VN Realty Dealbook: Hung Thinh Corp buys condo project; US firm invests $120m in industrial park

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Real estate market in Vietnam has seen some investment action coming in both from local and overseas investors. There has been an acquisition activity in a Vung Tau City-based condo project, while US-based Trillions Enterprise, has got the approval to initially invest $120 million in the Tan Duc Industrial Park, developed and managed… Read more »

SG Realty Dealbook: Perennial acquires 10% in Perennial China Retail; Sabana REIT secures Islamic credit facility; Keppel REIT acquires 3 Melbourne units

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Several Singapore-listed firms have finalised deals in the real estate sector abroad. Perennial has acquires a minority stake in Perennial China Retail Trust, while Sabana REIT has secured a murabahah facility worth S$50 million; even as Keppel REIT increased its exposure in Australia through its latest purchase of there retail units. This… Read more »


Hong Kong’s Chow Tai Fook takes controlling stake in Vietnam’s long-stalled $4b Nam Hoi An casino resort

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Vietnam-based investment firm VinaCapital has teamed up with Hong Kong’s property-to-jewellery conglomerate Chow Tai Fook Enterprises Ltd to jointly develop the long-stalled $4 billion Nam Hoi An casino resort in central Quang Nam province of Vietnam, the investment company has announced. Accordingly, VinaCapital’s London Stock Exchange’s Alternative Investment Market-listed fund VinaLand Limited… Read more »


SG Realty Dealbook: Yongnam acquires Johor land; Asian Micro considers formation of property arm

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Singapore firms have seen significant deal flow this week. Yongnam is acquiring land in Johor, Asian Micro is considering the formation of a real estate unit and ST Engineering has fully acquired ST Education & Training, making it a direct subsidiary to the engineering conglomerate. Yongnam acquires Johor land Yongnam… Read more »


iProperty Group launches international web platform for realty listings

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iProperty Group Ltd, a Malaysia-based online advertising business serving the real estate industry, has launched iProperty International , a  platform that will allow investors to access global residential and commercial listings. Managed by iProperty’s Singapore office, iProperty International will initially feature over 3,000 listings of a new Australian residential property, provided by… Read more »


Ascott REIT sells six Japanese properties for S$52.6m

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Singapore listed Ascott Residence Trust or Ascott REIT, has reached a deal to sell six properties in Japan for JPY4.48 billion (S$52.6 million). These properties are currently held by its subsidiary ARC-CapitaLand Three Tokutei Mokuteki Kaisha (TK3). At the same time, TK3 will continue to own five other properties in Japan…. Read more »


Indian realty firm Unishire raises $19m debt from Reliance AIF

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Realty firm Unishire Urbanscape Pvt. Ltd has raised $19 million (Rs126 crore), through issue of non-convertible debentures (NCD), from Reliance AIF Asset Management Co. Ltd to clear high-cost debt and for ongoing projects. Reliance AIF has deployed the money from its recently raised Rs1,000 crore fund, Reliance Yield Maximiser Alternative… Read more »


Ascott adds 850 units to serviced residences portfolio

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CapitaLand Limited’s wholly owned serviced residence business unit, The Ascott Limited (Ascott), has secured four new contracts to manage over 850 units in four growing Asian markets. Having recently built up its portfolio of serviced residence units to 40,000 units globally, Ascott is targeting to add a further 2000 units… Read more »


SG Realty Dealbook: Saizen REIT acquires residential property; China New Town to collaborate with Shenzhen Venture Capital for property development; P99 Holdings to morph into Indonesian road and port operator in RTO deal

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A number of realty deals have been taking place involving Singapore-listed and other firms here across the residential, property development and infrastructure segments. With the deals spread across Japan and emerging markets like China and Indonesia, DEALSTREETASIA compiles the latest developments in this space. Saizen REIT acquires residential property Saizen… Read more »


Indonesia’s Bumi Serpong Damai sets aside $141.2m for shares buyback

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Indonesia’s largest realty company by market capitalization PT Bumi Serpong Damai Tbk (BSDE) said it has set aside Rp2 trillion ($141.17 million) to buy back its shares from secondary market,  on grounds that its shares price has been undervalued following recent weeks market rout. PT Bumi Serpong Damai Tbk has joined… Read more »