Years after its international airport closed down, a former landing strip in Hong Kong’s Kai Tak area has again become a centre of activity in recent weeks with China Overseas Land & Investment announcing on 26 November that it has… Read More>>
Singapore’s Hoi Hup Sells London Office Building at Marked Down $100M
Singapore-based Hoi Hup Realty has sold the first overseas asset it ever bought, an office building near the northern tip of the City of London, for £75 million ($100.1 million), unloading the property at a £2 million markdown.
Hoi Hup… Read More>>
Forest, ALP, C&W, Yardi See Warehouse Technologies Becoming the Norm: MTD TV Property Innovation Forum 2021
https://player.vimeo.com/video/651414406?h=2ddc1a2441Video can’t be loaded because JavaScript is disabled: Mingtiandi Property Innovation Forum: Tech Adoption in Logistics Real Estate (https://player.vimeo.com/video/651414406?h=2ddc1a2441)
There’s no turning back for warehouse operators after the COVID-19 pandemic propelled adoption of efficiency-boosting technologies like automated… Read More>>
Digital Realty Data Centre REIT Poised to Raise $600M in Singapore’s Top IPO of 2021
US-based Digital Realty is putting the finishing touches on the IPO of a global data centre REIT with a view to raising $600 million, a capital haul that could overtake the recently listed Daiwa House Logistics Trust as Singapore’s largest… Read More>>
Blackstone Buys Hong Kong Industrial Building for Self-Storage JV
US private equity giant Blackstone on Thursday closed on the purchase of its third Hong Kong industrial building this year, picking up a property in Shau Kei Wan held by the family of late “Shop King” Tang Shing-bor to add… Read More>>
Uptick in Hong Kong Office Rents Snaps 28-Month Slump
Average office rents in Hong Kong’s Grade A office market rose 0.2 percent in October from the month before, their first increase since rates last peaked in May 2019, according to JLL.
On a net effective rental basis, average tariffs… Read More>>
Tokyo Outshines Singapore in ULI APAC Property Investment Poll
Tokyo has emerged as the top Asia Pacific city by property investment prospects in 2022, muscling aside second-place Singapore after the city-state took the honour the last two years in a row, according to a report released this week.
Hong… Read More>>
Hong Kong’s Minibus King Sells Kwun Tong Industrial Building for 35% Off
Hong Kong’s local investors are taking advantage of the city’s accelerating industrial market, with “Minibus King” Ma Ah-muk recording an en-bloc disposal of a Kwun Tong industrial building this month for HK$390 million ($50 million), or HK$6,657 per square foot.
Daiwa House Logistics Trust’s Singapore IPO 9.5 Times Subscribed
Units of Daiwa House Logistics Trust began trading Friday afternoon on the Singapore Exchange after the Japan-focused industrial REIT’s IPO proved a smash hit with investors.
Priced at S$0.80 per unit, the public offering comprised an international placement of 219,438,000… Read More>>
CDL Buys Residential Site in Singapore’s Upper Bukit Timah for $93M
A unit of SGX-listed developer City Developments Ltd (CDL) has secured the rights to a pair of commercial properties in Upper Bukit Timah for S$126.3 million ($92.5 million), a move that could pave the way for a new condominium tower… Read More>>
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