Singapore’s private homes have surpassed Hong Kong’s as the most expensive in Asia Pacific with a median price of $1.20 million per unit, according to research by the Urban Land Institute.
Homes in Hong Kong cost an average of $1.16… Read More>>
Swire Unveils $1B Finishing Touch to Miami Project and More Asia Real Estate Headlines
In today’s roundup of regional real estate headlines, Hong Kong’s Swire Properties reveals plans for the last phase of its Brickell Key complex in Miami, and a report says the Chinese government is readying another round of support measures for… Read More>>
Singapore’s IREIT Buying 17 French Retail Properties for $82M
Singapore-listed IREIT Global has agreed to acquire a portfolio of 17 retail properties across France for €76.8 million ($82 million), as the Europe-focused trust continues to diversify its holdings beyond the office sector.
Classified as out-of-town retail parks, the freehold… Read More>>
Anthea Lee Exiting Keppel DC REIT as Manager Names Loh Hwee Long New CEO
The manager of Keppel DC REIT has announced the appointment of Loh Hwee Long as CEO of the Singapore-listed data centre trust to succeed departing chief Anthea Lee.
Loh, who currently serves as chief investment officer of Keppel Data Centres,… Read More>>
Canada’s CDPQ Reportedly Closing Shanghai Office and More Asia Real Estate Headlines
In today’s roundup of regional real estate headlines, Canada’s second-largest pension fund reportedly pauses investment in China, and Sichuan-based developer Languang is set to lose its listing on the Shanghai Stock Exchange after nine years of trading. Also in the… Read More>>
Hong Kong’s Link REIT Posts 5.4% Revenue Rise as Portfolio Grows
Hong Kong’s Link REIT posted revenue growth of 5.4 percent to HK$12.2 billion ($1.6 billion) for the 12 months ended in March, as the total distributable amount for Asia’s largest listed trust edged up 0.6 percent to HK$6.3 billion despite… Read More>>
Sino-Ocean Group Selling Beijing Mall to Mainland Retailer for $50M
Sino-Ocean Group has agreed to sell a Beijing shopping centre and the property’s parking area for a total of RMB 359.2 million ($50.6 million), as the state-backed Chinese developer continues a string of asset disposals in the wake of last… Read More>>
Wanda Explores Sale of Digital Payments Unit and More Asia Real Estate Headlines
In today’s roundup of regional real estate headlines, Dalian Wanda’s dealmaking continues as the group shops its payment unit to prospective buyers, and South Korean pension giant NPS reports a healthy first-quarter return fuelled by local stocks. Also in the… Read More>>
Upgrade Demand Drives Hong Kong Office Leasing as Tenants Give Up More Space
New leasing in Hong Kong’s Grade A office market is being driven mainly by upgrade demand amid more completions this year, according to JLL.
An estimated 3.2 million square feet (297,290 square metres) of new Grade A space is scheduled… Read More>>
Tishman Speyer Hires D&D Executive Jerry Park to Guide APAC Acquisitions
Tishman Speyer has made a key hire in its newly opened Seoul office, with the US developer and fund manager bringing aboard Jerry Hyunjae Park as senior director of acquisitions.
South Korean native Park has spent more than a decade… Read More>>
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