With 314 new sites in development worldwide, the number of hyperscale data centres is expected to pass 1,000 by the end of 2024 — up from 500 five years ago, according to JLL.
The hyperscale market is expected to deliver… Read More>>
Population ‘Time Bomb’ to Hit Hong Kong Housing and More Asia Real Estate Headlines
In today’s roundup of regional headlines, fresh research sounds alarm bells over an ageing population’s impact on the Hong Kong housing supply, and Far East Consortium hits practical completion on Melbourne project. Also in the news, China’s home price growth… Read More>>
CapitaLand Ascendas REIT Buying Seagate Singapore R&D Building for $163M
CapitaLand Ascendas REIT has agreed to acquire an R&D and business park property used by data storage firm Seagate in Singapore’s One North district for S$218.2 million ($163.2 million).
The 2015-vintage building at 26 Ayer Rajah Crescent serves as Seagate’s… Read More>>
Share of Foreign Homebuyers in Singapore Reached 5-Year High in Q1
The proportion of non-landed Singapore homes bought by foreigners or non-permanent residents reached 6.9 percent in the first quarter of 2023, more than doubling from 3.1 percent in the year-earlier period, according to an analysis by OrangeTee & Tie.
The… Read More>>
CapitaLand REIT Buying Shed in Malaysia’s Selangor and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, CapitaLand Malaysia Trust reveals plans to buy its second logistics asset, and a sharp drop in China property investment casts doubt on a robust recovery. Also making the list is a 40 percent… Read More>>
SC Capital Backs China’s Electric Vehicle Future With Suzhou Industrial Project
SC Capital Partners is betting on China’s electric car future, with the real estate fund manager announcing Monday that a joint venture backed by one of the firm’s funds has acquired a high-tech manufacturing project in Suzhou Industrial Park near… Read More>>
Singapore New Home Sales Surged 80% to 7-Month High in April
Sales of new private homes in Singapore shot up 80 percent in April to a seven-month high of 887 units, driven by a pair of project launches in the Rest of Central Region, according to data released by the Urban… Read More>>
Evergrande Hit With $111M Penalty Over Failed Deals and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, defaulted developer China Evergrande loses an arbitration case against a jilted investor, and fellow builder Fantasia Holdings’ debt restructuring plan hits a snag. Also in the news, a son of Hong Kong billionaire… Read More>>
ESR Kendall Square REIT Buys Icheon Logistics Park for $96M, Welcomes Korea’s Team Fresh
ESR Kendall Square REIT has acquired an Icheon logistics park for KRW 127 billion ($96 million), bringing the number of assets in the Korea-listed trust to 18.
The newly purchased asset, due to be completed this month, adds 46,041 square… Read More>>
Hong Kong Commercial Property Investment Fell 10% in Q1 as Retail Took Lion’s Share
Investment volume in Hong Kong’s commercial real estate market fell by 10 percent year-on-year to $1.6 billion in the first quarter of 2023, with small and mid-sized private capital deals dominating as buyers shifted to retail properties, according to JLL.
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