US developer Hines and South Korea’s National Pension Service have set a new bar for their longtime partnership by … Read More>>
Featured Stories
GLP Closes on $1.75B for Third China Logistics Development Fund
GLP, Asia Pacific’s biggest warehouse builder and fund manager, on Wednesday announced a first closing of its China … Read More>>
Sponsored Features
Cushman & Wakefield Again Named Top Asia Pacific Agency
Financial services journal Euromoney has again named Cushman & Wakefield the top commercial real estate agency, with … Read More>>
Using Data to Do More with Less
As investors sharpen their focus on sustainability, how do real estate companies respond? Yardi’s regional director … Read More>>
Breaking News
Hines and Korea’s NPS Acquire San Francisco Complex for $2.5B Redevelopment
US developer Hines and South Korea’s National Pension Service have set a new bar for their longtime partnership by announcing a $2.5 billion commercial and residential megaproject in downtown San Francisco.
After completing the $800 million acquisition of the Pacific… Read More>>
GLP Closes on $1.75B for Third China Logistics Development Fund
GLP, Asia Pacific’s biggest warehouse builder and fund manager, on Wednesday announced a first closing of its China Logistics Fund III at $1.75 billion, representing the lion’s share of the development vehicle’s $2 billion target.
The freshly-committed capital will go… Read More>>
Evergrande Signs Deal to Avoid Bond Default and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China Evergrande reaches an agreement with onshore bondholders to avoid default, while the beleaguered developer’s electric car unit tries to boost morale by dishing out stock options to staff.
In non-Evergrande news,… Read More>>
IOI Properties Makes Sole Bid of $1.1B for Marina View Site in Singapore
Malaysian developer IOI Properties Group emerged as the sole bidder for a development site near Singapore’s Marina Bay at a government land sale tender that closed Tuesday.
For the Marina View “white site”, which can serve a range of uses… Read More>>
R&F Owners Sell Property Management Unit to Country Garden in $1.3B Deal
Under pressure from the slow-motion collapse of competitor China Evergrande and needing to pay off RMB 12 billion ($1.86 billion) in capital market debt in the next 12 months, the controlling shareholders of Guangzhou R&F Properties worked out a pair… Read More>>
Carrie Lam Mum on Reports Beijing Pushing HK Builders and More Asia Real Estate Headlines
Today’s roundup of regional news headlines kicks off with Hong Kong developers in the hot seat, as a report surfaces that they’ve been pressured to toe the Beijing party line, sending shares tumbling. The city’s top leader had no comment… Read More>>
Kuok Family of Kerry Group Buys London West End Office Building for $199M
The Kuok family behind Hong Kong developer Kerry Properties has purchased an office building in the swanky St James’s district of London’s West End for £145.5 million ($198.8 million), becoming the latest members of Asia’s elite to pick up property… Read More>>
Roxy-Pacific Chairman Bids to Privatise Singapore Developer at 20% Premium
Roxy-Pacific Holdings on Monday announced a takeover bid led by the Singapore-listed developer’s controlling family.
TKL & Family Pte Ltd, a holding company owned chiefly by Roxy-Pacific chairman and CEO Teo Hong Lim and his relatives, has made a… Read More>>
Real Estate Finance
R&F Owners Sell Property Management Unit to Country Garden in $1.3B Deal
Under pressure from the slow-motion collapse of competitor China Evergrande and needing to pay off RMB 12 billion ($1.86 billion) in capital market … Read More>>
Roxy-Pacific Chairman Bids to Privatise Singapore Developer at 20% Premium
Roxy-Pacific Holdings on Monday announced a takeover bid led by the Singapore-listed developer’s controlling family. TKL & Family Pte Ltd, a … Read More>>
CK Asset Selling Commercial Tower in Shanghai’s Jing An District to Hysan for $540M
Hysan Development will make its second foray into mainland China after agreeing to acquire a 24-storey commercial building in Shanghai’s Jing An … Read More>>
Shanghai
CK Asset Selling Commercial Tower in Shanghai’s Jing An District to Hysan for $540M
Hysan Development will make its second foray into mainland China after agreeing to acquire a 24-storey commercial … Read More>>
New World Breaks Ground on Huaihai Road Project in Shanghai
New World Development recently began work on its second K11 commercial project in Shanghai, breaking ground on a 17,171 … Read More>>
