Tuan Sing exiting Fujian project
SINGAPORE’S Tuan Sing has sold a major stake in a large land parcel in China’s Fujian Province after over 10 failed attempts to development the site. Tuan Sing held an…
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Florida ban on Chinese buyers goes to Federal Appeal
A FEDERAL appeals court will this week hear an to block a controversial Florida law signed last year that restricts Chinese citizens from buying real estate in much of the…
Singapore industrial steady as she goes: Knight Frank
SENTIMENT in the manufacturing sector has turned a corner and this will in turn contribute to the continued resilience of industrial real estate. Advanced estimates by the Ministry of Trade…
Chinese developer avoids default – just
GUANGZHOU-based developer R&F Properties avoided default on a £800 million project loan for its One Nine Elms development in southwest London by selling its $1.3 billion UK condo and hotel…
Blackstone sells Korean office for $USD588m
PRIVATE equity giant Blackstone has finalised the sale of its major Korean office asset in Seoul, Arc Place, to local fund manager Koramco for $USD588 million. In a statement, Blackstone attributed…
Indian Real Estate: Navigating the Mileage of Growth and Adaptability
THE global economy is grappling with the dual challenges of recovering from inflationary pressures and navigating the persistent influence of elevated interest rates and geopolitical conflicts. These factors have collectively…
German fund sells Tokyo office investments for $USD295m
THE real estate arm of East Japan Railway has bought the Shibuya Prime Plaza office building for in excess of 25 billion yen - around $USD165 million - Germany’s Union…
Japan’s small hotel rooms a mismatch
A MERE 4% of the hotels in Japan’s major cities have rooms that can accommodate three or more guests. Research has found around half of the foreign travellers visiting Japan…
JLL increases push for ESG in Thailand
LEADING real estate consultancy JLL projects Environmental, Social, and Governance (ESG) trends in 2024 will underscore the escalating desire for sustainable office buildings and the crucial role of building performance…
HK offices remain flat
OVERALL the Hong Kong office market remains flat despite an increase in luxury brand office leasing. JLL's latest Hong Kong Property Market Monitor found luxury brands have benefited from the return…
Singaporeans spoilt for choice, Knight Frank
HOMEBUYERS have more choices now than they did in the property boom during the pandemic, and the variety of options has led to longer decision-making before purchase. Nevertheless, demand remains…
Asia Pacific appetite for flexible workspace continues to grow
DEMAND for flexible workspace continued to grow throughout the Asia Pacific, despite subdued market conditions across 2023. According to The Instant Group’s 2024 APAC Flexible Workspace Market Review, demand for…
Vietnamese developer who swindled $41bn receives death sentence
A Vietnamese property tycoon has been sentenced to death in one of the world’s biggest-ever fraud cases, with total damages estimated at a staggering A$41.3 billion. Three hand-picked jurors and…
Japan’s listed Loadstar Capital dabbles in luxury hotels
EXCLUSIVE: LISTED Japan based property company LoadStar Capital has purchased six hotels & resorts from development group NTT Urban Development Corporation. The price remains undisclosed but Asia Property Journal estimates the…
Flexible workplace demand growing in Thailand
ASIA Pacific and Australia flexible workspaces provider, The Flexi Group, is expanding Thailand’s capital to capitalise on rising demand. The Common Ground Ploenchit will be spread over two floors in…
Valuers beware – IVS to include ESG from 2025
OPINION: LANDLORDS need to start preparing for more questions from valuers about an array of different ESG elements for assets following changes to the International Valuation Standards (IVS). The IVS…
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