Mingtiandi

Asia real estate and outbound investment news

  • Facebook
  • LinkedIn
  • RSS
  • Twitter
Sign Up / Login Logout

Lost your password?
Register
Forgotten Password
Cancel

Register For This Site

A password will be e-mailed to you.

  • Capital Markets
  • Events
    • Mingtiandi 2022 Event Calendar
    • APAC Residential Forum 2022
    • Asia Logistics Forum 2022
    • Asia REIT Forum 2022
    • APAC Data Centre Forum 2022
    • Singapore Focus Forum 2022
    • Office Strategies Forum 2022
    • More Events
  • MTD TV
  • People
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail
  • Research & Policy
  • Advertise

Mainland Gaming Firms Lease 30% of New Manila Office Space and More Asia Real Estate Headlines

2018/12/11 by Michael Cole Leave a Comment

Manila casino

Chinese gambling is making Manila real estate a good bet

Any property investment has an element of risk, but games of chance appear to have become a primary driver of Manila’s real estate market, as China’s gambling fans take up nearly a third of the Filipino capital’s new office space and make bulk purchases of new condos. Also in the news today, Singapore is making available a mixed-use site near the Malaysian border, and Evergrande boss Xu Jiayin seems to be cashing in on his own penchant for gambling as the developer’s personal wealth once again makes him China’s richest man, displacing Jack Ma. Read on for all these stories and more.

Altus - AE Free Trial In-story Banner

Mainland Gaming Firms Lease 30% of New Manila Office Space

The Chinese passion for betting has become a major driver of the Philippine property market. The country has become a magnet for Chinese online gambling operators, barred from setting up shop at home and stifled in Macau by measures aimed at curbing the spending of wealthy mainlanders.

Warmer relations between Beijing and Manila under President Rodrigo Duterte have underpinned the influx; Chinese gaming firms took up 30 per cent of the 775,000 square metres of office space built in the Philippine capital last year. Read more>>

Singapore Puts 2.75 Hectare Woodlands Mixed-Use Site Up for Sale

A 2.75 hectare white site in Woodlands Regional Centre has been released for sale by the Urban Redevelopment Authority (URA) under the reserve list of the second half 2018 Government Land Sales programme.

The mixed-use site has a maximum permissible gross floor area of 115,747 square metres, with at least 45,000 square metres of this to be set aside for office use. The remaining GFA can be for additional office, retail, entertainment and residential uses, with a maximum GFA of 33,000 square metres for commercial use, excluding office and commercial school uses. Read more>>

Evergrande’s Xu Jiayin Pushes Jack Ma Out of Spot as China’s Richest Man

With personal wealth of $36.7 billion, Hui Ka Yan, chairman of real estate developer Guangzhou Evergrande Group, has become the richest man in China.

Hui’s fortune puts him ahead of Alibaba chairman Jack Ma ($35.4 billion) and Tencent founder Pony Ma Huateng ($35.3 billion), according to the Forbes Real-Time Billionaires List. China’s three richest men currently rank respectively 20th, 21st and 22nd in the global rankings. Read more>>

Analysts Predict 2019 Mainland Property Slowdown

China’s massive property market is expected to cool further in 2019, with smaller price rises and falling home sales adding to pressure on the world’s second-largest economy, a Reuters poll showed.

Smaller cities, which have seen sharper price gains this year, may face greater risks of a slump as economic activity slows and financing conditions remain tough for smaller developers. China’s average residential property prices are forecast to rise 2 percent in the first half of 2019 from a year earlier, and just 0.5 percent for the full year, a survey of 16 property analysts and economists showed. Read more>>

Logistics forum 2022_250 ad

Singapore Condo Prices Bounced Back in November

Resale prices of private non-landed homes in Singapore increased in November, following three straight months of declines after property cooling measures were introduced in July, according to flash estimates by real estate portal SRX Property.

Condominiums and private apartment resale prices strengthened by 0.2 percent last month from October. That followed the 0.3 percent drop in October, a figure revised from an earlier estimated decline of 0.4 percent. Read more>>

JustCo Leases First Sydney Space

JustCo, the Asian co-working space backed by Singapore-based developer Frasers Property and Singapore’s sovereign wealth fund, GIC, is poised to open its first Australian office.

