…. Global Investors Lead Hotel Deals Despite Japan’s recovering market, the country has not been a major growth driver for the company with revenues from its Osaka property portfolio declining to S$1.1 million in the first six months of this year, from S$1.5 million a year ago. The portfolio contributed just 1 percent of the company’s S$104 million total first-half revenues. “The group’s portfolio of commercial real estate properties in Japan recor…
Search Results for: country garden
EY Walks Away From Auditing Mainland Developer and More Asia Real Estate Headlines
…ooking higher charges in the fourth quarter related to its exposure to the country’s commercial real estate sector. “The sentiment in the fourth quarter was more negative than the sentiment that emerged in January,” Quinn told Reuters, adding that there were positive developments both on the demand side and the supply side linked to big policy measures. Read more>> China’s State-Owned Firms Are Sitting Out the Property Rescue When China’s private…
Florentia Village Opens Seventh China Outlet Mall in Chongqing Sponsored Feature
…is in line with southwestern China’s status as a major growth hub for the country, which saw economic expansion and growth after recovering from the early shocks of the pandemic. In Chongqing, the gross domestic product grew by 3.9 percent for the full year of 2020, with retail sales of consumer goods expanding by 1.3 percent, according to official government statistics. As 2020 progressed, retail sales of consumer goods in Chongqing quickly boun…
Surge of New Offices as 2.78M Sqm Added to China’s Downtowns
…percent more space on the way in 2016 could rapidly change the tone of the country’s office market. Any existing shortages of office space could quickly turn to surpluses, especially in peripheral areas and in second-tier cities. Even in the big cities, large occupiers of office space office tenants could be offered some very attractive opportunities to relocate. Still, Cushman & Wakefield remain positive about demand in Beijing and Shanghai, and…
Goldman Says China Property Sector Needs $2.1T in Aid and More Asia Real Estate HeadlinesÂ
…etnam’s Xuyen A, which operates four general hospitals in the south of the country. Financial terms were not disclosed. “We believe the private healthcare sector in Vietnam presents a tremendous opportunity for outsized growth, as the hospital infrastructure in the country is significantly underdeveloped,” Saurabh Agarwal, Warburg Pincus’ head of Southeast Asia private equity, said in a statement. Read more>> Fund Investment in India Real Estate D…
ESR Establishes A$350M Australia Logistics JV with China Merchants Â
…stralia now manages industrial and business park real estate assets in the country worth $1.3 billion, with a land bank that has the potential to deliver future developments worth almost A$2 billion. ESR’s Phil Pearce says the mandate with China Merchants will help drive substantial growth “Partnerships like the one with China Merchants Capital mean we can continue to improve on the substantial growth we have already achieved in this market while…
Housing Misery Maps Going Viral on China’s Weibo
…he bottom of the maps indicate that they were drawn up using data from the country’s National Bureau of Statistics, combined with real estate market data from each city. Western China Most Affordable A map of average housing prices in China In the mid-range of the house price to wage rate comparison, are fifteen cities (noted on the map in green) including Tianjin, Harbin, Qingdao, Wuhan, Kunming, Haikou and Guangzhou. Housing shoppers in the gree…
Singapore Sets Efficiency Targets as Data Centre Reopening Kicks Off
…hese server hosting facilities were responsible for about 7 percent of the country’s total power consumption in 2020, up from 5.3 percent a year earlier, based on public data. DC Byte’s Murphy said that despite the moratorium, Singapore, as a key hub for Internet firms in Asia Pacific, still has more live capacity than India and, with 88 percent occupancy in its existing data centres, has one of the lowest vacancy rates in the world, with demand a…
China Real Estate on the Upswing After Kaisa Bailout and RRR Cut
…nk to cut reserve requirements was widely seen as an effort to support the country’s real estate sector, which is currently mired in a nearly year-long slump. Within a day of the rate cut being announced, UBS had upgraded the entire China real estate sector from Sell to Neutral, expecting the liquidity measure to spur more home sales. China’s home sales slid by 7.8 percent in 2014, contributing to an overall slowdown in the economy that led to the…
Economic Reforms, Strong Fundamentals Draw Global Investors to India Sponsored Feature
…roperty investment as large global investors seek to take advantage of the country’s rapid growth. “India’s fastest growing cities have been drawing significant levels of interest from overseas investors, who are looking to tap into the country’s growing economy,” says Stuart Crow, CEO Capital Markets, JLL Asia Pacific. Blackstone, Brookfield, CPPIB Lead the Way Leading the pack has been Blackstone Group, which had invested US$6.6 billion in India…