2023/11/11 by Michael Cole Leave a Comment
Following a quiet third quarter, Singapore’s commercial real estate sector has seen a burst of investment within the past month, including a deal signed for a commercial complex in the Rocho area, and final stage talks for hotels on Robinson Road and in the Bugis area, which could lead to more than $700 million in transaction signings in November.
To find out more about what’s happening in the city-state’s commercial markets, Mingtiandi has organised a panel at its Singapore forum on Tuesday, 14 November with senior executives from major fund managers joining the discussion in front of an expected audience of over 200 industry professionals at the Conrad Centennial Hotel.
Joining the panel, which is moderated by Alicia Li of PIMCO and sponsored by Yardi, are Andrew Lee, a director with BlackRock who heads investment in Singapore and Southeast Asia; Imelda Tham, a managing director for investment with Gaw Capital and Emilia Teo, a managing director and co-founder of TE Capital Partners.
The all-day forum features 30 speakers from companies including Warburg Pincus, Oxford Properties, Ivanhoe Cambridge and Korea Investment Corporation, with tickets still available through the link above. For those of you not able to join us on-location, the first two sessions will be streamed live on Mingtiandi’s homepage starting from 9:00 AM Singapore time.
Commercial Comes Alive
Trades of income-earning real estate assets in Singapore fell to just $600 million in the third quarter of this year, with higher interest rates and geopolitical uncertainty bringing activity in the period down 59 percent from a year earlier, according to MSCI.
Following that third quarter slowdown, however, investors have seized on opportunities to buy up assets not previously available, with Keppel Capital having agreed to buy the Wilkie Edge complex in Rochor district this month for around S$350 million.
That deal was signed as Vietnam-linked Viva Land has entered exclusive talks to sell the Hotel Telegraph on Robinson Road for at least S$170 million and Gaw Capital is in due diligence for the sale of the Hotel G near Bugis for at least S$230 million, according to earlier reporting by Mingtiandi.
In September, TE Capital, led by Emilia Teo together with her brother Terence, was said to be in due diligence to purchase the VisionCrest Commercial Building on Penang Road in Singapore for around S$460 million.
Should these transactions close in the fourth quarter they would bring trades of property assets in period to nearly $1 billion and surpass the third quarter total by more than 50 percent. Mingtiandi is pleased to present its commercial panel on Tuesday, to provide insights on these transactions, and what else to expect from the Singapore market.
Streaming Show
As a service to our audience around the region, the keynote panel at the Mingtiandi Singapore Forum, featuring
Alessandro Fiascaris of Oxford Properties, George Agethen of Ivanhoé Cambridge, Sangwook Kang of Korea Investment Corporation and Jeremy Lake of Savills, will be streamed live on MTD TV starting from 9:00 AM
Also streamed live will be a spotlight interview with on Southeast Asia logistics with Warburg Pincus managing director Fan Li, Fion Ng, COO of Vietnam’s BW Industrial and Kevin Kow, Group CEO and president director with Indonesia’s NWP Property.
The commercial markets panel, which begins at 10:00 AM will be available as a recording on Mingtiandi.com on Tuesday evening, along with other sessions in the forum.
More information on the forum is available on Mingtiandi.com.
Speakers
Alessandro Fiascaris, Head of Asia Pacific, Oxford Properties
George Agethen, Co-Head of Asia Pacific, Ivanhoé Cambridge
Sangwook Kang, Senior Director, Real Estate Group, KIC Singapore
Jeremy Lake, Managing Director, Investment Sales and Capital Markets, Savills Singapore
Fan Li, Managing Director, Warburg Pincus
Fion Ng, COO, BW Industrial
Kevin Kow, Group CEO & President Director, NWP Property
Alicia Li, Real Estate Product Strategist, PIMCO
Imelda Tham, Managing Director, Investments, Gaw Capital
Andrew Lee, Director, Head of Investments, Singapore and Southeast Asia, BlackRock
Emilia Teo, Managing Director, TE Capital Partners
Bernie Devine, Senior Regional Director, Asia Pacific, Yardi
Jai Mirpuri, Head, Singapore Development & Thailand, ESR
Mark Gladu, Senior Director, Logistics & Industrial Capital Markets, Asia Pacific, JLL
Sharon Tan, Local Principal, Baker McKenzie Wong & Leow
Sarah Winbur, Senior Portfolio Manager, APG Asset Management
Suchad Chiaranussati, Chairman and Founder, SC Capital Partners
Rushabh Desai, CEO, Varsity Group Asia Pacific
Shirin Tang, Managing Partner, Morrison Foerster Singapore
Josh Daitch, Group Chief Investment Officer, ESR
Jeun Jye Ong, Head of Real Estate, Sun Venture
Kian Jin Khoo, Head of Private Wealth, Capital Markets, Asia Pacific, JLL
David Green-Morgan, Global Head of Real Assets Research, MSCI
Joyce Lo, Director, Private Capital Advisory, Lazard
Rai Katimansah, Managing Director, Special Situations & Direct Lending, SC Capital Partners
Foster Lee, Senior Director, Credit Investments, Gaw Capital
Jieying Huang, Director, Asia Pacific Private Debt, Muzinich & Co
Marko Multas, Director, Head of Investments Asia and Real Estate Debt, Patrizia
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