With Japan’s tourism sector on the rebound, global players have ramped up purchases of hospitality assets in Asia’s second largest economy, with foreign investors accounting for more than 60 percent of hotel acquisitions in the country during the first three… Read More>>
Hong Kong Warehouse Rents Fell 0.5% in Q3 Amid Trade Weakness
Warehouse rents in Hong Kong declined 0.5 percent year-on-year in the third quarter of 2023 as logistics demand continued to diminish and warehouse tenants refrained from actively seeking expansion opportunities, according to Savills.
The Asian finance hub’s logistics sector has… Read More>>
North Point Theatre Sold for Reported $128M in Hong Kong’s Latest Occupier Buy
A landmark theatre in Hong Kong’s North Point district has been sold for a reported HK$1 billion ($128 million) in the latest sign of occupiers buying Hong Kong properties for their own use, as end users look to lower their… Read More>>
Mall Rents in Singapore’s Orchard Area Up 1.3% in Q3 as Visitors Return
Mall rents in Singapore’s famed Orchard Road shopping area inched up by 1.3 percent in the third quarter from the preceding three months on the back of a rebound in travel and the ongoing rejuvenation in the area.
Average passing… Read More>>
Oxford, Ivanhoe, KIC, Savills See Singapore, India as Top Investment Destinations
https://player.vimeo.com/video/884400730Video can’t be loaded because JavaScript is disabled: Mingtiandi Singapore Forum 2023: Keynote Panel (https://player.vimeo.com/video/884400730)
With interest rates on the rise, trades of income earning real estate assets fell 61 percent in Australia this year and… Read More>>
Savills’ Galven Tan to Join Knight Frank Singapore as CEO
Veteran investment broker Galven Tan has agreed to join Knight Frank in Singapore as the property consultancy’s chief executive, according to an announcement today, ending a four-year stint at Savills.
Since joining Savills from CBRE in 2019, Tan has advised… Read More>>
China’s Wanda Renegotiating $4B in Pre-IPO Funding and More Asia Real Estate Headlines
China’s Dalian Wanda Group saw its application for a Hong Kong IPO lapse for a fourth time last week, and the company’s attempt to renegotiate $4 billion in pre-IPO financing leads our headline roundup today. Also in the news, China… Read More>>
Asia Real Estate People in the News 2023-09-11
A board reshuffle at a Singapore-listed data centre REIT leads this week’s collection of personnel moves in Asia’s real estate industry, as Digital Core REIT names a new chairman and CFO. Adding to the turnover this week is a director… Read More>>
Shipping Firm IMC Buys Office Floor Near Singapore’s Orchard Road for $18M
An investment company which controls one of Asia’s largest family-owned shipping firms has snapped up an office floor near Singapore’s Orchard Road for S$24 million ($17.7 million) as the city-state’s strata office market continues to gather steam.
IMC Group, founded… Read More>>
Asia Real Estate People in the News 2023-07-31
A new hire at a top US fund manager and an upgrade at one of Canada’s largest pension fund managers lead this week’s survey of personnel moves around Asia’s real estate industry, with a Beijing-based data centre operator and a… Read More>>
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