Hong Kong property and retail tycoon Henry Cheng Kar-shun says he is still looking for a successor to run the family’s business and did not rule out selecting an external candidate, throwing into question the role of his eldest son,… Read More>>
Hong Kong Residential Tender Failures in Past 22 Months Surpass 2015-2021 Total
The number of failed residential development tenders in Hong Kong over the last 22 months has surpassed that of the previous seven years, according to a report by consultancy JLL.
The government has withdrawn four residential sites from tenders since… Read More>>
Singapore’s CDL Boosts UK Residential Portfolio with London, Manchester Projects
Singapore property giant City Developments Limited (CDL) has expanded its bets on UK residential with the acquisition of a condo-led mixed use project in London and a rental apartment project in Manchester.
A joint venture between CDL and UK developer… Read More>>
GIC Ties Up With Australia’s RAM for Healthcare Real Estate JV Down Under
Australian investment manager Real Asset Management (RAM) has launched a healthcare-focused property fund in a joint venture with an unnamed partner understood to be Singaporean sovereign fund GIC.
The RAM Australia Healthcare Opportunity Fund (HOF) will build a “low risk,… Read More>>
SC Capital, Gaw, Muzinich, Patrizia See Potential for APAC Private Credit at Singapore Forum
Higher interest rates have challenged risk assumptions and valuation drivers in the real estate industry, driving investors in private credit strategies in Asia Pacific to become more cautious in their underwriting when pursuing private credit opportunities in Asia’s real… Read More>>
Warburg Pincus, BW and NWP Report Strong Industrial Markets in Vietnam, Indonesia
Supply chain shifts are presenting opportunities in Southeast Asian logistics properties as manufacturing and consumption growth drive demand for sheds, factories, and logistics properties, according to a panel of top executives speaking at Mingtiandi’s second Singapore Focus Forum on… Read More>>
MTR Plot Draws No Bids in Hong Kong’s Second Failed Land Sale in Under Two Weeks
Hong Kong’s MTR Corporation failed to receive a bid by the close of a tender for a residential and retail project near Hong Kong’s International Airport this past week, marking the city’s second failed land sale this month.
Despite receiving… Read More>>
CapitaLand Investment Revenue Dips in 2023 YTD, Lodging Fee Income Jumps
Singaporean real estate investment manager CapitaLand Investment (CLI) posted a 3 percent year-on-year dip in revenue for the nine months ending in September, with growth in its fee-earning business partially offsetting declining performance in the real estate investment business, according… Read More>>
Link REIT Grows Revenue 11.3% in 2023 1H
Hong Kong’s Link REIT recorded year-on-year revenue growth of 11.3 percent for the six months ending in September, driven by robust performance in its Hong Kong and overseas retail portfolio, according to interim financial results released by the trust on… Read More>>
Schroders, Dash Living Tie Up to Buy Tokyo Residential Property
A joint venture between Asian serviced rental housing provider Dash Living and British investment manager Schroders has acquired the Palms Ryogoku, a 49-key multi-family residential asset in Tokyo, for an undisclosed sum as its first investment.
The acquisition marks London-based… Read More>>