The price for a developer to maintain occupancy in a prime office property in Hong Kong’s declining market might just be a 12 percent rent cut, according to operating statistics released by one of the city’s top commercial landlords late… Read More>>
Warburg Pincus Names Ellen Ng, Goldmans’s Murata to Lead Asia Real Estate
Less than two weeks after its head of Asia real estate Jeffrey Perlman was promoted to president of its global business, investment firm Warburg Pincus has named new leadership for its property division in the region, promoting a company veteran… Read More>>
Singapore Industrial Rents Rise for 11th Straight Quarter as Demand Grows
Industrial rents in Singapore rose by an average of 2.1 percent in the April through June period, compared to the preceding three months, marking the 11th straight quarter of increases in Southeast Asian city-state.
The continued upswing in rents during… Read More>>
Tech Survey Set to End Friday as Real Estate Stares Down Projected AI Boom
With the release of consumer-ready AI tools like ChatGPT and Google’s Bard making powerful labour-saving tech available as never before, a study released by Bloomberg last month estimated that the market for generative artificial intelligence will grow to $1.3 trillion… Read More>>
Shimao Shares Slide 67% as Trading Resumes and More Asia Real Estate Headlines
More trouble for China’s housing giants leads today’s collection of real estate headlines from around the region, as Shimao is punished on the HKEX as two of its competitors are downgraded by Moody’s. Also making the list is some upside… Read More>>
Bain Buying 90% Stake in India’s Adani Capital, Adani Housing, Buying Out Family
Private equity major Bain Capital on Sunday announced an agreement to acquire 90 percent of two companies controlled by Indian billionaire Gautam Adani.
The transaction will buy out 100 percent of the Adani family’s private investments in Adani Capital, which… Read More>>
Wanda Sells $320M Stake in Investment Unit to Ex-Evergrande Venture as Bond Comes Due
Dalian Wanda Group has agreed to sell a 49 percent stake in an investment division which holds a stake in its Wanda Film unit for RMB 2.27 billion ($320 million), with reports indicating that the cash raised will go towards… Read More>>
Singapore Real Estate Investment Fell 50% to $2.9B in Q2
Investment in Singapore real estate plunged to a two-year low in the second quarter, falling S$3.8 billion ($2.86 billion) after dropping 50 percent from the S$7.6 billion recorded a year ago as big ticket deals dried up.
Last quarter’s total… Read More>>
GIC, Warburg, Temasek Meet With China Regulators and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Chinese regulators host global fund managers in a bid to boost market confidence amid a sputtering economy, and Singapore’s GIC agrees to buy a logistics facility in Japan’s Nagoya area. Also making the… Read More>>
Hong Kong’s Far East Consortium Marketing Aussie Ritz-Carltons for Reported $342M
Hong Kong-based developer Far East Consortium (FEC) is marketing a pair of newly built Ritz-Carlton hotels in Melbourne and Perth with a combined 462 luxury rooms, testing the strength of a rebound in sales of hospitality assets.
The listed firm… Read More>>
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