Asia Pacific real estate investment news and information
Lendlease posted a fiscal first-half loss after tax of A$136 million ($89.2 million), narrowing from a year-earlier loss of A$141 million but casting doubt on the trajectory of the troubled Australian builder’s comeback.
Stung by a A$125 million drop in… Read More>>
Fresh off a record-breaking fourth-quarter report for Brookfield India REIT, the trust’s manager announced some key personnel moves last week.
The REIT’s CEO, Alok Aggarwal, has joined the manager’s board of directors in the capacity of executive director, according to… Read More>>
Singapore brokers welcomed a tax tweak designed to give developers flexibility as they strive to sell the final 10 percent of units at housing projects, although analysts questioned the extent of the rule change’s market impact.
Developers previously owed either… Read More>>
Japan Prime Realty Investment Corporation, a TSE-listed REIT, has agreed to acquire a 53 percent stake in a central Tokyo office building for JPY 28.8 billion ($190 million).
Nakano Central Park East, developed by JPR sponsor Tokyo Tatemono, is a… Read More>>
Four years after setting up a dedicated real estate division and a year and a half after closing on $2 billion in capital for that strategy, Hillhouse Investment has given its property division an independent identity as Rava Partners, according… Read More>>
New private home sales in Singapore fell 29 percent year-on-year last month to 281 units, the lowest January reading in 15 years, according to data released by the Urban Redevelopment Authority on Thursday.
The latest figure, which excludes executive condominium… Read More>>
Mitsui Fudosan achieved a record-high attributable profit of JPY 166.4 billion ($1.1 billion), up 13.1 percent year-on-year, in the fiscal nine months to December, according to an update from Japan’s largest developer.
Operating revenue, operating income and ordinary income also… Read More>>
GLP Capital Partners has set up a fund targeting industrial parks in China with an initial investment capacity of more than $350 million.
The new vehicle will focus on properties catering to advanced research manufacturing (ARM), the asset management arm… Read More>>
Mitsubishi Estate posted a 24.6 percent year-on-year decline in attributable profit to JPY 77.5 billion ($520 million) for the fiscal nine months to December as the absence of large capital gains ate into earnings.
Despite a 2.2 percent rise in… Read More>>
Daiwa House Industry reported a net profit for the fiscal nine months to December of JPY 216.2 billion ($1.5 billion), up 30.1 percent year-on-year, as the Japanese developer’s net sales reached a record high.
The blowout earnings were due in… Read More>>
