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Dai-Ichi Life president and chief executive Toshiaki Sumino

Dai-Ichi Life Sells Japanese Apartments, Nursing Home to Private REIT for $150M

Dai-Ichi Life president and chief executive Toshiaki Sumino

2024/02/12 by Mingtiandi Team Leave a Comment

Japanese rental residential properties continue to be a preferred play among investors, with a private REIT sponsored by Japan’s third largest insurer this month purchasing 15 apartment buildings and a nursing home in Asia’s second largest economy for JPY 22.3… Read More>>

Japanese rental residential properties continue to be a preferred play among investors, with a private REIT sponsored by … Read more>>>

Alex Yeung of Emperor International Group

Villa on Hong Kong’s Shouson Hill Sells for $63.7M

Alex Yeung of Emperor International Group

2024/02/12 by Christopher Caillavet Leave a Comment

A luxury villa at the 15 Shouson development in Hong Kong Island’s Deep Water Bay has sold for HK$498.1 million ($63.7 million), breathing life into the ailing local housing market as the Year of the Dragon gets underway.

House 5… Read More>>

A luxury villa at the 15 Shouson development in Hong Kong Island’s Deep Water Bay has sold for HK$498.1 million ($63.7 … Read more>>>

Irene Lee Hysan

Hysan Previews $115M Loss as Investment Markdowns Continue

Irene Lee Hysan

2024/02/12 by Christopher Caillavet Leave a Comment

Hong Kong’s Hysan Development warned of a 2023 attributable loss on the order of HK$900 million ($115 million) in an update issued without fanfare on Chinese New Year’s Eve.

The expected loss marks a narrowing of the HK$1.16 billion shortfall… Read More>>

Hong Kong’s Hysan Development warned of a 2023 attributable loss on the order of HK$900 million ($115 million) in an … Read more>>>

Sunac Sun Hongbin

Sunac Exiting Stake in Sichuan Resort Project for $552M and More Asia Real Estate Headlines

Sunac Sun Hongbin

2024/02/12 by Ponrath Sopannarath Leave a Comment

Troubled mainland developer Sunac China did some spring cleaning just before the lunar new year holiday, with the company’s announcement of a $552 million Sichuan disposal leading Mingtiandi’s headline roundup today. Also in the news, KKR signs a deal to… Read More>>

Troubled mainland developer Sunac China did some spring cleaning just before the lunar new year holiday, with the … Read more>>>

Tom Woolhouse JLL

Asia Real Estate People in the News 2024-02-12

Tom Woolhouse JLL

2024/02/12 by Michael Cole Leave a Comment

In this lunar new year edition of People in the News, Mingtiandi brings you a roundup of all the top executives getting a their red packets this holiday season, including industrial veteran Tom Woolhouse, who is taking on a new… Read More>>

In this lunar new year edition of People in the News, Mingtiandi brings you a roundup of all the top executives getting … Read more>>>

George Hongchoy, Executive Director & Chief Executive Officer, Link Asset Management Limited

Link REIT Buying Remaining 50% of Shanghai Mall from Vanke for $335M

George Hongchoy, Executive Director & Chief Executive Officer, Link Asset Management Limited

2024/02/11 by Kevin He Leave a Comment

One of Asia’s biggest retail landlords has been doing some pre-New Year shopping in China’s discounted property market, with Link REIT announcing on Friday that it has agreed to buy out China Vanke’s stake in a Shanghai mall to take… Read More>>

One of Asia’s biggest retail landlords has been doing some pre-New Year shopping in China’s discounted property market, … Read more>>>

Anne Valentine Andrews of Manulife Investment

Former BlackRock Exec Anne Valentine Andrews to Head Private Markets for Manulife IM

Anne Valentine Andrews of Manulife Investment

2024/02/11 by Christopher Caillavet Leave a Comment

Former BlackRock real estate boss Anne Valentine Andrews will join Manulife Investment Management next month as global head of private markets, the Canadian firm announced this week.

Valentine Andrews will lead all investment teams and direct the overall strategy, business… Read More>>

Former BlackRock real estate boss Anne Valentine Andrews will join Manulife Investment Management next month as global … Read more>>>

ChingChiatKwong oxley holding

Singapore’s Oxley Swings to Six-Month Loss as Revenue Drops 63%

ChingChiatKwong oxley holding

2024/02/11 by Christopher Caillavet Leave a Comment

Singaporean developer Oxley Holdings posted a fiscal first-half loss attributable to shareholders of S$1.1 million, reversing a year-earlier profit of S$300,000, as revenue plunged 63 percent year-on-year to S$164.4 million ($122 million).

The reduced revenue haul in the six months… Read More>>

Singaporean developer Oxley Holdings posted a fiscal first-half loss attributable to shareholders of S$1.1 million, … Read more>>>

Goldman Sachs Gives Up Office Floor in Hong Kong and More Asia Real Estate Headlines

2024/02/11 by Ponrath Sopannarath Leave a Comment

US investment bank Goldman Sachs has relinquished a floor in Hong Kong’s Causeway Bay, with that story leading Mingtiandi’s headline roundup today. Also in the news, data centre group Equinix announces its first long-term renewable energy deal in Asia Pacific… Read More>>

US investment bank Goldman Sachs has relinquished a floor in Hong Kong's Causeway Bay, with that story leading … Read more>>>

KKR Japan CEO Hiro Hirano

KKR Japan REIT Acquiring Tokyo Apartments in 12th Multi-Family Buy in One Year

KKR Japan CEO Hiro Hirano

2024/02/08 by Poonyapat Luenam Leave a Comment

KKR’s TSE-listed REIT is making its 12th apartment purchase in less than one year as its manager announced on Wednesday the acquisition of four Tokyo rental residential assets for JPY 9.5 billion ($64 million) from a subsidiary of Daiwa House.

… Read More>>

KKR’s TSE-listed REIT is making its 12th apartment purchase in less than one year as its manager announced on Wednesday … Read more>>>

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