Asia real estate and outbound investment news
The manager of Frasers Centrepoint Trust and its sponsor, Singapore-listed property developer Frasers Property, have teamed up to acquire a 50 percent stake in the largest mall in northeast Singapore from Mercatus Co-operative Ltd for S$652.5 million ($497 million).
FCT’s… Read More>>
A union affiliated with Singapore’s National Trades Union Congress (NTUC) has purchased a block of six shophouses along Serangoon Road for S$62.5 million ($47.65 million), according to public records seen by Mingtiandi.
The row of two-storey freehold properties at 322-332… Read More>>
Kingsford Development has teamed up with a unit of state-owned conglomerate Metallurgy Corporation of China, to sign a deal for Singapore’s largest en bloc sale so far this year after making a S$890 million ($637.2 million) offer.
A notice sent… Read More>>
In today’s roundup of regional news headlines, China’s Zhenro Properties is set for another offshore bond default, the property arm of Hong Kong’s Nan Hai suspends all staff for six months amid financial woes, and a pair of Singapore condo… Read More>>
Homeowners in a condo complex near Singapore’s Ang Mo Kio area are making their second attempt at collective sale in four months as investors remain confident in developer demand for land despite cooling measures introduced in December.
“We are reasonably… Read More>>
