Singapore Expected To Lure More Uber-rich Chinese

SINGAPORE – The city-state is being targeted by more newly-minted billionaires and millionaires from China as a place where they can park their riches, according to a report from The Business Times that was updated...

AIA Group Looking To Buy Shanghai Office Tower For Nearly S$2bil

CHINA – Sources with knowledge of the matter revealed that AIA Group, a major global insurance provider, has entered into negotiations to acquire an upcoming prime office building in Shanghai, reported Bloomberg on Friday morning...

Wealthy Families Want To Flee From China; Singapore Among Top Relocation Prospects

CHINA – High-net-worth individuals (HNWI) and their families have become fed up with China’s harsh COVID restrictions that many want to relocate somewhere else, with a growing number of affluent people are shifting their lives...

Beijing Office Tower Sells For US$740mil To Ping An

CHINA – Amid Sino-Ocean Group Holding’s falling bond prices, the Chinese property developer has divested an office building in Beijing’s Fengtai District to Ping An Life Insurance for 5 billion yuan (US$740 million), according to...

Property Divestment By Asia Pacific Firms Hit US$44.4Bil In 2021

ASIA PACIFIC – Capital markets data from CBRE showed that corporate real estate investors in the Asia Pacific (APAC) region completed the sales of US$44.4 billion (S$61.12 billion) worth of properties in 2021, reported The...

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