Philippines developer increases earnings
INTEGRATED property developer SM Prime has reported a 16% growth in net income in the second quarter of 2024. SM Prime reported a net income of PHP 11.6 billion from…
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Oil tycoon OK Lim’s Singaporean home for sale
ANOTHER prestigious property belonging to embattled oil tycoon OK Lim is on the market, and is expected to fetch around SGD$43 million. Knight Frank Singapore is selling the Good Class…
Japan’s Daiwa House sell out of Malaysia joint venture
JAPAN’S largest homebuilder Daiwa House’s Malaysian arm has sold its interest in a property development company to its joint venture partner. Daiwa House Malaysia has sold its 40% stake in…
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…
Robinsons Land sells 11 malls for P33.9bn
REAL estate developer Robinsons Land Corporation (RLC) has sold 11 malls and two offices for PHP33.915 billion (approximately USD$578 million) in one of the largest transactions in the Philippines this…
Mirae offload Seoul office for KRW300bn
SOUTH Korea’s largest investment banking group Mirae Asset Securities is in due diligence to sell its Seoul office building in the capital Seoul to Woori Financial Group. In an announcement…
Unsold apartments in Bangkok reach new high
PROPERTY developers in Bangkok are facing challenges to sell housing units, as unsold inventory in Asia’s 12th most populated city to record highs but Chinese and Japanese nationals remain the…
Singapore developers experiencing a lull
HIGHER interest rates and homebuyers no longer experiencing FOMO have seen property developer’s sales fall further in May. According to Knight Frank, there were 221 new sales (excluding executive condominiums…
Michigan pension fund makes Japan wager
US based fund manager BentallGreenOak fund has secured a USD$100 million for investment into the Japan property market from a Michigan pension fund. State of Michigan Investment Board (SMIB) said…
Heitman maiden acquisition in Osaka
CHICAGO-based global real estate investor Heitman has launched into Osaka with the acquisition of a multifamily apartments portfolio for JPY7 billion yen. The USD$50 billion fund manager has acquired a…
Global power of kawaii, foreign investors falling in love with Japan
JAPAN is not only one of the most popular tourist destinations globally, it is also attracting foreign investors, who now account for 30% of commercial real estate transactions every year,…
Ayala Land buyout partner in Cebu project
PHILIPPINES developer Ayala Land is bolstering its growing presence in the Visayas region after acquiring its joint venture partner’s share in a Cebu development. Ayala Land has entered into a…
Asia Property Journal Deal Watch
ASIA Property Journal’s weekly comprehensive wrap of property sales and leasing transactions across Asia. To feature your transactions, email us at news@asiapropertyjournal.com Industrial, warehouse and logistics Xi’An, China The…
Global ESG regulations driving change in Vietnam
VIETNAM’s industrial real estate sector is proactively adopting sustainable practises to make the country more attractive to offshore companies prioritising Environmental, Social, and Governance (ESG). JLL researchers ThuHa Ngo and…
Sekisui to demolish Tokyo condominium blocking view of Mt. Fuji
IN a surprising move for the property industry, developer Sekisui House has decided to demolish a newly built condominium because it partially blocked the view of the iconic Mt. Fuji…
NWP Property leading sustainability charge in Indonesia
WARBURG Pincus-backed NWP Property has secured a USD$135 million Sustainability-Linked Syndicated Loan Facility, leading the way for Indonesia’s commercial real estate sector to adopt sustainable practices. NWP owns and operates…
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