Wing Tai Holdings chairman Cheng Wai Keung
A deal in one of London’s poshest neighbourhoods leads today’s headlines, with Wing Tai Properties selling an office block near Berkeley Square to … Berkeley Square. Also in the news, a Sydney fund manager offloads a Queensland shed and another expensive Hong Kong home finds a mainland buyer.
Wing Tai Sells London West End Office Block to Berkeley Square for $36M
Wing Tai Properties announced to the Hong Kong stock exchange late last week that it has sold a London office property to Berkeley Square Developments for £26.3 million ($36 million).
The HKEX-listed unit of Singapore’s Wing Tai Holdings sold the leasehold property at 35 Berkeley Square for nearly double its £13.5 million valuation as of 31 December, with Wing Tai saying it intends to use the proceeds for general working capital. Read more>>
Australia’s EG Funds Sells Queensland Logistics Asset for $23M
Sydney-based investment manager EG Funds Management said earlier this month that it has sold a logistics property in Queensland for A$33.5 million ($23.2 million).
EG Funds had developed 28 Flint Street in Richlands before leasing the property to European shipping giant Maersk in 2023. The buyer of the 12,211 square metre (131,438 square foot) facility is said to be a private investor from Brisbane. Read more>>
Mainland Investor Buys Apartment in Hong Kong’s Mid-Levels West for $22M
A veteran private equity investor has bought a luxury home in Hong Kong’s Mid-Levels West for HK$170 million ($22 million), according to Land Registry records, in one of the latest big-ticket residential deals involving a mainland Chinese buyer.
Xu Hanjiang on 2 January acquired Unit A on the second floor of High Peak, a low-density luxury development at 23 Po Shan Road, records showed. Read more>>
Japan Bond Meltdown Seen Curbing REIT Fundraising
Japan’s bond meltdown last week is threatening to further curb fundraising by REITs that has already slowed to a crawl because of rising financing costs.
Listed J-REITs last year raised JPY 74 billion ($480 million), the least since 2009, according to data compiled by Bloomberg. While property investment trusts kicked off this year with JPY 31 billion in follow-ons, the momentum is unlikely to last, with concerns reflected in the sector underperforming the overall market as the Bank of Japan continued to raise borrowing costs. Read more>>
Tokyo Condo Prices Rose 17% in 2025 to Reach Record High
Tokyo’s new condominium prices rose to a record in 2025, driven by ballooning construction costs, supply constraints and more expensive luxury apartments hitting the market.
The average price of a new apartment for sale in the Japanese capital and surrounding areas rose 17 percent to JPY 91.8 million ($596,000), according to figures released Monday by the Real Estate Economic Institute. Prices had fallen slightly in 2024 after increasing for five years in a row. Read more>>
Korea’s IGIS Said Halting Gangnam Asset Sale After Tussle With NPS, Shinsegae
IGIS Asset Management is halting the sale process for the Centerfield asset in Seoul’s Gangnam area and is officially starting talks among beneficiaries to extend the fund’s maturity. Observers said the conflict between the manager and key beneficiaries over the sale has entered a winding-down phase.
According to investment banking sources, IGIS decided to withdraw the sale of Yeoksam Centerfield. The change in position by key beneficiaries Shinsegae Property and the National Pension Service is said to be behind the halt. Read more>>
SGX-Listed OUE REIT Boosts Distributions by 10.6%
The manager of OUE REIT on Monday posted a distribution per unit of S$0.0125 for the second half of 2025, up 10.6 percent.
The stronger performance came amid continued resilient operating performance across the REIT’s portfolio, alongside stronger capital structure, which allowed the trust to benefit from the lower interest-rate environment, said the manager. Read more>>
Privatisation of Singapore’s Low Keng Huat Approved by 94% of Shareholders
SGX-listed construction and development firm Low Keng Huat is set to be privatised, as the offeror had secured 93.84 percent of the company’s total issued share capital as of Monday.
This step brought the percentage of issued shares held by the public below 10 percent, the minimum required to maintain a listing status. The offeror, a special-purpose vehicle effectively controlled by managing director Marco Low and his family, made a final offer for LKH shares it did not already own on 13 January at S$0.78 each — 8.3 percent higher than its initial offer price. Read more>>
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