New stores surge as Filipinos enjoy retail therapy
FILIPINOS love for shopping is driving retail property the Philippines, with demand for more stores and expansions of existing malls. Latest data shows the Philippine economy expanded by 5.7% in…
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Rockefeller sells in Shanghai
NEW York based Rockefeller Group has sold a pair of office buildings on Shanghai’s Bund waterfront to insurance group ZhongAn Online P&C Insurance for RMB 1.44 billion ($USD198.5 million). ZhongAn Online…
Korean hotels a top performer, CBRE report
ROBUST domestic and international demand have cemented Korea’s status as one of the top performing hotel markets in Asia Pacific over the past two years, according to CBRE’s Asia Pacific…
Knight Frank SG to auction prized property
KNIGHT Frank Singapore is auctioning a freehold Good Class Bungalow (GCB) land plot in the upmarket neighbourhood of District 10 on May 30 at One Raffles Quay. Situated in an…
TPG Angelo raises $USD8 billion on back of Westin Yokohama buy
NEW YORK based investment group TPG Angelo Gordon has bought majority shareholding in Westin Yokohama for around 11.5 billion yen $USD70 million. TPG Angelo Gordon acquired a 95% quasi co-ownership…
Philippines office market resilient says Colliers
THE Metro Manila office vacancy continued to avert the 20% level vacancy amid new supply and space surrenders from non renewals and rightsizing of notable occupiers, according to the latest…
Vietnam prestige property market coming of age
VIETNAM’s emergence as one of the fastest-growing luxury real estate markets in the world has attracted Christie’s International Real Estate, the first global luxury real estate brand to enter the…
Megaworld the sustainability leader in the Philippines
PHILIPPINES property giant Megaworld is leading the way for sustainability in the country after achieving carbon neutrality across its office and mall developments. The portfolio covers 52 developments across the…
SG govt raises $805m from prime land parcel
THE Singaporean Government’s Urban Redevelopment Authority has awarded a 99-year lease of a major development land parcel to a consortium of the biggest names in real estate for $805.39 million.…
OUE Healthcare unlocks value in Kuala Lumpur
PAN-Asian healthcare conglomerate OUE Healthcare has sold a vacant land in the Malaysian capital for RM125.0 million. The property title No. Pajakan Negeri 46289, Lot 84 Seksyen 63, Town is…
Mapletree sells Singapore warehouse for $10.5m
THE Mapletree Logistics Trust has sold a small warehouse investment in Singapore for S$10.5 million. JTC Corporation has bought the 30 Tuas South Avenue 8 property, which is subject to…
Frasers sell off continues with $100m apartment sale
SGX listed property developer Fraser Property has reportedly sold the Fraser Residence River Promenade complex in Singapore for S$140 (USD$103m) . The buyer is fellow SGX listed Tuan Sing Holdings. Frasers,…
Philippines economy still strong despite slow first quarter
THE Philippines economy showed signs of slowing in the first quarter of 2024, according to Knight Frank, but it's likely to be more of a hiccup rather than a trend. Despite…
Sega Sammy sells resort to US investment firm
LISTED Tokyo video game manufacturer Sega Sammy Holdings is set to sell a prime resort investment in Miyazaki, Japan. U.S. investment firm Fortress Investment Group is the buyer of the Phoenix…
Vietnam growth in data sector
A REPORT by JLL reveals that Vietnam is set to experience substantial growth in the data centre market, driven by an expanding digital economy and increasing data consumption across the region. …
Japan Tourism record highs
THE falling Japanese yen is proving a boon for tourism operators. In March more than 3.1 million tourists visited the island nation. Inbound tourism has now exceeded pre-pandemic conditions with…
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