China Petroleum divests Taiwan development
STATE-owned chemicals manufacturing and property development company, China Petrochemical Development Corporation, has divested a portfolio of properties for more than NT$7.616 billion (approximately US$240 million). The company which has interests…
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Happy Jollibee! Robisons Hotels bring luxury hotel to Siargao
ONE of the Philippines fastest growing hotel group, Robinsons Hotels & Resorts (RHR) has teamed up with Hira Holdings to open its first luxury villa in Siargao Island. HHI, known…
Asia Pacific hotel investments rebound
ASIA Pacific’s hotel transactions are returning to pre-pandemic levels, fuelled by investor appetite which is being supported by strong tourism fundamentals. Asia Pacific recorded US$5.7 billion in hotel transactions over…
Paragon Globe to develop MYR1.5bn apartments in Johor
MALAYSIAN investment company Paragon Globe has secured the development rights for two parcels of land in Johor, which it is plans to invest MYR1.5 billion to build four serviced apartment…
Investors back CapitaLand’s China business park strategy
SINGAPORE-listed CapitaLand Investment has raised RMB1.2 billion (approximately US$167.9 million) to invest in the business park sector in China, and will spin off the Ascendas iHub Suzhou as a seed…
Singapore development sales continue to cool
DEVELOPMENT sales in Singapore are expected to fall further as homebuyers remain cautious. Although the latest Knight Frank Monthly Developer Sales for July 2024 reported 571 new sales (excluding executive…
Tin Sin sells Tainan factory
ALUMINIUM alloy products manufacturer Ting Sin has sold a warehouse in Tainan in southern Taiwan for NT$1.6 billion. The property was acquired by Hushang Xingdian Technology for approximately US$50.15 million.…
KGI divests major Keelung development land
INSURANCE company KGI Life has sold a large parcel of land in northern Taiwan for NT$2.55 billion (approximately US$79.92 million). The purchaser was private property developer, Bai Jia Li Construction…
EQT Asia buys PropertyGuru for US$1.1bn
BILLIONAIRE Jean Salata’s EQT Asia has purchased property technology company and real estate portal PropertyGuru for US$1.1 billion. The acquisition will result in the delisting of PropertGuru from the New…
Singapore Land cash in Stamford Court
DIVERSIFIED real estate developer Singapore Land Group has sold Stamford Court in the city state’s civic district for S$132 million, achieving over 20% above the book value. The sale price…
Bank of Chengdu pays $250m for new HQ
AFTER outgrowing its current offices, the Bank of Chengdu (BoCD) has reached an agreement to buy its future headquarters for around US$ 250 million. BoCD will buy the newly built…
Singapore logistics rent outperform
SINGAPORE’S logistics market has emerged as the star performer in Asia, recording annual rental growth of 10.8%, its best result in 10 years. According to the Knight Frank Asia-Pacific Logistics…
ASE charges into Kaohsiung
ADVANCED Semiconductor Engineering (ASE), the world’s largest semiconductor assembly and testing company, has purchased a facility in Kaohsiung, a massive port city in southern Taiwan, for over US$ 162 million.…
GLP sells Japan logistics for 55pc above book value
INDUSTRIAL and logistics player GLP J-REIT has capitalised on the strength of market by selling a portfolio of assets in Japan for over 55% the book value. GLP has divested…
Sovereign wealth fund injects $134m in Singapore life sciences
PROPERTY developer Ho Bee Land has sold a 49% stake in a life sciences building to the Brunei sovereign wealth fund for S$ 134 million. Elementum is a state-of-the-art biomedical…
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