Asia real estate and outbound investment news
Rents and prices in Singapore’s industrial property market rose for an 11th consecutive quarter during the April-June period despite softness in trade indicators, according to Colliers.
The rental index climbed 2.1 percent, decelerating from a 2.8 percent increase in the… Read More>>
Industrial rents in Singapore rose by an average of 2.1 percent in the April through June period, compared to the preceding three months, marking the 11th straight quarter of increases in Southeast Asian city-state.
The continued upswing in rents during… Read More>>
GIC is teaming up with a Canadian partner to buy out Toronto-listed Summit Industrial Income REIT for C$5.9 billion ($4.37 billion), as the Singaporean sovereign wealth fund makes its second mega-investments in logistics real estate in less than a week.
ESR Group is acquiring a minority stake in the manager of ESR-Logos REIT from Japan’s Mitsui & Co as the Hong Kong-listed logistics giant takes virtually full control of the entity just four months after the enlarged trust was formed… Read More>>
Investment in Asia Pacific industrial property totalled $7.2 billion in the second quarter, plunging 62 percent from the record levels achieved during the same period a year earlier, as higher borrowing costs and swelling asset values compressed yield spreads in… Read More>>
Prolonged global uncertainties and tight domestic supply are hitting Singapore’s industrial real estate market, pulling down property investment deals in the sector by 4.9 percent in the second quarter to S$661.5 million ($472 million) while tempering leasing activity by a… Read More>>
Asia Pacific’s industrial real estate market outpaced pre-COVID levels for the second year in a row in 2021, with the value of shed purchases in the region soaring 82 percent from a year earlier to reach a record-high of $56.4… Read More>>
After bringing aboard Tom Woolhouse earlier this year to lead its Singapore-based logistics and industrial team for Asia Pacific, JLL has made two more outside hires to boost its shed-shifting power.
Tan Boon Leong and Ng Ee Kiat, both jumping… Read More>>
Singapore’s light industrial assets continued to find favour with investors last week as a developer listed on the city’s Catalist exchange picked up a plot in the city’s Bukit Merah district for S$112,500,000 ($83 million).
SLB Development has agreed to… Read More>>
When China Mobile snapped up a New Territories industrial site for HK$5.6 billion ($464 million) at a government auction last month, the mainland telecom giant outbid its closest competitor by nearly 56 percent, according to an announcement by the Lands… Read More>>
