Sunac sells 40 projects across China for RMB3.2bn
FOLLOWING its plans to raise HK$2.1 billion, Tianjin-based property developer Sunac China has exited 40 development projects due to ongoing challenges in the mainland property market, for RMB3.2 billion (approximately…
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Central Taiwan industrial site fetches USD120m
A DEVELOPMENT land on the western side of central Taiwan has sold to a local conglomerate for approximately USD$ 120 million. Taiwan conglomerate Jean Co Ltd which has interests in…
Chinese developers book higher mid-year sales
PROPERTY developers across Mainland China reported a bounce back in sales in June but they still finished the first half of 2024 on a weaker note. Latest data released by…
Global Oriental pulls the plug on multi-billion ringgit project
GLOBAL Oriental has exited its multi-billion ringgit project in the Genting Highlands after selling the land to Malton's property developer arm Pembinaan Gapadu Sdn Bhd (PGSB) for MYR 65 million.…
Singapore prime residential resilient despite challenges
PRIME residential sales in Singapore picked up in the first six months of 2024 despite challenges. According to Knight Frank, luxury non-landed home sales totalled S$736.7 million in the first…
Asia Property Journal Deal Watch
ASIA Property Journal’s weekly comprehensive wrap of property sales and leasing transactions across Asia. Agricultural Sungai Raya, Malaysia Unisem has purchased 38 plots of vacant land located in Sungai…
Seized Kowloon office tower put up for sale
RECEIVERS have put the One HarbourGate East Tower in Kowloon, Hong Kong on the market after seizing the asset from tycoon Chen Kongtian last year. Savills Greater China CEO Raymond…
Mah Sing acquires MYR 1bn Kuala Lumpur development
MALAYSIAN property developer Mah Sing has acquired a prized development site in Kuala Lumpur, with plans for develop a MYR 1.01 billion residential project. Mah Sing purchased the 6.169 acres…
Large deals invigorate Singapore CRE market
COMMERCIAL property transactions in Singapore rose strongly in Q2 2024, underpinned by big headline transactions. At the same time, Singaporean group lift their offshore spending, with SGD$ 3.7 billion in…
Tremendous potential in nascent Asia Pacific data centres sector
WHILST cloud computing was the primary driver for data centre demand, generative AI is now underpinned explosive growth for digital infrastructure, and global institutional investors are taking notice, with 97%…
HSBC Guangzhou office take sustainability to next level
SWIRE Properties’ Taikoo Hui, Guangzhou (Tower 2) – HSBC Office has received another two awards for Leadership in Energy and Environmental Design (LEED) from the US Green Building Council (USGBC),…
Farrer Park offers triple treat
THREE adjoining corner freehold shophouses within Singapore’s Farrer Park district is for sale and expected to fetch around SGD$ 19 million. The conserved shophouses located at 3 Roberts Lane have…
Strata office at Clarke Quay Central up for grabs
FOUR office units within the Clarke Quay Central commercial building in Singapore are up for sale with a guide price of $3,500 psf. Located on level 20 will be sold…
Sold out in 2 days, buyers rush to Davao apartments
PHILIPPINES property developer Cebu Landmasters will soon expand to Luzon after selling out its second horizontal project in Davao in just two days. CLI’s sold out Velmiro Heights Davao project…
Ichigo bolster portfolio with acquisition of Tosho Tokai REIT
JAPANESE sustainable infrastructure company Ichigo has taken over Tosho Tokai REIT and its asset management arm for JPY 10.10 billion. Tosho Tokai REIT owns 24 high-quality residential assets in Aichi…
FPG achieves JPY 200bn in sales
REAL estate fractional ownership investment company Financial Partners Group Co’s Domestic Real Estate Fund Business has exceeded JPY 200 billion sales. The Domestic Real Estate Fund Business allows investors to…
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