Thai tourism recovery to drive commercial property in 2024
THAILAND'S ongoing tourism recovery is set to drive the country's commercial real estate sector in 2024, according to JLL Thailand. According to JLL, Thailand’s real estate market will demonstrate resilience…
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Poly settles Macau dispute with HK$3.95bn deal
IN significant exit from its Macau investment, HONG Kong-based developer Poly Property has ended a long-running legal dispute with business partners by selling its stake in a Macau property development…
Mitsui OSK shows confidence in SE Asia and India
JAPAN’S Mitsui O.S.K. Lines has injected S$261 million into a new partnership with CapitaLand Investment Limited, to support CLI’s push into Thailand and India’s burgeoning property sectors. With this capital…
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…
Equinix says Sawadee to Thailand
GLOBAL data centre giant Equinix will invest $500 million to expand its digital infrastructure platform in Thailand, keen to capitalise on the kingdom’s accelerating cloud adoption, the rise of e-commerce,…
Empyrion Digital makes a move into Taiwan
SINGAPORE-headquartered digital infrastructure platform Empyrion Digital has launched into Taiwan with a new data centre in Taipei. The company plans to develop a state-of-the-art 7MW edge co-location data centre, named…
Chinachem makes HK$1bn winning bid for Sha Tin
HONG Kong’s real estate market has received a much needed boost with Chinachem paying a premium HK$1.021 billion (approximately US$128 million) for a site in Sha Tin, one of the…
Tokyo hotel sale falls over due to finance hurdles
IN a recent turn of events, the sale of a hotel property in Tokyo’s bustling Asakusa district has been abandoned because the buyer could not secure finance for the purchase.…
Singapore office tenants remain cautious
LEASING activity in Singapore’s office market remains slow as tenants, particularly the large multinationals, continue to tighten their purse strings in a bid to save costs. The vacancy rate for…
Primex pulls the plug on Pullman Manila debut
ACCOR Group’s expansion in the Philippines has suffered a major setback after it walked away from debuting its Pullman brand in Manila following disagreements with the developer Primex Realty. Primex…
Prestige Group expands in Bengaluru
ONE of India’s largest property developers Prestige Group continues to expand in Bengaluru, acquiring a site for ₹462 crore (approximately US$55 million). Prestige Group has acquired 17.45 acres of prime…
Keppel powers ahead for AI-ready data centre
THE private fund, Keppel Data Centre Fund II, has pushed forward with Mitsui Fudosan to purchase an AI-ready data centre in Tokyo, which is specifically positioned to meet the needs…
Hongkong Land to unlock US$10bn in residential exit
PROPERTY developer Hongkong Land has unveiled a bold shift in strategy to exit the build-to-sell residential across Asia to unlock up to US$10 billion of capital, in the most consequential…
Hong Kong property bounces back strongly
GREEN shoots are emerging in Hong Kong’s property market following a sharp recovery in October with sales surging by 52.4% in October. According to the Land Registry, a total of…
India regulator orders boss of largest REIT to step down
INDIA’S property market has been shocked by the market regulator ordering Aravind Maiya, the chief executive officer of Embassy Office Parks (Embassy REIT), the country’s largest REIT, to step down…
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