Minor International founder and chairman William Heinecke (Image: Minor Hotels)
A Singapore REIT plan for Thailand’s biggest hotel owner leads today’s look at real estate news from around the region as Bangkok-based Minor International plots a hospitality IPO. Also making our list today are Lendlease delaying a Melbourne office project and Singapore’s STT GDC opening its fourth Chennai data centre.
Thailand’s Minor Plans Singapore Hotel REIT, Hong Kong Restaurant Listing
Minor International, Thailand’s largest hotel and restaurant chain operator, plans to set up its first REIT worth about $1 billion and is exploring a Hong Kong listing of its restaurant unit to raise funds for debt repayment.
The company will sell 14 hotels in Europe and Thailand into the REIT, CEO Dillip Rajakarier said in a press briefing in Bangkok on Friday, adding that the trust will be listed in Singapore in the second half of this year. Read more>>
Lendlease Delays Plans for Melbourne Office Tower
Lendlease has delayed new offices planned for its Town Hall Place development in Melbourne ahead of departing CEO Tony Lombardo unveiling what could be his last result.
The company’s move to push out the office block has left some prospective tenants looking for a new home after they signed up to the tower. The surprise delay to the office component of Town Hall Place comes despite the project originally being scheduled for completion this year and will dent the Victoria government’s plan for towers rising above new metro stations. Read more>>
STT GDC Opens Fourth Chennai Data Centre
ST Telemedia Global Data Centres late last week announced the launch of its fourth data centre in Chennai and the first in its Siruseri campus in the southern part of the Tamil Nadu capital.
The Siruseri campus — the company’s second in Chennai — is designed as a 45-megawatt AI-ready facility, with the first phase of 7.2MW now operational. With 40MW already operational at its Chennai Ambattur campus, STT GDC India continues to scale its presence in one of India’s fastest-growing digital markets. Read more>>
Seoul Apartment Prices Rise Further Ahead of Central Bank Meeting
Seoul apartment prices extended their gains ahead of next week’s central bank meeting to review interest rates, though the pace of increase slowed to the weakest in about five months as the Lunar New Year holiday dampened demand.
Prices in the capital rose 0.15 percent in the week ended 16 February, according to data released Friday by the Korea Real Estate Board, marking the 55th straight weekly increase. The reading was down from the 0.22 percent gain seen the previous week and represented the slowest rise since September 2025. Nationwide apartment prices climbed a more moderate 0.06 percent, the data showed. Read more>>
China’s Fantasia Wins Creditor Approval for Offshore Debt Restructuring
Mainland developer Fantasia Holdings on Sunday announced that it had received approval from its creditors for a proposed scheme to restructure more than $6 billion in bonds after the company defaulted on the offshore debt obligations.
With creditors now on board with the restructuring plan, Fantasia said it will seek approval of the courts of Hong Kong and the Cayman Islands in separate hearings scheduled for 12 March. Read more>>
SGX-Listed Digital Core REIT Aims to Grow Portfolio
After spending close to a year in defensive mode to plug a gaping vacancy in its portfolio, Digital Core REIT is shifting gears by pivoting to an “offensive” growth strategy.
The pure-play data centre trust is setting one of its most ambitious targets to date: it plans to double its $1.8 billion asset base and market capitalisation within the next three years. Read more>>
Parkway Life REIT Secures $57M Loan From DBS for Japan Senior Care Facilities
DBS issued an JPY 8.8 billion ($57 million) social loan to Parkway Life REIT on 20 February to finance eldercare facilities in Japan.
The 10-year social loan is the bank’s first for the healthcare sector, with DBS noting that Japan’s ageing population is hitting record highs, driving critical healthcare demand. Social loans are financing instruments that fund projects aiming to address or mitigate a specific social issue and achieve positive social outcomes. Read more>>
Hong Kong Govt Plays Hardball With Displaced Residents of Fire-Ravaged Estate
The acquisition price for properties damaged in Hong Kong’s deadly Tai Po fire will be “far lower” if homeowners reject the government’s buyback offer and authorities are forced to use legislation to acquire the remaining properties, a senior official has said.
Deputy Financial Secretary Michael Wong on Sunday dismissed claims that the government was using public funds to cover its responsibility for the Tai Po tragedy, following online criticism that taxpayers’ money was being used to support individual property owners. 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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