Tokyo will soon have a few more apartments under the Dash banner (Image: Dash Living)
Tokyo lifestyles lead Mingtiandi’s news roundup from around Asia Pacific today as residential manager Dash Living expands its cooperation with Greystar in the Japanese capital. Also making the headlines today are big plans for India data centres and business parks, while Singapore notches another residential land sale.
Dash Expands Greystar Ties with Residential Projects in Tokyo’s Asakusa, Kiba
Dash Living has expanded its Japan cooperation with US multi-family giant Greystar, with the companies now working together on three Tokyo projects, according to an announcement this week.
The Rava Partners portfolio company will now be managing Greystar-owned apartment blocks in Tokyo’s Asakusa and Kiba areas, bringing their joint portfolio in the Japanese capital to three assets and approximately 140 rooms. Read more>>
Bengaluru’s RMZ Maps Out $35B Plan to Invest in Data Centres, Business Parks
Real estate firm RMZ Corp plans to invest over $35 billion over the next five years to develop data centres, artificial intelligence factories, mixed-use commercial office developments and housing projects, the company said in a statement on April 13.
The company said the expansion will be funded through a mix of debt and equity, while also indicating it is evaluating an initial public offering (IPO) to secure long-term, permanent capital. Read more>>
Evergrande Property Services Enters Exclusivity Talks as Former Boss Pleads Guilty
Evergrande Property Services Group disclosed to the Hong Kong exchange on Tuesday that liquidators of its parent, China Evergrande Group, have signed an exclusivity agreement with an unnamed bidder to negotiate a sale of their combined 51 percent stake in the listed property management unit.
The update follows official reports on Tuesday that former Evergrande chairman Xu Jiayin pleaded guilty to fraud charges. No binding agreement has been reached and the company cautioned the transaction may not proceed. Read more>>
Singapore’s Hoi Hup Realty Places Top Bid of $268M for Yishun Executive Condo Site
Hoi Hup Realty outbid two other groups with its S$340.9 million ($268 million) offer for an executive condominium site at Miltonia Close in Singapore’s Yishun area.
This works out to a land price of about S$732 per square foot of built area, which is within expectations of the S$650 to S$760 per square foot of built area forecast by analysts. Developers are taking a more calibrated approach as they balance rising land supply in the north against the need to position their projects competitively, said market watchers. Read more>>
Crestview Partners-Backed Hotel Investor Finalising Buy of Australia’s Crocodile Hotel
Fresh from its A$300 million ($214 million) acquisition of hotels and resorts across Uluru, Crestview Partner-backed Journey Beyond is looking to add one of the Northern Territory’s most iconic properties, the Crocodile Hotel in Kakadu, to its burgeoning portfolio of tourism resorts.
The deal is before the competition watchdog, the ACCC, and if it proceeds the private equity backed Journey Beyond will control the majority of upscale resort properties in the Northern Territory, except for Longitude 131, which sports views of Uluru and was the brainchild of veteran tourism entrepreneurs the Baillie family. Read more>>
Google Set to to Break Ground on $15B India Data Centre Hub After Power Approved
The Andhra Pradesh government has granted a power distribution licence for Google’s $15 billion data centre hub in Visakhapatnam, making it the first private company to receive such approval from the state.
Google has secured the distribution company licence ahead of the project’s scheduled groundbreaking on April 28, 2026. The licence allows the company to procure and distribute electricity directly for its 1 GW data centre campus, bypassing the conventional utility supply chain. Read more>>
Korea’s NPS Expands Currency Hedging to Bolster Won
South Korea’s National Pension Service, one of the world’s largest pension funds, is revising its rules to permit greater foreign‑exchange hedging as it seeks to ease pressure on the won.
The $1 trillion fund will scrap a long-standing 15% cap on forex hedging, aiming for greater flexibility during periods of market volatility, according to a Tuesday statement from the Ministry of Health and Welfare, which oversees the NPS. The 15% level will instead serve as a baseline ratio, with room to adjust up or down as needed. Read more>>
Australia’s Charter Hall Nears 6% Stake in ASX-Listed Abacus Group
Australian funds manager Charter Hall has become a substantial shareholder in ASX-listed REIT Abacus Group, acquiring a 5.837 percent stake of 52.2 million ordinary securities across four of its wholesale investment vehicles, according to a notice lodged with the Australian Securities Exchange.
The holding was accumulated between September 2023 and April 2026 at a cash cost of approximately A$52 million ($33 million), based on Abacus’s last traded price of around A$1 per security. No strategic rationale was disclosed. 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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