KKR and Singtel dial up investment in data centres
NEW York-based global investment firm KKR has joined forces with Singaporean telecommunication giant Singtel to invest SGD$3 billion in data centres, as the AI-led growth in demand for digital infrastructure…
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Reprieve for Shenzhen developer owing $12bn
SHENZHEN-based property developer Kaisa Group has been granted an extension by the Hong Kong High Court to finalise a debt restructure plan after it defaulted on $12 billion loan payments.…
Market gives Midea spin off a thumbs up
CHINESE developer Midea Real Estate Holdings received positive reaction from the market about its proposed plans to spin off the property development business. The company’s stock price jumped by 70%…
Paragon sells The Rail Mall for SGD$78.5m
RETAIL property investor Paragon REIT has sold Singapore’s prominent retail strip, The Rail Mall, for SGD$78.5 million. Located along Upper Bukit Timah Road, adjacent to iconic Rail Corridor nature trail,…
Innovative solutions floated to meet data centre hunger
DEVELOPERS are thinking outside the square to meet the insatiable appetite for data centres by dipping their toes in aquatic-based facilities, after Tokyo, Singapore and Jakarta overtook London as the…
Improving fundamentals support Taiwan CRE
DESPITE ongoing geopolitical risks, improving fundamentals and solid GDP growth will position Taiwan’s real estate sector for growth this year. According to the Directorate General of Budget, Taiwan’s GDP is…
Asia Property Journal Deal Watch
ASIA Property Journal’s weekly comprehensive wrap of property sales and leasing transactions across Asia. Industrial Johor Bahru, Malaysia 5E Resources has bought a leasehold industrial land in Johor Bahru,…
ESR boosts presence in India
REAL estate manager ESR has strengthened its position in India after acquiring a 27-acre land (110,000 sqm) in Oragadam, an industrial suburb of Chennai, the capital of the state of…
Savills to manage Ha Noi estate
SAVILLS Vietnam has signed a property management agreement with Vinapol to manage the Orange Garden in Hoai Duc, Hanoi. Orange Garden covers 54.6 hectares and comprises 693 detached and semi-detached…
Luxury Hong Kong home expected to fetch HKD$80m
A RARE and luxurious detached house in Hong Kong’s New Territories is on the market with an indicative price of HKD$80 million (approximately USD$10.2 million). Savills has been appointed as…
Kumamoto government looking to become semiconductor hub
THE race is on across Asia to attract the lucrative semiconductor manufacturing sector, with the Kumamoto Prefectural Government unveiling its wish to support Japan’s largest hub on the Kyushu Island.…
FPG acquires Roppongi property for fractional ownership trust
REAL estate fractional ownership investor Financial Partners Group (FPG) has bought a commercial real estate property in Tokyo. The property will be spun into FPG’s “Premium Asset Series,” a real…
Daiwa makes JPY12bn housing portfolio rearrangement
REAL estate group Daiwa Securities Living has made adjustments to its portfolio with over JPY12 billion (approximately USD$76.2 million) worth of transactions. Daiwa has bought three residences for JPY6.62 billion,…
Daiwa to tear down and rebuild aging apartment
JAPAN’S Daiwa House REIT has made the call to demolish a defective aging apartment building in Tokyo and rebuild a new complex. The REIT will demolish Castalia Kamiikedai, a four-storey…
UEM Sunrise exits Johor project
MALAYSIAN property developer UEM Sunrise is selling its 40% interest in a joint venture to partner KLK Land for MYR386.20 million (approximately USD$82 million), as part of its strategy to…
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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