ALI opts for lease-to-own lots in $1.6b PH township

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Philippine real estate company Ayala Land Inc (ALI) is using the strategy of lease-to-own lots for the industrial park that will be built within the $1.6 billion (P75 billion) township project in Porac town, Pampanga province, an executive with the company said. ALI together with Leonio Land will build the industrial… Read more »

GIC partners Indonesia’s Rajawali with $500m JV

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Singapore’s sovereign wealth fund GIC Pte and and Rajawali Group have agreed to jointly invest up to $500 million in property projects in Indonesia, largely in its capital city Jakarta’s central business district, both companies said. The joint venture will explore opportunities in sectors including office, retail, residential as well as… Read more »


Thailand’s Singha Estate to invest $3b in 5 years

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Singha Estate, a property developer under the umbrella of Singha Corporation, plans to invest over 100 billion baht ($3 billion) during 2015-2019. The company, which is planning an aggressive expansion, is hoping to raise its revenue to 20 billion baht ($609 million) by 2019. The realty firm will be investing… Read more »


Thailand’s residential real estate shrinks 15%

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Long drawn political turmoil and the accompanying economic downturn has had a negative impact on Thailand’s real estate sector. This year, new projects have come down significantly, especially in the residential real estate space. The new project launch announcements in the housing and condominium category have gone down by 15%  in the first 10… Read more »


Vietnam’s Vinaconex exits realty arm

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Vietnam’s state-owned infrastructure company Vinaconex Corporation has announced the completion of the process of divestment from its realty arm Vinaconex Real Estate Trading Floor JSC (Vinaconex Real). The ownership of the company’s shares in Vinaconex Real Estate Trading Floor JSC (Vinaconex Real) was transferred to a group of investors comprising of… Read more »


RB Capital plans REIT-led overseas acquisitions

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In 2012, one of Singapore’s youngest billionaires, Kishin RK, nearly beat the odds in his quest to acquire the 42 hotels, managed by Marriot International Inc. Losing out to the sovereign wealth fund – Abu Dhabi Investment Authority – in that  billion dollar deal has not out a damper on his plans…. Read more »


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 »


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 »