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PropertyGuru chief executive officer Hari V. Krishnan

PropertyGuru Exiting Indonesia as SE Asia Expansion Fails to Produce Profit

PropertyGuru chief executive officer Hari V. Krishnan

2023/08/22 by Beatrice Laforga Leave a Comment

PropertyGuru, an online property marketplace backed by KKR and TPG, plans to pull out of the Indonesian market this year as Singapore firm retreats from a Southeast Asian expansion that has generated three years of red ink.

In a statement… Read More>>

PropertyGuru, an online property marketplace backed by KKR and TPG, plans to pull out of the Indonesian market this year … Read more>>>

FEC chairman and CEO David Chiu

Hong Kong-Backed Star Entertainment Sued for $270M by Brisbane Casino Contractor

FEC chairman and CEO David Chiu

2023/08/22 by Christopher Caillavet Leave a Comment

Australia’s Star Entertainment Group has been sued in a Queensland court by the contract builder of a Brisbane resort and casino project co-owned with Hong Kong-based partners Chow Tai Fook Enterprises and Far East Consortium.

The claim by Multiplex Constructions… Read More>>

Australia’s Star Entertainment Group has been sued in a Queensland court by the contract builder of a Brisbane resort … Read more>>>

Jeffrey Shen ESR

ESR Taps China Insurer to Launch RMB Income Fund With $1.4B Investment Capacity

Jeffrey Shen ESR

2023/08/22 by Christopher Caillavet Leave a Comment

ESR has established its largest-ever onshore income fund in China, launching with a total investment capacity of RMB 10 billion ($1.4 billion).

The Hong Kong-listed industrial giant is partnering with one of China’s leading insurance firms on the fund, which… Read More>>

ESR has established its largest-ever onshore income fund in China, launching with a total investment capacity of RMB 10 … Read more>>>

Frasers Tower SG

Frasers Lands Green Loan for Singapore Tower and More Asia Real Estate Headlines

Frasers Tower SG

2023/08/22 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, Singapore-based Frasers Property refinances a large loan coming due next month, and Hong Kong investor Eric Chu tries to dump assets in a weak market. Also making the cut are developers on the… Read More>>

In today’s roundup of regional news headlines, Singapore-based Frasers Property refinances a large loan coming due next … Read more>>>

John Mowat UBS

UBS AM Bets Big on Japan Multi-Family With $230M Tokyo Development Project

John Mowat UBS

2023/08/21 by Christopher Caillavet Leave a Comment

UBS Asset Management has launched a multi-family development project in east-central Tokyo that is expected to be worth $230 million upon completion, as Japan’s red-hot rental residential market continues to soak up foreign capital.

The project in Koto ward’s Kiba… Read More>>

UBS Asset Management has launched a multi-family development project in east-central Tokyo that is expected to be worth … Read more>>>

Jeffrey Shen ESR

ESR Selling 30% Stake in Hong Kong Cold Chain Project to Mainland Investor

Jeffrey Shen ESR

2023/08/21 by Christopher Caillavet Leave a Comment

ESR has agreed to sell a 30 percent stake in its Kwai Chung Cold Storage Logistics Centre project in Hong Kong to an unnamed “strategic investor” from mainland China.

With the transaction, ESR will reduce its own stake in the… Read More>>

ESR has agreed to sell a 30 percent stake in its Kwai Chung Cold Storage Logistics Centre project in Hong Kong to an … Read more>>>

Chavalit Frederick Tsao, chairman of IMC Group

Shipping Firm IMC Buys Office Floor Near Singapore’s Orchard Road for $18M

Chavalit Frederick Tsao, chairman of IMC Group

2023/08/21 by Beatrice Laforga Leave a Comment

An investment company which controls one of Asia’s largest family-owned shipping firms has snapped up an office floor near Singapore’s Orchard Road for S$24 million ($17.7 million) as the city-state’s strata office market continues to gather steam.

IMC Group, founded… Read More>>

An investment company which controls one of Asia's largest family-owned shipping firms has snapped up an office floor … Read more>>>

China Beijing PBOC

China Holds Mortgage Rate Steady in Surprise Move and More Asia Real Estate Headlines

China Beijing PBOC

2023/08/21 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, China’s central bank dashes market expectations by leaving a mortgage reference rate on hold, and Singapore’s Housing and Development Board tweaks the policy framework for build-to-order flats. Also on the list are Evergrande’s… Read More>>

In today’s roundup of regional news headlines, China’s central bank dashes market expectations by leaving a mortgage … Read more>>>

Patrick Boocock, CapitaLand Investment

Panel: Opportunities for Data Centres in Japan and Korea MTD TV APAC Data Centre Forum 2023

Patrick Boocock, CapitaLand Investment

2023/08/21 by Danita Phaopat Leave a Comment

With an IT industry ranked as the world’s third largest at JPY 51 trillion ($370 billion), Japan is looking to double its battery of server racks from around 138,000 in 2023 to 272,000 in 2027, according to Fuji Chimera Research… Read More>>

With an IT industry ranked as the world’s third largest at JPY 51 trillion ($370 billion), Japan is looking to double … Read more>>>

Paul Dwyer, Head of Data Centres, LOGOS

Panel: Investing in Asia’s Hyperscale Market MTD TV APAC Data Centre Forum 2023

Paul Dwyer, Head of Data Centres, LOGOS

2023/08/21 by Danita Phaopat Leave a Comment

As tech giants look to meet surging demand for data processing and compete to advance development of AI tools, the global hyperscale market is forecast to grow at a compounded annual rate of 20 percent from 2021 to 2026. Catering… Read More>>

As tech giants look to meet surging demand for data processing and compete to advance development of AI tools, the … Read more>>>

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