CapitaLand capitalises on hotel boom with 40pc premium sale
JAPAN’S strong tourism sector has driven CapitaLand Ascott Trust to sell a Kyoto hotel for a significant premium of over 40.1%. CLAS has sold the Citadines Karasuma-Gojo Kyoto hotel for…
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Kuok group snares Singapore Mall
ALLGREEN Properties has made a further play into retail market by purchasing the Seletar Mall in Singapore's northern neighbourhood area for USD $412 million. Allgreen, owned by billionaire developer Robert…
China’s second largest developer in talks for bailout
CHINA'S state-owned banks are reportedly making moves to bail out the country's second-biggest property developer China Vanke after Moody’s downgraded its credit rating to “junk”, as the country’s real estate…
Troubled Chinese property companies face strict consequences
THE official voice of the Central Committee of the Chinese Communist Party (CCP) has told troubled property companies to get out of the way and stop impacting the health of China’s…
Hong Kong residential set for further falls in 2024
HONG KONG residential property prices are set to be smashed by more than 10% in 2024, according to Savills. Savills Global Residential Director Jelena Cvjetkovic said the World Cities 20sav24…
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