Top level moves in Hong Kong lead this week’s roundup of personnel moves from around Asia with the SAR appointing a new member to the leadership of the Urban Renewal Authority, and top developer New World Development naming a new… Read More>>
China Developer Shares Drop Nearly 10% and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Chinese developer shares dive amid a broader stock rout, a “quadruple whammy” hits Singapore’s new home sales, and an FBI agent gives damning testimony against financier Jho Low in Malaysia’s 1MDB case.
Local Builder Sim Lian Tops Tender for Singapore Residential Site with $255M Bid
Sim Lian Group placed the highest bid for a residential plot near Singapore’s Upper Bukit Timah area, topping a competitive field in a government tender for the suburban site on Tuesday.
Privately-held Sim Lian Land and Sim Lian Development offered… Read More>>
ByteDance Buys 20% Stake in Real Estate Brokerage and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, TikTok maker ByteDance buys into a Beijing-based real estate brokerage, a Singapore-listed REIT picks up three office assets in the western US, and Sydney-based AirTrunk opens its first data centre in the Tokyo… Read More>>
China Pushes Developers to Make Bond Payments and More Asia Real Estate Headlines
The ongoing debt drama of China’s defaulting developers and their anxious creditors entered a new stage this week as the country’s top planning body, the NDRC, has issued a statement pushing companies to pay their offshore bond obligations and better… Read More>>
WeWork Goes Public Via SPAC at $9B Valuation and More Asia Real Estate Headlines
The latest chapter in the WeWork drama is taking place on the New York stock exchange today as the shared office provider goes public through a SPAC arrangement, providing relief for investors who had bought in at valuations of as… Read More>>
IOI Awarded Singapore Marina Bay Site for $1.1B and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Malaysia’s IOI Properties wins the tender for the Marina View white site in Singapore, embattled developer China Evergrande continues to whiff on offshore debt payments, and the Hong Kong government appears set to… Read More>>
Sites in Singapore’s One North Draw Top Range Bids as Housing Market Heats Up
Two lesser-known players in Singapore’s property market have emerged as the top bidders at a tender for a pair of residential sites with commercial elements in the city’s One North new-economy hub.
Bidding for Parcel A, the larger of the… Read More>>
Henderson Land Wins Kowloon Redevelopment Project for $1.04B
Henderson Land Development won a tender for a residential project in Hong Kong’s To Kwa Wan for HK$8.1 billion ($1.04 billion), as the city’s quickening housing market and a newly extended MTR line drive developers to buy up redevelopment sites… 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>>
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