The race for the hearts and wallets of China’s coffee addicts leads today’s real estate news as venture-backed Luckin Coffee says it will open 2,500 new stores this year. That optimistic worldview may not be shared by China Overseas Land… 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>>
Greenland Group Retreats From Plans for Spire London and More Asia Real Estate News
The unwinding of China’s mega-investors leads the news again today as Shanghai-based Greenland Group pauses to reconsider its quest to build London’s tallest residential tower, and a policy bank controlled by the central government takes control of HNA’s ongoing asset liquidation…. 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>>
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>>
Allianz Buys 20% of SG’s Ocean Financial Centre From Keppel REIT for $392M
European insurer Allianz on Friday announced that it has agreed to buy a 20 percent stake in the Ocean Financial Centre office tower in Singapore from Keppel REIT for S$537.3 million ($392.1 million).
Allianz’ investment in the grade A office… Read More>>
Love Hotel Magnate Buys Singapore’s Golden Wall Centre for S$276.2M
Singapore’s Golden Wall Centre has been sold for S$276.2 million ($200.8 million) to the owner of one of the city’s budget hotel chains, according to an announcement on Monday by Edmund Tie & Company, which advised on the transaction.
A… Read More>>
Melbourne Named Top APAC Property Investment Prospect for 2019
Developed markets maintain the broadest appeal to investors in Asia Pacific real estate markets, with Melbourne, Australia being selected as city with the most appealing prospects for property investment, according to the latest Emerging Trends in Real Estate Asia Pacific… Read More>>
Sequoia Leads $6.5M Series A Investment in SG Co-living Platform Hmlet
Singapore-based co-living platform Hmlet last week announced that it has raised $6.5 million in a series A round led by Sequoia India, the India affiliate of US venture capital giant Sequoia Capital.
The co-living startup, which has 13 locations in… Read More>>
PGIM Said Buying Singapore’s 78 Shenton Way for S$680M
PGIM Real Estate is understood to have entered into an agreement with Alpha Investment Partners to buy 78 Shenton Way, a prime office property in Singapore from a fund managed by Alpha Investment Partners for around S$680 million ($494 million),… Read More>>
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