Tuan Sing exiting Fujian project
SINGAPORE’S Tuan Sing has sold a major stake in a large land parcel in China’s Fujian Province after over 10 failed attempts to development the site. Tuan Sing held an…
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Asia Property Journal Deal Watch
ASIA Property Journal’s weekly comprehensive wrap of property sales and leasing transactions across Asia. Development site and land Bangkok, Thailand Central Pattana has acquired two land parcels at 2…
India drives flexible office growth
FLEXIBLE office space has reached a footprint of 89 million sq ft across Asia Pacific, primarily driven by India. CBRE’s latest report shows flexible office now accounts for around 4%…
Sapporo hotel sells for twice the book value
ICHIGO Hotel has taken advantage of Japan’s tourism boom, selling a Sapporo property for more than twice the book value. Ichigo Hotel has sold the Nest Hotel Sapporo Ekimae for…
Jean landbank in New Taipei City
REAL estate and property management business Jean Co has continued its buying spree, this time acquiring a major site in New Taipei City for NT$ 2.20 billion (approximately US$ 67.40…
Buyers flock to Quezon City’s newest residences
DEVELOPER Robinsons Land Corporation’s latest project MIRA by RLC Residences in Quezon City has become one of the most sought-after residential developments. The first tower of MIRA has reached 80%…
AME divests portfolio for MYR119m
THE AME Real Estate Investment Trust (AME REIT) has disposed four industrial investments in Johor, Malaysia for MYR 119.45 million (approximately US$ 26.73 million). The trust has sold the properties,…
Philippines developer increases earnings
INTEGRATED property developer SM Prime has reported a 16% growth in net income in the second quarter of 2024. SM Prime reported a net income of PHP 11.6 billion from…
Parkway boost presence Japan’s retirement sector
ASIA healthcare investor Parkway Life Real Estate Investment Trust has expanded in Japan with the acquisition of a nursing home in Osaka. PLife REIT, one of Asia’s largest listed healthcare…
CBRE expands Asia Pacific sustainability advisory business
CBRE has bolstered its sustainability business in Asia Pacific with the acquisition of Singapore-based firm Paia Consulting. CBRE advisory president Anshuman Magazine said this acquisition will have an impact across…
ESR spends S$772m in Japan and Singapore
THE ESR-LOGOS REIT has snapped up two facilities in Japan and Singapore for a combined S$772.6 million. The trust has acquired the ESR Yatomi Kisosaki Distribution Centre, a modern logistics…
Strata sellers play their cards right
SEVEN office floors within the Solitaire On Cecil building in Singapore’s Chinatown Point have sold for S$371 million, setting new records for the market. Savills Singapore team handled the sale…
OCT buyout Shanghai partner for US$ 283m
A SUBSIDIARY of China state-owned enterprise Overseas Chinese Town (OCT Ltd) has bought out its sister company’s interest in a Shanghai project for RMB 2.05 billion (approximately US$ 283.46 million)…
Philippines takes the stick to POGO industry
THE Philippine government’s decision to ban Philippine Offshore Gaming Operators (POGO) will impact the Manila office market, where they currently occupy about half a million sqm of space. In his…
Thailand thermal energy group warms to Chiang Mai
THAI thermal and renewable energy provider Inter Far East Energy has diversified its interests with the acquisition of the hotel in Chiang Mai for THB 2.371 billion (approximately US$ 65.95…
Nomura makes US$145m real estate trades
ONE of Japan’s largest REITs, the Nomura Real Estate Master Fund has bought and sold over $US 260 million worth of investments in a move to rebalance the diversification of…
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