Asia real estate and outbound investment news
Singapore’s CapitaLand announced early Monday that it had agreed to buy a controlling stake owned by Temasek Holdings in fellow government-backed developer Ascendas-Singbridge in a deal which would value the target company at S$11 billion ($8.13 billion).
CapitaLand has agreed… Read More>>
Oxley Holdings Ltd is on its way to selling a pair of hotels on Stevens Road, just near Singapore’s Orchard Road shopping district, for a combined S$950 million ($702 million), according to an announcement by the developer to the city’s… Read More>>
Less than two weeks after agreeing to purchase a home at Hong Kong’s Victoria Peak for HK$721.88 ($92.1 million), an unnamed buyer has walked away from the deal, forfeiting a HK$36 million deposit, according to Hong Kong public records.
The… Read More>>
Ascott Residence Trust has sold the Ascott Raffles Place Singapore to a local private investor for S$353.3 million, according to a filing by the REIT’s manager to the Singapore Exchange last week, parting with one of the most recognisable properties in the… Read More>>
Gaw Capital Partners has made its second Shanghai office acquisition in less than a month and a half, buying a set of four grade A office buildings in the Hongqiao area for a price reported to be close to RMB… Read More>>
CapitaLand has formed a 50:50 joint venture with US real estate private equity firm AEW to acquire 70 percent of the Pufa Tower in Shanghai’s Lujiazui financial district from a vehicle controlled by HNA Group for RMB 2.75 billion ($402… Read More>>
A joint venture between ARA Asset Management and Chelsfield Asia has purchased the Manulife Centre on Singapore’s Bras Basah Road for S$555.5 million ($408.8 million), according to statements released late Friday.
Singapore-based ARA and Chelsfield, the Asian arm of a… Read More>>
Carnival Group International Holdings has agreed to sell a low-density residential project on the south side of Hong Kong Island for HK$1.86 billion ($237 million), according to a Hong Kong Stock Exchange filing, bringing the tourism-focused developer a 43 percent capital… Read More>>
China’s deleveraging campaign gave investors in China’s property market more opportunities to make deals this past year, according to Alvin Yip, president of capital markets for Greater China at Cushman & Wakefield, whose team handled 33 percent more real estate… Read More>>
It’s a new year already, but China’s housing regulators have reaffirmed their intention to keep a tight grip on the country’s housing market, as the second-largest city in Hunan province made a quick about-face after attempting to lift a cap… Read More>>
