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Uptick in Hong Kong Office Rents Snaps 28-Month Slump

2021/11/29 by Christopher Caillavet Leave a Comment

Average office rents in Hong Kong’s Grade A office market rose 0.2 percent in October from the month before, their first increase since rates last peaked in May 2019, according to JLL.

On a net effective rental basis, average tariffs… Read More>>

Average office rents in Hong Kong’s Grade A office market rose 0.2 percent in October from the month before, their first … Read more>>>

David Faulkner ULI

Tokyo Outshines Singapore in ULI APAC Property Investment Poll

David Faulkner ULI

2021/11/29 by Christopher Caillavet Leave a Comment

Tokyo has emerged as the top Asia Pacific city by property investment prospects in 2022, muscling aside second-place Singapore after the city-state took the honour the last two years in a row, according to a report released this week.

Hong… Read More>>

Tokyo has emerged as the top Asia Pacific city by property investment prospects in 2022, muscling aside second-place … Read more>>>

Xu Jiayin

Evergrande Shares Fall as Boss Sells Down Stake and More Asia Real Estate Headlines

Xu Jiayin

2021/11/29 by Pimfha Chandhapradit Leave a Comment

In today’s roundup of regional news headlines, the week opens with a rout of China Evergrande’s stock as chairman Xu Jiayin trims his personal stake in the developer to the tune of 1.2 billion shares and South Korea’s Midas Asset… Read More>>

In today’s roundup of regional news headlines, the week opens with a rout of China Evergrande’s stock as chairman Xu … Read more>>>

Sun Jia Vanke

Asia Real Estate People in the News 2021-11-29

Sun Jia Vanke

2021/11/29 by Michael Cole Leave a Comment

A top level appointment at China Vanke’s offshore division leads this week’s roundup of personnel moves, and the manager of Singapore-listed Sasseur REIT suffers another senior departure. There are also new faces reporting to work at CBRE in Singapore as… Read More>>

A top level appointment at China Vanke’s offshore division leads this week’s roundup of personnel moves, and the manager … Read more>>>

Ma Ah-muk

Hong Kong’s Minibus King Sells Kwun Tong Industrial Building for 35% Off

Ma Ah-muk

2021/11/28 by Pawara Laothamatas Leave a Comment

Hong Kong’s local investors are taking advantage of the city’s accelerating industrial market, with “Minibus King” Ma Ah-muk recording an en-bloc disposal of a Kwun Tong industrial building this month for HK$390 million ($50 million), or HK$6,657 per square foot.

… Read More>>

Hong Kong’s local investors are taking advantage of the city’s accelerating industrial market, with “Minibus King” Ma … Read more>>>

Keiichi Yoshii daiwa house president and ceo

Daiwa House Logistics Trust’s Singapore IPO 9.5 Times Subscribed

Keiichi Yoshii daiwa house president and ceo

2021/11/28 by Christopher Caillavet Leave a Comment

Units of Daiwa House Logistics Trust began trading Friday afternoon on the Singapore Exchange after the Japan-focused industrial REIT’s IPO proved a smash hit with investors.

Priced at S$0.80 per unit, the public offering comprised an international placement of 219,438,000… Read More>>

Units of Daiwa House Logistics Trust began trading Friday afternoon on the Singapore Exchange after the Japan-focused … Read more>>>

sherman kwek CDL

CDL Buys Residential Site in Singapore’s Upper Bukit Timah for $93M 

sherman kwek CDL

2021/11/28 by Beatrice Laforga 4 Comments

A unit of SGX-listed developer City Developments Ltd (CDL) has secured the rights to a pair of commercial properties in Upper Bukit Timah for S$126.3 million ($92.5 million), a move that could pave the way for a new condominium tower… Read More>>

A unit of SGX-listed developer City Developments Ltd (CDL) has secured the rights to a pair of commercial properties in … Read more>>>

Evergrande Football Stadium

Evergrande Stadium Said Taken Over by Govt and More Asia Real Estate Headlines

Evergrande Football Stadium

2021/11/27 by Pimfha Chandhapradit Leave a Comment

In today’s roundup of regional news headlines, the hits keep coming for embattled Chinese developers, with Evergrande reportedly stripped of its soccer stadium and Fantasia facing a wind-up petition. Meanwhile, data centre operator Global Switch is said to have… Read More>>

In today’s roundup of regional news headlines, the hits keep coming for embattled Chinese developers, with Evergrande … Read more>>>

Claire Cormier Thielke, Managin Director, Asia Pacific, Hines

Hines Fund Buys Butterfly Hotel in Hong Kong to Create Co-Living Complex

Claire Cormier Thielke, Managin Director, Asia Pacific, Hines

2021/11/25 by Christopher Caillavet Leave a Comment

US developer Hines has acquired Butterfly on Prat, a 158-room hotel in Hong Kong’s Tsim Sha Tsui area, which the firm plans to convert into a co-living flagship to be managed by local residential operator Dash Living.

The 18-storey asset… Read More>>

US developer Hines has acquired Butterfly on Prat, a 158-room hotel in Hong Kong’s Tsim Sha Tsui area, which the firm … Read more>>>

Kaisa Kwok Ying-shing

Kaisa Selling Kai Tak Site to New World-Far East Consortium JV for $1B

Kaisa Kwok Ying-shing

2021/11/25 by Pawara Laothamatas Leave a Comment

Cash-strapped Kaisa Group is the latest mainland developer to offload assets in a scramble to repay debts, as the Shenzhen builder has now agreed to sell its half stake in a once-prized residential site on Hong Kong’s former Kai Tak… Read More>>

Cash-strapped Kaisa Group is the latest mainland developer to offload assets in a scramble to repay debts, as the … Read more>>>

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