Japan’s multi-family market is set to continue to be a top investment target for institutional investors despite a decline in average yields in the sector, with senior industry executives pointing to dependable tenant demand and reliable returns as key advantages.
CapitaLand Said Investing $1.5B to Acquire Projects From Vietnam’s VinGroup
Singaporean heavyweight CapitaLand Group is in talks to purchase Vietnamese real estate projects worth $1.5 billion from the country’s largest listed developer, Vinhomes JSC, according to an account by Reuters on Monday.
CapitaLand is in talks with the Hanoi-based firm… Read More>>
Hines Opens Tsim Sha Tsui Project as First Hong Kong Rental Residential Venture
Hines on Friday announced the official opening of its first-ever rental apartment complex in Hong Kong as the US developer continues to expand its bets on multi-family residential in Asia Pacific.
Dash on Prat, an 18-storey co-living facility in the… Read More>>
Brookfield, LaSalle, VLinker Point to China Rental Residential Rebound – MTD TV
China’s lifting of its stringent zero COVID regime late last year has provided a fresh spark for rental residential ventures in the country, top executives from Brookfield Asset Management, LaSalle Investment Management and VLinker said in a forum on… Read More>>
Singapore’s Ho Bee Land Sells Industrial Assets After Rise in Current Liabilities
Just over a year after buying a landmark office building in London for £718 million (then $972 million), Singapore’s Ho Bee Land is selling off assets in its home market with the stock exchange having recently queried the developer over… Read More>>
Warburg Pincus, Weave See Asia Shifting to Rental Homes – MTD TV
Rental housing options are catching on in Asia Pacific’s urban hubs as societies rethink home ownership and governments encourage build-to-rent strategies in the face of unaffordable residential prices, according to top executives from Warburg Pincus and rental housing startup Weave… Read More>>
Condo in Singapore’s Orchard Area Leases for Record High Price
A condo in the Orchard Road area has leased for a record S$15.60 per square foot per month, setting a new high-water mark in Singapore’s apartment market with analysts seeing the potential for even pricier deals in the future.
An… Read More>>
Creditors Close in on Sale of Evergrande Founder’s Seized $112M Hong Kong Mansion
Evergrande boss Xu Jiayin still holds the reins of what was once China’s biggest builder, but his pile of assets is getting whittled down with an HK$880 million ($112.1 million) mansion formerly held by the developer said to be nearing… Read More>>
Rental Housing Operator Weave Opens First Location in Singapore
Weave Living opened its first location in Singapore this week with the facility in Kampong Glam half leased at rents exceeding expectations, Sachin Doshi, founder and chief executive of the Hong Kong-based startup told Mingtiandi on Thursday.
The Warburg Pincus-backed… Read More>>
ARA Sells Half Stake in Singapore’s Lazada One to Sumitomo Mitsui-Backed Fund for $269M
ESR’s ARA Asset Management has divested its half stake in a Singapore office project to a fund backed by Japanese giant Sumitomo Mitsui Finance and Leasing Company (SMFL) for S$362.4 million ($269.3 million), Mingtiandi has learned.
A fund managed by… Read More>>
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