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…
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Strata sellers play their cards right
SEVEN office floors within the Solitaire On Cecil building in Singapore’s Chinatown Point have sold for S$371 million, setting new records for the market. Savills Singapore team handled the sale…
OCT buyout Shanghai partner for US$ 283m
A SUBSIDIARY of China state-owned enterprise Overseas Chinese Town (OCT Ltd) has bought out its sister company’s interest in a Shanghai project for RMB 2.05 billion (approximately US$ 283.46 million)…
Philippines takes the stick to POGO industry
THE Philippine government’s decision to ban Philippine Offshore Gaming Operators (POGO) will impact the Manila office market, where they currently occupy about half a million sqm of space. In his…
Thailand thermal energy group warms to Chiang Mai
THAI thermal and renewable energy provider Inter Far East Energy has diversified its interests with the acquisition of the hotel in Chiang Mai for THB 2.371 billion (approximately US$ 65.95…
Nomura makes US$145m real estate trades
ONE of Japan’s largest REITs, the Nomura Real Estate Master Fund has bought and sold over $US 260 million worth of investments in a move to rebalance the diversification of…
Green shoots emerging in Singapore industrial market
SINGAPORE’S industrial occupancy rates and rents are improving and occupiers are tentatively renew leases as the manufacturing sector appears to have turned a corner. According to the latest Knight Frank…
Tropicana sells stake in Selangor mall for US$ 147m
MALAYSIAN property developer Danny Tan Chee Sing’s Tropicana Corporation has sold its majority stake in an underperforming shopping mall for RM680 million (approximately US$ 147 million). TCB held a 70%…
Asia Property Journal Deal Watch
ASIA Property Journal’s weekly comprehensive wrap of property sales and leasing transactions across Asia. Retail Kunming, China Parkson Retail Group has signed a leasing agreement with Kunming Nanya Fengqing…
Taiwan buoyed by strong industrial sales
TECHNOLOGY and manufacturers continue to drive industrial sales in Taiwan with over NT$ 4 billion (approximately $US 121 million) worth of assets changing hands this week. Bluetooth technology components supplier…
Distress properties and bankruptcies rising in Singapore
MORTGAGEE commercial and residential property listings increased in Singapore and are expected to rise further for the remainder of 2024 as higher costs put pressure on investors and owners. According…
China life sciences facilities sell for US$227m
A PORTFOLIO of four pharmaceutical, research and development and biotech facilities has sold for RMB 1.65 billion (approximately $US 227.17 million). Humanwell Healthcare Group has purchased the properties from Wuhan…
One floor at BOA HK tower fetches over US$33m
PROPERTY developer Sino Land Company has acquired an office floor within the Bank of America Tower, one of the 29 Hong Kong Island buildings in the Symphony of Lights, for…
Investors approve US$112m mall sale
INVESTORS in China LVGEM have approved the sale of Hongwan Shopping Mall in the Guangdong province for RMB 813.87 million (approximately US$ 112.22 million). The purchaser is Shenzhen LVGEM. Located…
Invincible shows confidence in Japan tourism industry
INVINCIBLE Investment Corporation has cemented its position as the largest hotel owner amongst all J-REITs with a JPY 104.420 billion (approximately USD$ 667.96 million) portfolio acquisition. The transaction was struck…
Genting Plantations sow future in West Java
MALAYSIAN conglomerate Genting Plantations has acquired two large land parcels in Indonesia’s West Java Province for IDR 2,052 billion (approximately USD$126.70 million). The two parcels comprise approximately 152 hectares and…
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