SNC Former sells warehouse for a cool THB1 billion
AIR conditioner parts maker SNC Former has sold a warehouse and office in the Rayong Province in Thailand for THB1 billion (approximately US$29.42 million). The property was acquired by Montri…
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Hot Japan hotel market book over USD500m in transactions
INVESTORS continue pour into Japan’s hotel market. This week the world’s third most popular tourism destination reported over JPY87 billion (approximately USD$550 million) worth of hotels changing hands. The largest…
Global investor and Kenedix move in together for “Kolet”
REAL estate asset manager Kenedix has established a new fund with an undisclosed global institutional investor targeting Japan’s single-family rental properties with an investment of JPY40 billion (approximately USD$250 million).…
Asia Pacific tourism on road to full recovery
RECOVERY in international tourism in the Asia Pacific region will continue this year. Credit ratings agency Fitch has forecasts visitation to reach 92% of the 2019 level, with nominal international…
ESR drives expansion in China logistics
PAN Asia industrial player ESR is looking to raise RMB2.438 billion (approximately USD$336 million) for a new logistics real estate investment trust (REIT) in China. ESR has secured approval from…
Singapore office rents growth slow as occupiers put their foot down
OFFICE tenants have begun resisting higher asking rents in Singapore and exploring alternative arrangements which has resulted in Prime Grade rental growth slowing in the Q2 2024. According to Knight…
Reprieve for Shenzhen developer owing $12bn
SHENZHEN-based property developer Kaisa Group has been granted an extension by the Hong Kong High Court to finalise a debt restructure plan after it defaulted on $12 billion loan payments.…
Market gives Midea spin off a thumbs up
CHINESE developer Midea Real Estate Holdings received positive reaction from the market about its proposed plans to spin off the property development business. The company’s stock price jumped by 70%…
Paragon sells The Rail Mall for SGD$78.5m
RETAIL property investor Paragon REIT has sold Singapore’s prominent retail strip, The Rail Mall, for SGD$78.5 million. Located along Upper Bukit Timah Road, adjacent to iconic Rail Corridor nature trail,…
Innovative solutions floated to meet data centre hunger
DEVELOPERS are thinking outside the square to meet the insatiable appetite for data centres by dipping their toes in aquatic-based facilities, after Tokyo, Singapore and Jakarta overtook London as the…
Improving fundamentals support Taiwan CRE
DESPITE ongoing geopolitical risks, improving fundamentals and solid GDP growth will position Taiwan’s real estate sector for growth this year. According to the Directorate General of Budget, Taiwan’s GDP is…
Asia Property Journal Deal Watch
ASIA Property Journal’s weekly comprehensive wrap of property sales and leasing transactions across Asia. Industrial Johor Bahru, Malaysia 5E Resources has bought a leasehold industrial land in Johor Bahru,…
ESR boosts presence in India
REAL estate manager ESR has strengthened its position in India after acquiring a 27-acre land (110,000 sqm) in Oragadam, an industrial suburb of Chennai, the capital of the state of…
Savills to manage Ha Noi estate
SAVILLS Vietnam has signed a property management agreement with Vinapol to manage the Orange Garden in Hoai Duc, Hanoi. Orange Garden covers 54.6 hectares and comprises 693 detached and semi-detached…
Luxury Hong Kong home expected to fetch HKD$80m
A RARE and luxurious detached house in Hong Kong’s New Territories is on the market with an indicative price of HKD$80 million (approximately USD$10.2 million). Savills has been appointed as…
Kumamoto government looking to become semiconductor hub
THE race is on across Asia to attract the lucrative semiconductor manufacturing sector, with the Kumamoto Prefectural Government unveiling its wish to support Japan’s largest hub on the Kyushu Island.…
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