective part… Read More>>
Far East Consortium Sells Singapore Project to UOL Group’s Kheng Leong for $158M
Hong Kong-based Far East Consortium has sold a central Singapore apartment building at an 8 percent mark-up after acquiring the 10-storey property from US private equity giant Blackstone three years ago.
FEC offloaded 21 Anderson, a freehold apartment block in… Read More>>
PAG Leads Nearly $6B Pre-IPO Round for Wanda and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, private equity firm PAG reportedly leads a $6 billion funding round for Dalian Wanda Group, a former Hong Kong chief executive picks up a luxury home in Mid-Levels, and Baoneng is the latest… Read More>>
UOL Tops 14 Competing Offers with $287M Bid for Central Singapore Site
A real estate developer controlled by the family behind United Overseas Bank has placed the top bid for a residential site overlooking a set of parks in central Singapore, edging out 14 other contestants including a joint offer by City… Read More>>
Ascendas REIT Buying Brisbane Warehouse for A$70M and More Asia Real Estate Headlines
In this edition of our news roundup, Ascendas REIT sets its sights on an Australian logistics property as its next holding, Keppel Land prepares to divest itself of a London office building, and Swire announces a collaboration with Sino-Ocean on… Read More>>
Hiranandani to Invest in IDC, Industrial Parks and More Asia Real Estate Headlines
In our latest roundup of regional news headlines, one of India’s key property groups says it will spend big to build data centres countrywide, Singaporean developer CDL announces plans for the divestment of a hotel on Malaysia’s Penang island, and… Read More>>
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