Paragon REIT offload Australian shopping mall
SOME $2 billion in shopping mall deals is beginning to drop in the lead-in to Christmas, with Singapore-listed Paragon REIT and MA Financial offloading dominant Wollongong sub-regional Figtree Grove Shopping…
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Asia-Pacific double value of offshoring, Knight Frank
DESPITE a challenging business environment, the Asia-Pacific offshoring market is forecast to more than double to USD$185.1 billion by 2032, according to Knight Frank. Growth is expected to drive an additional…
15 year high for Singapore Rents, JLL
SINGAPORE'S office rents have staged a remarkable performance in the first quarter of 2024 with rents resuming their upward climb, according to research by JLL. Singapore office leasing briefly slowed…
Blackstone sells Seoul asset for $USD587.8 million
NEW YORK listed private equity group Blackstone (NYSE:BX) has sold Arc Place office investment in Seoul, South Korea for $US587.8 million (KRW791,669,725,000). Blackstone is the world's largest alternative asset manager was advised…
Singapore’s Keppel buys Sydney office tower for a discount
SINGAPORE-listed diversified property trust Keppel REIT has strengthened its relationship with Mirvac further with the acquisition of a 50% stake in 255 George Street in Sydney’s CBD for $363.8 million…
Cautious optimism for Singapore offices, Knight Frank Singapore
FIRST quarter figures for prime office space in Singapore provides cautious optimism for the market going forward, according to Knight Frank Singapore. In its first prime office report for 2024,…
Indonesian property sales boost insurance sector
PROPERTY insurance in Indonesia is expected to account for 37.2% of general insurance in Indonesia GWP in 2024. It is also expected to grow by 19.9% in 2024, supported by…
Marcos Philippines government can no longer ignore social housing issue
By Asia Editor, Edward McDonnell COMMENT IT’S TIME the Philippines government took a serious look at its social housing situation; or should I say lack of social housing. Thousands of…
Cebu sought after by international firms
COLLIERS Philippines has observed that outside of Metro Manila, Cebu remains the top choice for outsourcing firms and multinational companies. Cebu led in terms of provincial office space take-up in…
Sekisui House sell-off reaps USD$835 million
EXCLUSIVE: GARDEN City Shinagawa Gotenyama has been sold off for 61 billion yen (USD$403 million) at a discount price -- it was valued late last year at 88 billion (USD$581 million).…
China’s second largest developer ratings downgraded… again
CHINESE homebuilder China Vanke has had its rating downgraded by credit agency Fitch, a week after it emerged that the country’s second largest property developer is looking for a bail-out.…
Launching Asia Property Journal
Today we launch the landmark Asia Property Journal! JUST OVER 20 years ago, APMP Pty Ltd launched Australian Property Journal (APJ) which became the first online member of the Australian…
HK 10 day boom does not make a summer
IF ten days can be a guide to the future of any property market agents believe property buyers and investors have taken advantage of the ending of the tightening of…
India logistics going from strength to strength
DESPITE global and domestic macro-economic uncertainties, demand for warehousing space in India is expected to remain strong in the year ahead. According to CBRE, activity will be driven by the…
China property prices need to fall by 40% to restore balance
WITH average rental yields of 1.5% across top-tier cities and a glut of unsold housing stock, China’s property market recovery will be slow unless authorities take immediate action. With the…
China sitting on 3 billion sqm of unsold housing
CHINA'S real estate crisis, which has spread to the wider economy and pushed some of the country’s biggest companies to the brink of collapse, has left more than three billion…
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