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SUNeVision-iAdvantage-Hong-Kong-Fanling-Data-Center

Singapore Named Second-Best Data Centre Market Globally as Hong Kong Rejoins Top 10

2022/02/04 by Christopher Caillavet Leave a Comment

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>>

Guoco Midtown2

Singapore Office Rents Expected to Rise By Up to 5% in 2022

2022/02/04 by Beatrice Laforga Leave a Comment

Office rents in Singapore’s central region are predicted to jump by 3 to 5 percent this year on tight supply, improved leasing sentiment and a bigger portion of the workforce returning to the office, according to analysts at Knight Frank… Read More>>

Fusheng's Pan Weiming

Mainland Developer Fullsun Says Creditors Have Seized Hong Kong Project

2022/02/03 by Pawara Laothamatas Leave a Comment

Hong Kong-listed Fullsun International lost control of its maiden investment in the city this week, with the developer announcing on Monday that receivers have been appointed for its 79-unit residential asset at 6 La Salle Road.

The remaining units and… Read More>>

Ascott chief executive officer Kevin Goh

CapitaLand’s Ascott Sets Up $150M US Student Housing Venture With Saudi Partner

2022/02/03 by Christopher Caillavet Leave a Comment

Singapore-based The Ascott Ltd will expand its US student housing empire through a $150 million development venture with Saudi investor Riyad Capital, starting with an apartment complex near the flagship university of the state of Nebraska.

Ascott, the rental housing… Read More>>

Ong Jeun Jye Sun Venture

Singapore’s Sun Venture Closes on $201M Buy of WeWork London Asset

2022/02/03 by Beatrice Laforga Leave a Comment

Singapore’s Sun Venture has completed its acquisition of a freehold office building in central London from WeWork Capital Advisors for £148 million ($201 million), keeping up a string of acquisitions by Asian investors that helped drive a record 15 trades… Read More>>

Space DC CEO Darren Hawkins

Singapore’s SpaceDC Enters The Philippines With 72MW Data Centre 

2022/02/03 by Beatrice Laforga Leave a Comment

Data centre provider SpaceDC is developing a 72 megawatt hyperscale campus in the eastern Greater Manila area as its first Philippine project, as the Singapore firm aims to build the country’s first green server hosting facility.

The data centre developer… Read More>>

Jasvinder Khaira of Blackstone

Blackstone Doubles Down on China Data Centre Bet With $250M Investment in VNET

2022/02/02 by Christopher Caillavet Leave a Comment

Blackstone will invest a further $250 million in Beijing-based data centre developer VNET Group, as the US private equity giant looks to jump-start a bet that has suffered in the wake of China’s crackdown on domestic firms listing on American… Read More>>

Chen Zhuolin

China’s Agile Group Dodging Debt Crisis With Sales of Stakes in Seven Projects

2022/02/02 by Christopher Caillavet Leave a Comment

Agile Group is hanging for-sale signs on more of its assets, with nearly RMB 1.8 billion ($280 million) in new disposals announced since last Friday.

The cash-strapped Guangzhou builder is selling its shareholding in two under-construction residential projects in Xuzhou,… Read More>>

Frasers Property Soon Su Lin

Frasers Property Names Soon Su Lin As Singapore CEO

2022/02/02 by Beatrice Laforga Leave a Comment

Over two years after saying goodbye to its long-term head of Singapore, Frasers Property Ltd has appointed Soon Su Lin to lead its home city operations, giving Frasers Property Singapore its first chief executive since 2019.

Soon, who led the… Read More>>

Hui Wing Mau Shimao

Shimao Chairman Selling Stake in Hong Kong Luxury Project for $134M

2022/02/01 by Pawara Laothamatas Leave a Comment

Hui Wing Mau, chairman of defaulting real estate developer Shimao Group, has agreed to sell his 40 percent stake in a luxury project in Hong Kong’s Deep Water Bay for a total consideration of HK$1.04 billion ($134.2 million), according to… Read More>>

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