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Shaw Towers

Downtown Singapore Office Rent Growth Set to Slow to 2% in 2024 as Supply Surges

Shaw Towers

2023/12/26 by Christopher Caillavet Leave a Comment

Growth in Grade A office rents in downtown Singapore is expected to taper to 2 percent next year from 2023 levels amid a surge in new supply, according to Cushman & Wakefield.

After rising 6.5 percent in 2022 and an… Read More>>

Growth in Grade A office rents in downtown Singapore is expected to taper to 2 percent next year from 2023 levels amid a … Read more>>>

Joe Tsai - Alibaba

Hong Kong Warehouse Rents Fell 0.5% in Q3 Amid Trade Weakness

Joe Tsai - Alibaba

2023/12/26 by Christopher Caillavet Leave a Comment

Warehouse rents in Hong Kong declined 0.5 percent year-on-year in the third quarter of 2023 as logistics demand continued to diminish and warehouse tenants refrained from actively seeking expansion opportunities, according to Savills.

The Asian finance hub’s logistics sector has… Read More>>

Warehouse rents in Hong Kong declined 0.5 percent year-on-year in the third quarter of 2023 as logistics demand … Read more>>>

Ming Mei

GCP Reaches $420M Final Close on China Income Fund and More Asia Real Estate Headlines

Ming Mei

2023/12/26 by Ponrath Sopannarath Leave a Comment

Industrial giant GLP leads the region’s real estate headlines on Boxing Day, with the company raising another $420 million with the closing of a mainland income fund. Also in the news, tiny Singapore is set to get a bit bigger… Read More>>

Industrial giant GLP leads the region’s real estate headlines on Boxing Day, with the company raising another $420 … Read more>>>

John Corcoran Global Switch

Asia Real Estate People in the News 2023-12-25

John Corcoran Global Switch

2023/12/25 by Michael Cole Leave a Comment

In this special Christmas edition of People in the News, the boss of a leading data centre operator heads for new horizons, one of China’s biggest real estate investors names a new chairman following a corruption scandal and Shanghai announces… Read More>>

In this special Christmas edition of People in the News, the boss of a leading data centre operator heads for new … Read more>>>

Chedli Boujellabia, Managing Partner and CEO, Alyssa Partners

Alyssa Partners, Dai-Ichi Life Buy $140M in Japanese Rental Apartments

Chedli Boujellabia, Managing Partner and CEO, Alyssa Partners

2023/12/22 by Michael Cole Leave a Comment

After acquiring Japanese properties with some of the largest investors from Europe and North America, investment manager Alyssa Partners has teamed up with Japan’s third largest insurer to buy a portfolio of Japanese rental apartments with market sources indicating the… Read More>>

After acquiring Japanese properties with some of the largest investors from Europe and North America, investment manager … Read more>>>

SBI’s Nippon REIT Buying Four Assets for $40M, Offloading Nagoya Apartments

2023/12/22 by Christopher Caillavet Leave a Comment

Nippon REIT will buy four properties in Tokyo, Nagoya and Sendai for a total of JPY 5.65 billion ($40 million) and sell a separate Nagoya asset for JPY 835 million ($5.9 million), the TSE-listed trust announced Thursday.

The top completed… Read More>>

Nippon REIT will buy four properties in Tokyo, Nagoya and Sendai for a total of JPY 5.65 billion ($40 million) and sell … Read more>>>

Kwek Leng Beng CDL

CDL Warns of Substantial Drop in Annual Profit After Posting Record Numbers in 2022

Kwek Leng Beng CDL

2023/12/22 by Beatrice Laforga Leave a Comment

City Developments Ltd (CDL) has warned investors about a “substantial” annual drop in its profit for full-year 2023 as the Singapore property heavyweight faces rising borrowing costs and slowing asset divestments.

CDL late Thursday issued a statement indicating that it… Read More>>

City Developments Ltd (CDL) has warned investors about a “substantial” annual drop in its profit for full-year 2023 as … Read more>>>

Mercatus Said Selling Singapore Retail Assets and More Asia Real Estate Headlines

2023/12/22 by Ponrath Sopannarath Leave a Comment

One year after selling off a portfolio of shopping centres to Link REIT, Singapore’s Mercatus is said to be selling off a set of shops, with that story leading Mingtiandi’s holiday headline roundup. Also making the list on Santa’s big… Read More>>

One year after selling off a portfolio of shopping centres to Link REIT, Singapore’s Mercatus is said to be selling off … Read more>>>

SGX-Listed REIT Selling Underperforming Spanish Asset and More Asia Real Estate Headlines

2023/12/22 by Ponrath Sopannarath Leave a Comment

The dismal outlook for an office property in sunny Barcelona leads today’s roundup of headlines from around Asia Pacific, with Singapore’s IREIT Global selling an office asset in the Spanish city. Also in the news, a 1970s Singapore housing project… Read More>>

The dismal outlook for an office property in sunny Barcelona leads today’s roundup of headlines from around Asia … Read more>>>

Robert Ng of Sino Land

Sole Bidder Sino Land Wins Lantau Island Residential Site for $26M

Robert Ng of Sino Land

2023/12/21 by Christopher Caillavet Leave a Comment

Hong Kong’s Lands Department on Wednesday awarded a residential development site on Lantau Island to Sino Land for HK$203.9 million ($26.1 million), defying expectations that the tender might be withdrawn.

The builder controlled by tycoon Robert Ng was the sole… Read More>>

Hong Kong’s Lands Department on Wednesday awarded a residential development site on Lantau Island to Sino Land for … Read more>>>

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