Institutional investment into India’s real estate sector is estimated to have reached its highest annual level in ten years in 2018, driven by a mix of steady economic growth and ongoing policy changes, according to a report by property consultancy… Read More>>
Asia’s Most Affordable Office Markets Sponsored Feature
Hot spots where companies are setting up shop aren’t necessarily the most expensive.
Hong Kong’s Central is the priciest office market in the world, with occupancy costs, which include rent, service charges and government taxes, 60 percent higher than New… Read More>>
Asia Real Estate People in the News 2019-01-01
It’s a whole new year and some lucky members of Asia’s real estate community are ringing in 2019 with bigger desks and, with any luck, upgraded pay packets. In Hong Kong, one of the city’s largest real estate agencies has… Read More>>
Hong Kong Office Rents Grew Just 0.3% in November on Declining Market
The grade A office rental market in Hong Kong showed signs of further softening in November, with several major real estate services firms in agreement that leasing demand would continue to dissipate on the back of a declining economy, rising… Read More>>
Singaporean Investor Buys Seoul Hotel for $31M
Singapore-listed Datapulse Technology has announced that it has agreed to purchase the 127-room Hotel Aropa in Seoul for KRW 35 billion ($31 million), becoming the second Singaporean firm within the past month to acquire a Korean hotel, despite fears of… Read More>>
Jim Yip Joins JLL as Head of Capital Markets for China
JLL today announced that it has brought on board Jim Yip as the property consultancy’s new head of capital markets for China, with the former Cushman & Wakefield executive scheduled to take on his duties with the firm as of… Read More>>
CPPIB JV Sells Chennai IT Park to Mapletree for $187M
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>>
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