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>>
Asia Real Estate People in the News 2018-07-02
The job market for Asia’s real estate professionals remains hot as we enter July with an Ascendas-Singbridge veteran finding a new role with a local developer and a long-time Cushman executive finding a new place in a competitor’s flexible office…. Read More>>
UOL-Led Group Pays $771M for Housing Site Near Downtown Singapore
Singapore-listed property firm UOL Group and its affiliates have won a large residential parcel on Silat Avenue, just south of Singapore’s General Hospital, for S$1.035 billion ($771 million), amid a two-day flurry of major site acquisitions in the city-state.
The… Read More>>
15 Bidders Vie for $759M Site on Singapore’s Holland Road
A public tender for a mixed-use commercial and residential site valued at over S$1 billion ($759 million) in Singapore’s Bukit Timah neighbourhood has drawn 15 bids from a roster of property heavyweights including CapitaLand, UOL Group and Lendlease.
Ten consortia… Read More>>
Vanke Aims to Lead China’s Rental Housing Market and More Asia Real Estate Headlines
It’s a new day in China’s real estate world, as Vanke announces plans to invest in low-yielding home rental projects and their share price surges. Also in the news, Wharf’s spinoff of Hong Kong commercial assets gets a warm welcome… Read More>>
China’s Outbound Property Investment Drops 51% and More Asia Real Estate Headlines
At the top of today’s news, after government authorities hung a few developer skins on the wall the country’s clampdown on outbound real estate deals seems to have had an impact. Meanwhile Wang Jianlin has high hopes for the penthouse… Read More>>
S&P Cuts Wanda Credit Rating to Junk and More Asia Real Estate Headlines
Credit is at the top of the news today as China’s top commercial developer has its paper downgraded to junk status, while Moody’s makes reassuring noises about some of the mainland’s other leading developers, despite a housing slowdown. Further south,… Read More>>
Mainland Builder Sells HK Site to Wang On and More Asia Real Estate Headlines
Chinese developers may be snapping up all of Hong Kong’s residential land on the market this year, but one mainland builder under financial pressure is exiting an investment in the city, as it sells a housing site in Ma On… Read More>>
Perennial Puts Gucci SG HQ on the Market for S$31M and More Asia Real Estate Headlines
Singapore’s commercial market continues to show signs of life this month as one of the country’s biggest real estate investment companies puts a CBD office space up for sale. Also in the headlines, Li Ka-shing is still clarifying his succession… Read More>>
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