Singapore investors attracted to UK student housing
FAR East Orchard has established its first private fund in Singapore – FE UK Student Accommodation Development Fund, to invest in purpose-built student accommodation (PBSA) in the United Kingdom. The…
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Tokyo luxury property rents rise, Singapore decline
DESPITE healthy economic growth and its status as Asia’s financial capital, Singapore’s luxury residential property rents have slumped whilst Japan’s capital city continues to perform. According to Knight Frank’s latest…
Philippines on course to become economic powerhouse
PHILIPPINES economy will triple in size over the decade to become a major economic titan like China, Japan, India, and South Korea, according to Department of Finance (DOF) Secretary Ralph Recto.…
Japanese department store Isetan expands in Bangkok
JAPAN'S largest department store group Isetan Mitsukoshi is expanding its brand in Bangkok, taking advantage of the growing popularity of Japanese culture in Thailand. Isetan has formed a strategic partnership…
US manufacturer rewires supply chain with Malaysian facility
UNITED States Illinois-based electrical and network infrastructure manufacturer Panduit is fortifying its supply chain by opening a new plant in Johor Bahru, Malaysia. Spanning 25,083 square metres, the facility is…
China’s property rescue plan to stabilise market
ALTHOUGH China’s new property rescue plan is expected to stabilise market the financial position of construction projects, uncertainty remains on the demand side, according to analysts. Beijing new policy includes…
Rockefeller sells in Shanghai
NEW York based Rockefeller Group has sold a pair of office buildings on Shanghai’s Bund waterfront to insurance group ZhongAn Online P&C Insurance for RMB 1.44 billion ($USD198.5 million). ZhongAn Online…
Korean hotels a top performer, CBRE report
ROBUST domestic and international demand have cemented Korea’s status as one of the top performing hotel markets in Asia Pacific over the past two years, according to CBRE’s Asia Pacific…
Knight Frank SG to auction prized property
KNIGHT Frank Singapore is auctioning a freehold Good Class Bungalow (GCB) land plot in the upmarket neighbourhood of District 10 on May 30 at One Raffles Quay. Situated in an…
TPG Angelo raises $USD8 billion on back of Westin Yokohama buy
NEW YORK based investment group TPG Angelo Gordon has bought majority shareholding in Westin Yokohama for around 11.5 billion yen $USD70 million. TPG Angelo Gordon acquired a 95% quasi co-ownership…
Philippines office market resilient says Colliers
THE Metro Manila office vacancy continued to avert the 20% level vacancy amid new supply and space surrenders from non renewals and rightsizing of notable occupiers, according to the latest…
Vietnam prestige property market coming of age
VIETNAM’s emergence as one of the fastest-growing luxury real estate markets in the world has attracted Christie’s International Real Estate, the first global luxury real estate brand to enter the…
Megaworld the sustainability leader in the Philippines
PHILIPPINES property giant Megaworld is leading the way for sustainability in the country after achieving carbon neutrality across its office and mall developments. The portfolio covers 52 developments across the…
SG govt raises $805m from prime land parcel
THE Singaporean Government’s Urban Redevelopment Authority has awarded a 99-year lease of a major development land parcel to a consortium of the biggest names in real estate for $805.39 million.…
OUE Healthcare unlocks value in Kuala Lumpur
PAN-Asian healthcare conglomerate OUE Healthcare has sold a vacant land in the Malaysian capital for RM125.0 million. The property title No. Pajakan Negeri 46289, Lot 84 Seksyen 63, Town is…
Mapletree sells Singapore warehouse for $10.5m
THE Mapletree Logistics Trust has sold a small warehouse investment in Singapore for S$10.5 million. JTC Corporation has bought the 30 Tuas South Avenue 8 property, which is subject to…
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