Philippines economy still strong despite slow first quarter
THE Philippines economy showed signs of slowing in the first quarter of 2024, according to Knight Frank, but it's likely to be more of a hiccup rather than a trend. Despite…
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Tin Sin sells Tainan factory
ALUMINIUM alloy products manufacturer Ting Sin has sold a warehouse in Tainan in southern Taiwan for NT$1.6 billion. The property was acquired by Hushang Xingdian Technology for approximately US$50.15 million.…
KGI divests major Keelung development land
INSURANCE company KGI Life has sold a large parcel of land in northern Taiwan for NT$2.55 billion (approximately US$79.92 million). The purchaser was private property developer, Bai Jia Li Construction…
EQT Asia buys PropertyGuru for US$1.1bn
BILLIONAIRE Jean Salata’s EQT Asia has purchased property technology company and real estate portal PropertyGuru for US$1.1 billion. The acquisition will result in the delisting of PropertGuru from the New…
Singapore Land cash in Stamford Court
DIVERSIFIED real estate developer Singapore Land Group has sold Stamford Court in the city state’s civic district for S$132 million, achieving over 20% above the book value. The sale price…
Bank of Chengdu pays $250m for new HQ
AFTER outgrowing its current offices, the Bank of Chengdu (BoCD) has reached an agreement to buy its future headquarters for around US$ 250 million. BoCD will buy the newly built…
Singapore logistics rent outperform
SINGAPORE’S logistics market has emerged as the star performer in Asia, recording annual rental growth of 10.8%, its best result in 10 years. According to the Knight Frank Asia-Pacific Logistics…
ASE charges into Kaohsiung
ADVANCED Semiconductor Engineering (ASE), the world’s largest semiconductor assembly and testing company, has purchased a facility in Kaohsiung, a massive port city in southern Taiwan, for over US$ 162 million.…
GLP sells Japan logistics for 55pc above book value
INDUSTRIAL and logistics player GLP J-REIT has capitalised on the strength of market by selling a portfolio of assets in Japan for over 55% the book value. GLP has divested…
Sovereign wealth fund injects $134m in Singapore life sciences
PROPERTY developer Ho Bee Land has sold a 49% stake in a life sciences building to the Brunei sovereign wealth fund for S$ 134 million. Elementum is a state-of-the-art biomedical…
Swire unveils landmark Shanghai development
SWIRE Properties has teamed up with Lujiazui Group for a new mixed-use development in the heart of Shanghai’s Pudong New Area. The Lujiazui Taikoo Yuan project located in Yangjing Riverside,…
Robinsons Land and BCDA unveil landmark development in Taguig City
PHILIPPINES developer Robinsons Land Corporation (RLC) is planning to develop a prestigious mixed-use development in Taguig City in a partnership with the Bases Conversion and Development Authority (BCDA). Occupying a…
Princeton plugs into Yahoo data centre
WARBURG Pincus-backed digital infrastructure real estate developer Princeton Digital Group (PDG) has grown its footprint in Singapore. The company has purchased Yahoo’s Singapore data center facility, SG3, a 5,400 sqm…
Chinese developer R&F defaults on debt payment
PROPERTY developer Guangzhou R&F Properties is considering alternative solutions after missing the interest payments on it US$ 4.53 billion offshore bonds. R&F has missed three payments totalling US$ 147 million,…
Asia Property Journal Deal Watch
ASIA Property Journal’s weekly comprehensive wrap of property sales and leasing transactions across Asia. Retail Hong Kong Shop A&B at Nos. 444 - 452 Des Voeux Road West, Hong…
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