The Park Hyatt Melbourne was Fu Wah’s last Aussie property (Iimage: Hyatt)
Australia’s biggest hotel deal so far in 2025 leads today’s review of real estate headlines from around the region, with a Chinese investor selling off its last asset in the country. Also in the news, a pair of Japanese hotels have found a new owner and a Singapore-listed REIT buys a US shopping centre.
China’s Fu Wah Sells Melbourne Hyatt to Thai Investor for $130M
Thai hospitality investment firm KS Hotels has snapped up the Park Hyatt Melbourne for more than A$200 million ($129.3 million), marking the biggest hotel sale in Australia so far this year.
The transaction signals the exit of Chinese owner Fu Wah International from the Australian hotel market. It purchased the prominent hotel 13 years ago for about A$135 million from Singapore’s sovereign wealth fund GIC. Read more>>
Samurai Capital Acquires Tokyo, Yokohama Hotels From Lead Real Estate
Lead Real Estate, a Japanese real estate developer of luxury residential properties across Tokyo, Kanagawa Prefecture and Sapporo, announced that it had entered into trust beneficiary right purchase agreements through a fund established by Samurai Capital.
According to the agreement, the company has sold the long-term stay hotels and concluded trust beneficiary right purchase agreements for two condominiums, located in Nerima Ward, Tokyo, and Yokohama City, Kanagawa Prefecture, in June 2025 to Samurai Capital. Read more>>
SGX-Listed United Hampshire US REIT Buys Retail Asset for $16M
United Hampshire US REIT has acquired a freehold grocery-anchored shopping centre in Pennsylvania for a purchase consideration of $16.4 million, the manager said on Saturday.
The acquisition of Dover Marketplace, a retail neighbourhood shopping centre, is set to expand the Reit’s grocery-anchored portfolio and increase its exposure to the sector, the manager said. The Reit’s third acquisition in Pennsylvania extends its footprint in the densely populated and affluent US North-east markets, the manager said. Read more>>
Edwin Leong’s Tai Hung Fai Secures $115M Loan for 30-Storey Hong Kong Tower
Hong Kong developer Tai Hung Fai Enterprise, founded by billionaire Edwin Leong, has secured a private loan of up to HK$900 million ($115 million).
Dignari Capital Partners, an Asian private debt firm, provided the two-year loan which will go to covering construction costs for a 30-storey office tower in the western part of Hong Kong Island. Read more>>
Frasers Hospitality Trust Sees RevPAR Dip in 3 of 5 Markets
Frasers Hospitality Trust’s revenue per available room (RevPAR) dropped in three of the five key markets in which it operates for the quarter ended June, the trust’s manager said in a regulatory filing.
RevPAR fell by between 1.2 percent and 5.6 percent in Singapore, Australia and Malaysia, with that in Singapore making the steepest drop for Q3 FY2025. In contrast, Japan’s RevPAR rose 17.6 percent, and that in the United Kingdom eked out a modest gain of 0.1 percent. Read more>>
India’s Mindspace Business Parks REIT Reports 24% Jump in NOI
Mindspace Business Parks REIT on Monday reported a 24 percent increase in its net operating income to INR 616.4 crore in the first quarter of this fiscal year. The company announced an 18 percent increase in its distribution to shareholders to INR 3.53 billion ($40 million) for the April-June period of the current 2025-26 fiscal year, according to a regulatory filing.
Mindspace Business Parks REIT, sponsored by K Raheja Corp group, owns office portfolios in Mumbai Region, Pune, Hyderabad, and Chennai. The portfolio has a total leasable area of 38.1 million square feet, comprising 31 million square feet of completed area, 3.7 million square feet under construction and 3.4 million square feet for future development. Read more>>
Dasin Retail Trust’s China Arm Risks Legal Action Over Loan Breach
Dasin Retail Trust announced that its China subsidiary Zhongshan Yuanxin Commercial Property Management could face a legal action over its breach of an inter-creditor deed.
The unit had made a RMB 150 million ($20.9 million) repayment on outstanding onshore liabilities around mid June 2025, which was not authorised by the trustee-manager’s board. Read more>>
Fears of Seoul Office Glut Said to be Overblown
The prime office market in core business districts in Seoul is expected to remain strong, said Savills Korea chief, citing limited new supply and the expansion of a high-speed commuter rail network as key drivers.
Over the next five years, an estimated 2.5 million square meters of new office space are expected to be added to Seoul’s central business district, known as the CBD. That figure is roughly three times the total supply added over the past decade. Read more>>
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