Nearly a Decade in the Making, Shui On Land Readies IPO of Xintiandi Unit
In the wake of Wednesday’s report that Shui On Land had picked two banking giants to lead the IPO of its Xintiandi unit, … Read More>>
Singapore
IOI Properties Makes Sole Bid of $1.1B for Marina View Site in Singapore
Malaysian developer IOI Properties Group emerged as the sole bidder for a development site near Singapore’s Marina Bay … Read More>>
Roxy-Pacific Chairman Bids to Privatise Singapore Developer at 20% Premium
Roxy-Pacific Holdings on Monday announced a takeover bid led by the Singapore-listed developer’s controlling … Read More>>
Far East Consortium Sells Singapore Project to UOL Group’s Kheng Leong for $158M
Hong Kong-based Far East Consortium has sold a central Singapore apartment building at an 8 percent profit after … Read More>>
Projects
IOI Properties Makes Sole Bid of $1.1B for Marina View Site in Singapore
Malaysian developer IOI Properties Group emerged as the sole bidder for a development site near Singapore’s Marina Bay at a government land sale … Read More>>
South Singapore Residential Site Goes for $276M in Biggest Collective Sale of 2021
The sale of a residential site near the Greater Southern Waterfront project has provided the latest evidence of Singapore’s housing market snapping … Read More>>
Henderson Land Wins Kowloon Redevelopment Project for $1.04B
Henderson Land Development won a tender for a residential project in Hong Kong’s To Kwa Wan for HK$8.1 billion ($1.04 billion), as the city’s … Read More>>
Retail
Firmus Capital Buys Central Singapore Mall to Bring Opportunity Fund AUM to $148M
A western Singapore mall has become Firmus Capital’s second acquisition in the city-state, boosting the local private equity firm’s newly-launched … Read More>>
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>>
Asia Outbound
Hines and Korea’s NPS Acquire San Francisco Complex for $2.5B Redevelopment
US developer Hines and South Korea’s National Pension Service have set a new bar for their longtime partnership by announcing a $2.5 billion … Read More>>
Kuok Family of Kerry Group Buys London West End Office Building for $199M
The Kuok family behind Hong Kong developer Kerry Properties has purchased an office building in the swanky St James’s district of London’s West End … Read More>>
CapitaLand’s Ascott Group Adds to Rental Housing Empire With Texas, Australia Deals
Singapore-based CapitaLand’s rental housing division made a pair of overseas bets this week, with the managers of SGX-listed Ascott Residence Trust … Read More>>
Hong Kong
Hong Kong Home Prices Soon to Surpass 2019 Peak Says Cushman & Wakefield
Despite home sales seeing a 15 percent year-on-year surge in the third quarter of 2021, purchase of new housing in Hong … Read More>>
Henderson Land Wins Kowloon Redevelopment Project for $1.04B
Henderson Land Development won a tender for a residential project in Hong Kong’s To Kwa Wan for HK$8.1 billion ($1.04 … Read More>>
Kowloon Redevelopment Project Sells for $41.2M as Hong Kong Housing Sizzles
Hong Kong’s Grand Ming Group has acquired a housing project in To Kwa Wan for HK$320 million ($41.2 million) as the … Read More>>
MTD TV
Efficiency, Design and Green Power Key to Data Centre Sustainability: MTD TV
While data centres are already estimated to be using 1 percent of the world’s electricity, professionals within the … Read More>>
Data Centre Sustainability in Focus for MTD TV Panel Tuesday
The challenge of meeting the world’s hunger for cloud-based data while keeping on track with carbon targets will be the … Read More>>
BDx Boss Focuses on Service, Not Buzz, to Build Asia Data Centre Network: MTD TV
The head of one of Hong Kong’s few homegrown data centre networks is not afraid to call out “irrational excitement” … Read More>>
Research & Policy
Hong Kong Home Prices Soon to Surpass 2019 Peak Says Cushman & Wakefield
Despite home sales seeing a 15 percent year-on-year surge in the third quarter of 2021, purchase of new housing in Hong Kong began to slow in August, … Read More>>
IPO Tycoons Help Drive Near Tripling of Hong Kong Luxury Home Sales
Sales in Hong Kong’s luxury residential market nearly tripled in the 12 months that ended 30 June, driven by wealthy locals who resumed home-buying … Read More>>
China Dominates APAC Property Investment With $12.4B in Q2 Deals
China continued its reign as Asia Pacific’s biggest real estate market in the second quarter with $12.4 billion in property investments, a total that … 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>>
