Prices of private homes in Singapore rose by 3.5 percent in from April through June, compared with the first three months of the year, accelerating from first-quarter growth of 0.7 percent, according to figures released Friday by the Urban Redevelopment… Read More>>
ESR Buys Business Park in Shanghai’s Pharma Valley as First Life Sciences Asset
ESR has acquired a business park in the Shanghai biotech cluster known as Zhangjiang Pharma Valley, marking the industrial specialist’s first-ever life sciences asset.
Hong Kong-listed ESR bought the two-building campus from mainland developer Yango for an undisclosed price earlier… Read More>>
Hong Kong’s Office Market Shrank By 96,800 Square Feet Last Month
Hong Kong’s Grade A office market shrank by 96,800 square feet (8,993 square metres) in June, doing an about-face after eight straight months of positive take-up, according to JLL.
Overall vacancy in the city edged up to 9.4 percent at… Read More>>
French Fund Manager Latest to Join Migration to Singapore
Paris-based investment group La Francaise will open a Singapore office at Frasers Tower in Tanjong Pagar, becoming the latest global fund manager to establish a beachhead in the Southeast Asian powerhouse.
Singapore is just the third Asia Pacific market for… Read More>>
New World Approved to Redevelop Hong Kong’s State Theatre as Mixed-Use Project
A decade after it began acquiring parts of Hong Kong’s State Theatre complex, New World Development has won approval from the Buildings Department to redevelop the historic site into a mixed-use project.
The development in North Point will have a… Read More>>
Link REIT CEO Still in Buying Mode as Downturn Sparks Opportunity: MTD TV Asia REIT Forum 2022
https://player.vimeo.com/video/731224122?h=00627844c1Video can’t be loaded because JavaScript is disabled: Asia REIT Forum 2022: Spotlight Interview with Link REIT CEO George Hongchoy (https://player.vimeo.com/video/731224122?h=00627844c1)
After buying 17 assets in 15 months for a total of HK$26 billion ($3.3 billion),… Read More>>
GIC-Backed ESR Fund Acquires Five Melbourne Industrial Properties for $73.5M
Industrial specialist ESR has expanded its footprint in Greater Melbourne with the acquisition of five income-producing properties via a GIC-backed fund for A$106.5 million ($73.5 million).
The assets in the suburbs of Truganina, Kilsyth, Keysborough, Port Melbourne and Dandenong in… Read More>>
Junior Tycoon Buys Developer Jiayuan’s Hong Kong HQ at 34% Off 2018 Price
A scion of the family behind Hong Kong’s Cheung & Sons conglomerate has swooped on a 14th-floor unit at 9 Queen’s Road Central, picking up the headquarters of troubled mainland developer Jiayuan International Group for HK$95 million ($12.1 million).
Jiayuan… Read More>>
Keppel Data Centre Fund to Develop $210M Facility Near Beijing
Keppel Data Centre Fund II has entered a partnership with a Tianjin-based conglomerate to develop a RMB 1.4 billion ($210 million) data centre near Beijing, marking Singaporean giant Keppel Corporation’s sixth server-hosting facility in China.
KDCF II will acquire a… Read More>>
Sinar Mas Selling London Building to Malaysia State-Owned Firm for $292M
Sinar Mas Land continues to trade actively in London’s real estate market, with the Singapore-listed property firm on Wednesday announcing a deal to sell a commercial building near Westminster for £247.5 million ($292.3 million).
The developer controlled by Indonesia’s Widjaja… Read More>>
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