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URA chief executive officer Lim Eng Hwee

Singapore Home Sales Plunge 83% in December, Full-Year Tally Hits 15-Year Low

2024/01/15 by Beatrice Laforga Leave a Comment

Singapore new private home sales plunged 83 percent to 135 units in December from the 784 units transacted the previous month, posting the lowest monthly sales recorded in the city-state since the 2007-08 global financial crisis.

The year-end holidays and… Read More>>

Anthony Boyd

Frasers Property Appoints Group COO, Asia Emerging Markets CEO Amid Stock Slide

2024/01/15 by Kevin He Leave a Comment

Frasers Property has elevated Anthony Boyd, who currently serves as chief executive of the Singapore-listed developer and investor’s Australia business, to the newly created role of group chief operating officer as part of a broader leadership shuffle at both the… Read More>>

Doug Adams NTT

NTT Opens 22MW Data Centre at Second Campus in India’s Noida

2024/01/15 by Christopher Caillavet Leave a Comment

NTT Ltd has launched its second data centre campus in India’s National Capital Region, with the company completing delivery of a 22.4-megawatt facility as the first stage of the complex in Noida.

Dubbed Noida 2, the 6 acre (2.4 hectare)… Read More>>

kei hoi pang Logan

Mainland Developer Logan’s Restructuring Hits Snag and More Asia Real Estate Headlines

2024/01/15 by Ponrath Sopannarath Leave a Comment

Logan Group leads today’s collection of headlines from around the region as the bank creditors threatened to liquidate two key units. Also in the news, India’s Phoenix Mills shelves plans to foray into warehousing properties and Hong Kong builders face… Read More>>

Christina Tan of Keppel

Keppel Buys Singapore Commercial Complex for $262M on Behalf of PGGM Fund

2024/01/08 by Beatrice Laforga Leave a Comment

Keppel Ltd announced on Monday that it has purchased a commercial complex in Singapore’s Selegie district on behalf of Dutch pension fund and asset manager PGGM for S$348 million ($262 million), confirming earlier media accounts.

The firm formerly known as… Read More>>

Wilson Chen, Tishman Speyer China CEO

Tishman Speyer Fund Buying Shanghai Holiday Inn Express for $50M

2024/01/08 by Kevin He Leave a Comment

An investment fund managed by Manhattan-based developer and investor Tishman Speyer has agreed to acquire a majority stake in a hotel in northeastern Shanghai’s Yangpu district, with the property set to be renovated into serviced apartments operated by Singapore’s Frasers… Read More>>

Sanghwoi Bae, CEO of ESR Kendall Square REIT

ESR Kendall Square REIT Eyes Disposals as Korea Logistics Market Matures

2024/01/08 by Kevin He Leave a Comment

Korean real estate investment trust ESR Kendall Square REIT has identified up to five assets for potential sale this year as Korea’s industrial property market begins to normalise following a surge in supply during the pandemic, according to EKSR chief… Read More>>

Liu Yongzhuo Evergrande

Evergrande NEV Director Arrested for ‘Illegal Crimes’ After Share Deal Collapse

2024/01/08 by Christopher Caillavet Leave a Comment

The spectre of “illegal crimes” haunts China Evergrande once again, with authorities reportedly detaining an executive director of the troubled developer’s electric car unit.

Evergrande New Energy Vehicle “has learned that its executive director Mr Liu Yongzhuo has been detained… Read More>>

HSBC AM Promotes Michael Cross to Chief Investment Officer for Asia

2024/01/08 by Christopher Caillavet Leave a Comment

HSBC Asset Management has promoted Michael Cross to chief investment officer for Asia, with the longtime executive shifting from London to the UK finance giant’s Hong Kong office.

The new role is an expansion of Cross’s continuing commitment as global… Read More>>

Beh Siew Kim of Ascott

Gaw Capital Sells Singapore’s Hotel G to CapitaLand’s Ascott for $180M

2024/01/07 by Michael Cole Leave a Comment

Gaw Capital Partners has completed the sale of the Hotel G in Singapore to an entity controlled by CapitaLand Group, according to corporate records filed with local authorities.

A special purpose vehicle which holds the 308-key budget hostelry now lists… Read More>>

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