China’s housing market continues to slide despite stepped-up efforts to boost sentiment, with that story leading today’s headline roundup. Also making the list, WeWork India files for an initial public offering and Brookfield India REIT reports a rise in leasing.
Singapore’s Frasers in $250M Vietnam Industrial JV with Hanoi’s Gelex
Frasers Property is adding a second industrial joint venture to its business in Southeast Asia’s fastest growing economy as the company introduces a VND 6 trillion ($250 million) strategy to develop and operate warehouses and manufacturing space across northern Vietnam.
CapitaLand Sells Hanoi Office Project to Viva Land For $550M
Just over a year after opening a 100,000 square metre office project in western Hanoi, a fund managed by Capitaland Investment Ltd has sold the partially filled asset for S$751 million ($558 million), leaving it with just one partially developed… Read More>>
New CEO and Chairman at Hong Kong’s MTR and More Asia Real Estate Headlines
The biggest Hong Kong landlord that most people have never heard will have new leadership soon after the MTR Corporation, which operates the city’s light rail network, announced late last week that it has appointed a new CEO and chairman…. Read More>>
ESR Plans Up to 7 India Logistics Projects By Year-End and More Asia Real Estate Headlines
Leading today’s roundup, warehouse builder e-Shang Redwood plans to snap up hundreds of acres of land across India and start work on its first industrial project in the country by the end of 2018. Speaking of groundbreaking, a monumental mixed-use… Read More>>
Raffles City HCMC Could Be on the Way as CapitaLand Plans Vietnam Expansion
Singapore’s CapitaLand continues to ramp up its Vietnam presence as the city-state’s biggest developer suggested that it would consider building one of its Raffles City commercial projects in Ho Chi Minh City.
The signature development comes as part of a… Read More>>
CapitaLand Means Business in Vietnam with $500M Office Fund
Vietnam may have once been famous for war, but now the southeast Asian powerhouse means business, and Singapore’s CapitaLand is betting that those businesses will need offices.
After investing in residential and serviced apartment projects in Vietnam since 1994, Singapore’s… Read More>>