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…
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Asia Pacific Power shortages impact data centres, CBRE
POWER shortages across the Asia Pacific is driving rent increases in the emerging data centre market, according to a report by leading agent CBRE. CBRE says in recent years, the…
Wing Tai wins River Valley with SGD $464m bid
REAL estate developer and lifestyle retailer Wing Tai Holdings has been awarded a 99-year leasehold prime residential site in River Valley by the Singapore government’s planning body, the Urban Redevelopment…
New stores surge as Filipinos enjoy retail therapy
FILIPINOS love for shopping is driving retail property the Philippines, with demand for more stores and expansions of existing malls. Latest data shows the Philippine economy expanded by 5.7% in…
Philippines govt relocates NBI to Pasay City
THE Philippines’ National Bureau of Investigation (NBI) has decided to move its main office to Pasay City following a rigorous bidding process. The NBI will occupy nine floors with a…
Hongkong Land shows confidence in luxury retail
PROPERTY developer and investment company Hongkong Land and luxury retail brands Cartier, CHANEL, Dior, Hermès, Louis Vuitton, Prada, Saint Laurent, Sotheby's, Tiffany & Co., and Van Cleef & Arpels will…
HKMU buys hotel to meet with student demand
IN a bid to meet growing demands from students, the Hong Kong Metropolitan University (HKMU) has bought a brand-new hotel in Hung Hom which it intends to repurpose for student…
Hines drive growth in Singapore logistics
HOUSTON-based global investment firm Hines has joined forces with Japanese institutional partners for the first time to further drive its growth in Singapore’s logistics market. Hines has partnered with Mitsubishi…
Asia Property Journal Deal Watch
ASIA Property Journal’s weekly comprehensive wrap of property sales and leasing transactions across Asia. Industrial Penang, Malaysia Singapore’s UMS Holdings has acquired a 5.38 acres leasehold industrial land in…
Johor vies for greater slice of data centre pie
MALAYSIAN developer UEM Sunrise Berhad has joined forces with LOGOS to developing a data centre campus in Johor Bahru, as Malaysia seeks to capitalise on the increasing demand for digital…
Mindspace Business Parks REIT secures green financing
INDIA’S green revolution continues with commercial real estate investment trust Mindspace Business Parks REIT securing INR 6.5 billion in its latest round of funding. The transaction also attracted a new…
Keppel REIT creates Green Financing Framework to support sustainability
THE Keppel REIT has established a Green Financing Framework to support its environmental, social and governance (ESG) targets and commitments. The Framework was developed in alignment with the four core…
Nippon REIT double sale fetches JPY 3.8bn
THE Nippon REIT has sold two assets in Tokyo and Osaka for a combined JPY 3.885 billion. Keio Corporation has acquired an office, the Nihombashi Playa Building in Tokyo for…
Alibaba Cloud closes India data centre
ALIBABA Cloud will close its data centres in Mumbai, India by the end of the month. The two centres were opened in 2016 and the company has recommended customers migrate…
Asia Pacific Hotel market changes to meet new demands, CBRE
LEADING real estate agent CBRE, reports that with the Asia Pacific hotel market continuing to undergo structural change, hotel owners and operators are fine-tuning operational and branding strategies. CBRE found…
Hongkong Land shows confidence in Chengdu retail
DIVERSIFIED property developer Hongkong Land has launched its first wholly-owned commercial property in China’s fourth most populous city of Chengdu. The Ring, Chengdu is also the second “The Ring” series…
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