IHG brings luxury Kimpton hotel to Shanghai

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…

By Edward McDonnell 3 Min Read

Just for You

Recent News

Knight Frank & Savills appointed to sell Malaysian landmark

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…

By Nelson Yap 1 Min Read

Singapore auction market set to take off

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…

By Edward McDonnell 9 Min Read

Asia Pacific commercial sees 13% jump

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…

By Edward McDonnell 4 Min Read

Old Tokyo fish market set for $USD5.8 billion redevelopment

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…

By Nelson Yap 1 Min Read

Gangnam style for $USD242m

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…

By Nelson Yap 3 Min Read

Florida ban on Chinese buyers goes to Federal Appeal

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…

By Edward McDonnell 2 Min Read

Singapore industrial steady as she goes: Knight Frank

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…

By Norishikin Khalik 8 Min Read

Chinese developer avoids default – just

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…

By Edward McDonnell 2 Min Read

Blackstone sells Korean office for $USD588m

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…

By Nelson Yap 2 Min Read

Indian Real Estate: Navigating the Mileage of Growth and Adaptability

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…

By By Shishir Baijal 8 Min Read

German fund sells Tokyo office investments for $USD295m

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…

By Edward McDonnell 3 Min Read

Japan’s small hotel rooms a mismatch

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…

By Edward McDonnell 3 Min Read

JLL increases push for ESG in Thailand

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…

By Nelson Yap 7 Min Read

HK offices remain flat

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…

By Edward McDonnell 3 Min Read

Singaporeans spoilt for choice, Knight Frank

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…

By By Nicholas Keong 7 Min Read
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