Asia Pacific real estate investment news and information
Sun Hung Kai Properties’ six-month attributable profit jumped 36 percent year-on-year to HK$10.2 billion ($1.3 billion) as Hong Kong’s biggest developer narrowed losses from markdowns of its investment properties.
The fair value of the properties, net of deferred taxation and… Read More>>
Hong Kong is turning to the flood of wealthy investors picking up luxury homes in the city to shore up its finances as an ongoing office slump crimps the land sales revenue it has long relied on to run the… Read More>>
Sydney fund manager Centennial Property Group has sold an eight-storey office building in the Harbour City’s North Shore area for A$54.5 million ($38.8 million).
The sale of 182 Blues Point Road in McMahons Point to Winten Property Group, the developer… Read More>>
Singapore’s commercial property rebound has recommenced after the lunar new year break, with a private fund backed by a set of high net worth individuals having agreed to acquire an office building near Tanjong Pagar for S$175 million ($138 million),… Read More>>
Australian builder Lendlease has agreed to sell its 30 percent stake in Singapore’s PLQ Mall to its sponsored REIT for S$265.5 million ($210 million) including equity and assumed debt.
The deal will give Lendlease Global Commercial REIT full control of… Read More>>
Asian industrial giant ESR on Wednesday announced its entry into India’s data centre market with a Mumbai project representing a total investment of INR 9 billion ($100 million).
The future facility in Navi Mumbai’s Rabale area has been pre-leased to… Read More>>
Sydney’s rebounding office market continues to attract commitments from institutional investors, with Singapore’s OUE REIT on Tuesday announcing an agreement to purchase a 19.9 percent stake in the city’s Salesforce Tower.
The SGX-listed trust will be acquiring its slice of… Read More>>
JP Morgan and Goldman Sachs have both upgraded their forecasts for Hong Kong’s housing market, predicting double-digit price gains this year as fresh data bolster signs of a recovery.
With home prices in the city now having risen 10 percent… Read More>>
CapitaLand Ascott Trust has acquired three rental residential assets in the southwest corner of Greater Tokyo for a total of JPY 4.6 billion ($29.8 million), as Asia Pacific’s biggest lodging REIT maintains its focus on the Japanese living sector.
The… Read More>>
Singapore-listed Centurion Accommodation REIT posted net property income of S$36.1 million ($28.5 million) for its inaugural financial period, beating its IPO forecast by 4.1 percent on higher rents and strong occupancy across its worker and student housing properties.
CAREIT’s gross… Read More>>
