DHL deal delivers growth for CapitaLand Ascendas
SINGAPORE Exchange-listed CapitaLand Ascendas REIT has bolstered its portfolio with the acquisition of a prime logistics asset from DHL for S$150.3 million (US$115.8 million) on a strong yield of 7.6%,…
Just for You
Recent News
Sign of the times, developers stop bidding on Singapore sites
SINGAPORE’S real estate market continues to cool. Property developers did not launch any new projects last month and a major development site offering did not receive a single bid. According…
Foxconn sells Guangdong facility to focus on Vietnam
TAIWANESE multinational and one of Apple’s largest suppliers, Foxconn, has divested an industrial property in Guangdong for RMB 428 million (approximately USD$ 59 million) whilst investing over USD$ 1 billion…
China industrial landlords sacrificing rent growth to keep nervous tenants
CAUTIOUS industrial and logistics tenants in China are choosing not to renew leases ahead of expiries, prompting landlords to change their priorities from rental growth to incentivising tenants to stay…
HK peak residential sells for USD$141m after 50pc discount
A PRIME residential property located in the prestigious Peak district of Hong Kong has sold for HKD$ 1.1 billion (approximately USD$ 140.94 million) after revising the price down by 50%.…
Keppel DC REIT launches into Japan
SINGAPORE’S Keppel DC REIT has expanded into Japan with the acquisition of a Tokyo data centre for JPY 23.4 billion (SGD$ 201.0 million). The sale price is a 2.5% discount…
Tokyu REIT snaps up Tokyu Bancho for JPY 14.7bn
TOKYU REIT has increased its exposure to the office market by acquiring the remaining the remaining interest in the Tokyu Bancho Building for JPY 14.7 billion (approximately USD$ 92.6 million),…
Comforia Residential grows portfolio
TOKYO apartments owner Comforia Residential REIT has acquired a portfolio of five residential and student housing for JPY 9.76 billion (approximately USD$ 61.63 million) whilst at the same time divesting…
Strong migration set to boost rents in Tokyo
OVER 65,000 people moved within the Tokyo 23 wards this spring, which is good news for landlords. According to Savills latest residential leasing report, following the strong rental growth in…
Asia Property Journal Deal Watch
ASIA Property Journal’s weekly comprehensive wrap of property sales and leasing transactions across Asia. Development land Negeri Sembilan, Malaysia Chinese medical products supplier Shenzen Antmed has bought a development…
Frasers Hospitality renews hotel agreement
THE Frasers Hospitality Real Estate Investment Trust has extended the ANA Crowne Plaza Kobe contract. Located in Japan’s seventh largest city, the 37-storey hotel is managed by IHG and has…
CLI sustainability-linked panda bond raises RMB 1bn
CAPITALAND Investment raised RMB 1 billion (approximately SGD$ 186 million) from the second tranche of its inaugural sustainability-linked panda bond. The second and final tranche issued attracted strong interest from…
Hanwha pays USD 584m for Seoul office
KOREAN asset manager Hanwha Asset Management has acquired a Seoul office building for KRW 808 billion won (approximately USD$ 584 million), setting a new record as the largest office sale…
Indochina Kajima gets green light for Mandarin Oriental in Vietnam
PROPERTY developer Indochina Kajima has received approval from the Department of Construction - the People's Committee of Phu Yen Province to go ahead with its ultra-luxury Mandarin Oriental project in…
Thai tax changes set to benefit Bonded and free-zone warehouses
THAILAND’S value-added tax (VAT) changes are expected to impact the industrial and logistics property market by highlighting the advantages of bonded and free-zone warehouses, according to JLL. As of May…
Tseung Kwan O retail and car park sells for HKD$ 540m
STATE-owned China Resources Longdation Company has purchased the retail podium and car park of Alto Residences in one of Hong Kong’s nine new towns for HKD$ 540 million. The purchaser…
Mini Games
Wordle
Guess words from 4 to 11 letters and create your own puzzles.
Letter Boxed
Create words using letters around the square.
Magic Tiles
Match elements and keep your chain going.
Chess Reply
Play Historic chess games.