Top level turnover in mainland China leads this week’s collection of personnel updates from around Asia Pacific with units of red chip giant China State Construction and Engineering Co announcing leadership changes at the same time that HNA Group sees… Read More>>
China’s Ping An Real Estate Said Marketing Half Stake in Sydney’s Salesforce Tower
Chinese property investment firm Ping An Real Estate has put up for sale its half stake in Sydney’s A$2.4 billion ($1.67 billion) Salesforce Tower, according to reports published this week.
With the tower at 180 George Street in Circular Quay… Read More>>
Singapore Leads APAC Data Centre Rankings with 2% Vacancy
Singapore remains the top hub for data centres in Asia Pacific, with record low vacancies of 2 percent in 2022, while Hong Kong ranks second despite climbing land prices, according to Cushman & Wakefield’s global comparison of homes for server… Read More>>
Shanghai Commercial Property Investment Fell 23% in 2022
Major trades of investment properties in Shanghai fell by more than one-fifth in terms of value from 2021 to 2022, according to reports by property brokerages, as COVID-19 restrictions and economic weakness derailed deals during the second and third quarters… Read More>>
Singapore’s Keppel Land Builds Up India Pipeline With $29M Pune Office Buy
The property arm of Singaporean conglomerate Keppel Corp is adding 1.1 million square feet (92,900 square metres) to its India office portfolio with the INR 2.37 billion ($29 million) purchase of a project in the western city of Pune, according… Read More>>
Shanghai Saw 74% Plunge in Net Office Take-Up in Q4 as Tenants Pulled Back
Shanghai’s office market continued to struggle in the last quarter of 2022, as the mainland financial hub was battered by COVID-19 chaos and sluggish leasing activity, but the market is poised to bounce back this year amid a broader economic… Read More>>
Singapore Home Price Growth Slows to 0.2% in Q4 as Market Cools
Limited project launches have slowed down home sales and dampened Singapore’s housing market in the fourth quarter, causing prices for new private homes to rise by a mere 0.2 percent from the preceding three months and temper full-year price growth… Read More>>
Singapore Tops C&W Ranking of APAC Data Centre Markets Ahead of Hong Kong, Sydney
Singapore is the top data centre market in Asia Pacific despite a three-year development moratorium that was in place until this past January, with the city-state’s robust connectivity and occupier demand helping it to edge out second-place Hong Kong and… Read More>>
C&W Promotes Gordon Marsden and James Young to Strengthen APAC Investment Team
In a move to upgrade its investor services platform across Asia Pacific, Cushman & Wakefield has announced a pair of promotions with Gordon Marsden stepping up as head of capital markets for the region, and James Young, the company’s current… Read More>>
Singapore Boosts Land Supply by 17% to Tame Rising Housing Prices
After seeing housing prices rise in defiance of escalating interest rates and punitive stamp duties, Singapore authorities have announced plans to sell more housing sites during the first half of 2023 than in any period over the past decade.
In… Read More>>
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