Keppel makes quantum leap in AI data centres
THE breakneck advancement of artificial intelligence (AI) and quantum computing are demanding more cutting-edge digital infrastructure, and Keppel and Nokia have teamed up to capture this demand currently not been…
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Recent News
Nomura divests Tokyo office for JPY13.5bn
THE Nomura Real Estate Master Fund has sold a Shibuya office building in the heart of Tokyo, for JPY13.5 billion (approximately US$90.21 million) for a significant premium. The sale price…
Singapore development sales remain in the doldrums
IT was another lull month for property developers in Singapore, as homebuyers remain cautious and selective. According to the latest Knight Frank Monthly Developer Sales (September 2024), there was only…
Aseana pulls the plug on MYR165m hotel sale
MALAYSIAN property developer Aseana Properties the cancelled the MYR165 million sale of the Hotel Sandakan and the adjacent Harbour Mall. The London Stock Exchange-listed group said it has issued a…
Asia Property Journal Deals Watch
ASIA Property Journal’s weekly comprehensive wrap of property sales and leasing transactions across Asia. Retail Suzhou, China Financing provider China Huirong Financial is diversifying its business with the acquisition…
Sino-Ocean give offshore creditors good news
OFFSHORE creditors of Chinese state-backed property developer Sino-Ocean have received positive news. In a market update, the company said as part of its restructuring plan, it is expecting to generate…
Samty goes on acquisition spree
RENTAL housing real estate investment trust, Samty Residential, has acquired a portfolio of properties across Japan for over JPY6 billion (approximately US$40.1 million). Samty Residential has acquired 10 properties from…
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…
SkyWorld targets affordable housing segment
MALAYSIAN urban property developer SkyWorld Development has entered into a joint development agreement with PR1MA Corporation to deliver an affordable high rise apartment project in Kuala Lumpur. Set on a…
CDL making big splash along Singapore River
INTERNATIONAL real estate developer City Developments Limited (CDL) has unveiled a new mixed-use landmark and first redevelopment in the Singapore River Planning Area. The large-scale mixed-use development located at the…
Cathay Life pays a cool NT$2.73bn Taoyuan site
AUTOMOTIVE air conditioners manufacturer Everbrite Technology has sold a land parcel in Taoyuan City to insurer Cathay Life Insurance for over NT$2.73 billion (approximately US$85 million). The property located at…
CapitaLand wins bid to redevelop Singapore food factory
CAPITALAND Development (CDL) has put a winning bid of S$368.9 million to redevelop Kallang Way Industrial GLS site into a food factory. The approximately 44,107 sqm land parcel is strategically…
Buyers flock to Lumi Hanoi residential project
PROPERTY developer CapitaLand Development continues to enjoy success in Vietnam with the third and final phase of its Lumi Hanoi project almost selling out during the launch day. The project…
No fun for HK toy billionaire, Sydney office sells below what he paid
HONG Kong toy billionaire Francis Choi has copped a loss on the quiet $196.4 million sale of the 1 Castlereagh Street building in the heart of Sydney’s CBD, amid a…
Singapore Land and UOL team up for Sydney office
A JOINT venture between Singapore-listed companies UOL Group and Singapore Land Group (SingLand) has confirmed its acquisition of Brookfield’s half-stake in Sydney office tower 388 George Street at $460 million.…
Knight Frank Shute for the stars
CRAIG Shute is the new CEO of Knight Frank Asia Pacific, with Kevin Coppel to retire from the position in March 2025. Shute, which is currently the Knight Frank CEO…
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