Marcos Philippines government can no longer ignore social housing issue
By Asia Editor, Edward McDonnell COMMENT IT’S TIME the Philippines government took a serious look at its social housing situation; or should I say lack of social housing. Thousands of…
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Asia Property Journal Deal Watch
ASIA Property Journal’s weekly comprehensive wrap of property sales and leasing transactions across Asia. Industrial Johor Bahru, Malaysia 5E Resources has bought a leasehold industrial land in Johor Bahru,…
ESR boosts presence in India
REAL estate manager ESR has strengthened its position in India after acquiring a 27-acre land (110,000 sqm) in Oragadam, an industrial suburb of Chennai, the capital of the state of…
Savills to manage Ha Noi estate
SAVILLS Vietnam has signed a property management agreement with Vinapol to manage the Orange Garden in Hoai Duc, Hanoi. Orange Garden covers 54.6 hectares and comprises 693 detached and semi-detached…
Luxury Hong Kong home expected to fetch HKD$80m
A RARE and luxurious detached house in Hong Kong’s New Territories is on the market with an indicative price of HKD$80 million (approximately USD$10.2 million). Savills has been appointed as…
Kumamoto government looking to become semiconductor hub
THE race is on across Asia to attract the lucrative semiconductor manufacturing sector, with the Kumamoto Prefectural Government unveiling its wish to support Japan’s largest hub on the Kyushu Island.…
FPG acquires Roppongi property for fractional ownership trust
REAL estate fractional ownership investor Financial Partners Group (FPG) has bought a commercial real estate property in Tokyo. The property will be spun into FPG’s “Premium Asset Series,” a real…
Daiwa makes JPY12bn housing portfolio rearrangement
REAL estate group Daiwa Securities Living has made adjustments to its portfolio with over JPY12 billion (approximately USD$76.2 million) worth of transactions. Daiwa has bought three residences for JPY6.62 billion,…
Daiwa to tear down and rebuild aging apartment
JAPAN’S Daiwa House REIT has made the call to demolish a defective aging apartment building in Tokyo and rebuild a new complex. The REIT will demolish Castalia Kamiikedai, a four-storey…
UEM Sunrise exits Johor project
MALAYSIAN property developer UEM Sunrise is selling its 40% interest in a joint venture to partner KLK Land for MYR386.20 million (approximately USD$82 million), as part of its strategy to…
Thailand vying for high tech manufacturing
THAILAND is looking to capitalise on its strategic geographical location to become the global centre for high tech manufacturing. ESR and Samsung-owned United States-headquartered HARMAN International has started construction on…
Oil tycoon OK Lim’s Singaporean home for sale
ANOTHER prestigious property belonging to embattled oil tycoon OK Lim is on the market, and is expected to fetch around SGD$43 million. Knight Frank Singapore is selling the Good Class…
Japan’s Daiwa House sell out of Malaysia joint venture
JAPAN’S largest homebuilder Daiwa House’s Malaysian arm has sold its interest in a property development company to its joint venture partner. Daiwa House Malaysia has sold its 40% stake in…
KKR and Singtel dial up investment in data centres
NEW York-based global investment firm KKR has joined forces with Singaporean telecommunication giant Singtel to invest SGD$3 billion in data centres, as the AI-led growth in demand for digital infrastructure…
Robinsons Land sells 11 malls for P33.9bn
REAL estate developer Robinsons Land Corporation (RLC) has sold 11 malls and two offices for PHP33.915 billion (approximately USD$578 million) in one of the largest transactions in the Philippines this…
Mirae offload Seoul office for KRW300bn
SOUTH Korea’s largest investment banking group Mirae Asset Securities is in due diligence to sell its Seoul office building in the capital Seoul to Woori Financial Group. In an announcement…
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