A hotel in Hong Kong’s Sai Ying Pun district recently changed hands for HK$310 million ($40 million), taking a 30 percent shave off the HK$450 million asking price when it was put on the market in May.
Beijing-based Vantone Holdings,… Read More>>
CDL Steps Up SG Redevelopment Projects as Profit Falls 99%
Real estate giant City Developments Ltd (CDL) is stepping up plans to redevelop its older commercial buildings in Singapore’s central business district after the COVID-19 pandemic dragged the group’s net profit in the first six months of the year.
CDL… Read More>>
Tenants Flee Hong Kong’s Central District as Office Vacancy Hits 5.6%
Hong Kong’s Central district is witnessing a sharp drop in leasing demand, as corporate occupiers and major retail chains shy away from the cost of operating in the world’s most expensive commercial district.
Office leasing rates fell by 2.4 percent… Read More>>
New World Buys Shanghai Commercial Project for RMB 4.1B
New World Development has added a Shanghai project to its mainland commercial portfolio, winning an uncontested land auction for a site on Huaihai Road with a RMB 4.1 billion ($590 million) bid, according to an official announcement today.
The land… Read More>>
AIMS APAC REIT to Buy Warehouse in Singapore’s Jurong for S$129.6M
SGX-listed AIMS APAC REIT (AA REIT) has agreed to buy a four-storey warehouse in western Singapore’s Jurong district for S$129.6 million ($94.4 million), notching the city’s biggest industrial deal thus far in 2020 as investors compete for logistics investment opportunities.
David Faulkner Tapped to Lead ULI’s APAC Operations
The Urban Land Institute (ULI) appointed David Faulkner as president for the Asia Pacific region with immediate effect, the real estate industry organisation announced on 6 August.
Faulkner joins ULI after a short break following a 16 year career with… Read More>>
Singapore Office Building Selling for S$500M, 34% Over Valuation
Tuan Sing Holdings has agreed to sell the Robinson Point office building near Singapore’s Raffles Place central business district for S$500 million ($364.2 million), or 34 percent over the property’s book value, notching an above market deal after real estate… Read More>>
Join the Top Real Estate Execs Responding to Mingtiandi’s Proptech Survey
Mingtiandi launched its proptech survey last week and has already received responses from top executives managing billions of dollars in real estate across the region.
To date, more than 80 responses to the survey have been received with over 75… Read More>>
China Resources-Led Group Buying Hong Kong Supermarket Chain for $300M
China Resources Capital Management, the alternative investments arm of China’s state-owned conglomerate China Resources Holdings, said Thursday it and partner Asia Food Growth Fund have signed an agreement to buy a 65 percent stake in Hong Kong-based high-end supermarket chain… Read More>>
ESR-AXA JV Buys Amazon Japan Warehouse for $368M
A joint venture between warehouse developer and fund manager ESR and AXA Investment Managers has acquired a logistics facility near Tokyo for approximately JPY 39 billion ($368 million), just seven months after Amazon leased nearly half of the property.
The… Read More>>
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