April 2016 | Asia Property

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Bidders vie to break big-deals drought with Seoul IFC buy

Vendor AIG expected to accept price below initial $3bn estimates, as wide bid-ask spread hampers Asian deals A select group of bidders is lining up for AIG’s Seoul IFC...

News

Japan’s Creed expands to encompass $500m residential development in Ho Chi Minh City

Japanese developer Creed Group has invested in a $500m residential development in Ho Chi Minh City, Vietnam. It has joined forces with Phat Dat Real Estate Development and An Gia...

News

Mancini steps up to wider Asia role as Savills rejigs management

Savills is promoting Chris Mancini to chief executive for Asia Pacific, ex-China, in a senior management reshuffle. Mancini, currently CEO for North Asia, will take up his role on July...

Survey

Signs of slow recovery stir a subdued Seoul

Concern over the effects of volatility and a slowdown in China has led to caution among Seoul’s largely domestic office occupiers, but vacancy rates are falling and brokers detect signs...

Survey

Survey introduction

Korea While foreign investors particularly continue to seek prime office assets in Seoul, the knock-on effects of the slowdown in China have caused a hiatus in the city’s office leasing...

Diary

Diary April 2016

Waves from offshore storm hit Sun Hung Kai Properties The leaked papers of law firm Mossack Fonseca, which created offshore companies, revealed a few difficulties the firm had with Hong...

Survey

Foreign buyers seek to turn year of deal failure to success

Several big Seoul office investment deals failed in 2015 and concerns about the weak occupier market put a brake on transactions. But with many foreign investors circling, activity should pick...

News

Greenland’s is latest Chinese project to hit planning hurdle

Melbourne project is axed, while regulations stall China Vanke scheme in New York  Chinese developers are running into trouble with overseas projects, with local regulatory regimes tending to be the...

Analysis

Evolution is key to retail survival

With technology changing consumers’ shopping habits in China and across the Asia Pacific region, retailers will have to adapt rapidly to survive, delegates at AsiaProperty’s recent retail seminar learned The...

Comment

Asian capital will weather Brexit storm

While the economic shock of a British vote to leave the EU would cause short-term turmoil for UK property, the appeal of London in particular means Asian and other global...

News

EPF deal joins institutions’ logistics tally

 Malaysian fund’s UK buy and Australian deal for Ivanhoé Cambridge reflect institutional appetite for logistics  Logistics real estate continues to attract institutional investors, with a number of deals sealed in...

Comment

Low rates still offer high rewards for the bold

Looking back at 2015, it seems the major worry for real estate investors was the prospect of rising US interest rates, which could have destabilised a market grown dependent on...

Companies & People

Companies & People

Blackstone’s heady to steer overall Asia Pacific operation Blackstone has appointed Chris Heady as chairman for the Asia Pacific region. Heady will retain his position as head of real estate...

Comment

Market Talk April 2016

“In Hong Kong and overseas property markets, new players tend to compete with highly aggressive pricing in land auctions. It is therefore not easy to acquire land at reasonable costs....