Market News
Daiwa House Logistics Trust proposes to divest DPL Sendai Port, buy Hiroshima facility
The acquisition consideration for DPL Hiroshima Itsukaichi Port stands at some 8.2 billion yen
Lendlease Global Reit’s Q1 committed portfolio occupancy dips to 94.4% amid PLQ Mall works
Its retail portfolio has had a positive rental reversion of 10%
Blackstone said to plan US$1.9 billion Tokyo office sale
It is negotiating with a fund set up by a real estate asset management firm under Daiwa Securities Group, say sources
Temasek’s Mapletree Investments headed for SGX IPO in 2027: sources
The group is said to have begun appointing bankers and legal advisers for the listing
PAG to buy 51% stake in Evergrande Property Services for US$509.8 million
The deal remains subject to Chinese antitrust approval, among other conditions
China remains MPACT’s ‘biggest pain’ as divestment hurdles persist
Manager looks to extract further value from its Singapore properties, with two VivoCity upgrades planned
Rise of student hostels helps add fuel to Hong Kong property boom
Analysts project a housing shortfall for as many as close to 150,000 students by 2030
Hong Leong, TID place top bid of S$181.86 million or S$1,755 psf ppr for Orchard plot
The tender for the Orchard Boulevard site draws a total of five bids
Rent premiums from greening offices least likely in Singapore among major cities
Buildings in the Republic are increasingly expected to have such features; gains most likely in Hong Kong
About 11,000 homes planned on Maju Forest, Gillman Barracks sites with more greenery to be retained
Revised proposals will yield about 9,500 public homes and 1,500 private units, with taller blocks on the cards
MPACT, Singapore Land enter top tier of global ESG benchmark for real estate; Hongkong Land slips
The annual GRESB report assesses entities on how well the buildings in their portfolios are managed
Mapletree Industrial Trust posts 6.6% drop in Q2 DPU to S$0.0297
Net property income falls 3.5% to S$119.8 million
UI Boustead Reit posts maiden DPU of S$0.0371, a shade ahead of IPO forecast
This is despite missing its net property income forecast by 1.8%
Digital Core Reit guides about 17% DPU growth for 2027; 9M distributable income dips 1.1%
Revenue is up 1.6% at US$134.5 million from US$132.4 million in the year-ago period
China property woes strain Guangdong government-owned group’s US$62 billion debt
Zhuhai Huafa has missed payments on two trust products, sources say
Hanoi’s oldest luxury hotel tested by new rivals in tourism wave
This comes as Vietnam seeks to attract wealthier travellers and chase double-digit growth
IOI’s Lee Yeow Seng could be vindicated in going big on prime Singapore city-centre properties
The group will need to mind the risks of loading up on borrowings amid possibly rising interest rates
The Assembly Place to invest up to S$2.5 million in S$300 million living-sector fund
The Catalist-listed company has also been proposed for the role of property manager and operator