Only three months after opening its first hyperscale facility in Asia, Equinix on Monday announced a deal with Singapore … Read More>>
Featured Stories
Sun Venture, Low Keng Huat Swap Stakes in Singapore Commercial Assets
Just two months after Singapore developer Low Keng Huat hired away a top executive from local investment firm Sun … Read More>>
Sponsored Features
JLL: Economic Drivers See Hong Kong Set to Thrive
Hong Kong’s economy is well placed to experience the strongest growth in the coming years, fuelled by eight key … Read More>>
Six Reasons Why Hong Kong Real Estate is Ready to Bounce Back
Is Hong Kong is poised for a real estate resurgence? Two years ago, Hong Kong was the world’s third largest real … Read More>>
Breaking News
Crown Resorts Gets $2.4B Pitch From Oaktree and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Aussie casino operator Crown Resorts is presented with a revised buyback proposal from Oaktree Capital Group, Singapore’s stock exchange launches the world’s first ESG REIT derivatives, and Shenzhen’s efforts to curb housing prices… Read More>>
GIC to Invest Additional $3.9B into Equinix Hyperscale Data Centres
Only three months after opening its first hyperscale facility in Asia, Equinix on Monday announced a deal with Singapore sovereign wealth fund GIC to inject a further $3.9 billion into growing the US firm’s xScale data centre programme.
Through a… Read More>>
Sun Venture, Low Keng Huat Swap Stakes in Singapore Commercial Assets
Just two months after Singapore developer Low Keng Huat hired away a top executive from local investment firm Sun Venture, the two companies are swapping stakes in a pair of long-standing joint ventures.
Low Keng Huat announced to the Singapore… Read More>>
CapitaLand Sets Up Sustainable Innovation Fund and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, real estate giant CapitaLand hatches a five-year fund to boost innovation and sustainability, another Hong Kong parking spot goes for an eye-popping sum, and Singapore’s retail and office REITs outperform despite recent COVID… Read More>>
Asia Real Estate People in the News 2021-06-14
A Malaysian property conglomerate’s new chief executive leads the way as Mingtiandi rounds up our set of personnel moves from around Asia this week. Kuala Lumpur-based Mahsing has chosen former Shanghai resident Benjamin Ong as its new boss, and we… Read More>>
ARA-Chelsfield Singapore Project Rechristened Lazada One as Alibaba Unit Relocates
Lazada, the Southeast Asia online marketplace owned by Chinese e-commerce giant Alibaba, has slapped its name on its new Singapore home as it prepares to move into the building owned by ARA Asset Management and UK-based Chelsfield.
Earlier this year,… Read More>>
CK Asset Said Floating $1.4B Sale of UBS London HQ and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Li Ka-shing’s CK Asset is said to be entertaining offers for UBS’s London headquarters building, Singapore plans a public tender for a development site near Marina Bay, and China Evergrande chairman Hui Ka… Read More>>
ESR Korean REIT Buys Greater Seoul Logistics Hub for $94M
Not yet six months old, ESR Kendall Square REIT has added its second warehouse in the past week, as Korea’s first publicly-listed logistics trust continues to build its portfolio.
The KRX-listed trust announced late Thursday that it had completed the… Read More>>
Real Estate Finance
GIC to Invest Additional $3.9B into Equinix Hyperscale Data Centres
Only three months after opening its first hyperscale facility in Asia, Equinix on Monday announced a deal with Singapore sovereign wealth fund GIC to … Read More>>
Sun Venture, Low Keng Huat Swap Stakes in Singapore Commercial Assets
Just two months after Singapore developer Low Keng Huat hired away a top executive from local investment firm Sun Venture, the two companies are … Read More>>
ARA-Chelsfield Singapore Project Rechristened Lazada One as Alibaba Unit Relocates
Lazada, the Southeast Asia online marketplace owned by Chinese e-commerce giant Alibaba, has slapped its name on its new Singapore home as it prepares … Read More>>
Shanghai
Ascott REIT Sells Shanghai Somerset for $160M, Buys 3 Japan Properties
Singapore-listed Ascott Residence Trust (ART) has completed the divestment of a Shanghai serviced apartment building and … Read More>>
PGIM Real Estate Buying New Ease China Logistics Projects for $323M
PGIM Real Estate on Wednesday announced a pair of logistics real estate investments in China that see it spending $323 … Read More>>
CapitaLand Enters China Data Centre Market with $560M SH Hyperscale Buy
Singaporean developer CapitaLand will acquire its first hyperscale server facility in China, spending RMB 3.66 billion … Read More>>
Singapore
Sun Venture, Low Keng Huat Swap Stakes in Singapore Commercial Assets
Just two months after Singapore developer Low Keng Huat hired away a top executive from local investment firm Sun … Read More>>
ARA-Chelsfield Singapore Project Rechristened Lazada One as Alibaba Unit Relocates
