Jardine Matheson executive chairman Ben Keswick (Image: Jardine Matheson)
Jardine Matheson’s ongoing reshaping of its investment portfolio leads today’s look at real estate news from around Asia Pacific, with the Hong Kong conglomerate delisting shares in Mandarin Oriental Hotel Group in London and Singapore. Also making the news are another month of declining home prices in China and India’s Tata Group picking up a boutique hotel brand.
Mandarin Oriental Shares Delisted as Court Approves Privatisation
Mandarin Oriental Hotel Group will be delisted from the London Stock Exchange on 19 January and from the Singapore Exchange on 20 January, the luxury hotel group announced Friday.
The voluntary delisting follows the privatisation of the company by Jardine Matheson after shareholders voted in favour of the acquisition scheme in December. Read more>>
China Home Prices Fell Again in December, Extending Slump
China’s home prices fell in December, closing another tumultuous year for the real estate industry as the country’s debt crisis persists.
New home prices in 70 cities, excluding state-subsidised housing, dropped 0.37 percent from November, when they slid 0.39 percent, figures from the National Bureau of Statistics showed Monday. Resale home values, which are subject to less government intervention, slid 0.7 percent, the most in 15 months. Read more>>
Tata’s IHCL Buying Boutique Indian Hotel Operator for $21M
Tata’s Indian Hotels Company (IHCL) announced Thursday that it has acquired a majority stake in Brij Hospitality, which operates Brij Hotels, in a deal worth INR 1.93 billion ($21 million).
IHCL, the parent company of Taj Hotels, said in a release that it has signed agreements to acquire a 51 percent stake in Brij Hospitality, a company known for its presence in boutique experiential leisure offerings. Through the acquisition, IHCL will gain ownership of the Brij brand and plans to expand its footprint in the boutique leisure segment of the country, as per the statement. Read more>>
Japan’s Activia Properties Sells Kobe Hotel for $170M
Tokyo-listed Activia Properties said late last week that it has decided to sell a hotel in Kobe to J Front City Development Co Ltd for JPY 26.3 billion ($170 million).
The REIT managed by Japan’s Tokyu Land said it is selling the 27,011 square metre (290,744 square foot) hotel in Chuo ward to reinforce the profitability of its future portfolio. Read more>>
Hulic REIT Buying Tokyo Nursing Home for $18M
Hulic REIT announced this past week that it has agreed to purchase a nursing home in Tokyo’s Bunkyo ward for JPY 2.88 billion ($18 million), adding an asset developed by its sponsor, Hulic Co Ltd, to the listed trust’s portfolio.
In a notice to the Tokyo Stock Exchange, Hulic REIT noted that Hospitalment Hongo, which was completed in 2019, is located close to the University of Tokyo’s Hongo campus and to Ueno Park and benefits from proximity to Tokyo Metro’s Chiyoda line. Read more>>
Iron Mountain Breaks Ground on 85MW Mumbai Data Centre
Iron Mountain said Friday that it has broken ground on an 85-megawatt data centre project in Mumbai, aiming to serve AI-driven requirements from hyperscale customers.
The Mumbai campus is expected to be completed in 2027, adding to existing Iron Mountain facilities in Bangalore, Hyderabad, Pune and Noida, after the US company last year completed its acquisition of Indian data centre developer and operator Web Werks. Read more>>
Steve Cohen’s Point72 Expands Office in Hong Kong’s The Henderson
Point72 Asset Management has signed a deal to take more space for its upcoming office in The Henderson, a skyscraper in Hong Kong’s Central district, as demand from the financial sector provides relief to the city’s beleaguered office market.
The US hedge fund firm is taking a total of 85,000 square feet (7,897 square metres) of office space across seven floors, up from about 60,000 square feet that it previously committed to take, according to people familiar with the matter. Read more>>
Mainland Buyers Dominate Ultra-Luxury Home Deals in Hong Kong
After several subdued years, 2025 marked a turning point for demand in Hong Kong’s most prestigious housing enclaves, as mainland buyers streamed back into scarce ultra-luxury homes once prices stabilised and transaction momentum rolled into the new year.
That shift was most visible in The Peak and Southern district — two low-density, ultra-wealthy neighbourhoods on opposite ends of Hong Kong Island. Mainland purchasers bought HK$16 billion ($2.05 billion) worth of homes in the areas in 2025, accounting for the vast majority of ultra-high-end transactions there, brokerage data showed. 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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