December 2017 | Asia Property

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News

Seoul set for giant office sale as twin towers hit market

Ascendas-Singbridge tipped as potential buyer of development after Qatari fund pulls deal for 50% stake The largest asset up for sale since Seoul IFC is set to hit the...

Data

Key data: Occupiers/non-listed

• Tech companies increasingly favour grade A space in prime areas to help secure the best staff, JLL reports  Tech firms target grade A office territory Technology companies are an...

News

News in brief

Oxley’s S$311m bid secures Singapore residential complex Oxley Holdings has acquired Mayfair Gardens, an en-bloc Singapore residential complex, for S$311m ($230.8m), S$46m above the reserve price. Oxley will invest a...

News

China Reinsurance Co to buy into Euro logistics portfolio

China Reinsurance Corporation has agreed to pay €580m ($686.5m) for a 10% stake in a European logistics portfolio. The deal, valuing the entire portfolio at around €5.79bn, will see China...

Data

Key data: Listed sector

• Mixed performance in the region saw Asia’s index rise just 0.4%  • Australia’s index led with a 5.1% gain • The FTSE EPRA/NAREIT Developed (Asia) Index rose 0.4% in November,...

News

State pressure prompts HNA and Dalian to plan asset sales

Chinese conglomerates set for global asset disposals to slash mountains of debt Chinese conglomerates are starting to sell their foreign real estate to tame debt and meet their obligations to...

News

GR and Ho Bee join wave of Asian investors landing office deals in London

London continues to be a happy hunting ground for Asian investors, with a number of deals sealed in recent weeks. GR Properties, the Hong Kong-listed arm of Beijing’s Guorui, bought...

Comment

Market Talk

“The number of Chinese private passenger cars is growing at an annual rate of 10% and the country has become the largest market in the world. But the number of...

News

Allianz and TIAA help Gaw and TH Real Estate pull in $550m for China Outlet Mall Fund

Asia’s largest designer outlet mall fund has announced a first closing with $550m of equity raised. The ERES APAC II – China Outlet Mall Fund is backed by Allianz, Gaw...

Comment

New year won’t overturn the old fundamentals

Looking back at the December issues of AsiaProperty from previous years it struck me how slow the pace of change is in the real estate industry. Obviously, as the pages...

News

Malaysia puts bar on development

Malaysia’s government has stepped in to solve the nation’s chronic property oversupply by freezing the development of shopping malls, commercial complexes and condominiums priced above MYR1m ($245,500). Moody’s Investor Service...