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Singapore Assisted Dwelling Tender Attracts 4 Bids
Singapore Assisted Dwelling Tender Attracts 4 Bids

The positioning of the deliberate assisted dwelling growth, which drew 4 bids from three tenderers

In at present’s roundup of regional information headlines, the tender for a personal assisted dwelling challenge in Singapore’s Kovan neighbourhood attracts meagre curiosity, and China’s Agile Group warns of an eye-popping 2022 loss.

URA Tender Attracts 4 Bids for Assisted Dwelling Challenge at Parry Avenue

A Singapore state tender for a pilot personal assisted dwelling growth at Parry Avenue has drawn muted outcomes, with simply 4 bids.

One was submitted by a consortium consisting of Evia Actual Property, Allium Healthcare, Yuan Ching Improvement and YK Realty (which is linked to tycoon Tan Yeow Khoon). Two tenders got here from Pre 20, a subsidiary of Perennial Holdings, and one other from United Medicare Improvement, an operator of personal nursing houses. Learn extra>>

Agile Group Warns of Potential $2B Loss for 2022

Agile Group Holdings on Wednesday warned that it expects to report a web loss within the vary of RMB 12.5 billion to RMB 13.5 billion ($1.8 billion to $2 billion) for the complete yr of 2022 in opposition to a web revenue of RMB 9.1 billion in 2021.

Loss attributable to shareholders of the Guangzhou-based developer can be within the vary of RMB 14 billion to RMB 15 billion in opposition to a acquire of RMB 6.7 billion a yr earlier. Learn extra>>

Ok Wah Revenue Dives 59% on Decrease Gross sales

Ok Wah Worldwide Holdings on Wednesday reported a revenue for full-year 2022 of HK$1.4 billion (now $180 million), down almost 59 % year-on-year.

The Hong Kong developer’s income totalled HK$8.8 billion, down 46 %. Learn extra>>

Henderson Land’s Revenue Slumps 29% to $1.2B

Henderson Land, one in all Hong Kong’s largest property builders, posted a 29 % decline in revenue to HK$9.6 billion ($1.2 billion) for 2022, as town’s actual property business was severely affected by the COVID-19 pandemic.

The developer, based by billionaire and Hong Kong’s second-wealthiest man Lee Shau-kee, mentioned the drop in revenue was partly as a result of absence of a one-off acquire it booked in 2021 in reference to Miramar Lodge and Funding changing into its subsidiary. Learn extra>>

Dexus to Pay AMP $226M for Collimate Capital’s Property, Infrastructure Enterprise

ASX-listed landlord and developer Dexus has flagged a push into managing actual property as conventional industrial property courses come underneath strain amid monetary instability.

Huge workplace towers and purchasing centres are falling in worth, however Dexus has simply struck a recent deal to accumulate the Collimate Capital actual property and infrastructure enterprise from AMP. Learn extra>>

Six-Storey Shophouse in Boat Quay Bought for S$37M

Wah Loon Engineering founder Alan Chong is known to have offered a landmark six-storey shophouse in Singapore’s Boat Quay for S$37 million ($27.7 million), making a pleasant acquire over the S$21.35 million he paid for the 999-year leasehold property in 2018.

The brand new proprietor of 52 Boat Quay is an oblique wholly owned subsidiary of Tai Tak Estates, integrated in Singapore in 1954. Learn extra>>

Ohmyhome Ends NASDAQ Debut at 1.8% Above IPO Value

Shares of Singapore-based Ohmyhome rose 1.8 % in after-hours buying and selling following their NASDAQ debut on Tuesday.

The inventory traded between $3.80 and $4.24 earlier than ending at $4.07, up from its $4 opening worth, in keeping with knowledge from MarketWatch. Some 640,000 shares modified fingers. Learn extra>>

Thailand’s Chearavanont Clan Plans to Set Up Hong Kong Household Workplace

The Chearavanonts, whose members have dominated Thailand’s billionaires checklist for many years, plan to arrange an outfit in Hong Kong to speculate the clan’s fortunes, changing into one of many largest names within the rarefied world of household workplaces to heed town’s ambition of changing into Asia’s wealth administration hub.

Dhanin Chearavanont, the senior chairman and second-generation scion of the Charoen Pokphand Group, will fly in together with his eldest son Soopakij — CP Group’s chairman — to affix a Friday gala dinner on the Palace Museum, the spotlight of town’s inaugural Wealth for Good summit, mentioned a clan member. Learn extra>>

Tune in once more quickly for extra actual property information and make sure you observe @Mingtiandi on Twitter, or bookmark Mingtiandi’s LinkedIn web page for headlines as they occur.


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