Mall rents in Singapore’s famed Orchard Road shopping area inched up by 1.3 percent in the third quarter from the preceding three months on the back of a rebound in travel and the ongoing rejuvenation in the area.
Average passing… Read More>>
Oxford, Ivanhoe, KIC, Savills See Singapore, India as Top Investment Destinations
With interest rates on the rise, trades of income earning real estate assets fell 61 percent in Australia this year and 57 percent in South Korea, with Singapore suffering less of a slowdown with a 29 percent drop, according… Read More>>
Savills’ Galven Tan to Join Knight Frank Singapore as CEO
Veteran investment broker Galven Tan has agreed to join Knight Frank in Singapore as the property consultancy’s chief executive, according to an announcement today, ending a four-year stint at Savills.
Since joining Savills from CBRE in 2019, Tan has advised… Read More>>
China’s Wanda Renegotiating $4B in Pre-IPO Funding and More Asia Real Estate Headlines
China’s Dalian Wanda Group saw its application for a Hong Kong IPO lapse for a fourth time last week, and the company’s attempt to renegotiate $4 billion in pre-IPO financing leads our headline roundup today. Also in the news, China… Read More>>
Asia Real Estate People in the News 2023-09-11
A board reshuffle at a Singapore-listed data centre REIT leads this week’s collection of personnel moves in Asia’s real estate industry, as Digital Core REIT names a new chairman and CFO. Adding to the turnover this week is a director… Read More>>
Shipping Firm IMC Buys Office Floor Near Singapore’s Orchard Road for $18M
An investment company which controls one of Asia’s largest family-owned shipping firms has snapped up an office floor near Singapore’s Orchard Road for S$24 million ($17.7 million) as the city-state’s strata office market continues to gather steam.
IMC Group, founded… Read More>>
Asia Real Estate People in the News 2023-07-31
A new hire at a top US fund manager and an upgrade at one of Canada’s largest pension fund managers lead this week’s survey of personnel moves around Asia’s real estate industry, with a Beijing-based data centre operator and a… Read More>>
HSBC Raises Hong Kong Prime Rate After Fed Hike and More Asia Real Estate Headlines
The rising price of borrowing leads today’s roundup of regional real estate news as Hong Kong’s largest bank raises interest rates to a 16-year high. Also in the headlines today, a pair of shophouses has changed hands in Singapore’s Serangoon… Read More>>
Singapore Posts World’s Second Fastest Growth in Luxury Residential Rents
Singapore’s luxury housing market continued to record some of the world’s steepest increases in rental rates during the first half of this year, as wealthy foreigners flow into the Southeast Asia financial haven, according to a recent report by Savills.
Asia Real Estate People in the News 2023-07-17
A senior Singapore investment executive leads this week’s round of personnel moves from around the region with a potential shift from the financial to the political realms. Also making the list, a Shenzhen developer gives his son an upgrade and… Read More>>
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