Asia Standard Hotel Struggles to Refinance $174M Loan and More APAC Real Estate Headlines

In today’s review of real estate news from around the region, Hong Kong hotel operator Asia Standard faces difficulty refinancing a loan tied to Evergrande losses, Microsoft’s largest data centre in India prepares to open by mid-2026, and Oxford Properties and Investa mark the completion of a Melbourne build-to-rent project.

Asia Standard Hotel Struggles to Refinance $174M Loan After Evergrande Loss

Asia Standard Hotel Holdings, a unit of Hong Kong-listed Asia Standard International Group which owns five hotels under the Empire brand, is struggling to refinance a HK$1.36 billion ($173.6 million) loan due next week. The company has been seeking to roll over the borrowing after suffering losses on its investment in China Evergrande bonds.

The hotel operator had yet to secure sufficient lender backing as of Monday, according to people familiar with the matter. Read more>>

Microsoft’s Largest India Data Centre on Track for Mid-2026 Opening

Microsoft’s largest data centre in India is on track to open by mid-2026, country head Puneet Chandok said, citing massive demand for Azure cloud services and its Copilot 365 AI assistant in the country.

Microsoft sees India, with more than 1 billion internet users and deep tech talent, as a key market for AI services as it looks to justify its heavy investment in the sector. Read more>>

Oxford and Investa Open Indi Footscray BTR in Melbourne

Oxford Properties Group and Investa have officially opened the Indi Footscray build-to-rent development in Melbourne’s inner west, marking the completion of the joint project.

A ribbon-cutting ceremony brought together local officials including Katie Hall, member of parliament for Footscray, City of Maribyrnong mayor Mohamed Semra, builder Icon and architect SJB. Read more>>

Able Engineering Wins $208M Tung Chung Land Bid, Topping Major Developers

Hong Kong construction firm Able Engineering has secured a residential site in Tung Chung for HK$1.63 billion ($208 million), outbidding five groups of major developers in the city. The winning bid exceeded analyst estimates that ranged between HK$960 million and HK$1.5 billion.

The 152,332 square foot (14,152 square metre) plot is expected to yield up to 533,172 square feet of gross floor area and accommodate 990 homes. Read more>>

China Resources Land Gets Exchange Approval for Shenzhen REIT Spinoff

China Resources Land has received approval from the Hong Kong stock exchange to proceed with its proposed spinoff of a commercial REIT on the Shenzhen Stock Exchange, the company said. The exchange also granted the company a waiver from the assured entitlement requirement for shareholders.

The listing remains subject to prevailing market conditions and review by the Shenzhen exchange and the China Securities Regulatory Commission, the company said. Read more>>

Hilton Signs Deal for First Hilton Garden Inn in Hyderabad

Hilton has signed an agreement to open a Hilton Garden Inn in Hyderabad’s Kompally district, marking the hospitality company’s third property in the Indian city and its first Hilton Garden Inn there. The hotel is being developed by Fairmount and Friends LLP, part of the Fairmount Group.

Expected to open in 2028, the property will benefit from Hyderabad’s emergence as a hub for global business, IT and life sciences operations, with the city accounting for nearly half of all new global capability centre establishments in India between 2025 and early 2026. Read more>>

Moody’s Says Hong Kong Residential Recovery on Track Despite Rate Risk

Hong Kong’s residential property market recovery is unlikely to be derailed by interest rate risks, as demand is supported by professionals relocating to the city and rising rents, according to Moody’s Ratings.

The credit rating agency said it expects residential prices to increase in 2026, supported by lower mortgage rates and homebuyer demand from talent inflows and buyers from mainland China. Read more>>

Centuria REIT Sells $134M in Assets at 17% Premium to Book Value

Australia’s largest listed pure-play industrial fund, Centuria Industrial REIT, divested four assets worth A$188 million ($133.6 million) during the third quarter of its 2026 financial year, at an average 17 percent premium to book value, the company said.

The fund also agreed 14,373 square metres (154,710 square feet) of lease terms across its portfolio, with year-to-date re-leasing spreads averaging 36 percent, the company said. Read more>>

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