Asia Pacific real estate investment news and information
City Developments Ltd on Thursday posted a first-half net profit of S$1.1 billion (now $800 million), a record-high result propelled by a one-time gain from the Singapore-based builder’s divestment of the Millennium Hilton Seoul hotel.
Revenue in the first six… Read More>>
Singapore-based hyperscale specialist Empyrion DC plans to invest up to $400 million developing a green 40-megawatt data centre in Seoul’s Gangnam district, as it joins the growing squad of foreign firms crowding into South Korea’s digital infrastructure market.
The subsidiary… Read More>>
Wharf Holdings on Wednesday said its profit attributable to shareholders plunged 95 percent year-on-year to HK$57 million ($7.3 million) in the first half of 2022 as COVID-19 lockdowns in mainland China and Hong Kong caused “severe hardships” to the group’s… Read More>>
Investment in Asia Pacific commercial real estate tumbled 17 percent year-on-year to $70.9 billion in the first half of 2022 as deal activity eased in several of the region’s major economies, according to JLL.
The office sector remained APAC’s most… Read More>>
PAG-backed data centre platform Flow Digital Infrastructure is entering the Australian market through an A$26 million ($17.97 million) takeover of ASX-listed colocation provider DXN, according to an announcement this week.
Flow’s local subsidiary Flow2Edge Australia has agreed to acquire Perth-based… Read More>>
Swire Properties has revealed plans to open an ultra-luxury hotel in Shenzhen under The House Collective brand, marking the blue-chip developer’s second announcement of a new hotel in less than a month.
As the first entry in Shenzhen for the… Read More>>
Distressed Chinese property developer Guangzhou R&F Properties announced its long-delayed 2021 audited financial results on Sunday, reporting a net loss of RMB 16.4 billion ($2.4 billion). That figure was nearly double the loss of RMB 8.7 billion which R&F had… Read More>>
Chinese developer Logan Group has provided new details of the “holistic” approach it will take to work through its $6.6 billion debt load, including the suspension of interest payments on five sets of offshore bonds maturing over the next six… Read More>>
China Evergrande Group, the world’s most indebted developer, said late last week it will receive a RMB 5.52 billion ($818 million) refund from the city of Guangzhou for giving up the land use rights for an unfinished football stadium in… Read More>>
Goodman Group late last month agreed to acquire nearly three-quarters of an industrial building in the New Territories from the family of Hong Kong’s late “Shop King” Tang Shing Bor as the Australian developer looks to expand its now fully… Read More>>
