Mapletree Investments has purchased an information technology park in Chennai, India, from the Canada Pension Plan Investment Board and its Indian partner for C$250 million ($187 million) as part of the Singaporean property developer and fund manager’s plan to expand… Read More>>
HK Office Rents to Rise 5% or Less in 2019 as Tenants Cool Expansion Plans
Hong Kong office rents are expected to increase by no more than five percent in 2019, despite record-low vacancies in prime commercial districts, as occupier demand slows after years of competition for space in the regional finance hub, according to… Read More>>
Asia Real Estate People in the News 2018-12-10
The game of musical chairs continued at mainland developers over the week, with China Fortune Land pilfering yet another executive from rival China Resources Land. Wu Xiangdong joined Yu Jian in leaving China Resources Land for China Fortune Land Development,… Read More>>
Singapore Cuts Supply of Fresh Home Sites by 25% for 2019 1H
A set of five fresh residential sites are confirmed to go up for bidding in the first half of next year under Singapore’s land sales program, with the government aiming to fill the lots with a total of 2,025 private… Read More>>
Two-Thirds of Multinationals Aim to Follow Flexible Office Trend
A survey of senior executives at global corporates has found an increasing willingness to enter into flexible work space arrangements as they move farther away from traditional leasing models for offices, embracing a trend started by digital nomads and hipster… Read More>>
Jim Yip Makes Way for Alvin Yip at C&W’s China Capital Markets Team
Jim Yip, the longtime managing director and co-head of Cushman & Wakefield’s capital markets division for Greater China, has resigned his position for “personal reasons,” the international property consultancy said Wednesday.
The Shanghai-based building broker’s responsibilities will be taken over… Read More>>
We’re No. 1! Hong Kong Again Tops Global List of Prime Office Rents
Hong Kong’s Central district remained the most expensive place in the world for premium office rental costs as of the end of the third quarter, with the district’s rents far ahead of the second city on the list, New York,… Read More>>
Asia Real Estate People in the News 2018-12-03
There are still a few more weeks remaining before Christmas, but some of Asia’s luckiest property people have already received the new roles they always wanted. GLP has brought on board a pair of retired seniors to help juice up… Read More>>
Asia Real Estate People in the News 2018-11-26
Top level personnel changes at mainland developers continue to lead the people news in the industry, as some of China’s biggest homebuilders reshuffle their top positions during the current slowdown. Developer Landsea Group’s reshuffling of their executive suite leads today’s… Read More>>
Chinachem’s One Hennessy Office Tower Now 80% Leased in Hong Kong
Chinachem Group announced on Wednesday that its One Hennessy officer tower in Hong Kong’s Wanchai district has leased all but four of the available floors among its 21 storeys of office space some three months before the building’s scheduled completion.
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