With Hong Kong’s Hang Seng index having climbed more than 8.5 percent in the last month, China’s JD.com has launched a plan to list its property subsidiary on the HKEX, taking advantage of an investment surge that saw the exchange… Read More>>
Ascott Groundbreaking Showcases Chinese Tycoon’s Singapore Property Ambitions
Another Chinese tycoon is displaying a taste for Singapore commercial property with the groundbreaking of a Tanjong Pagar project highlighting the market entry of one of the mainland’s biggest steel entrepreneurs.
The Ascott Ltd, the hospitality division of CapitaLand Investment… Read More>>
Cuscaden Peak Seeks Buyer for Half-Stake in South Australia Mall
Singapore’s Cuscaden Peak has put its 50 percent interest in a South Australia mall on the market as the Temasek-owned investment group continues to sell down its real estate portfolio.
Market sources say the half-stake in Westfield Marion, the largest… Read More>>
Mapletree Sells Suburban Sydney Office Block to Growthpoint for $70M
Singapore’s Mapletree Investments has sold an office block in Sydney’s northern suburbs to Australian fund manager Growthpoint Properties for A$101.25 million ($70.2 million) as the unit of Temasek Holdings continues to liquidate a decade-old office venture.
The completed transaction for… Read More>>
Korea’s NPS Buying Incheon Shed From Straits Trading, IGIS for $300M
Singaporean conglomerate Straits Trading has agreed to sell its 47.3 percent stake in an Incheon warehouse in a deal valuing the asset at KRW 432 billion ($300 million), with market sources confirming the buyer as Capstone Asset Management on behalf… Read More>>
Japan’s KDDI Launches Service at 48MW Osaka AI Data Centre
Japanese telecom KDDI has begun operations at its AI data centre south of Osaka, less than 10 months after buying the former LCD factory site from Sharp for JPY 10 billion (then $68 million).
The 48-megawatt facility comprises 57,000 square… Read More>>
Singapore’s The Assembly Place Leaps 26% in Trading Debut as Rental Residential Heats Up
Shares of The Assembly Place made a strong trading debut Friday on the Singapore Exchange’s Catalist board, leaping 26.1 percent to close at S$0.29 ($0.23).
The co-living operator’s stock began trading at 9am under the symbol TAP and soared 34.8… Read More>>
Singapore Home Sales Jump 67% to Four-Year High as Price Growth Slows to 3.3%
Developer sales of new homes in Singapore surged 67 percent last year to 10,815 units, the highest annual total since 2021, but private home price growth eased to 3.3 percent, according to data released Friday by the Urban Redevelopment Authority.
Goodman to Invest $3.4B Developing 500MW ‘Project Atlas’ Data Centre Campus in Sydney
Australian builder Goodman Group has filed for an environmental assessment of a data centre project in western Sydney with an estimated investment cost of A$5 billion ($3.4 billion).
The scheme involves the redevelopment of Goodman’s existing Coles NDC logistics park… Read More>>
Hong Kong Office Rents Edged Upwards in December Despite Rising Vacancy
Average rents for grade A offices in Hong Kong rose 0.4 percent in December as rising demand in the city’s core business district counterbalanced rising vacancy from completion of new buildings in the Asian commercial hub.
Office leasing rates averaged… Read More>>