The $1.6 billion buyout, which is expected to be completed in March, marked the biggest real estate transaction in Southeast Asia in 2022.
Singapore property sector ‘resilient’ despite global slump; CDL and CLI preferred picks: Credit Suisse
Analysts are expecting the Singapore housing sector to show growth of 3% to 5% for 2023 even as the global market slump deepens.
Total property investment volume up 2.8% YoY to $29.1b in 2022
The investment market may remain in “price discovery mode” in the first half of 2023. The total property investment volume in 2022 increased by 2.8% year-on-year to $29.1b on the back of the active …
US sends artillery shells stockpiled in Israel to Ukraine
The United States is sending artillery shells stockpiled in Israel to Ukraine in an effort to refill the embattled country’s dwindling ammunition supplies.
U.S. sent Israel-stored munitions to Ukraine – New York Times
Although such supplies are under Israeli lock-and-key, “the Americans don’t need our permission to move them. These are American property,” David Ivry, a former director-general of Israel’s Defence …
Sri Lanka expropriation drums beat loud over privatized tea farms
Sri Lanka is planning to bring a law re-nationalize land in privatized tea farms according to plan proposed by ex-President Gotabaya Rajapaksa, Minister of Plantation Industries and Minister of …
Christian persecution rising in Africa, North Korea, advocacy group says
Persecution of Christians is rising in sub-Saharan Africa, threatening a “vast humanitarian catastrophe” for the continent, a support group for victimized Christians said Tuesday.
S. Korea to ease set of tax regulations in property market
South Korea’s finance ministry said Wednesday it plans to revamp a set of tax regulations on the property market to ease the financial burden of people amid soaring borrowing costs. Under the plan, …
South Korea Is Now Home to the World’s Biggest Spenders on Luxury Goods
According to new data collected by Morgan Stanley, South Koreans are now the kings and queens in luxury—at least as far as spending money goes. The investment bank has revealed that spending on luxury …
Power price hike on the cards in Vietnam
Despite Electricity of Vietnam’s (EVN) intention to increase energy rates to rebalance its budget for 2023, the status of coal-fired power does not yet seem to be declining.