Connect with us
//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js (adsbygoogle = window.adsbygoogle || []).push({});

Real Estate

One Belt One Net : SG Tycoon to Invest $5B to Build Data Centre Empire

Tycoon Oei Hong Leong is investing US$5 billion (S$6.73 billion) to set up a new company, named One Belt One Net, that will build data centres.

Avatar

Published

on

Leading today’s news, one of Singapore’s richest men is going big on data, or at least on the buildings that house it, while Australia picks up 4.6 billion baht by selling its Bangkok embassy site to a local developer.

Also in the headlines, Evergrande’s chairman turned his company’s debt-fueled expansion into a spot as China’s richest man – for a few hours. Read on for all these stories and more.

SG Tycoon Investing $5B to Build Data Centre Empire

Tycoon Oei Hong Leong is investing US$5 billion (S$6.73 billion) to set up a new company, named One Belt One Net, that will build data centres.

As the name implies, Mr Oei envisions the business as a way to complement China’s One Belt One Road initiative, a massive project to ignite growth in the countries along the ancient Silk Road. Read more>>

HNA Says It Has “Sufficient Capital for HK$27B in Kai Tak Projects

HNA Group, the Chinese conglomerate that spent HK$27.2 billion (US$3.5 billion) for a stake in Hong Kong’s residential land market, said the group’s financial health is sound and its sees no problem getting loans to fund its mega property project in Kai Tak.

“Our lending banks show strong support to us. We have sufficient capital to finance the project,” said Liu Junchun, vice chairman of the conglomerate’s private unit HNA Holding International Investment Group. Read more>>

Bangkok’s Aussie Embassy Site Sold for THB 4.6B

Supalai Plc has won the bid to buy the eight-rai prime site on Bangkok’s Sathorn Road where the Australian Embassy was previously located for 4.6…

Source link

0/5 (0 Reviews)
Comments

Property

Asia Pacific hotel investment outlook and trends 2019

The Asia Pacific region is expected to be the standout region with hotel investment volumes forecasted to grow by 15% year-on-year in 2019.

Avatar

Published

on

The Asia Pacific region is expected to be the standout region from a growth standpoint, with hotel investment volumes forecasted to grow by 15% year-on-year in 2019.

(more…)
0/5 (0 Reviews)
Continue Reading

China

What slower GDP growth means for China’s real estate market

The property market accounts a meaningful proportion of China’s GDP growth

Avatar

Published

on

China’s continued economic slowdown is reshaping the country’s real estate market, as investor confidence remains high.

(more…)
0/5 (0 Reviews)
Continue Reading

Real Estate

Thailand’s real estate outlook for 2019 brings new level of uncertainty

Two key economic drivers of the economy, exports and tourism, will face challenges this year

Avatar

Published

on

sunset sukhumvit

Higher interest rates, mortgage curbs and the unknown effects of the general election are among the risk factors for the local market, says CBRE

(more…)
0/5 (0 Reviews)
Continue Reading

Most Read

Must Read

Subscribe via Email

Enter your email address to receive notifications of new articles by email.

Join 14,335 other subscribers

Trending