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Sellers of Singapore’s largest residential site above a lush park are wooing mainland China, Hong Kong developers

A choice piece of property in Singapore – the city-state’s largest residential site on a hilltop overlooking a lush park – is back on the market. Hong Kong or mainland developers could be its next owners, analysts say.The spot is called Braddell View, and it sits on 1.14 million square feet above MacRitchie Reservoir Park. Its starting price is S$2.08 billion (US$1.5 billion), but the hope is for competing bids to drive that up.The central city site was unsuccessfully put up for sale in March… Source link

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Singapore’s online hotel booking site RedDoorz targets Southeast Asia push

RedDoorz founder and chief executive Amit Saberwal describes his four-year-old budget hotel online booking start-up as a “combination of Uber and Marriott”.The Singapore-based firm is like Uber Technologies in the sense that the hotels listed on its app are owned by individual proprietors, just like many drivers own their cars and pick up bookings through the US ride-hailing giant. It is like Marriott International, the American hotel chain operator and franchiser, on the hospitality side… Source link

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Ecommerce 

Lazada extends e-commerce edge in Southeast Asia despite lull in overall visits to site

Lazada Group has extended its edge as the most popular e-commerce platform in Southeast Asia despite an overall sequential decline in visits to the site in the first quarter, according to a research report from iPrice and app analytics firm App Annie.The Alibaba-backed e-commerce company scored the highest average monthly active users in Malaysia, Philippines, Thailand and Singapore in the first quarter, and was also among the top apps in Vietnam and Indonesia, ranking second and fourth… Source link

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Singapore 

Lazada customer alerts site of allegedly fraudulent activity after receiving a key ring instead of keyboards , Singapore, Digital News

A disgruntled Lazada user has gone onto Facebook to decry the online shopping site’s reliability after he allegedly (1) failed to receive the items he ordered and (2) failed to get a refund for a product that was wrongly sent. “It is no longer safe,” declared Howard Toh about shopping on Lazada in a Facebook post that has since gone viral after he recounted his experience last Saturday. According to Toh, he purchased three sets foldable wireless keyboards off Lazada — items that didn’t arrive at all. What he got…

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JD targets deep job cuts as morale sags at Chinese online shopping site

JD.com is preparing deep cuts to its workforce and rescinding some job offers as the Chinese e-commerce giant struggles to revive dwindling morale and rein in losses, people familiar with the matter said.Alibaba Group’s closest rival told managers that it is looking to reduce headcount across the company, cutting some teams by as much as half, one of the people said, citing an internal email. JD is reneging on some work contracts and offering impacted college graduates token compensation of 5… Source link

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Rent at office tower redeveloped on The Excelsior’s site may be the highest in Causeway Bay amid shortage of commercial space

The office tower to rise from where The Excelsior hotel stands on the foreshore of Hong Kong’s Causeway Bay may command the highest rent in the district by the time its redevelopment is completed in 2025, barring a catastrophic economic meltdown in Hong Kong.The site, known as Lot One, was the very first piece of land sold in Hong Kong when the city became a British colony in 1841. Jardine Matheson, one of Asia’s largest and oldest conglomerates, has owned it ever since, putting up the 869-room… Source link

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Hong Kong-listed hotelier Shangri-La to open sixth property in Beijing at 2022 Winter Olympics site

Hong Kong-listed luxury hotel and resort chain operator Shangri-La Group on Thursday unveiled plans for a 300-room hotel next to venues for the 2022 Winter Olympics in Beijing.The property, the company’s sixth hotel in China’s capital, will come up in the former industrial complex of Shougang Park, and will be developed as part of an urban regeneration project.“We are committed to deepening out investment and to be part of Beijing’s renewed growth plans,” Hui Kuok, chairman at Shangri-La, said… Source link

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Former Hong Kong airport site sells for low end of expectations, signalling caution as major developers scout for residential land

The largest residential site at Hong Kong’s former Kai Tak airport has been sold to a consortium of five major developers including Henderson Land Development and Wheelock Properties for HK$9.89 billion (US$1.26 billion), matching the low end of expectations as developers adopt a cautious market outlook.The Lands Department awarded the tender for the plot, which can yield 722,060 sq ft in gross floor area, to Infinite Sun on Tuesday.Other members of the alliance include China Overseas Land &… Source link

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China 

Pollution containment stepped up at site of Yancheng chemical factory blast in China

Pollution containment has been stepped up and rescue operations expanded in response to Thursday’s deadly pesticide plant explosion in the city of Yancheng, Jiangsu province, with officials reporting leakage from chemical storage tanks on site.The blast killed at least 64 people and injured 604 others, according to the latest official figures, while another 28 people were still reported missing.Yancheng mayor Cao Lubao on Sunday said the scope of the rescue efforts after the blast at the… Source link

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HK$10 billion Kai Tak site attracts six bids as firms say they are positive about Hong Kong housing market

Six developers have submitted tenders for a site in Kai Tak, Hong Kong’s Lands Department said on Friday, with companies saying they remained positive about the city’s housing sector following a recent pick up in prices and dovish monetary policy that has rekindled a cooling market.Among the companies vying for Area 4B Site 1 in Kai Tak are Sun Hung Kai Properties, CK Asset, Chinachem Group, K&K Property and a joint venture between K Wah International and Sino Land. A consortium of New World… Source link

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