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OCT Chairman Zhang Dafan

Overseas Chinese Town Sells Shanghai Bulgari Hotel for $344M

OCT Chairman Zhang Dafan

2023/12/28 by Kevin He Leave a Comment

State-owned mainland developer Overseas Chinese Town (OCT) has agreed to sell the Bulgari Hotel in Shanghai, as the indebted builder offloads an unprofitable project amidst plummeting revenues and a slow recovery in China’s tourism market.

Building materials maker Jiangsu Jinfeng… Read More>>

State-owned mainland developer Overseas Chinese Town (OCT) has agreed to sell the Bulgari Hotel in Shanghai, as the … Read more>>>

Suchad Chiaranussati, SC Capital Partners

Japan Hotel REIT Buys 170-Room Yokohama Asset for $28M as Demand Recovers

Suchad Chiaranussati, SC Capital Partners

2023/12/28 by Christopher Caillavet Leave a Comment

Japan Hotel REIT has completed its acquisition of a 170-room property in central Yokohama for JPY 4 billion ($28 million), the trust’s manager announced late last week.

Hotel JAL City Kannai Yokohama is a limited-service hotel aimed at business and… Read More>>

Japan Hotel REIT has completed its acquisition of a 170-room property in central Yokohama for JPY 4 billion ($28 … Read more>>>

James Yukio Abe of JLL

Kasumigaseki Capital Sells Kyoto Hotel as Tourism Boosts Hospitality Deals

James Yukio Abe of JLL

2023/12/28 by Christopher Caillavet Leave a Comment

Healthy tourism in Japan continues to fuel a hotel investment boom in Kyoto, with a 75-room property the latest hospitality asset to change hands in the country’s ancient capital.

Tokyo-based real estate investor Kasumigaseki Capital sold the SH by the… Read More>>

Healthy tourism in Japan continues to fuel a hotel investment boom in Kyoto, with a 75-room property the latest … Read more>>>

China's housing sector continue to slide in 2024

Goldman, MS Expect China Housing Misery to Persist and More Asia Real Estate Headlines

China's housing sector continue to slide in 2024

2023/12/28 by Ponrath Sopannarath Leave a Comment

Two of the world’s biggest investment banks expect commitments to China’s housing sector to continue to slide in 2024, with that story leading Mingtiandi’s final roundup of real estate headlines for the year. Also in the news, mainland developer KWG… Read More>>

Two of the world’s biggest investment banks expect commitments to China’s housing sector to continue to slide in 2024, … Read more>>>

Guy Bradley of Swire Properties

Swire Properties Warns of 70% Profit Plunge on Investment Losses

Guy Bradley of Swire Properties

2023/12/27 by Christopher Caillavet Leave a Comment

Swire Properties on Tuesday warned of a 70 percent drop in full-year profit for 2023, laying the blame on a HK$4.5 billion ($580 million) valuation loss in the developer’s investment portfolio.

Hong Kong-based Swire Properties cited a lower fair-value gain… Read More>>

Swire Properties on Tuesday warned of a 70 percent drop in full-year profit for 2023, laying the blame on a HK$4.5 … Read more>>>

Cheng Kar-Shun, NWD

New World Taps China Resources to Develop $1.3B New Territories Residential Project

Cheng Kar-Shun, NWD

2023/12/27 by Christopher Caillavet Leave a Comment

New World Development has teamed with state-controlled China Resources Land on a residential joint venture worth a reported HK$10 billion ($1.28 billion), giving the debt-laden Hong Kong builder a chance to raise cash from farmland it owns in the New… Read More>>

New World Development has teamed with state-controlled China Resources Land on a residential joint venture worth a … Read more>>>

Nomura Real Estate president Satoshi Arai

Nomura Buying Japanese Hotel Manager From Rail Operator Odakyu for $126M

Nomura Real Estate president Satoshi Arai

2023/12/27 by Poonyapat Luenam Leave a Comment

Nomura Real Estate Holdings is buying a Japanese hotel operator from Odakyu Electric Railway as the infrastructure firm continues to struggle with the lingering impact of the pandemic on the travel industry.

Odakyu announced last week that it is divesting… Read More>>

Nomura Real Estate Holdings is buying a Japanese hotel operator from Odakyu Electric Railway as the infrastructure firm … Read more>>>

Sekisui House REIT executive director Atsuhiro Kida

Sekisui House REIT Picking Up Tokyo Apartments, Office Tower for $77M

Sekisui House REIT executive director Atsuhiro Kida

2023/12/27 by Poonyapat Luenam Leave a Comment

Sekisui House REIT has made its biggest splash of 2023, with the TSE-listed trust having announced the acquisition of three Tokyo rental residential assets and an office building in the capital’s Shinjuku district for a total of JPY 11 billion… Read More>>

Sekisui House REIT has made its biggest splash of 2023, with the TSE-listed trust having announced the acquisition of … Read more>>>

Founder of Vietnam’s Novaland Selling Down Stake and More Asia Real Estate Headlines

2023/12/27 by Ponrath Sopannarath Leave a Comment

Vietnamese developer leads today’s collection of real estate headlines as the family behind Novaland sells down its controlling stake to keep the company afloat. Also in the news, China’s central bank replaces its second deputy governor this month and Korean… Read More>>

Vietnamese developer leads today’s collection of real estate headlines as the family behind Novaland sells down its … Read more>>>

Wilson Leung Angelo Gordon

Angelo Gordon Selling Yokohama Office Tower to Orix JREIT for $142M

Wilson Leung Angelo Gordon

2023/12/26 by Poonyapat Luenam Leave a Comment

An Angelo Gordon fund is selling an 18-storey office tower in Japan’s Yokohama city for JPY 20 billion ($142 million) to Orix JREIT.

The TSE-listed trust announced on Monday that it will acquire Shinyokohama Square Building, 36 kilometres (22 miles)… Read More>>

An Angelo Gordon fund is selling an 18-storey office tower in Japan’s Yokohama city for JPY 20 billion ($142 million) to … Read more>>>

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