Equalbase CEO Nicholas Bischoff
The growing appeal of Malaysian industrial projects leads today’s look at real estate headlines from around Asia, with Singapore’s Equalbase breaking ground on a new facility in Johor. China Vanke’s ongoing agony also makes the list as the developer declares a deeper loss for the third quarter, and a Hong Kong tycoon’s daughter found a pleasant new home in the Mid-Levels for just $46 million.
Singapore’s Equalbase Breaks Ground on Johor Industrial Facility
Singapore-headquartered Equalbase announced this week that it has broken ground on an industrial facility in Johor, Malaysia on behalf of Europe’s Rohde & Schwarz.
The 100,000 square foot (9,290 square metre) manufacturing and logistics project is being undertaken in the Senai Airport cluster near Malaysia’s border with Singapore, according to an announcement by Equalbase. Read more>>
China Vanke Posts $2.3B Q3 Loss as Slump Deepens
China Vanke reported a deeper third-quarter loss, highlighting mounting challenges as the prolonged property market downturn continues to weigh on the developer’s sales.
The Shenzhen-based company posted a loss of RMB 16.1 billion ($2.3 billion) in the three months to the end of September, roughly doubling its loss in the same period a year earlier. The result brings combined losses for the first nine months of the year to RMB 28 billion, according to a statement to the Shenzhen exchange on Thursday. Read more>>
Daughter of Hong Kong Tycoon Buys Apartment for $46M
The daughter of prominent Hong Kong businessman Peter Law has bought a luxury flat in Mid-Levels West following his sale of a Peak mansion in the city’s most expensive property transaction this year.
Winnie Law acquired a 4,710 square foot (438 square metre) flat in tower two, phase one of The Legacy for HK$355 million ($45.7 million), according to Land Registry records. The transaction was completed on Tuesday. Read more>>
French Fund Manager Ardian Sets Up Shop in Central’s 2 IFC
Paris-based private equity firm Ardian has opened a 4,000 square foot (372 square metre) office in Hong Kong’s main business district, with an eye on growing its $3 billion investment out of the company’s total $200 billion in assets under management.
The new office at Two International Finance Centre in Central marks the company’s fifth location in Asia and will initially have eight permanent staff, according to Jason Yao, the group’s head of Greater China. Read more>>
New World Signs Aecom to Major Office Lease in Cheung Sha Wan
A multinational infrastructure consultancy has leased 120,000 square feet (11,148 square metres) for its upgraded Asia headquarters at a Grade A office building of New World Development in Cheung Sha Wan, setting a record as the biggest post-pandemic deal of its kind in the district.
Aecom, drawn by the district’s well-developed transport network and accessibility, is the latest tenant at New World’s 83 King Lam Street, the developer said Thursday. It did not disclose rental terms. Read more>>
Lendlease Global REIT Boosts Portfolio Occupancy to 95%
Singapore-listed Lendlease Global Commercial REIT on Thursday posted a committed portfolio occupancy of 95 percent for its first quarter to the end of September, up from 92.1 percent in the previous quarter.
The result was “driven by active leasing efforts” for Building 3 of the Sky Complex property in Milan, the trust’s manager said in a business update. Read more>>
CapitaLand India Trust Says Property Income Rose 18% in Q3
CapitaLand India Trust posted total property income of INR 5.1 billion ($57 million) for its third-quarter business update in 2025.
The result is an 18 percent year-on-year increase in rupee terms and a 10 percent rise in Singapore dollar terms, due to higher rental income from existing properties and income contributions from acquisitions and completed developments, the trust’s manager said in a business update. Read more>>
Henderson Land Director Declares Candidacy for Hong Kong Legislature
An executive director of Hong Kong developer Henderson Land has declared his intention to run in the coming Legislative Council election, brushing aside concerns about potential conflicts of interest.
Another 33 hopefuls signed up for the Legco race on Thursday, bringing the total to 109 candidates, including Augustine Wong, who is vying for the seat representing the real estate and construction functional constituency. Read more>>
Tune in again soon for more real estate news and be sure to follow @Mingtiandi on X, or bookmark Mingtiandi’s LinkedIn page for headlines as they happen.
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