SG Roundup: SeD, GIC, Frasers Hospitality

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The latest in realty deals saw Singapore firms expanded their presence to US and China, while state fund GIC has cashed out its investment in Indonesia. Singapore eDevelopment to invest $15.65 m in second US property project SGX-listed Singapore eDevelopment (SeD) said it is acquiring a 197-acre land sub-division development… Read more »

Visual from the Frasers Hospitality website

Ayala Land raises $356m in private placement 

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Ayala Corporation, the Philippines-based conglomerate, disclosed on Monday that a successful private placement was made by its real estate arm Ayala Land Inc (ALI), through which the realty firm raised $356 million (P16 billion). Ayala assisted its real estate unit in raising funds through a placement of 484,848,500 common shares at… Read more »


Thailand’s CYBER to invest in Japanese realty

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Cyberplanet Interactive Plc (CYBER), Thailand’s listed investment holding in real estate and power industry, is exploring the possibility of developing a property project in Niseko city in Hokkaido, Japan, a top executive in the company told reporters. After having done a survey in many cities in Japan, it found that… Read more »


FLC buys realty projects for $286m in 2014

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A series of successful acquisitions have helped FLC Group enlarge its investment portfolio and become a big name in the Vietnamese real estate market within a year. Last month, FLC announced that it had take over the 41-storey, multi-use development, the Lavender project that has a building complex with four underground levels,… Read more »


Hanwha to invest $150m in Myanmar realty

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South Korea’s Hanwha Corp is seeking to establish its footprint in Myanmar’s real estate and construction industry, while also tapping the Southeast Asian nation’s booming manufacturing, trading and agriculture sectors. The South Korean conglomerate has already received approval from the Yangon City Development Committee (YCDC) for its first real estate… Read more »


GIC puts Westin Sydney for sale

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Singapore’s sovereign wealth fund, Government of Singapore Investment Corp (GIC) has put five-star hotel it Australia, Westin Sydney on the market and hopes to raise over $4000 million from the same. According to a report in The Australian, this is the latest in a series of hotel deals in the… Read more »


Myanmar’s Golden City launches 2nd phase

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Golden City, a real estate development project by Singapore-based Uni Global Power (UGP), announced that it has opened the second phase of its flagship project in Yangon, Myanmar The 33-storey Golden City Project Phase-II includes residential units, hotel, office spaces, serviced apartment and shopping centre, interior decorations and French-styled gardens…. Read more »


SG Roundup: Failed realty deals 

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Singapore’s real estate industry ended the year 2014 with a couple of failed realty deals, involving Celestine Management’s failed attempt to buy Second Chance Properties and the dissolution of stake in Epic Land by joint investors –Lian Beng Group, KSH Holdings, and KOP Limited. Celistine Management, Second Chance Properties deal… Read more »


Chinese investors flock Thai real estate

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The development of AEC (ASEAN Economic Community) is bringing in more than regional co-operation to the SEA (Southeast Asia); for Thailand, it is bringing in some heavy duty Chinese investment, especially in the real estate sector. Thailand is seeing large numbers of Chinese investment in the real estate sector; the Chinese have become one of… Read more »


IPC Corp sells 2 Japan hotels for $29.6m

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Singapore listed IPC Corporation Ltd has sold two hotels in Sapporo (Japan) for 2.69 billion yen (S$29.6 million) to GK Sapporo Holdings Tokumei Kumiai. GK Sapporo Holdings Tokumei Kumiai, a wholly owned subsidiary of the Ichigo Group Holdings (which is listed on Tokyo’s Jasdaq market and manages the Ichigo REIT),… Read more »