Asia Pacific real estate investment news and information
China home sales and prices continue to plummet despite a raft of recent government measures to prop up the ailing property market, with the mainland’s pessimistic economic outlook and developers’ increased backlog of unfinished projects weighing on buyer appetite.
China’s… Read More>>
ESR has acquired a western Sydney logistics complex from M&G Real Estate for A$107 million ($70.8 million) as the APAC industrial specialist continues to bolster its Australian portfolio this year.
ESR picked up the two-building facility at Erskine Park industrial… Read More>>
The billionaire chairman of embattled Chinese developer Shimao Group has agreed to sell an Australian cattle ranch portfolio to Canada’s Alberta Investment Management (AIMCo) and a unit of Australian agricultural investment manager New Forests, as his company continues to struggle… Read More>>
Singapore is now designating land for development of long-stay rental apartments, with Minister for National Development Desmond Lee announcing the first pair of sites to be sold under the new initiative in a speech on Wednesday.
Already on the Urban… Read More>>
Keppel Corp has agreed to buy out European fund manager Aermont Capital in a deal worth up to €931.86 million ($1 billion) as the Singapore-based conglomerate continues its efforts to transform into a global asset management giant.
Keppel, through its… Read More>>
Japanese rental residential assets continue to be a favourite theme for global investors in Asia Pacific with Invesco Real Estate and Tokyo-based Alyssa Partners today announcing completion of a purchase of a 15-property apartment portfolio.
The acquisition from a major… Read More>>
GuocoLand has achieved 90 percent take-up for its 709,000 square foot (65,868 square metre) Guoco Midtown office project, based on pre-commitments, marking a fresh milestone for Singapore’s once-fringe Bugis area as an aspiring business location.
Guoco Midtown is set to… Read More>>
Singapore-based logistics builder Equalbase and Malaysian conglomerate Sunway Group broke ground on a 55 hectare (136 acre) logistics project in the southern Malaysian state of Johor on Tuesday, with the joint venture partners saying they have committed MYR 8 billion… Read More>>
City Developments Ltd has divested a high-end residential site in Tokyo for JPY 50 billion ($340 million), with the Singaporean developer saying it intends to focus on rental residences in Japan.
CDL said in a bourse filing last week that,… Read More>>
Manulife US REIT (MUST) has unveiled a recapitalisation proposal involving a $235.7 million lifeline from its sponsor and a hoped-for one-year debt extension from creditors, in an effort to rescue the Singapore exchange’s most over-leveraged property trust.
The bailout includes… Read More>>