Market rumours suggest JustCo has signed a deal with Fivex to take 4,200 square metres of space at the new tower going up behind 276 Flinders Street on the corner of Elizabeth Street. JustCo is understood to be paying $600 per square metre for the space. Read more>>

India’s Embassy Group Looking for New Bangalore Sites

Realty firm Embassy Group will invest about 20 billion rupees ($278 million) to complete its ongoing housing projects and is looking to buy land or form joint ventures for expanding its presence in Bengaluru as well as other major cities, a senior company official said. Bengaluru-based Embassy Group’s head of residential business, Reeza Sebastian, said the company is also considering entering the senior living housing segment and adopting pre-fab construction technology.

Embassy Group, which is India’s leading developer of commercial real estate, has completed 12 million square feet of housing projects and is currently developing around 10,000 units across six projects — five in Bengaluru and one in Chennai. Read more>>

SEAHIS 2022 780 Banner

Tune in again on Monday for more news, and be sure to follow @Mingtiandi on Twitter, or bookmark Mingtiandi’s LinkedIn page for headlines as they happen.

Share this now

  • LinkedIn
  • Share
  • Tweet
  • Email

Filed Under: crelist Tagged With: Embassy Group, JustCo, Manila, SRX Property, URA, Xu Jiayin

Office forum 2022 Jumbo

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Mingtiandi Delivered

Office forum 2022 Web banner

MTD TV

Rise of Greater China’s Young Professionals Propels Multi-Family Sector: MTD TV
Data Centre Operators Tackle APAC Expansion Challenges in MTD TV Panel

More MTD TV Videos>>

People in the News

Wu Jianxin Kaisa
Asia Real Estate People in the News 2022-06-20
Graham Mackie Tishman
Tishman Speyer Appoints Graham Mackie to Lead APAC Push Beyond China and India
Antoine Mesnage
AXA IM Alts Appoints Antoine Mesnage as Head of Australia, Promotes 2 Other Execs
Carolin Fong Suet-yuen
Asia Real Estate People in the News 2022-06-13

More Industry Professionals>>

People in the News

Asia Real Estate People in the News 2022-06-20

Wu Jianxin Kaisa

Top level executive changes at a pair of major mainland real estate companies lead this week’s round-up of personnel … Read More>>

Tishman Speyer Appoints Graham Mackie to Lead APAC Push Beyond China and India

Graham Mackie Tishman

US developer Tishman Speyer has hired industry veteran Graham Mackie as a managing director to lead the firm’s Asia … Read More>>

AXA IM Alts Appoints Antoine Mesnage as Head of Australia, Promotes 2 Other Execs

Antoine Mesnage

AXA IM Alts is shaking up its leadership team Down Under with the appointment of Antoine Mesnage as the French firm’s … Read More>>

Asia Real Estate People in the News 2022-06-13

Carolin Fong Suet-yuen

Top level moves in Hong Kong lead this week’s roundup of personnel moves from around Asia with the SAR appointing a new … Read More>>

More Industry Professionals>>

Latest Stories

Boustead chairman John Lim Kok-Min
Boustead Projects JV Picks Up Sin Capital’s Orchard Road Tower for $371M
Country Garden Chairman Yang Guoqiang
Country Garden Downplays Moody’s Downgrade, Announces $411M Bond Buyback
Guo Ziwen Aoyuan
China Aoyuan to Sell 49% of Australia Unit at $170M Loss

Sponsored Features

Should Proptech Give Us Sleepless Nights?
Hong Kong’s Evolving Commercial Real Estate Landscape
Opportunities in the Greater Bay Area

More Sponsored Features>>

MTD-QR-Code-320

Connect with Mingtiandi

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Real Estate News

  • Capital Markets
  • 2022 Event Calendar
  • MTD TV Archives
  • People
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail

More Mingtiandi

  • About Mingtiandi
  • Contact Mingtiandi
  • Mingtiandi Membership
  • Newsletter Subscription
  • Advertise
  • Terms of Use
  • Privacy
  • Join the Mingtiandi Team


© 2007-2022 China Advertising Media Ltd (Samoa). All rights reserved.