Leading today’s roundup of regional news headlines, Hong Kong records its second land-sale flop of the year after a Kowloon East redevelopment site attracts a lone bid.
URA Withdraws Kwun Tong Land Sale That Drew Only One… Read More>>
Swire Properties Buys 40% Stake in Bangkok Residential Site From HKRI for $73M
Swire Properties has acquired a 40 percent interest in a residential development site in central Bangkok for THB 2.4 billion ($73 million), with the Hong Kong-based developer making good on a pledge to beef up its pipeline of projects in… Read More>>
Vietnam’s Lodgis to Expand Hotel Network, Enter Korea Alongside Hanwha Group
Lodgis Hospitality Holdings on Wednesday announced a tentative agreement with South Korea’s Hanwha Group on development, investment and management of future hotel and resort projects across Asia.
The chief executives of Warburg Pincus-backed Lodgis and Hanwha Hotels & Resorts signed… Read More>>
Chip Eng Seng Offer Deadline Extended 2 Weeks and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Gordon and Celine Tang delay the closing date of their offer for Singapore’s Chip Eng Seng to mid-February, and more Chinese cities lower mortgage rates to encourage first-time homebuyers.
Tangs… Read More>>
APAC Commercial Real Estate Investment Fell 27% to $129B in 2022: JLL
Commercial real estate investment in Asia Pacific plunged 27 percent year-on-year in 2022 to $129 billion, as a tightening interest rate cycle and global macroeconomic uncertainties drove decision-making, according to JLL.
The fourth quarter alone saw a 41 percent year-on-year… Read More>>
APAC Private Real Estate Fundraising Dipped 6% to $30B Last Year: Realfin
Fundraising for private real estate strategies targeting the Asia Pacific region suffered a 6 percent drop in 2022, but still vastly outperformed efforts in Europe and North America, according to data provider Realfin.
Last year saw 79 APAC real estate… Read More>>
Twelve Chinese Cities See New Home Prices Rise and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a survey finds an increasing number of Chinese cities reporting a rise in new home prices amid a string of stimulus policies and the relaxation of COVID containment measures.
More… Read More>>
Dexus Opens Singapore Office, Hires Brian Kwon as Head of Distribution for Asia
Australian property major Dexus is extending its regional reach with the opening of a new office in Singapore and the hiring of Brian Kwon as head of distribution for Asia.
The Singapore office will support the growth of Dexus’s funds… Read More>>
CBRE IM Appoints Vida Tandean as Head of Indirect Private Real Estate Strategies in Asia
CBRE Investment Management has bolstered its regional roster with the hiring of Vida Tandean as head of Asia investments for indirect private real estate strategies.
Based in Singapore, Tandean will source, execute and manage all aspects of the investment and… Read More>>
Seasonal Lull Thumps Singapore Condo Resales and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a report says resale transactions of Singapore condo units tumbled for a third month in a row as viewings slowed, and Hong Kong’s home price downturn puts more owners in a negative equity… Read More>>
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