Global fund manager AEW is selling a 16-storey office block in Singapore’s Raffles Place to a unit of Japanese construction and real estate firm Kajima Corp for S$286.9 million ($213.4 million), as global investors continue to target Singapore office assets.
Analysts See Little Impact as Singapore Raises Property Taxes to as High as 36%
Less than three months after targeting buyers of multiple homes with higher transaction taxes and tightened lending conditions, Singapore is introducing increases in property taxes which could raise rates charged to owners of residential investment properties by one-third or more.
Singapore Named Second-Best Data Centre Market Globally as Hong Kong Rejoins Top 10
Hong Kong has re-entered the ranks of the top 10 data centre markets worldwide after a one-year absence, while Singapore remains Asia Pacific’s premier server-hosting hub despite supply constraints, according to a Cushman & Wakefield report.
Singapore moved up two… Read More>>
Asia Real Estate People in the News 2022-01-24
While news reports have been filled with stories of global executives leaving Hong Kong, we lead our weekly roundup of people moves this week with a European fund manager sending one of its top executives into the city where no… Read More>>
Asia Real Estate People in the News 2022-01-17
The new year continues to yield a flurry of top level personnel moves in Asia Pacific’s real estate community, including mainland China heavyweight Poly Developments naming a new chairman. There are also top level moves by Manulife Investment Management, Greystar,… Read More>>
Singapore Lifts Data Centre Ban, But Will Cap Capacity, Require Efficiency
The Singapore government is lifting a 2019 moratorium on new data centre construction and will once again allow construction of new server facilities within its borders, provided that they meet criteria for energy efficiency, according to a statement on Tuesday.
Asia Real Estate People in the News 2021-12-27
Mingtiandi’s final set of personnel updates for 2021 starts off with the Hong Kong Institute of Surveyors choosing a new chief and also brings you the latest signs of troubled from the realm of China’s indebted developers. Also making leadership… Read More>>
Hong Kong Office Market Begins Recovery as Rent Cuts Slowed in 2021 2H
Hong Kong’s office leasing market shook off a sluggish first half of 2021 as tenants rediscovered their appetites for desk space, although average rents still suffered a full year decline after a steeper drop in 2020, according to research from… Read More>>
Forest, ALP, C&W, Yardi See Warehouse Technologies Becoming the Norm: MTD TV Property Innovation Forum 2021
https://player.vimeo.com/video/651414406?h=2ddc1a2441Video can’t be loaded because JavaScript is disabled: Mingtiandi Property Innovation Forum: Tech Adoption in Logistics Real Estate (https://player.vimeo.com/video/651414406?h=2ddc1a2441)
There’s no turning back for warehouse operators after the COVID-19 pandemic propelled adoption of efficiency-boosting technologies like automated… Read More>>
Logistics and Global Capital Markets Next Up in Mingtiandi Innovation Forum
Following Tuesday’s launch of the Innovation in Asian Real Estate report, Mingtiandi’s Property Innovation Forum is set to continue next week with a pair of events highlighting recent jumps in efficiency sparked by forces including the growth of Asia’s e-commerce… Read More>>
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