May 2014 | Asia Property

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News

Norway’s $865bn oil fund to drill into Asian property field

Sovereign fund’s Asian real estate investment strategy is expected to focus on Japan first, then Australia  The Norwegian state’s $865bn oil fund is set to make its first real...

Comment

No big bang for China housing bubble

While many of China’s housing developers are in trouble, fears of a financial meltdown as the house price bubble bursts have been overplayed. Deflation of the bubble, backed by more...

Companies & People

MAY - COMPANIES and PEOPLE

Savills set to swallow studley in US Savills is set to buy US brokerage Studley for up to $260m. The proposed deal would add 400 brokers and 175 support staff...

Comment

EDITORS COMMENT

The core real estate space will get very crowded over the next year or so. As we revealed in April, Morgan Stanley is plotting a core Asia fund and a...

Diary

MAY - DIARY

Sony seems an unlikely player in property services game Sony, creator of the Walkman and the PlayStation and on target for a $1.1bn loss for the year to 31 March,...

World News

Candy report tips resi’s sweet spots

The Candy GPS Report, produced by Candy & Candy, Savills World Research and Deutsche Asset & Wealth Management, has tipped 12 secondary cities for luxury residential growth. The cities are:...

News

May - News In Brief

Hong Kong trial begins for Sun Hung Kai Properties chairmen The corruption trial of Sun Hung Kai Properties chairmen Thomas and Raymond Kwok, alongside former Hong Kong chief secretary Rafael...

News

Gaw takes Dongja 8 stake in debut Seoul deal

Hong Kong’s Gaw Capital Partners has made its first Seoul investment, a 75% stake in a new development, for around $200m. The firm’s $1.025bn Gateway Fund IV bought the office,...

News

May - News In Brief

Lotte calls off REIT listing Lotte Shopping has postponed the listing of a real estate investment trust in Singapore, which was slated to raise up to $1bn, backed by retail property...

News

Ascendas links up with Ping An for Asian campaign

Singapore developer Ascendas and China’s Ping An Trust have signed an agreement to work together on real estate projects in Asia. The partners said they would investigate a range of...

News

Great Eagle flies into funds venture

Hong Kong’s Great Eagle Group and China Orient Asset Management plan to launch two $1bn real estate funds. One will provide debt finance for Chinese developers, mainly Hong Kong-listed ones. China...

World News

Goldman’s latest debt vehicle pulls in$4.2bnwarchest

US investor injects $600m of own money into fund, as a record 53 vehicles target property debt sector  Goldman Sachs has amassed $4.2bn of firepower for its latest real estate...

World News

Q1 Asian deals up 9% year on year as global volume rises

Sales of large commercial property assets globally totalled $265.5bn in the first quarter of this year, up 6% on the same period in 2013, according to Real Capital Analytics. RCA’s...

News

Corruption investigators hold head of China Resources Land

Chairman Song Lin and ex vice-chairman Wang Hongkun face graft accusations  State-owned Chinese property company China Resources Land has become embroiled in a corruption scandal after its chairman was detained...

News

Link to sell five non-core shopping centres in Hong Kong

The Link Real Estate Investment Trust plans to sell five of its non-core shopping centres in Hong Kong for up to HK$2.5bn ($320m). The malls for sale are in public...