Asia Pacific real estate investment news and information
Following its takeover by Temasek Holdings-backed investment firm Cuscaden Peak on 30 June, the manager of SGX-listed SPH REIT has named three new directors to its board, including Cuscaden chief executive Gerald Yong.
As part of a set of exchange… Read More>>
A 63-year-old building in Hong Kong’s Causeway Bay shopping district has been snatched up for HK$3.2 billion ($408.5 million) with local media reports linking the buyer to a mainland developer which plans to develop a “Ginza-style” office and retail project… Read More>>
China International Capital Corporation (CICC) is leasing one and a half floors in Kowloon’s International Commerce Centre (ICC) against a backdrop of sliding rents and rising vacancy in Hong Kong’s office market.
The Hong Kong unit of banking giant CICC,… Read More>>
Developer sales of private homes in Singapore rose 70.9 percent to 834 units in July from 488 homes sold in June. However, the upswing is expected to be short-lived, as analysts point to shrinking inventories and a limited… Read More>>
Hong Kong’s accounting watchdog has launched a probe into the property services arm of embattled developer China Evergrande and its erstwhile auditor PricewaterhouseCoopers, related to a RMB 13.4 billion ($2 billion) loan scheme that led to the developer firing its… Read More>>
Hines is taking on its first project in India’s commercial capital with the US developer and fund manager this week announcing plans for a 30-storey office development in Mumbai.
The Houston-based firm said the project, which is part of a… Read More>>
Investment in Asia Pacific industrial property totalled $7.2 billion in the second quarter, plunging 62 percent from the record levels achieved during the same period a year earlier, as higher borrowing costs and swelling asset values compressed yield spreads in… Read More>>
ESR has found a partner for a HK$11 billion ($1.4 billion) logistics project which it purchased last month in Hong Kong, with the industrial specialist announcing a joint venture on Monday with local developer Chinachem Group.
Entering the logistics sector… Read More>>
Jesline Goh is stepping down as chief investment and asset officer of Singaporean developer UOL Group after nearly five years on the job, with her last day set for 11 September, according to an SGX announcement late Friday.
Now 49,… Read More>>
Singapore’s GIC is buying a half slice of an A$800 million ($568.3 million) Melbourne office development from Charter Hall after the Australian property giant secured Amazon and Aware Super, the third largest pension fund in the country, as anchor tenants.
