Marimo REIT goes on shopping spree
DIVERSIFIED real estate investment trust Marimo Regional Revitalization REIT has gone on a spending spree, acquiring four assets for a combined JPY9.1 billion (approximately US$63.26 million). In two separate transactions,…
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CapitaLand capitalising on growing accommodation demand in APAC
SINGAPORE-headquartered global real estate manager CapitaLand has launched a second lodging fund, with a target equity size of US$600 million (approximately A$924 million), to take advantage of growing institutional investors'…
Plenty of room in the Japanese Inn
JAPAN’S declining population has already begun to wreak havoc on the island nation’s property market. Currently, Japan’s population sits at just under 127 million people - down more than half…
Mapletree branches out further in Malaysia and Vietnam
THE SGD$13.3 billion Mapletree Logistics Trust continues to target Malaysia and Vietnam which are benefitting from a structural shift and global supply chain diversification reshaped by the pandemic and ongoing…
Singapore luxury residential market cooling
AN ongoing crackdown on money laundering and buyers baulking at high asking prices has seen luxury residential sales plunge in Singapore. At the same time, Lion City residents are buying…
Daiwa House buys Tokyo logistics at 18pc discount
SINGAPORE Exchange-listed Daiwa House Logistics Trust has completed the acquisition of a freehold property in Greater Tokyo for JPY2,640.0 million (S$24.1 million) at an attractive 18.1% discount to independent valuation.…
Large scale aggregation set to attract pastoralists
AROUND $40 million is expected for a large-scale, sheep and goat enterprise spanning 80,887 hectares along the border of Queensland and NSW. The Talbalba aggregation, near Cunnamulla, includes four holdings…
Sink or swim? apartments facing major feasibility and reputable builder hurdles
THE apartment market in 2024 will continue to be defined by the widening gap between demand and supply with projects that will deliver the much needed stock facing feasibility hurdles,…
Retail landlords face leasing uncertainty in the year ahead
IN a sign of further volatility for retail leasing, the cost-of-living pressures that are forcing people to eat out and order takeaway less are translating into lower turnover and putting…
Fly-in fly-out, Singaporean makes $40m booking in Perth hotel
SINGAPORE Exchange-listed Hiap Hoe has finalised its $40 million acquisition of an inner Perth hotel, which services fly-in fly-out workers in Western Australia's booming mining sector. Located at 81 Great…
Gurner plans $800m luxe tower on famed boulevard
PROLIFIC developer Tim Gurner has lobbed $800 million plans for a luxury apartment tower on Melbourne’s St Kilda Road, designed by the architects that drew up One World Trade Center…
Kuok group snares Singapore Mall
ALLGREEN Properties has made a further play into retail market by purchasing the Seletar Mall in Singapore's northern neighbourhood area for USD $412 million. Allgreen, owned by billionaire developer Robert…
China’s second largest developer in talks for bailout
CHINA'S state-owned banks are reportedly making moves to bail out the country's second-biggest property developer China Vanke after Moody’s downgraded its credit rating to “junk”, as the country’s real estate…
Troubled Chinese property companies face strict consequences
THE official voice of the Central Committee of the Chinese Communist Party (CCP) has told troubled property companies to get out of the way and stop impacting the health of China’s…
Hong Kong residential set for further falls in 2024
HONG KONG residential property prices are set to be smashed by more than 10% in 2024, according to Savills. Savills Global Residential Director Jelena Cvjetkovic said the World Cities 20sav24…
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