Asia Roundup
Singapore’s Safe-Haven Status Draws More Chinese Capital into Property Sector
China has become one of the largest sources of investment in land parcels and other properties in Singapore, as the safe-haven status of Southeast Asia’s top financial hub continues to attract global capital, South China Morning Post (SCMP) reported.
Mainland Chinese firms were the second-biggest investors in Singapore in 2025, accounting for 21% of the total of SGD 14.16 billion (USD 11.07 billion) in fixed-asset investment across all sectors, versus 2.5% a year earlier, SCMP reported, citing a February report from Singapore’s Economic Development Board.
Hong Kong Property Shares Rally as Morgan Stanley Feeds Optimism
Hong Kong property shares rallied, leading gains in the broader market along with technology stocks, after Morgan Stanley boosted its forecast for home prices, Bloomberg reported.
Hong Kong’s property market has been showing signs of a revival after a years-long slump, with rising rents and home prices, as well as strong interest in new developments coming to the market. Morgan Stanley raised its estimate for home-price growth to 12% this year from 10%, and expects another 5% in 2027.
India Appeals Tribunal Dismisses Vedanta Plea Against Adani’s Jaiprakash Bid
An Indian appeals court on Monday rejected the challenge by Indian billionaire Anil Agarwal’s Vedanta to fellow billionaire Gautam Adani’s winning bid for a bankrupt real estate company, Reuters reported, citing a lawyer involved in the case.
The win gives a boost to Adani’s takeover of over USD 4 billion in prized assets of bankrupt Jaiprakash Associates that include the country’s only Formula One track.
Indonesia Roundup
Inflationary Pressures Weigh on Indonesian Manufacturing Sector in April
The headline S&P Global Indonesia Manufacturing Purchasing Managers’ Index fell below the neutral 50.0 mark in April, signalling a deterioration in the health of the manufacturing sector for the first time in nine months. The seasonally adjusted PMI fell from 50.1 in March to 49.1 in April.
The increase in cost burdens during April was the most pronounced since April 2022, driving the fastest rise in selling prices for 12-and-a-half years, according to S&P’s press release. Firms also saw confidence dip on the month, with optimism easing to a five-month low.
EMR’s Ravenswood Gold Mine Speeds Towards Receivership
EMR Capital may have secured a multibillion-dollar payday at its Kestrel coal mine, but it has failed to contain a creditor uprising at one of Queensland’s largest gold mines, Ravenswood, which the private equity firm owns 50:50 with Indonesia’s Golden Energy and Resources, AFR reported.
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