Singapore Investor Buys London Office Building for $234M and More APAC Real Estate Headlines

An unnamed tycoon from Singapore has picked up a trophy office property in one of London’s most exclusive neighbourhoods, with that story leading Mingtiandi’s headline roundup today. Rava Partners-backed Samty also makes the list with a Japan hotel buy, and an Aussie private lender is marketing a Sydney project seized from a Chinese builder. 

Singapore Investor Buys Office Block in London’s West End for $234M

Oval Real Estate has completed the sale of the freehold interest in 14 St George Street for £173 million ($234 million), or a 3.4 percent net initial yield, as major London office deals continue to get over the line during escalating conflict in the Middle East.

The price reflects a capital value of £3,400 ($4,060) per square foot and the buyer is understood to be a private Singaporean investor client of BNP Paribas Real Estate. Read more>>

Rava’s Samty Buys Okinawa Hotel From Hoshino Resorts REIT for $29M

Rava Partners-backed Samty Holdings is buying a hotel in Okinawa from Hoshino Resorts REIT for JPY 4.65 billion ($29.2 million), according to a stock exchange announcement. 

The 200-key Sol Vita Hotel Naha opened in 2007, and the eight-storey asset is located within a five-minute walk of Miebashi station on the Okinawa Urban Monorail. Samty reached a $391 million closing on its first Japan hotel investment fund last July. Read more>>

Aussie Private Lender Marketing Sydney Site After Yunnan Developer’s $193M Default

Sydney-based Metrics Credit Partners is preparing to sell a 16.5 hectare (41 acre) mixed-use site near Sydney’s Olympic Park after Yunnan provincial government-linked developer Australia YMCI defaulted on a A$270 million ($193 million) mortgage. Metrics took over the plot in January and is expected to launch the formal sale process next month. The site was valued at A$500 million at year-end.

Only 421 apartments across three buildings have been completed since AYMCI paid nearly A$700 million to acquire the site from Goodman Group in 2016. Read more>>

Heiwa Real Estate REIT Sells Two Tokyo Residential Buildings for $35M

Tokyo-listed Heiwa Real Estate REIT is selling a pair of residential buildings in the Nishi-Shinjuku district for a combined JPY 5.55 billion ($34.9 million), booking estimated gains of JPY 2.5 billion on assets it has held since 2007. The buyer, an undisclosed domestic special purpose company, is scheduled to take delivery on 29 May. Both 12- to 13-storey buildings were completed in 2006 and together contain 125 units.

The REIT said the disposals are part of its ongoing asset replacement strategy, recycling older properties to fund future acquisitions and improve portfolio quality. The sale prices exceed the most recent appraisal values for both assets, which were assessed in November 2025. The combined estimated gain of JPY 2.5 billion represents an unrealised gain ratio of 61 percent on both properties. Read more>>

Mitsubishi Estate Buys Apartment Management Platform Habyt

Rental apartment manager Habyt on Monday announced the sale of its Asia Pacific operations to Japanese developer Mitsubishi Estate for an undisclosed sum. The transaction includes Habyt’s Singapore and Hong Kong platform, comprising 1,000 units.

In a statement, Habyt founder Luca Bovone positioned the transaction as a new step in the company’s evolution rather than an exit from Asia Pacific. Habyt merged with Singapore-based Hmlet in 2022. Read more>>

Arch Capital’s Digital Halo Tops Out Johor Data Centre

Digital Halo said Monday that it has topped out the first phase of a data centre project in Malaysia’s Johor state, with the 20-megawatt facility on track to be operational in the fourth quarter of this year. 

The first phase is already fully leased to a single customer and the multi-facility campus will have more than 120MW of IT capacity upon completion. Read more>>

Singapore’s DBS Bank Arranged Over $15B in Data Centre Financing in 2025

Singapore’s DBS bank arranged more than S$20 billion ($15.6 billion) in data centre financing across Asia Pacific in 2025, as an unprecedented surge in demand for artificial intelligence infrastructure begins to test the limits of traditional bank funding capacity.

Amit Sinha, global head of telecommunications, media and technology at DBS, estimates that the total capital expenditure of key data centre hyperscalers — like Google and Microsoft — and their suppliers could reach $1 trillion in 2026. Read more>>

Centre of Gravity in Southeast Asia Data Centres Shifting Away From Singapore: Bain

Singapore remains the main hub for private equity deals in Southeast Asia, but when it comes to data centres, investors are increasingly moving their money beyond the city-state.

In a new report, Bain & Co said the region attracted $14 billion in private equity investments across 84 deals in 2025. But in data centres, investors are increasingly placing their bets on lower-cost neighbouring markets, such as Johor in Malaysia, Batam in Indonesia, and the coastal town of Chonburi in Thailand. Read more>>

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