Investors hoping for a major turnaround in Hong Kong’s retail market in the new year may need to adjust their expectations, with property services firm Savills predicting that currently depressed rents are unlikely to rise by more than 5 percent… Read More>>
Singapore’s Hiranandani Buying Orchard Road Commercial Building in Record $127M Deal
Singapore’s Royal Group has agreed to buy a commercial building near the city’s Orchard Road shopping strip for S$172 million ($126.7 million), setting a city-wide record high price per square foot of buildable area as it plans to redevelop the… Read More>>
Singapore Shops Sees Vacancy Fall to Pre-Pandemic Levels
Singapore’s retail property market has ended a three-year freefall as vacancy in the third quarter reached its lowest level since 2019 and prime rents began heading northward, according to a recent report.
The average vacancy level for retail space in… Read More>>
Fosun Said Shopping $1B Cainiao Stake and More Asia Real Estate Headlines
Warehouse bargains lead Mingtiandi’s list of real estate headlines today as debt-laden Fosun is said to be looking for a buyer for its stake in Alibaba’s logistics unit. Also in the news, the UK’s Actis buys up more renewables in… Read More>>
Singapore Residential Rental Index Hits 24-Year High as Volume Rebounds
Residential rents rose at the highest rate ever recorded in Singapore during the third quarter, according to a new report by Savills analysing government data.
Leasing rates for landed and non-landed properties in the Little Red Dot surged 10.9 and… Read More>>
AEW, KKR, Savills See Singapore Rising on HQ Demand, Return to Office
https://player.vimeo.com/video/762882381?h=900347fa31Video can’t be loaded because JavaScript is disabled: Singapore Value-Add and Opportunistic Strategies – MTD TV (https://player.vimeo.com/video/762882381?h=900347fa31)
Despite rate hikes and economic uncertainty, real estate investment experts from AEW, KKR and Savills see robust demand driving… Read More>>
Asia Real Estate People in the News 2022-10-24
More turnover at defaulting Chinese developers leads this week’s collection of regional personnel moves with Shanghai’s CIFI losing a business development leader. Also announcing changes were SGX-listed Frasers Property which named a pair of new directors to its board, and… Read More>>
Private Equity Props Up HK Industrial Market Amid Slowing Rental Growth
Private equity investors remain keen on Hong Kong’s industrial market even as prolonged external uncertainties and strict quarantine measures have begun to infiltrate the logistics segment, according to Savills.
The city’s merchandise trade fell by 2.4 percent in the first… Read More>>
Price Record at Singapore’s Suntec City Broken for Third Time in Four Months
Adding to the string of record-breaking deals in Singapore’s Suntec City, a Thai investor is reportedly purchasing the top floor of one of the commercial complex’s office towers for S$39.7 million ($27.6 million), an industry source confirmed to Mingtiandi.
Level… Read More>>
Mainland Buyer Pays Record Price for Floor in Singapore’s Suntec City
An office floor in Singapore’s Suntec City has sold for S$41.14 million ($28.77 million), according to a social media post by Savills on Monday, with an industry source identifying the buyer as a mainland Chinese individual.
Floor 31 in the… Read More>>
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