GLOBAL hotelier InterContinental Hotels Group (IHG) is expanding the Kimpton brand in China after signing a deal with developer Hang Lung Group, to open a hotel in Shanghai. Hang Lung’s…
KNIGHT Frank and Savills have been appointed to sell Menara Citibank in the heart of Kuala Lumpur’s business district. Savills head of Capital Markets Malaysia, Nabeel Hussain said 50 level Menara Citibank occupies…
OWNERS and creditors of distressed properties likely to boost Singapore’s auction market, according to Knight Frank. Auction listings fell 9.1% q-o-q to 90 listings, including repeat listings and excluding properties sold outside…
JLL report that the Asia Pacific was the only region globally to see growth in commercial real estate investment in Q1 2024, with investment volumes reaching US$30.5 billion. According to…
THE Tokyo Metropolitan Government has announced a 900 billion yen (USD$5.8 Billion) redevelopment plan for the old Tsukiji Fish Market site in Tokyo. Mitsui Fudosan and the Yomiuri Shimbun Group have been…
KOREA'S Hanwha Asset Management has sold its office tower in Seoul’s Gangnam business district for $USD242 million. According to Colliers International, Seoul remains amongst Asia’s regional hotspots for commercial property…
A FEDERAL appeals court will this week hear an to block a controversial Florida law signed last year that restricts Chinese citizens from buying real estate in much of the…
SENTIMENT in the manufacturing sector has turned a corner and this will in turn contribute to the continued resilience of industrial real estate. Advanced estimates by the Ministry of Trade…
GUANGZHOU-based developer R&F Properties avoided default on a £800 million project loan for its One Nine Elms development in southwest London by selling its $1.3 billion UK condo and hotel…
PRIVATE equity giant Blackstone has finalised the sale of its major Korean office asset in Seoul, Arc Place, to local fund manager Koramco for $USD588 million. In a statement, Blackstone attributed…
THE global economy is grappling with the dual challenges of recovering from inflationary pressures and navigating the persistent influence of elevated interest rates and geopolitical conflicts. These factors have collectively…
THE real estate arm of East Japan Railway has bought the Shibuya Prime Plaza office building for in excess of 25 billion yen - around $USD165 million - Germany’s Union…
A MERE 4% of the hotels in Japan’s major cities have rooms that can accommodate three or more guests. Research has found around half of the foreign travellers visiting Japan…
LEADING real estate consultancy JLL projects Environmental, Social, and Governance (ESG) trends in 2024 will underscore the escalating desire for sustainable office buildings and the crucial role of building performance…
OVERALL the Hong Kong office market remains flat despite an increase in luxury brand office leasing. JLL's latest Hong Kong Property Market Monitor found luxury brands have benefited from the return…
HOMEBUYERS have more choices now than they did in the property boom during the pandemic, and the variety of options has led to longer decision-making before purchase. Nevertheless, demand remains…
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