Singapore’s Mercatus Co-operative is continuing to sell down its real estate portfolio, with sources familiar with the company’s plans saying that it is preparing to sell off a one-third interest in a Sydney office tower which it acquired just over… Read More>>
$1B West Kowloon Commercial Project Up for Tender in Hong Kong
Hong Kong developers have once again been invited to submit bids for a commercial project in the city’s West Kowloon area which could be worth as much as HK$10.7 billion ($1.36 billion) upon completion.
The West Kowloon Cultural District Authority,… Read More>>
Hong Kong Office Vacancy Climbed to 9.6% in July
Vacancy in Hong Kong’s Grade A office market rose in July, as low-season supply expanded and headwinds from rising coronavirus cases dragged on the market and thwarted any easing of tight border restrictions.
The overall vacancy rate rose to 9.6… Read More>>
Singapore Condo Complex on the Market for $358M and More Asia Real Estate Headlines
Singapore developer appetites for more redevelopment projects will be tested in the coming weeks as another set of condo owners band together to market their homes, despite a number of failed tenders in recent weeks. Also in the news today,… Read More>>
AXA IM Invests $418M in Japanese Multi-Family, Student Housing
AXA IM Alts, a prolific investor in Japanese real estate, has revisited the theme in a bold way with the acquisition of two residential portfolios totalling €423 million ($418 million) in value.
The real estate fund management division of AXA… Read More>>
Hong Kong’s Fairland Holdings Buys To Kwa Wan Retail Centre for $54M
Hong Kong developer Fairland Holdings has acquired a neighbourhood shopping centre in the urban renewal hotbed of To Kwa Wan for HK$425 million ($54.2 million).
Fairland, known locally for its suburban developments Fairview Park in Yuen Long and Hong Lok… Read More>>
M&G Real Estate Grows APAC Team in Seoul and Singapore
M&G Real Estate this past week announced a pair of senior hires in South Korea and Singapore, marking the latest move for one of Europe’s largest fund managers to grow its Asia Pacific division.
Martin Seol joins M&G Real Estate… Read More>>
Japan’s Mori Makes US Capital’s Biggest Deal of 2022 with $531M Office Buy
Mori Trust, one of the largest developers in Japan, has made its second office acquisition in the Washington DC metropolitan area in picking up 601 Massachusetts Avenue NW for a reported $531 million to score the district’s biggest deal for… Read More>>
Evergrande Winding-Up Case Kicked to November and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a court case on China Evergrande’s potential winding-up is adjourned until November, sales at a high-profile housing project in Hong Kong’s Kai Tak launch at a 10 percent discount, and Swire Properties zeroes… Read More>>
Weave, LaSalle Buy Tower in Hong Kong’s Mid-Levels for $35M
Residential investor and operator Weave Living has acquired its fourth property this year, picking up an apartment tower in Hong Kong’s Mid-Levels for HK$275 million ($35 million) via a joint venture with LaSalle Investment Management, according to a statement by… Read More>>
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