Gangnam style for $USD242m
KOREA'S Hanwha Asset Management has sold its office tower in Seoul’s Gangnam business district for $USD242 million. According to Colliers International, Seoul remains amongst Asia’s regional hotspots for commercial property…
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New Logistics & Industrial leader for JLL SG
NEW YORK listed real estate firm JLL has appointed Jolyon Thomson as Executive Director for the Logistics & Industrial team in Singapore. Thomson will immediately take up the role with…
Knight Frank SG appoints Cheung as head of ESG
KNIGHT Frank has appointed Jackie Cheung as Director of ESG for Asia-Pacific and Singapore. Jackie is based in Singapore Cheung will be responsible for leading the firm’s Environmental, Social, and…
Asia Pacific investors take cautious approach
DELAYS to interest rate cuts and a limited risk appetite have put the recovery in investment activity across the Asia Pacific on hold, and further cap rate expansion can be…
Boracay (Philippines) paradise lost? Colliers
THE resurgence of a more environmentally conscious Boracay is attracting new investors and is once again attracting more tourists to its picturesque shores. It is now up to everyone, local stakeholders, businesses,…
CapitaLand trust expands investments in India
SINGAPORE-listed CapitaLand India Trust (CLINT) is set to expand its collection of 12 business park properties in Hyderabad with a new deal with long-time partner Phoenix Group this past week.…
China relations help Singapore investment
CROSS-border investment in Singapore strengthened significantly in the first quarter of 2024, rising 22.8% above the 10-year average, according to an analysis by Knight Frank’s Asia-Pacific. Knight Frank Asia Pacific…
JLL appoints new Korean boss
LEADING international real estate firm JLL (NYSE: JLL) has appointment of Taeho Yi as Country Manager for Korea, from June this year. Yi returns to JLL after a stint with…
Japan government yen intervention
THE Bank of Japan has suggested its government may intervene in the currency market. The yen’s recent movements against the US dollar has seen calls for government action. Since the start of…
CapitaLand sells Shanghai Ascott
SINGAPORE developer CapitaLand has sold a serviced apartment property in Shanghai’s Xuhui district to a mainland investor for around RMB 1.35 billion. It is rumoured CapitaLand was seeking RMB 2…
Asia Pacific office rents continue to fall
OFFICE rents across the Asia Pacific continue to decline, according to the latest Knight Frank Prime Office Rental Index for the first quarter of 2024. The index registered a 3.2%…
Knight Frank & Savills appointed to sell Malaysian landmark
KNIGHT Frank and Savills have been appointed to sell Menara Citibank in the heart of Kuala Lumpur’s business district. Savills head of Capital Markets Malaysia, Nabeel Hussain said 50 level Menara Citibank occupies…
Singapore auction market set to take off
OWNERS and creditors of distressed properties likely to boost Singapore’s auction market, according to Knight Frank. Auction listings fell 9.1% q-o-q to 90 listings, including repeat listings and excluding properties sold outside…
Asia Pacific commercial sees 13% jump
JLL report that the Asia Pacific was the only region globally to see growth in commercial real estate investment in Q1 2024, with investment volumes reaching US$30.5 billion. According to…
Old Tokyo fish market set for $USD5.8 billion redevelopment
THE Tokyo Metropolitan Government has announced a 900 billion yen (USD$5.8 Billion) redevelopment plan for the old Tsukiji Fish Market site in Tokyo. Mitsui Fudosan and the Yomiuri Shimbun Group have been…
Gangnam style for $USD242m
KOREA'S Hanwha Asset Management has sold its office tower in Seoul’s Gangnam business district for $USD242 million. According to Colliers International, Seoul remains amongst Asia’s regional hotspots for commercial property…
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