CapitaLand forms JV with Thien Duc to develop $150m residential project in Vietnam

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Singapore-headquartered real estate major CapitaLand, through its wholly owned subsidiary – CapitaLand (Vietnam) Holdings – has entered a joint venture in Vietnam to develop its seventh residential project worth $150 million in the country. The Singapore-listed firm’s subsidiary has entered into an 80:20 joint venture with Thien Duc Trading-Construction Company to… Read more »

Chiwayland China unit to sell 4% stake in subsidiary

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Chiwayland International Limited has announced that its mainland China unit, a wholly-owned subsidiary operating as Suzhou Chiwayland Group (SCG), has entered into a share purchase agreement to sell 4 per cent of its equity stake in Suzhou Xingshang Tiandi Real Estate (SXTRE) to Beijing Chance Capital Management. SXTRE is an indirect subsidiary… Read more »


SG Realty Dealbook: Joo Chiat shophouses on the block; Superbowl Jurong up for sale

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Singapore firms are seeking to sell off their properties with a row of Joo Chiat shophouses up for sale. The owners are expecting bids up to $14 million, as well as deciding on the tenure. SuperBowl Jurong is also up for sale for $20 million. New owners will be able… Read more »


India: Real estate player VBHC may raise $20m from Tano Capital, Ambit to fund ongoing and new projects

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VBHC Value Homes Pvt. Ltd (VBHC) is raising almost $20 million (approximately Rs.133 crore) from private equity (PE) fund Tano Capital and Ambit Corporate Finance Pvt. Ltd, two people aware of the development said. The deal values the firm—co-founded by Jerry Rao, founder of software services firm Mphasis Corp.—at close… Read more »


India: Poonawalla’s $113m Lincoln House deal shows sluggishness in Mumbai property market

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Indian billionnaire Cyrus Poonawalla paid a whopping Rs 750 crore ($113 million) for Lincoln House, a Breach Candy property which was put up for sale by the United States Consulate. However, that is Rs 100 crore ($15 million) less than its reserve listing price in 2011, an indicator that big-ticket properties… Read more »


India: Leela hotels in Goa, Chennai up for sale

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At least five top international private equity firms, family offices and endowment funds are in the race to buy hospitality group Hotel Leelaventure Ltd’s five-star hotels in Goa and Chennai. Two persons, including one who is directly familiar with the negotiations, confirmed this, adding that the sale of the two… Read more »


Indonesia realty Dealbook : Astra’s Anandamaya and Intiland launch luxury real estate projects, MNC-Trump JV resort to be completed by 2019

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Indonesian property firm seem intent on the opportunities offered by the growing luxury real estate market in the country.PT Brahmayasa Bahtera, a unit of conglomerate firm PT Astra International Tbk (ASII) and property firm PT Intiland Development Tbk (DILD) launched an upsale property project in Jakarta and Surabaya. While publicly listed developer PT… Read more »


Singapore’s CDL Hospitality Trusts to acquire UK hotel for $96m

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CDL Hospitality Trusts (CDLHT) has announced its foray into the European hospitality space by acquiring a refurbished hotel in Cambridge, UK, for a consideration of S$136 million (US$96 million). Through its UK unit, CDL HBT Cambridge City (UK), the trust has entered a share purchase agreement to indirectly purchase Cambridge City Hotel, via… Read more »


India Realty Dealbook: Kumar Birla buys iconic Mumbai property for $63m; Expat Group buys Ecole Hoteliere Lavasa

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Despite the ongoing slump in the Indian realty, the property market is seeing some deal action. Aditya Birla Group chairman Kumar Mangalam Birla has bought a Mumbai property worth $63 million, while global realty player Expat Group has acquired Ecole Hoteliere at Lavasa to mark its entry into the hospitality education space in India…. Read more »


SG Realty Dealbook: TEE Land’s associate buys Bangkok land for $3.7m; HPH Trust manager rejects offer to pick 50% stake in Gaolan Phase 2

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Singapore-listed property entities are engaging in property transactions abroad with an associated firm of TEE Land  acquiring a Bangkok land parcel. In addition, the manager of HPH Trust has rejected an acquisition offer for 50 per cent stake in a China-based property project. Associated firm of TEE Land’s acquires Bangkok… Read more »