Hotels and co-living have been gaining attention around the region as competition heats up in more mainstream real estate sectors, a trend which may be reflected in the top level appointments which lead Mingtiandi’s collection of people on the move… Read More>>
CBRE Vows to Hire 3,000 India Staff This Year and More Asia Real Estate Headlines
Real estate services leads Mingtiandi’s roundup of headlines from around the region today as agency giant CBRE announces plans to hire 3,000 new staff in India this year, after revenues grew 20 percent last year. In line with the real… Read More>>
WeWork Unveils Tenth Singapore Outlet — And It Has a Pool
WeWork announced on Tuesday the official opening of its tenth location in Singapore, at 380 Jalan Besar in the city’s Kallang area.
The new outlet will be located in the mixed-use complex ARC 380 near Farrer Park and will have… Read More>>
SHK Could Double Mainland Portfolio and More Asia Real Estate Headlines
Blue-chip Hong Kong developer Sun Hung Kai Properties leads Mingtiandi’s collection of news stories from around Asia today as the company announces that it intends to nearly double its investment portfolio in Mainland China by 2023 on the same day… Read More>>
Macau Investor Tries for 23% Mark-Up One Year After Buying on Sheung Wan Building
A consortium of Macao businesses is reportedly putting the Bonham Circus building in Sheung Wan on the market for HK$2.1 billion, a 23 percent premium over the price they paid for the property just one year ago.
Reports of an… Read More>>
WeWork Teams with Gemdale for Shenzhen Project and Adds New China Partner
China state-owned Gemdale Properties and Investment has handed over one of its own co-working facilities to WeWork for conversion into a new centre for the co-working giant, as the two companies enter a revenue sharing agreement, according to a statement… Read More>>
WeWork CEO Said Making Millions Leasing Buildings to WeWork
WeWork lost $723 million in the first half of 2018, but the company’s largest shareholder still found a way to profit from the company’s business of signing long-term leases with landlords and subleasing rooms, desks and sofas to co-workers, according… Read More>>
Beijing Backs Off on Price Caps as Homes Go Unsold and More Asia Real Estate Headlines
More cracks began to show in China’s clampdown on housing prices as authorities in the nation’s capital put up for sale a pair of housing sites without capping the price at which winning bidders are allowed to sell finished homes…. Read More>>
WeWork May Pay $1B to Buy Out India JV Partner and More Asia Real Estate Headlines
Shared space giant The We Company brought in $2 billion in fresh cash this week, but already $1 billion of that may be on its way out the door, as the New York-based firm formerly known as WeWork seeks to… Read More>>
SoftBank Cuts Planned $16B Investment in WeWork by 88%
Tech investor Softbank has agreed to invest a fresh $2 billion in the shared space giant formerly known as WeWork, according to an announcement on Tuesday by the co-working pioneer.
The new investment represents around 12 percent of the $16… Read More>>
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