Singapore investors attracted to UK student housing
FAR East Orchard has established its first private fund in Singapore – FE UK Student Accommodation Development Fund, to invest in purpose-built student accommodation (PBSA) in the United Kingdom. The…
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Hong Kong govt resume land sales
ENCOURAGED by the strong rebound in property sales, the Hong Kong Government has put two sites earmarked for residential and multi-storey logistics developments, on the market. The government is offering…
Filinvest Land drops anchor in Marina Town
FILIPINO real estate developer Filinvest Land is making waves in Dumaguete City, Negros Oriental with a new mixed-use development, Marina Town. Spanning a total of 2.8 hectares and located right…
Developers plot counter cyclical play in China
OPPORTUNISTIC property developers are taking advantage of market conditions in China, swooping on major sites in Tier 1 cities such as Beijing and Shanghai for a whopping RMB15.32 billion (approximately…
Thailand boost as Hyatt Bangkok check out for US$146m
IN Thailand’s largest hotel real estate transaction in half a decade, the Hyatt Regency Bangkok Sukhumvit has changed hands for over THB5 billion (approximately US$146 million) – with this single…
Developers team up for half a billion dollars Singapore site
REAL estate developer GuocoLand in a joint venture Intrepid and Hong Realty have bought a prominent residential site in Singapore for S$497 million. Located at Margaret Drive, the property acquired…
Poly settles Macau dispute with HK$3.95bn deal
IN significant exit from its Macau investment, HONG Kong-based developer Poly Property has ended a long-running legal dispute with business partners by selling its stake in a Macau property development…
Mitsui OSK shows confidence in SE Asia and India
JAPAN’S Mitsui O.S.K. Lines has injected S$261 million into a new partnership with CapitaLand Investment Limited, to support CLI’s push into Thailand and India’s burgeoning property sectors. With this capital…
Sunac sells 40 projects across China for RMB3.2bn
FOLLOWING its plans to raise HK$2.1 billion, Tianjin-based property developer Sunac China has exited 40 development projects due to ongoing challenges in the mainland property market, for RMB3.2 billion (approximately…
Equinix says Sawadee to Thailand
GLOBAL data centre giant Equinix will invest $500 million to expand its digital infrastructure platform in Thailand, keen to capitalise on the kingdom’s accelerating cloud adoption, the rise of e-commerce,…
Empyrion Digital makes a move into Taiwan
SINGAPORE-headquartered digital infrastructure platform Empyrion Digital has launched into Taiwan with a new data centre in Taipei. The company plans to develop a state-of-the-art 7MW edge co-location data centre, named…
Chinachem makes HK$1bn winning bid for Sha Tin
HONG Kong’s real estate market has received a much needed boost with Chinachem paying a premium HK$1.021 billion (approximately US$128 million) for a site in Sha Tin, one of the…
Tokyo hotel sale falls over due to finance hurdles
IN a recent turn of events, the sale of a hotel property in Tokyo’s bustling Asakusa district has been abandoned because the buyer could not secure finance for the purchase.…
Singapore office tenants remain cautious
LEASING activity in Singapore’s office market remains slow as tenants, particularly the large multinationals, continue to tighten their purse strings in a bid to save costs. The vacancy rate for…
Primex pulls the plug on Pullman Manila debut
ACCOR Group’s expansion in the Philippines has suffered a major setback after it walked away from debuting its Pullman brand in Manila following disagreements with the developer Primex Realty. Primex…
Prestige Group expands in Bengaluru
ONE of India’s largest property developers Prestige Group continues to expand in Bengaluru, acquiring a site for ₹462 crore (approximately US$55 million). Prestige Group has acquired 17.45 acres of prime…
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