Marimo REIT expands portfolio with six acquisitions

THE MARIMO Regional Revitalization REIT continues to diversify its portfolio with the acquisition of six properties including a hotel, student housing, retail and logistic facilities on an attractive yield of…

By Nelson Yap 1 Min Read

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Recent News

China relations help Singapore investment

CROSS-border investment in Singapore strengthened significantly in the first quarter of 2024, rising 22.8% above the 10-year average, according to an analysis by Knight Frank’s Asia-Pacific. Knight Frank Asia Pacific…

By Edward McDonnell 2 Min Read

JLL appoints new Korean boss

LEADING international real estate firm JLL (NYSE: JLL) has appointment of Taeho Yi as Country Manager for Korea, from June this year. Yi returns to JLL after a stint with…

By Edward McDonnell 3 Min Read

Japan government yen intervention

THE Bank of Japan has suggested its government may intervene in the currency market. The yen’s recent movements against the  US dollar has seen calls for government action. Since the start of…

By Edward McDonnell 0 Min Read

CapitaLand sells Shanghai Ascott

SINGAPORE developer CapitaLand has sold a serviced apartment property in Shanghai’s Xuhui district to a mainland investor for around RMB 1.35 billion. It is rumoured CapitaLand was seeking RMB 2…

By Edward McDonnell 1 Min Read

Asia Pacific office rents continue to fall

OFFICE rents across the Asia Pacific continue to decline, according to the latest Knight Frank Prime Office Rental Index for the first quarter of 2024. The index registered a 3.2%…

By Edward McDonnell 4 Min Read

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
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