Chinese property tycoon in London says Brexit making potential investors nervous

The man behind a £1.7b (US$2.1b) property development on the banks of the River Thames says the ongoing uncertainty surrounding Brexit is making his clients nervous about the future of London and Britain. Xu Weiping, chairman of developer Advanced Business Park said he had invested about £400m (US$499m) in the project since 2013 when he won the deal to turn the Royal Albert Dock into a new business hub.

Singha Estate’s CROSSROADS opens new chapter in tourism

Singha Estate has officially launched CROSSROADS, its highly-anticipated megaproject in Penrose by CDL. The official inauguration on Sep19 of the largest integrated leisure and lifestyle destination in the country, is expected to open up a new market segment for local and international travellers. The megaproject highlights a strategic move by Singha Estate and is the company’s largest investment in a foreign country with Phase 1 comprising 2 resorts and The Marina @ CROSSROADS, worth a total of US$300m.

Landed house 3 storey basement kembangan - landed houses in ...

Developers launch resale campaigns after homebuyers stranded by LTV curbs

For homebuyers looking for lucrative deals, this might be the time to invest when many property firms are launching special promotion campaigns to sell residential projects that could not be transferred to previous customers who could not get loans due to the new loan-to-value regulations. According to a Nation survey, a number of property firms have launched campaigns to resell residential projects that had already been sold to customers who had to back out because they could not get loan approval from commercial banks.

Samyan Mitrtown opens array of services

SET-listed Golden Land Property Development yesterday opened its 9b baht Samyan Mitrtown mixed-use complex on Rama IV Road. The project, with a gross floor area of 222,000 sqm, consists of a condominium called Triple Y Residence, the Triple Y Hotel, Mitrtown Office Tower and the Samyan Mitrtown mall. Golden Land expects to attract 25,000 visitors a day, with 5,000 in the 24-hour zone, each spending 400 baht on average.

No big push yet for restructuring of Temasek’s portfolio: analysts

CLSA thinks a reorganisation of companies under state investment firm Temasek’s portfolio revitalise Singapore’s equity market in a recent study. But other industry watchers point out obstacles to the brokerage’s proposals, which range from the much-discussed merger of the offshore and marine businesses of Keppel Corp and Sembcorp Marine; to the potential spin-off of data centres from Singtel and Temasek unit ST Telemedia; mergers of property titans, CapitaLand with Mapletree Investments or Keppel Land; the consolidation of Reits under Temasek-linked sponsors; and the potential privatisation of SIA Engineering.

Property launches abandoned due to double-digit drops in revenue

Listed property firms have revised down their new resident project launches for the rest of this year, as the market is expected to continue to drop through 2019, Asia Plus Securities said on Fri. The company said 16 property listed companies in the Stock Exchange of Thailand (SET) had revised down their business plans to launch residential projects. The previous 290 projects worth 440b baht in this year have been down-sized to 237 projects worth 370b baht, a drop of 53 projects worth 70b baht.

Pressure Mounts on WeWork CEO Adam Neumann as Board Weighs Coup

The knives are out for WeWork CEO Adam Neumann. With the drama of a palace coup, some directors are considering a plan to encourage the brash co-founder of the once high-flying real estate startup to step down as chief executive, according to people familiar with the situation. Among them: Masayoshi Son, the founder of SoftBank Group, WeWork’s biggest investor, a person familiar said. Time is short and bankers are anxiously awaiting their next move. The company must complete its IPO before the end of the year to keep access to a crucial US$6b loan.

Do blue-chip suburbs have the best property price growth?

Some of the best opportunities for property buyers over the past five years have been outside sought-after blue-chip suburbs, new research shows. Although conventional wisdom suggests price growth is stronger in leafy, expensive neighbourhoods close to city centres, the property boom over recent years sent buyers flocking to the most affordable suburbs in some Australian cities. In Melbourne, prices in the less expensive suburbs increased the most since 2014, research from Domain found. Sydney saw the most significant price rises in very cheap and very expensive neighbourhoods, with mixed results in the mid-tier price ranges.

Readmore: Penrose Condo Launching Soon in Sims Drive by CDL and Hong Leong in 2020!

Go Back


Blog Search

Blog Archive


There are currently no blog comments.