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AirTrunk SGP1 Singapore data centre

Singapore Tops C&W Ranking of APAC Data Centre Markets Ahead of Hong Kong, Sydney

AirTrunk SGP1 Singapore data centre

2022/12/22 by Christopher Caillavet Leave a Comment

Singapore is the top data centre market in Asia Pacific despite a three-year development moratorium that was in place until this past January, with the city-state’s robust connectivity and occupier demand helping it to edge out second-place Hong Kong and… Read More>>

Singapore is the top data centre market in Asia Pacific despite a three-year development moratorium that was in place … Read more>>>

Nelson Wong JLL

Hong Kong Office Leasing Pulls Back in November as Vacancy Nears 12%

Nelson Wong JLL

2022/12/22 by Christopher Caillavet Leave a Comment

Hong Kong’s Grade A office market in November saw tenants give back 44,400 square feet (4,125 square metres) more than they took up as leasing activity slowed towards year-end and large spaces became available in some submarkets, according to JLL.

… Read More>>

Hong Kong’s Grade A office market in November saw tenants give back 44,400 square feet (4,125 square metres) more than … Read more>>>

PF-Rody-Allan-flip

APAC Property Investment Slump to Continue in 2023 With Hotels to Outperform

PF-Rody-Allan-flip

2022/12/22 by Christopher Caillavet Leave a Comment

Asia Pacific real estate investment volume is expected to fall by 5-10 percent in 2023, narrowing from an estimated decline of 25 percent in 2022, as tumultuous economic and financing conditions continue to weigh on sentiment, according to JLL.

Hotels… Read More>>

Asia Pacific real estate investment volume is expected to fall by 5-10 percent in 2023, narrowing from an estimated … Read more>>>

China housing construction

Economist Says China to Fix Housing Missteps and More Asia Real Estate Headlines

China housing construction

2022/12/22 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, a leading Chinese economist says the government will act to correct past policies and halt the property market slump, and Singaporean developer Ho Bee Land warns of a significant profit drop.

Read More>>

In today’s roundup of regional news headlines, a leading Chinese economist says the government will act to correct past … Read more>>>

Hong Kong Tycoon Li Ka-shing

CK Asset Paying $1.1B to Buy Second Hong Kong Residential Site in One Week

Hong Kong Tycoon Li Ka-shing

2022/12/21 by Pawara Laothamatas Leave a Comment

CK Asset Holdings has picked up a residential development site in Hong Kong’s Kai Tak area for HK$8.7 billion ($1.1 billion), according to a Wednesday announcement, breaching the low end of market expectations by about 23 percent as home prices… Read More>>

CK Asset Holdings has picked up a residential development site in Hong Kong’s Kai Tak area for HK$8.7 billion ($1.1 … Read more>>>

Yoshiyuki Chosa

GLP’s Japan Venture Capital Firm Closes on $96M for Maiden Fund

Yoshiyuki Chosa

2022/12/21 by Christopher Caillavet Leave a Comment

Monoful Venture Partners, a Japan-focused venture capital arm of industrial property giant GLP, has reached a first closing of its maiden fund with JPY 12.9 billion ($96 million) in commitments.

Founded this year, MVP invests in growth-stage start-ups in Japan’s… Read More>>

Monoful Venture Partners, a Japan-focused venture capital arm of industrial property giant GLP, has reached a first … Read more>>>

China Oceanwide Strikes Out on Sale of Stalled San Francisco Mega-Project

2022/12/21 by Greg Isaacson Leave a Comment

China Oceanwide Holdings has failed to sell its halted $1.6 billion San Francisco mega-project for the third time, in another blow to the cash-strapped developer after the troubled site was seized by creditors last year.

In a filing to the… Read More>>

China Oceanwide Holdings has failed to sell its halted $1.6 billion San Francisco mega-project for the third time, in … Read more>>>

Wong Liang Kit, president of Keppel Land China

Keppel Land Exits Shanghai Apartment JV with Gemdale in $112M Sale

Wong Liang Kit, president of Keppel Land China

2022/12/21 by Beatrice Laforga Leave a Comment

A unit of Singaporean conglomerate Keppel Corp is selling its stake in a residential development project in Shanghai’s suburban Jiading district for RMB 783 million ($112.3 million), exiting the joint venture it formed two years ago with local developer Gemdale… Read More>>

A unit of Singaporean conglomerate Keppel Corp is selling its stake in a residential development project in Shanghai’s … Read more>>>

Standard Chartered's Shelley Boland

Standard Chartered Names Shelley Boland Global Head of Property

Standard Chartered's Shelley Boland

2022/12/21 by Pawara Laothamatas Leave a Comment

Standard Chartered has tapped Shelley Boland as its new global head of property to lead management of the bank’s real estate resources worldwide, with the promotion having taken effect on 1 December.

Boland is succeeding Denis McGowan, who is retiring… Read More>>

Standard Chartered has tapped Shelley Boland as its new global head of property to lead management of the bank’s real … Read more>>>

Evergrande Real Estate Group Chairman of the Board Hui Ka-yan attends Evergrande Real Estate result announcement at the JW Marriott in Admiralty. 29MAR16 SCMP/ Nora Tam

Evergrande Restarts Work on 631 Projects and More Asia Real Estate Headlines

Evergrande Real Estate Group Chairman of the Board Hui Ka-yan attends Evergrande Real Estate result announcement at the JW Marriott in Admiralty. 29MAR16 SCMP/ Nora Tam

2022/12/21 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, debt-saddled China Evergrande resumes work on hundreds of projects to meet year-end delivery targets, and a Goldman Sachs economist says Japan could scrap its long-standing negative interest rate.

China Evergrande… Read More>>

In today’s roundup of regional news headlines, debt-saddled China Evergrande resumes work on hundreds of projects to … Read more>>>

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