The countdown to Mingtiandi’s first in-person event of 2024 has reached the two-week mark, with more than 250 industry professionals expected to attend the Hong Kong Focus Forum at the Ritz-Carlton at the ICC on 14 May.
The forum will… Read More>>
Japan, South Korea Deals Boost APAC Real Estate Investment by 13%: JLL
Asia Pacific was the sole global region to see growth in commercial real estate investment in the first quarter of 2024, as deal volume rose 13 percent year-on-year to reach $30.5 billion, according to JLL.
The mature markets of North… Read More>>
OUE Wins Tender for Development and Lease of Changi Airport Hotel
Changi Airport has awarded a tender to OUE for the development and lease of a new hotel at the Singapore airfield’s Terminal 2.
The proposed 255-key Hotel Indigo Changi Airport is envisioned as the city-state’s first zero-energy hotel, Changi Airport… Read More>>
CapitaLand Investment Q1 Revenue Down 0.2% and More Asia Real Estate Headlines
Temasek-controlled CapitaLand Investment posts a marginal dip in first-quarter revenue, with that story leading Mingtiandi’s headline roundup today. Also making the cut, Singapore’s URA reports rising private home prices, while SGX-listed Far East Orchard buys a 49 percent stake in… Read More>>
Hines Buys Greater Osaka Orix Shed to Expand in Japan
Hines has acquired a fully leased warehouse in Greater Osaka for an undisclosed price, with the announcement coming less than two weeks after the US developer and fund manager revealed its purchase of an office building in central Tokyo.
Hines… Read More>>
Hotel Project on Singapore’s Orchard Road on Market for $143M
A long-delayed boutique hotel project in Singapore’s Orchard Road area has been put up for sale at an indicative price of S$195 million ($143.3 million), CBRE said Thursday.
The 115-key project is being offered to potential buyers via an expression… Read More>>
CapitaLand Ascott Trust Q1 Gross Profit Up 15% on More Demand, Bigger Portfolio
CapitaLand Ascott Trust achieved a 15 percent increase in gross profit during the first quarter of this year, compared with the same period in 2023, with the trust’s managers citing sustained lodging demand and expansion of its portfolio as boosting… Read More>>
Mapletree Pan Asia Commercial Trust DPU Falls 7.3%, Income Jumps Post-Merger
Mapletree Pan Asia Commercial Trust said its distribution per unit fell 7.3 percent in the fiscal year to the end of March, squeezed by higher interest rates, but net property income jumped 15.2 percent on the post-merger expansion of the… Read More>>
Warburg-Backed StorHub Names Raju Ruparelia CEO in Growth Drive
Just over one month after expanding into its seventh major market, StorHub Group on Tuesday announced the hiring of Raju Ruparelia as CEO, succeeding Mike Hagbeck at the helm of the Asia Pacific self-storage operator.
Hagbeck, co-founder and CEO for… Read More>>
Keppel REIT Q1 Net Property Income Jumps 7.2% on Singapore Office Strength
SGX-listed Keppel REIT reported first-quarter net property income of S$48.2 million ($35.4 million), up 7.2 percent from a year earlier, underpinned by higher Singapore rentals and the contribution from a completed office project in Sydney.
The NPI increase was supported… Read More>>
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