Hong Kong private equity firm PAG upping its India investments and a set of unhappy Singapore homeowners blocking an en-bloc sale.
Elan Group has received a $60 million follow-on investment from Hong Kong-based private equity firm PAG, according to statements by the developer’s leadership as cited in the India media.
Collective sale of Chuan Park was met with a stop order by Singapore’s Strata Titles Board (STB) on Friday, after a group of six minority owners did not withdraw their objections to the transaction.
Sinic Holdings Group Co. has received a court order to be wound up after the firm was sued over a missed offshore bond payment.
The order was issued during a Hong Kong court hearing Wednesday morning. Bank of New York Mellon’s London branch filed the winding-up petition against Sinic.
Singapore’s stock of unsold private housing under construction has been dropping for nine straight quarters to where it now stands at a 15-year low and is not expected to increase in the new year.