Shinsegae Named Preferred Bidder for Seoul Hotel and More APAC Real Estate Headlines

In today’s roundup of regional real estate news, Seoul’s hotel investment market heats up as Shinsegae Property wins the bidding for a city-centre hotel, New World Development weighs a $1 billion stake sale in its Hong Kong hotel portfolio, and CapitaLand and Hongkong Land eye Singapore’s Marina One complex.

Shinsegae Named Preferred Bidder for Seoul Hotel with $106M Offer

Shinsegae Property and its consortium partner Josun Hotels & Resorts have been selected as preferred bidder for Orakai Daehakro Hotel, a four-star property in Seoul’s Jongno district, with an acquisition price of KRW 155 billion ($106.4 million), according to investment banking sources. 

Eleven financial and strategic investors participated in the initial round, with Mastern Investment Management, Bluecove Asset Management and Hangang Asset Management joining the Shinsegae consortium on the shortlist. Read more>>

New World Said to Weigh Sale of $1B Stake in Hong Kong Hotels

New World Development is in talks to sell its 50 percent stake in a portfolio of three Hong Kong hotels valued at $2 billion, according to people familiar with the matter. The cash-strapped developer’s half-share in the portfolio would be worth around $1 billion.

The portfolio comprises the Grand Hyatt, the Renaissance Harbour View Hotel and the Hyatt Regency in Kowloon. The Abu Dhabi Investment Authority holds the other 50 percent stake in the portfolio, the people said. Read more>>

CapitaLand, Hongkong Land Said Interested in 5$B Singapore Singapore Complex

CapitaLand Group and Hongkong Land are among possible bidders for Marina One, a high-rise complex in Singapore’s central business district, according to people familiar with the matter. Owner M+S Pte is seeking S$5.7 billion ($4.5 billion) for the asset.

M+S is a joint venture of Malaysian sovereign fund Khazanah Nasional and Singapore state investor Temasek Holdings. The people asked not to be identified discussing private information. Read more>>

Mirvac Boss Eyes BTR Acquisitions as Shares Trade at Deep Discount

Mirvac CEO Campbell Hanan flagged consolidation opportunities in Australia’s fragmented build-to-rent sector at the Macquarie Australia Conference in Sydney, suggesting that the A$7 billion ($5.1 billion) ASX-listed trust could acquire assets such as Oxford Properties’ Indi business, potentially valued at A$1.5 billion.

Mirvac’s share price has fallen 24 percent over the past year, trading well below its net tangible assets. Hanan said office demand was holding up, with corporate Australia not reducing its space take-up. Read more>>

GPT Posts 97.5% Portfolio Occupancy as Retail Fund Raises $439M

GPT Group reported average investment portfolio occupancy of 97.5 percent and a weighted average lease expiry of 4.5 years for the March 2026 quarter. Its retail portfolio reached 99.7 percent occupancy, with total centre sales up 4.2 percent on the prior period, the company said.

The GPT Wholesale Shopping Centre Fund closed an oversubscribed A$610 million ($438.6 million) equity raise. The logistics portfolio maintained 98.8 percent occupancy, completing 100,400 square metres (1 million square feet) of leasing across seven deals in the quarter. Read more>>

Hong Kong Home Sales Hit 2-Year High in April as Transactions Surged 12%

Hong Kong property transactions climbed to a four-month high in April, with the value and volume of home sales reaching their highest level in 24 months, according to Land Registry data. A total of 8,692 transactions across all property types were concluded last month, up 12.3 percent from March’s 7,737 deals.

Total sales value rose 17 percent to HK$72.9 billion ($9.3 billion). The data underscores the resilience of the city’s real estate sector despite uncertainties over interest rates and the Middle East conflict. Read more>>

Hong Kong Economy Grows at Fastest Pace in 5 Years

Hong Kong’s economy expanded 5.9 percent year-on-year in the first quarter of 2026, its strongest pace in nearly five years, according to advance GDP data. The result marks the first economic print since the outbreak of war in the Middle East.

The strong growth underscores the resilience of Hong Kong’s recovery even as the Middle East conflict clouds the outlook for growth and inflation across Asia. Read more>>

RBA Raises Cash Rate to 4.1% in Second Hike of 2026

Australia’s Reserve Bank raised its cash rate by 25 basis points to 4.1 percent, its second increase in as many months after a prior hike in February. Five of nine board members voted for the increase, with four voting to hold rates at 3.85 percent.

The decision followed hawkish commentary from RBA deputy governor Andrew Hauser, who described high inflation as “toxic”. ANZ had already lifted its fixed mortgage rates by up to 25 basis points in anticipation of the move. Read more>>

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