Sino-Ocean unlocks liquidity with sale of Beijing project
PROPERTY investment company and developer Sino-Ocean has sold its interest in a Beijing project for RMB3.875 billion (approximately USD$534 million) after acknowledging the difficulties in obtaining finance due to the…
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Embassy REIT gets a foothold in Chennai
ASIA’S largest office REIT, Embassy REIT, has completed acquisition of the Embassy Splendid TechZone a Grade-A business park in Chennai, capital of Tamil Nadu state, in southern India. The ₹1,185…
HKL divests Tokyo capsule hotel
HONG Kong property developer and investment group Hon Kwok Land has sold a capsule hotel in Japan’s capital of Tokyo for approximately JPY1,872.5 million (approximately HK$93.6 million). The property was…
Singapore receives major boost with $775m sale
IN a big shot in the arm for the local commercial real estate market, the Mapletree Pan Asia Commercial Trust has sold a premium office building in Singapore, the Mapletree…
CDL wins tender to buy Delfi Orchard for S$439m
DEVELOPER City Developments Limited (CDL) has been awarded the tender to buy the Delfi Orchard, a commercial building within a stone’s throw of Singapore’s most prestigious residential neighbourhoods for S$439…
Sekisui buys in Seattle
JAPAN'S Sekisui House REIT has bought a $USD328 million residential tower in Seattle in the United States. Two special purpose companies invested in by Sekisui House REIT acquired The Ivey on…
SG’s Mapletree net loss S$577.2m
SINGAPORE'S Mapletree Investments reported a net loss of S$577.2 million ($427.7 million) for its fiscal year to the end of March, reversing a year-earlier net profit of S$1.1 billion, as…
Singapore’s Hiap Hoe check-in at Perth’s Riverdale
TWO Perth hotels have changed hands, with the Great Eastern Motor Lodge selling for $40 million to Singapore's Hiap Hoe Limited, while a first-time investor spent $17 million on Flag…
Supply chain shifts drive manufacturing to Southeast Asia and India
OVER the next decade will accelerate shifting supply chains whereby manufacturing and production locations will diversify to multiple locations across Southeast Asia and India, according to a JLL report. The…
Asia Pacific prime rents continue free fall
PRIME office rents in the Asia Pacific region fell again for the seventh consecutive quarter, led by Jakarta. However, Manila, Ho Chi Minh City, Brisbane and Auckland bucked the trend.…
Japanese owner mulls USD$750m Manila casino resort float
JAPAN’S Universal Entertainment Corp is reviving its plans to list its mega casino and resort complex, Okada Manila in the Philippines capital, to free up cash after its rating was…
Navanaami plans twin skyscrapers in the City of Pearls
PROPERTY developer Navanaami Projects Private Ltd has drawn back the curtains on its crowning jewel project, Megaleio, in Hyderabad, the City of Pearls in India. The RERA-approved project (PO2400007676), Megaleio…
Foreign property investors return to Phuket
PREMIER leisure destination Phuket is witnessing a resurgence, attracting affluent overseas property buyer as Thailand’s largest island is expecting a tourism boom with revenue set to hit 400 billion baht…
DWS senior Asia Pacific appointment
DWS has announced that Matthias Naumann has been appointed to the position as Chief Investment Officer (CIO) Real Estate for Asia Pacific based in Sydney relocating from DWS’ Frankfurt headquarters. …
Korean VC shows confidence in Asia long-stay sector
SOUTH Korea’s largest venture capital, the USD$3.2 billion Korean Investment Partners (KIP) has thrown its support behind LiveIn, long-stay rental homes provider, looking to capitalise on the 60 million young…
Megawork unveils estate and golf course in Lian Batangas
THE Philippines leading township developer Megaworld is planning to develop a 150-hectare beachside property in Lian town, Batangas into a residential village estate with an 18-hole golf course. Through its…
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