Singapore’s Fortuna Hotel Put Up for Sale at S$98.8M
Fortuna Hotel, a 106-key hotel next to Farrer Park MRT Station has been put up for sale at a guide price of S$98.8 million reflecting S$932,000 per… Read More>>
HK Developers Cut Prices by 20% to Lure Back Buyers and More Asia Real Estate Headlines
Hong Kong home sales lead the way in Mingtiandi’s roundup of Asia real estate headlines today as developers take drastic measures to lure reluctant buyers back to the market, with some slashing prices by up to 20 percent, while a… Read More>>
BlackRock Boosts Role of APAC Chief and More Asia Real Estate News
Asset managers, co-workers and smart phone makers all find their way into Asia’s top real estate stories today with news of New York-based BlackRock delegating more authority to its local team in Asia landing at the top of Mingtiandi’s list… Read More>>
Lei Jun-Backed Rental Housing Operator Yujian Can’t Pay Landlords, Warned by Bank
China’s long-term rental housing market hits the headlines again a Yujian Apartment, a startup backed by Xiaomi founder Lei Jun this week received debt payment notices from a major bank, and is said to owe back rent to its landlords.
Wheelock Wins Bid to Privatise SG Unit and More Asia Real Estate Headlines
Hong Kong’s Wheelock Properties has crossed the finish line in its bid to privatise its Singapore-listed subsidiary, less than three months after offering to buy out the underperforming stock. Meanwhile up in China, the battle for a slice of the… Read More>>
HNA to Develop Kai Tak Site Alone and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, HNA said it would not partner with Sun Hung Kai Properties to develop the site in former Kai Tak airport. Also in the headlines, Henderson Land paid HK$2.5 billion as land premium for… Read More>>
Wang On Said Buying Pokfulam Project for HK$900M and More Hong Kong Real Estate Headlines
Hong Kong’s property market continues its hot streak in the new year with Wang On and Sun Hung Kai each reportedly buying new assets during the first week of 2018. Henderson Land is also in a buying mood as it… Read More>>
GIC Leads Race to Buy Stake in Indian Developer and More Asia Real Estate Headlines
Singapore’s sovereign wealth fund is said to be leading the race to buy a 40 percent stake in an Indian commercial developer for around $1.8 billion, while elsewhere in the headlines Dalian Wanda returns to its hometown in China’s frozen… Read More>>
Xiaomi Plans 1,000 Mainland Stores and More Asia Real Estate Headlines
Xiaomi, the Chinese phone maker that built its reputation via online-only sales, may give a boost to physical retail by opening 1,000 new shops on the mainland. Also in the news, GIC and CPPIB could lead the bidding for a… Read More>>
Leighton-CSCEC JV Wins $1.2B HK Tunnel Deal and More Asia Real Estate Headlines
An Australian-Chinese joint venture has won a long-delayed contract to build a new tunnel in Hong Kong, the world’s biggest warehouse builder is seeking $302 million in new funding for its mainland branch, and officials in China’s Zhejiang province are… Read More>>