Lazada, the Southeast Asia online marketplace owned by Chinese e-commerce giant Alibaba, has slapped its name on its new … Read More>>
JLL Hires Tan Boon Leong, Ng Ee Kiat to Bolster Singapore Industrial Team
After bringing aboard Tom Woolhouse earlier this year to lead its Singapore-based logistics and industrial team for Asia … Read More>>
Projects
UOL Tops 14 Competing Offers with $287M Bid for Central Singapore Site
A real estate developer controlled by the family behind United Overseas Bank has placed the top bid for a residential site overlooking a set of parks … Read More>>
Hysan-Chinachem JV Wins Site in Hong Kong’s Causeway Bay With $2.6B Bid
The kings of Causeway Bay at Hysan Development have defended their turf, besting five other bidders to secure a commercial site near the group’s … Read More>>
JV Controlled by Mainland Billionaire Wins $207M Tender for Singapore’s Maxwell House
A pair of Singapore-listed firms controlled by a mysterious mainland investor with links to the younger brother of former US president George W Bush … Read More>>
Retail
Link REIT Buying Guangzhou Mall for $501M
Asia’s largest real estate investment trust has made its second major bet on mainland China retail this year with the RMB 3.2 billion ($501 million) … Read More>>
GIC to Acquire Minority Stake in $733M Phoenix Mills India Portfolio
Indian mall developer Phoenix Mills has secured a second deal with a deep-pocketed global investor in less than a week, this time entering into a … Read More>>
Brookfield Buying Pradera China Mall Portfolio From ADIA, Macquarie for $1.4B
Canada’s Brookfield Asset Management has made China’s biggest retail real estate acquisition since the dawn of the COVID-19 pandemic by purchasing a … Read More>>
Asia Outbound
Mapletree North Asia Commercial Trust to Add HP Japan Building for $350M
Singapore-listed Mapletree North Asia Commercial Trust has agreed to buy a Tokyo office building fully occupied by Hewlett-Packard Japan for JPY 38.8 … Read More>>
Singapore’s GIC to Open Office in Australia
Singapore’s sovereign wealth fund has become one of the biggest foreign investors in Australia, thanks to acquisitions of offices, warehouses and … Read More>>
Mapletree Industrial Trust Buying 29 US Data Centres From Sila Realty for $1.3B
Singapore’s Mapletree Industrial Trust is set to add to its collection of US data centres after entering an agreement to acquire 29 facilities across … Read More>>
Hong Kong
Gordon Wu’s Hopewell Reportedly Selling Kowloon East Complex for $1.3B
Hong Kong’s commercial property market got a jolt Thursday after a report broke that Hopewell Holdings, controlled by … Read More>>
Hongkong Land Confident Asia’s World City Still Revolves Around Central
Hongkong Land has been leasing out a few more floors in its Exchange Square complex, and the blue-chip developer’s head … Read More>>
Office Vacancy in Hong Kong’s Central Hits 7.5% as Rents Dip Further
Office vacancy in Hong Kong’s Central district edged up to 7.5 percent in April from 7.3 percent a month earlier as … Read More>>
MTD TV
Student Housing, Senior Living Offer Amped Yields for Multi-Family Investors: MTD TV
The trends toward urbanisation and rising housing costs that have helped drive interest in core rental housing assets … Read More>>
Allianz Real Estate to Launch $1B Japan Multi-Family Fund: Exclusive
After acquiring a portfolio of more than 5,500 rental apartments in Japan, Allianz Real Estate is launching its own … Read More>>
Japan’s Multi-Family Market Still Has Room to Run After Banner Year: MTD TV
Japan has been Asia’s top target for institutions shopping for rental residential assets, with much of the country’s … Read More>>
Research & Policy
Logistics, Multi-Family Still Sectors to Watch as China Leads APAC Rebound: PGIM
A swift rebound in China is breathing life back into Asia Pacific’s economy this year, with logistics and residential among the property sectors … Read More>>
Office Vacancy in Hong Kong’s Central Hits 7.5% as Rents Dip Further
Office vacancy in Hong Kong’s Central district edged up to 7.5 percent in April from 7.3 percent a month earlier as overall rents in the city drifted … Read More>>
ARA Surpasses CapitaLand as Biggest Real Estate Fund Manager in Asia Pacific
As it lays the groundwork for a public listing, Singapore’s ARA Asset Management can chalk up another milestone: overtaking CapitaLand to become the … Read More>>
Design & Construction
Sun Hung Kai Asks to Redesign West Kowloon Project as Two Taller Towers
Sun Hung Kai Properties is asking to change the design for Hong Kong’s largest commercial site ever with the blue-chip developer hoping to develop two … Read More>>
Swire, CDL and New World Take Home Prizes at ULI APAC Awards
Hong Kong’s Shui On Land, New World Development and Swire Properties, along with Singapore’s City Developments Limited, all came up winners at a real … Read More>>
Korea’s NPS Links Up with SL Green, Hines and KPF on $2.3B NYC Project
Korea’s National Pension Service and US developer Hines have teamed up to buy a 49.5 percent stake in a $2.3 billion New York redevelopment that lead … Read More>>
