Brookfield Said to Lead Bidding for ESR India Assets and More Asia Real Estate Headlines

Hopes for India’s industrial future lead today’s look at real estate news around the region, as Brookfield is said to be out in front in the bidding for a set of ESR warehouses held by a joint venture with Allianz Real Estate. Also in the news, home prices in mainland China fell still faster in September and a Singapore tycoon is hit with a fine by the city-state’s high court.

Brookfield Said to Place High Bid for ESR-Allianz India Industrial Portfolio

Canadian investment giant Brookfield has emerged as the highest bidder to acquire 13 million square feet (1.2 million square metres) of logistics assets in India sourced from a joint venture of ESR and Allianz Real Estate at an enterprise value of INR 50 billion ($570 million), said people with direct knowledge of the matter.

The transaction also includes a separate 3 million square feet of logistics properties owned and operated by ESR independently. The deal will be the largest platform transaction in India’s logistics and warehousing sector, underscoring growing institutional interest in the segment. Read more>>

China Home Price Slide Gained Pace in September Despite Policy Support

China’s home prices fell more steeply in September, despite recent easing measures introduced by major cities to revive the struggling property market.

New home prices in 70 cities, excluding state-subsidised housing, dropped 0.41 percent from August, the biggest decline in 11 months, National Bureau of Statistics figures showed Monday. Resale home values fell 0.64 percent, the steepest slide in a year. China’s four-year property downturn has been dragging on the economy, which grew at the slowest pace in a year in the third quarter. Read more>>

Singapore Court Orders Park Hotel Boss to Pay $22M

Businessman and hotelier Allen Law has been ordered by the High Court to pay S$29 million ($22.4 million) for having breached his fiduciary duties owed to his company, Park Hotel Management Ltd, which is now in liquidation.

Together with companies under his control, Law is jointly and severally liable for another S$4.29 million, according to a court judgment released last Thursday. Read more>>

SGX-Listed First REIT to Sell Indonesian Resort for $20M

First REIT has agreed to sell Imperial Aryaduta Hotel & Country Club in Jakarta for IDR 332.2 billion ($20 million), the trust’s manager said Friday.

The buyers are indirect wholly owned subsidiaries of Indonesian property player Lippo Karawaci. The manager said the divestment consideration translates to a 0.65 percent premium to the average of two independent valuations that came to IDR 330 billion. Read more>>

Central Office Tower Catches Fire in Hong Kong

Firefighters have extinguished a blaze at the Chinachem Tower in Hong Kong’s central business district after a battle that lasted for more than four hours, with at least four people injured.

Huge flames erupted when the scaffolding along the building caught fire on Saturday afternoon, sending up thick plumes of smoke that were visible from Kowloon across Victoria Harbour. At least four people were rescued after being trapped inside the tower. Read more>>

Wee Hur Ready for More Aussie Student Housing

Singaporean developer Wee Hur is planning to launch another student housing strategy in Australia, with planning underway for a potential rollout in the third or fourth quarter of 2026.

The move follows the SGX-listed group’s sale of seven purpose-built student accommodation assets under its PBSA Master Trust (Fund I) for A$1.6 billion ($1 billion) to global investor Greystar in April. Wee Hur was able to monetise a substantial portion of its investment and reallocate capital to new opportunities while retaining a 13 percent stake in the portfolio. Read more>>

CapitaLand’s Ascott Adds Properties in Austria, Spain

Singaporean real estate asset manager CapitaLand Investment’s wholly owned lodging business on Friday announced the signing of seven new properties in Vienna and Seville through franchise and management agreements.

The new Austrian and Spanish signings bring Ascott’s European portfolio to 64 properties and almost 8,500 units. Globally, the group has more than 1,000 properties and 175,000 units. Read more>>

Investors Ramp Up Hong Kong Residential Purchases

Hong Kong’s residential property market is gradually mending investor sentiment, according to analysts, who are nonetheless cautious about a full recovery amid geopolitical tensions and economic uncertainties.

Investors accounted for 20 percent of the market’s total transactions so far in 2025, according to UBS property analyst Mark Leung, who added that some districts with residential projects near universities might have a higher proportion. Read more>>

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