Asia Pacific real estate investment news and information
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>>
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>>
China’s cash-strapped developers cut back further on real estate investment in July as new construction starts fell at the fastest pace in almost a decade and home sales worsened despite the lifting of COVID lockdowns and a slew of stimulus… 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.
CapitaLand Investment Ltd saw its profit drop by 38.3 percent to S$433 million ($316 million) in the first half of this year as the listed fund manager took a hit from China’s stringent lockdowns while divesting assets at a slower… Read More>>
Swire Properties saw revenue decrease by 26 percent in the first half of the year to HK$6.70 billion ($855 million) while its underlying net profit slid 8 percent to $4.14 billion as its retail and hotel businesses were hit by… Read More>>
