Singapore hands down its second-largest collective penalty ever to banks and wealth managers entangled in the city-state’s $2 billion money-laundering scandal, with that story leading today’s headline roundup. Also making the list, Hong Kong builder Parkview Group mulls a $26… Read More>>
Gaw, SMTB See Resilient Returns Boosting Luxury Hotels in Japan, Thailand
Asia Pacific hospitality investors continue to favour Japan and Thailand amid a post-pandemic tourism rebound in those markets, with assets in the upscale segment seen as better positioned to generate high returns, according to executives from Gaw Capital Partners… Read More>>
Speaker Bio: Kazuya Wakimoto of Sumitomo Mitsui Trust Bank MTD TV Productions
Kazuya (Kazu) Wakimoto has 30 years of professional experience in real estate business in Japan. Since 2022, he has been leading the inbound and outbound real estate businesses as the General Manager of the Global Real Estate Planning and Promotion… Read More>>
Loadstar Capital Flips Tokyo Office Tower at 30% Premium in One Year
A fund managed by TSE-listed real estate company Loadstar Capital is selling a central Tokyo office building for JPY 32.1 billion ($213 million), achieving a 30 percent mark-up from the price it paid to acquire the 13-storey tower less than… Read More>>
Aberdeen Standard Postpones Launch of Japan Residential Fund on COVID-19 Concerns
The UK’s Aberdeen Standard Investments (ASI) has put its Japan residential tie-up with Sumitomo Mitsui Trust Bank (SMTB) on ice, as the property market in the world’s third largest economy comes under pressure from a recession triggered by the COVID-19… Read More>>