HIGHER interest rates and homebuyers no longer experiencing FOMO have seen property developer’s sales fall further in May. According to Knight Frank, there were 221 new sales (excluding executive condominiums…
SINGAPORE’S workers and student accommodation developer Centurion Corporation has turned its focus to China’s build-to-rent market with a new venture to deliver 1,500 apartments in Xiamen. Centurion has entered into…
REAL asset manager CapitaLand Investment plans to more than double its funds under management in India, which is on track to become the world’s third-largest economy in the next five…
HONG Kong-headquartered property developer Far East Consortium is expanding in Singapore with the acquisition of a Changi hotel. FEC and Dorsett Hospitality International have made a strategic investment to redevelop…
KOREA’s financial investment company Daishin Securities has cancelled the sale of its headquarters in Seoul because the buyer could not secure investors to fund the KRW600 billion (approximately US$497 million)…
SINGAPORE’S Digital Core REIT has exercised its option to acquire additional interest in data centre in Germany. The REIT has the option to acquire an interest of between 0.2% and…
ESR has completed the first phase of its flagship data centre project, ESR Cosmosquare OS1 Data Centre in Nanko Kita, Osaka. Cosmosquare OS1 is the first hyperscale data centre asset…
MALAYSIAN builder Binastra Corporation has been awarded a MYR574.40 million (approximately US$132 million) contract to deliver a data centre in Kuala Lumpur. Property developer Exsim Jalil Link awarded the construction…
ASIA Property Journal’s weekly comprehensive wrap of property sales and leasing transactions across Asia. Industrial Johor Bahru, Malaysia Property developer Greenhill SILC has sold a freehold industrial land in…
STAR Asia has selected Polaris to manage its newly acquired hotel in Kyoto. The property will be operated by Polaris’ Fino Hotels company, and under the “KOKO HOTEL Residence” brand.…
THE CapitaLand Integrated Commercial Trust (CICT) has bought a 50% interest in Singapore's premium mall, ION Orchard, from its backer CapitaLand Investment for S$1.85 billion. The purchase price is within…
REAL estate developer Yuexiu Property has repossessed a major land parcel in Guangzhou to recover RMB5 billion (approximately US$700 million) it was owed. Yuexiu Property has reached an agreement with…
DEBT distressed Korean builder Taeyoung Engineering & Construction Co has sold its headquarters in Seoul to shore up its books. The property was purchased by TY First Corporate Restructuring Real…
HOSPITALITY real estate investment firm Trio Capital has launched expanded into Thailand with the acquisition of the Hilton Garden Inn Phuket Bang Tao. The acquisition is the company's first investment…
A REAL estate joint venture has sold a Tokyo office to a Taiwanese conglomerate for JPY14 billion (approximately US$96 million). The partnership between real estate company Tokyo Tatemono and property…
REGION specific real estate investment trust Fukuoka REIT is running hot in the late stages of summer, buying and selling over JPY19 billion (approximately US$130 million) worth of assets. The…
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