Macquarie acquires Seoul data centre for US$530m
MACQUARIE Asset Management, the world’s largest infrastructure manager, is increasing its exposure in digital infrastructure with the acquisition of a data centre in South Korea for KRW 734 billion (approximately…
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SG’s Mapletree net loss S$577.2m
SINGAPORE'S Mapletree Investments reported a net loss of S$577.2 million ($427.7 million) for its fiscal year to the end of March, reversing a year-earlier net profit of S$1.1 billion, as…
Singapore’s Hiap Hoe check-in at Perth’s Riverdale
TWO Perth hotels have changed hands, with the Great Eastern Motor Lodge selling for $40 million to Singapore's Hiap Hoe Limited, while a first-time investor spent $17 million on Flag…
Supply chain shifts drive manufacturing to Southeast Asia and India
OVER the next decade will accelerate shifting supply chains whereby manufacturing and production locations will diversify to multiple locations across Southeast Asia and India, according to a JLL report. The…
Asia Pacific prime rents continue free fall
PRIME office rents in the Asia Pacific region fell again for the seventh consecutive quarter, led by Jakarta. However, Manila, Ho Chi Minh City, Brisbane and Auckland bucked the trend.…
Japanese owner mulls USD$750m Manila casino resort float
JAPAN’S Universal Entertainment Corp is reviving its plans to list its mega casino and resort complex, Okada Manila in the Philippines capital, to free up cash after its rating was…
Navanaami plans twin skyscrapers in the City of Pearls
PROPERTY developer Navanaami Projects Private Ltd has drawn back the curtains on its crowning jewel project, Megaleio, in Hyderabad, the City of Pearls in India. The RERA-approved project (PO2400007676), Megaleio…
Foreign property investors return to Phuket
PREMIER leisure destination Phuket is witnessing a resurgence, attracting affluent overseas property buyer as Thailand’s largest island is expecting a tourism boom with revenue set to hit 400 billion baht…
DWS senior Asia Pacific appointment
DWS has announced that Matthias Naumann has been appointed to the position as Chief Investment Officer (CIO) Real Estate for Asia Pacific based in Sydney relocating from DWS’ Frankfurt headquarters. …
Korean VC shows confidence in Asia long-stay sector
SOUTH Korea’s largest venture capital, the USD$3.2 billion Korean Investment Partners (KIP) has thrown its support behind LiveIn, long-stay rental homes provider, looking to capitalise on the 60 million young…
Megawork unveils estate and golf course in Lian Batangas
THE Philippines leading township developer Megaworld is planning to develop a 150-hectare beachside property in Lian town, Batangas into a residential village estate with an 18-hole golf course. Through its…
Tokyo luxury property rents rise, Singapore decline
DESPITE healthy economic growth and its status as Asia’s financial capital, Singapore’s luxury residential property rents have slumped whilst Japan’s capital city continues to perform. According to Knight Frank’s latest…
Philippines on course to become economic powerhouse
PHILIPPINES economy will triple in size over the decade to become a major economic titan like China, Japan, India, and South Korea, according to Department of Finance (DOF) Secretary Ralph Recto.…
Japanese department store Isetan expands in Bangkok
JAPAN'S largest department store group Isetan Mitsukoshi is expanding its brand in Bangkok, taking advantage of the growing popularity of Japanese culture in Thailand. Isetan has formed a strategic partnership…
US manufacturer rewires supply chain with Malaysian facility
UNITED States Illinois-based electrical and network infrastructure manufacturer Panduit is fortifying its supply chain by opening a new plant in Johor Bahru, Malaysia. Spanning 25,083 square metres, the facility is…
China’s property rescue plan to stabilise market
ALTHOUGH China’s new property rescue plan is expected to stabilise market the financial position of construction projects, uncertainty remains on the demand side, according to analysts. Beijing new policy includes…
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