Asia Pacific real estate investment news and information
Singapore’s CapitaLand Investment has established a China data centre development fund with plans to invest in two Greater Beijing hyperscale projects that are seen adding S$1 billion ($750 million) to the firm’s funds under management upon completion.
The equity committed… Read More>>
Hong Kong’s finance chief delivered the city’s budget in a speech on Wednesday, with the planning document introducing tax cuts for first-time buyers of small homes as the government tries to jump-start sales in the world’s least affordable housing market.
In today’s roundup of regional news headlines, Australia’s AirTrunk begins construction on the second phase of its second Tokyo data centre, and Singapore’s Hong Heng Mansions launches a collective sale.
AirTrunk Breaks Ground on Second Phase of… Read More>>
A data centre joint venture between Mitsubishi Corporation and Digital Realty has opened a fourth building at its Osaka campus, with the latest phase offering up to 21 megawatts of IT capacity.
The addition of the new facility, dubbed KIX13,… Read More>>
In today’s roundup of regional news headlines, mainland developer DaFa announces the resignation of its auditor, and HSBC’s CEO offers an upbeat take on China’s beleaguered property sector.
EY Resigns as DaFa Auditor Over 2022 Results Dispute… Read More>>
Japan Prime Realty Investment Corporation is upgrading its portfolio with the purchase of a 23-storey commercial building in central Tokyo’s Chiyoda special ward for JPY 6.49 billion ($48 million) and the sale of a mid-sized office block in the same… Read More>>
Princeton Digital Group on Monday announced a $1 billion investment plan in which the company will develop data centres in its home city of Singapore and in the nearby markets of Batam and Johor as an extension of its Lion… Read More>>
In today’s roundup of regional news headlines, troubled developer Jingrui Holdings defaults on an offshore bond that came due this week, and Singapore sovereign fund GIC’s joint venture with Dream Industrial REIT completes its $4.4 billion acquisition of Summit REIT.
China Aoyuan Group has agreed to sell a 29.9 percent stake in its property management unit for HK$256 million ($32.6 million), as the Guangzhou-based developer continues to unload assets after defaulting on $1.09 billion in offshore debt last year.
Aoyuan… Read More>>
After two deadline extensions, Gordon and Celine Tang have hit the magic number in their take-private bid for Singapore-listed Chip Eng Seng, with the mainland money managers securing acceptances from more than 90 percent of the builder’s shareholders by the… Read More>>
