Fund managers and financiers lead this week’s roundup of employment news here on Mingtiandi with one of Korea’s largest pension investors extending the job of its chief investment officer for an additional year. With that news cheering up private equity… Read More>>
Hong Kong Office Vacancy Rises for 13th Straight Month, Central Now 6% Empty
Hong Kong’s beleaguered Grade A office market continued to face rising vacancies and falling rents in August, although the emptying out of Central and other core districts of the city showed signs of slowing, according to a report released earlier… Read More>>
Asia Real Estate People in the News 2020-09-21
Board reshuffles at some of China’s largest developers lead this week’s collection of job changes in Asia Pacific, with Guangzhou R&F promoting a company veteran and Modern Land appointing a new non-executive director. There are also two senior-level shifts in… Read More>>
Tencent to Open SE Asia Regional Hub in Singapore and More Asia Real Estate Headlines
WeChat has already become a point of controversy in India and the US, but that hasn’t dissuaded the messaging app’s parent firm, Tencent from plotting regional expansion, with the Shenzhen-based tech giant announcing plans this week for a new regional… Read More>>
PGIM Buys Industrial Building in Singapore’s Paya Lebar for S$75M
PGIM Real Estate has acquired a six-storey industrial building in Singapore’s Paya Lebar region for S$75 million ($55 million) the global real estate manager announced on 11 September, underlining the growing popularity of industrial assets with some of the world’s… Read More>>
56% of APAC Real Estate Fund Managers Aim to Up Japan Exposure
Safe is sexy for real estate investors in Asia Pacific this year, according to the results of a survey released this month, with the region’s most stable markets becoming targets for managers of property funds targetting the region.
Japan now… Read More>>
Asia Real Estate People in the News 2020-09-07
New namecards are being given out in two of Asia’s primary financial hubs early this month as a set of veteran property professionals take on new roles, or decide to take some time off.
The Singapore government’s… Read More>>
Hong Kong Tenants Hand Back Offices for 12th Straight Month
The amount of office space leased in Hong Kong contracted for the twelfth straight month in July as a combination of economic uncertainty, public health emergencies and political tension kept tenants on the sidelines of the world’s most expensive real… Read More>>
Big Data, Cloud Computing in Demand as Proptech Takes Off in China, Says JLL
Growing cooperation between real estate companies and technology firms is boosting adoption of technology in China’s property sector as demand grows for big data, cloud computing and Internet of Things solutions, according to a report published today by JLL.
A… 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>>
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