Land deposits lead the way in Mingtiandi’s roundup of real estate headlines today with the news that the Hong Kong Lands Department is doubling deposit requirement on government land sales to HK$50 million ($6.3 million) after a nervous buyer backed… Read More>>
Asia Real Estate People in the News 2019-08-05
In this week’s edition of People in the News, Singapore’s UOL Group has announced that Frasers Hospitality’s former chief executive officer will be taking up a new role at UOL Group subsidiary Pan Pacific Hotels Group, after 23 years with… Read More>>
Luckin Backer Centurium Raises $2B for Debut Fund and More Asia Real Estate Headlines
Coffee leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the backer of a Starbucks competitor has raised $2 billion in its debut private equity fund, which may provide a fresh pot of… Read More>>
Singapore’s UOL Pays S$675.3M to Buy Out Marina Bay Partners
Listed developer UOL and its subsidiary, United Industrial Corp (UIC), have agreed to pay S$675.3 million ($499.26 million) to take 100 percent ownership of the Marina Square shopping centre and the Marina Mandarin hotel in Singapore.
The pair of companies… Read More>>
SHK Could Double Mainland Portfolio and More Asia Real Estate Headlines
Blue-chip Hong Kong developer Sun Hung Kai Properties leads Mingtiandi’s collection of news stories from around Asia today as the company announces that it intends to nearly double its investment portfolio in Mainland China by 2023 on the same day… Read More>>
Mainland Coffee Startup Raises $200M at $2.2B Valuation and More Asia Real Estate Headlines
Starbucks may have a new competitor in the competition to satisfy China’s caffeine addicts after an up and coming mainland coffee shop chain announced today that it had raised another $200 million. Also in the headlines, Savills Investment Management has… Read More>>
Singapore’s UOL Sees Net Profit Slide in Q3 and More Asia Real Estate Headlines
Leading today’s set of real estate headlines from around the region, Singapore’s UOL announced an 85 percent drop in net profit after a recent consolidation, plus the fugitive boss of one of Hong Kong’s largest developers is still free to… Read More>>
Liam Wee Sin to Take Over as Group CEO at Singapore’s UOL
UOL Group Ltd has introduced Liam Wee Sin as the new Group Chief Executive of the Singapore-listed developer, effective 2 January 2019, according to a statement by the company on Friday.
Liam, who has been with the real estate heavyweight… Read More>>
Jin Jiang Said Weighing Bid for HNA’s Radisson Hotels and More Asia Real Estate Headlines
HNA Group jumps back into the region’s real estate headlines today as the Chinese conglomerate tries to shake off its debt hangover with a potential $2 billion sale of Radisson Hotels to Shanghai’s Jin Jiang Group and appoints a new… Read More>>
UOL Continues Hospitality Expansion With $56M Double-Barreled Jakarta Deal
Less than two months after buying a $771 million site in central Singapore, SGX-listed UOL Group has taken its 2018 expansion program to Jakarta by purchasing 180 apartments at the city’s Thamrin Nine development and inking a deal to manage a… Read More>>
