Praveen Choudhary of Morgan Stanley is saying nice things about Hong Kong housing (Image: Morgan Stanley)
A helping hand for Hong Kong-listed developers leads today’s look at real estate headlines from around Asia Pacific, as a Morgan Stanley report lifts shares on the HKEX. Also making our list is a Singapore land tender and a Bengaluru investment by Bain Capital.
Hong Kong Property Shares Rally After Morgan Stanley Boosts Home Price Outlook
Hong Kong property shares rallied, leading gains in the broader market along with technology stocks, after Morgan Stanley boosted its forecast for home prices.
A gauge of builders jumped as much as 2.7% on Monday and led the Hang Seng Index over the past month. Henderson Land Development Co. climbed as much as 6% after Morgan Stanley raised the stock to overweight from neutral and lifted its price target to HK$37 from HK$33, saying the developer stands to be a beneficiary of home prices heading higher while interest rates are set to decline. Read more>>
Wing Tai-Metro JV Awarded Dunearn Road Site in Singapore on $410M Bid
A joint venture between Singapore-listed developers Wing Tai Holdings and Metro Holdings has been awarded a 99-year leasehold site at Dunearn Road in Singapore’s prime District 10 for S$533 million ($410 million), after the partners’ winning bid of S$1,625 per square foot per plot ratio was announced earlier.
The joint venture plans to develop approximately 330 residential units on the site in the Bukit Timah Turf City precinct, according to an announcement, with the deal marking a return to Singapore residential development for Metro Holdings. Read more>>
Bain Capital Takes 50% Stake in Brigade Group Bengaluru Commercial Project
Bain Capital is investing INR 3 billion ($31.5 million) for a 50 percent stake in a mixed-use development being built by Brigade Group in Whitefield, the city’s principal IT corridor, according to an announcement by the Bengaluru-based developer.
Brigade estimates the project will cost INR 22 billion and will include 2 million square feet (185,806 square metres) of office space alongside a five-star hotel. Read more>>
India’s Godrej Properties Posts 70% Profit Rise on Residential Demand
Godrej Properties reported a 70 percent rise in net profit for the quarter ended 31 March 2026, with earnings reaching INR 6.5 billion ($68 million), up from INR 3.8 billion a year earlier, according to the results announcement. Revenue from operations climbed 63 percent to INR 34.6 billion.
The company’s chief executive Pirojsha Godrej said the developer aims to grow fiscal year 2027 bookings to more than INR 390 billion. Godrej Properties operates across the Mumbai Metropolitan Region, Pune, Bengaluru and the National Capital Region. Read more>>
Greater Tokyo Communities Push Back Against Data Centre Development
Residents in Tokyo and Saitama prefecture are mobilising against data centre developments in residential neighbourhoods, citing concerns about noise, heat emissions and loss of sunlight, the Yomiuri Shimbun reported.
In Hino City, western Tokyo, around 7,600 residents have signed a petition opposing plans to build three data centre buildings on the site of a former automobile factory. In Chiba Prefecture, disputes have escalated to court challenges over development permits. Experts cited lax location regulations and developer secrecy as contributing factors. Read more>>
Condo Owners in Singapore’s District 12 Try for $200M Collective Sale
Owners of Balestier Regency, a 72-unit freehold condominium complex in Singapore’s District 12, have launched a fourth attempt to sell the property collectively, at a guide price of S$255 million ($200 million), according to marketing agent SRI Capital Market.
The 10-storey block, completed in 1990, sits on a 61,931 square foot (5,752 square metre) site that could yield up to 161 new apartments under current planning rules. Previous attempts to find a buyer failed in 2013, 2018 and 2022, with the 2018 bid launched at S$218 million attracting no offers. Read more>>
Sumitomo, Daiwa House Set Date for Osaka Project Opening
Sumitomo Corporation, Daiwa House Industry and Kanden Realty & Development will open a 29-storey mixed-use tower at Yodoyabashi Station in Osaka on 9 July 2026, according to an announcement by the Yodoyabashi Station West District Urban Redevelopment Association. The building, completed in December 2025, contains approximately 130,000 square metres of total floor area anchored by office space, with retail across its basement and lower floors.
Located adjacent to Nakanoshima in Osaka’s Midosuji business district, the tower will house 29 retail tenants and a rooftop public garden on its 11th-floor podium level. Read more>>
Private Equity Firm Coatue Working on Data Centre Land Strategy
Coatue Management doesn’t just want to invest in the hottest artificial-intelligence companies. It wants to get in at the ground level – literally.
Philippe Laffont’s $70 billion investment firm, known for big bets on tech stocks and startups, has launched a venture to buy land that will be developed for AI data centers, according to people familiar with the matter. Tens of billions of dollars could be spent on the effort, the people said. Read more>>
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