Temasek Singapore President Png Chin Yee is set to join the board of CapitaLand Investment Ltd., while Chairman Miguel Ko is retiring from the real estate asset manager.
Hongkong Land Holdings Ltd. is in discussions with Ong Beng Seng’s Hotel Properties Ltd. to buy a majority stake in three buildings in Singapore’s Orchard Road shopping belt, according to people familiar with the matter.
Centuria Bass Credit, a major Bathla Group backer, is exploring options to sell some debt tied to the insolvent Sydney builder, the latest sign that some creditors could be looking to trim their exposure.
Singapore’s CapitaLand Investment Ltd. is targeting $500 million in commitments from investors for its third Asia Pacific credit program, according to people familiar with the matter.
Australian private credit funds are trying to contain panic among investors, after the collapse of property developer Bathla Group sparked fears that the industry’s big bet on the property sector is going south.
Bathla Group, a major property developer in Sydney, is leaving private credit investors exposed after falling into insolvency earlier this week in the latest blow to Australia’s troubled housing market.
Two of Singapore’s biggest property-focused firms reported improved first-half profit, helped by growing fee-related business and new project launches, as they seek to rebuild investor confidence after past setbacks.