ChatGPT launched in November last year and by January the AI-powered software had become the fastest-growing consumer software application in history, according to figures from UBS, with the rapid adoption of the program raising fresh interest in applying artificial intelligence… Read More>>
IWG Takes Over Last Ucommune Space in Hong Kong as Four Centres Open
Flexible office giant IWG is adding four new centres in Hong Kong after taking over the last location in the city of a one-time Chinese rival to WeWork and launching three new locations on Hong Kong Island.
IWG last month… Read More>>
Singapore URA Adding Sites to Housing Master Plan and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, the Singapore government seeks to beef up public housing supply in an eastern neighbourhood of the island, and Aussie developer Lendlease secures the backing of Japan’s Daiwa House for a build-to-rent project in… Read More>>
SingHaiyi Katong Project Over Half-Sold in Singapore’s Biggest Launch Since 2021
SingHaiyi Group’s Grand Dunman mega development sold more than 520 of its 1,008 residential units at the weekend, the most for any Singapore project launch in over two years.
The city-fringe condo project along Katong’s Dunman Road in the upmarket… Read More>>
Chindata Draws $3.4B Rival Bid From China Merchants After Bain Offer
A little over a month after hearing a takeover offer from Bain Capital, Chindata Group Holdings has received a rival proposal from state-backed China Merchants Capital representing a 15 percent premium to Bain’s privatisation bid.
CMC is making a non-binding… Read More>>
Singapore’s First Housing Launches of Second-Half Meet Cooler Buyer Reception
After Singapore home prices dropped for the first time in over three years during the second quarter, the first major project launches of 2023’s second half met with cooler responses from homebuyers facing new prospects for housing choice in what… Read More>>
Hong Kong Eases Down-Payment Rules to Rouse Sleepy Housing Market
Hong Kong’s central bank late Friday eased down-payment requirements for some home purchases, aiming to reboot the weak housing market after a prior relaxation of stress-testing rules failed to foster a sustained turnaround.
For residential properties for self-occupation, the new… Read More>>
Blackstone Said Targeting ESR-PIMCO India Sheds and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, private equity giant Blackstone reportedly enters the highest bid for the ESR-Allianz platform of eight warehouses in India, Tokyo makes a belated splash in the ultra-luxury housing market, and Chinese developer Kaisa faces… Read More>>
Value Partners Buying $30M Half-Stake in Italian Logistics Portfolio From Cromwell
Australia’s Cromwell Property Group has agreed to a joint venture with Value Partners Group that will see the Hong Kong-based asset manager acquire a 50 percent stake in Cromwell’s portfolio of seven logistics assets in northern Italy.
The sale is… Read More>>
Singapore Private Home Prices Fall for First Time in More Than Three Years
Singapore’s price index for private residential properties fell 0.4 percent in the April-June quarter compared with the first three months of the year, marking the first decline since the first quarter of 2020, according to the Urban Redevelopment Authority’s flash… Read More>>
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