Ascott REIT to divest 2 China properties for S$198 mil

SINGAPORE (July 4): Ascott Residence Trust has entered into two conditional agreements to divest its interests in two serviced residence properties in China – Citadines Biyun Shanghai and Citadines Gaoxin Xi’an – for a total consideration of RMB980 million (S$198.

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UK’s largest real estate financing deal completed

PETALING JAYA (June 8): Bank of China (Hong Kong), HSBC and ING have closed one of the UK’s largest real estate financing deals by securing the finance for the acquisition of The Leadenhall Building, otherwise known as the “Cheesegrater”, a 46-storey landmark prime iconic real estate in London.

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Buy or rent?

My aunt and her family of six live in a house they have been renting in Taman Cheras Indah, Selangor, for over 20 years now.

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