Asia Pacific Hotel market changes to meet new demands, CBRE
LEADING real estate agent CBRE, reports that with the Asia Pacific hotel market continuing to undergo structural change, hotel owners and operators are fine-tuning operational and branding strategies. CBRE found…
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Digital Core expands stake in Osaka data centre
SINGAPORE Exchange-listed Digital Core REIT has bought an additional 10.0% interest in a half a billion dollars Osaka data centre, solidifying its presence in the dynamic Asia Pacific market and…
Straits flush despite industrial property devaluation
SINGAPOREAN group Straits Trading Company has sold an Adelaide distribution centre it developed for $52.7 million – nearly $12 million below book value. The 34 Share Street property in Kilkenny,…
Thai tourism recovery to drive commercial property in 2024
THAILAND'S ongoing tourism recovery is set to drive the country's commercial real estate sector in 2024, according to JLL Thailand. According to JLL, Thailand’s real estate market will demonstrate resilience…
Trophy asset offered by Knight Frank Singapore
AGENTS Knight Frank is offering a rare trophy asset of two adjoining conserved shophouses in the heart of the Telok Ayer Conservation Shophouse enclave for sale by Expression of interest in…
JLL reinforces commitment to Asia Pacific
NEW YORK listed real estate advisory JLL (NYSE: JLL) has strengthened its commitment to the Asia Pacific region with two major appointments to its team based out of Singapore. JLL announced that…
Asia-Pacific double value of offshoring, Knight Frank
DESPITE a challenging business environment, the Asia-Pacific offshoring market is forecast to more than double to USD$185.1 billion by 2032, according to Knight Frank. Growth is expected to drive an additional…
15 year high for Singapore Rents, JLL
SINGAPORE'S office rents have staged a remarkable performance in the first quarter of 2024 with rents resuming their upward climb, according to research by JLL. Singapore office leasing briefly slowed…
Blackstone sells Seoul asset for $USD587.8 million
NEW YORK listed private equity group Blackstone (NYSE:BX) has sold Arc Place office investment in Seoul, South Korea for $US587.8 million (KRW791,669,725,000). Blackstone is the world's largest alternative asset manager was advised…
Singapore’s Keppel buys Sydney office tower for a discount
SINGAPORE-listed diversified property trust Keppel REIT has strengthened its relationship with Mirvac further with the acquisition of a 50% stake in 255 George Street in Sydney’s CBD for $363.8 million…
Cautious optimism for Singapore offices, Knight Frank Singapore
FIRST quarter figures for prime office space in Singapore provides cautious optimism for the market going forward, according to Knight Frank Singapore. In its first prime office report for 2024,…
Indonesian property sales boost insurance sector
PROPERTY insurance in Indonesia is expected to account for 37.2% of general insurance in Indonesia GWP in 2024. It is also expected to grow by 19.9% in 2024, supported by…
Marcos Philippines government can no longer ignore social housing issue
By Asia Editor, Edward McDonnell COMMENT IT’S TIME the Philippines government took a serious look at its social housing situation; or should I say lack of social housing. Thousands of…
Cebu sought after by international firms
COLLIERS Philippines has observed that outside of Metro Manila, Cebu remains the top choice for outsourcing firms and multinational companies. Cebu led in terms of provincial office space take-up in…
Sekisui House sell-off reaps USD$835 million
EXCLUSIVE: GARDEN City Shinagawa Gotenyama has been sold off for 61 billion yen (USD$403 million) at a discount price -- it was valued late last year at 88 billion (USD$581 million).…
China’s second largest developer ratings downgraded… again
CHINESE homebuilder China Vanke has had its rating downgraded by credit agency Fitch, a week after it emerged that the country’s second largest property developer is looking for a bail-out.…
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