Hilton debuts in Myanmar with Nay Pyi Taw Hotel

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Hilton Worldwide made its foray into Myanmar with the opening of Hilton Nay Pyi Taw in the country’s capital, the American hospitality company said. The 202-room Hilton Nay Pyi Taw spans more than 100 acres and is situated within the capital’sdeveloping Dekhina Thiri township. Owned by local firm Eden Group… Read more »

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Ascott buys 20% in Australia’s Quest for $25.4m

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CapitalLand-owned service apartment operator, The Ascott, has acquired a 20% stake in the Australia-based Quest Serviced Apartments. The deal is valued at $25.4 million. The Ascott, which based out of Singapore, has the option to pick up an additional 10% stake in Australia’s largest serviced apartments provider. In a series… Read more »


GLAND to build tallest tower in ASEAN

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Grand Canal Land PCL (GLAND), one of the leading real estate developers in Thailand, announced to invest 18 billion Baht ($562 million) in building the tallest tower in the Southeast Asia. The project called ‘Super Tower’ is designed to be a mixed-use building with 125 storeys and be 615 meters… Read more »


Property portal Lamudi doubles business in 1st yr

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A year since its online debut, real estate property portal Lamudi has doubled its business with over half of its property listings coming from Asia. German startup incubator Rocket Internet founded Lamudi in October 2013 with initial portal networks in 16 countries. The portal now covers 28 countries across Asia,… Read more »


Ascott acquires Japanese hotel for S$95-m

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Ascott Residence Trust (Ascott Reit) has acquired a hotel in Tokyo, Japan at a price of JPY8 billion (approximately S$95.2 million), its second buy in Japan this year, and its sixth acquisition this fiscal, the company said in a statement. So far this fiscal, Ascott Reit had acquired a rental… Read more »


Singapore’s Oxley Signs Deal on Myanmar Project

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A subsidiary of Singaporean property developer Oxley Holdings has signed an agreement on a Myanmar project to develop a property in its commercial hub Yangon, Oxley Myanmar will build a 20-storey commercial and residential development, Min Residence, in Mayangon township in northern Yangon. The project, which will be on a… Read more »


PS to launch over 60 projects next year

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Pruksa Real Estate Public Company Limited (PS) plans to commence at least 60 property projects in 2015 following the recovery of the local real estate industry. The recovery was possible with the government’s supportive investment policy. Chief executive officer Thongma Vijitpongpun said the company is expected to achieve its revenue… Read more »


Megaworld PH plans residential high-rise in $781m Biz park

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Philippine real estate giant Megaworld Corporation plans to build a new residential tower called ‘The Palladium’ inside the US$781 million business park at the Iloilo City. The Iloilo Business Park is company’s flagship development. Designed as a modern luxury residential condominium, The Palladium will stand 80 meters high at 22… Read more »


‘IMPACT Growth REIT’ launches first day of trading on SET

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IMPACT Growth REIT, Thailand’s first ever Real Estate Investment Trust, has opened its first day of trading on the Stock Exchange of Thailand (SET) today. After the closing of initial public offering (IPO), Bangkok Land Public Company Limited (BLAND) owned net cash before tax 10.86 billion baht ($ 334.4 m) and generated… Read more »