1MDB’s Bandar Malaysia attracts interest from 40 investors

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1Malaysia Development Bhd’s (1MDB) Bandar Malaysia project has received investment interest from 40 top local and foreign developers, who have existing projects in Malaysia. Transaction adviser to 1MDB Real Estate Sdn Bhd (1MDB RE), CH Williams Talhar & Wong (WTW) said they received “strong interest”, with some “40 parties, including… Read more »

Singapore’s Oxley Group acquires 20% stake in UK’s Galliard for $78.11m

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Singapore-based lifestyle property developer, Oxley Holdings Limited (Oxley Group), has entered into a subscription and shareholders’ agreement to acquire a 20 per cent stake in the enlarged share capital of the UK-based Galliard Group for GBP 50 million ($78.11 million). This strategic acquisition is important as the Oxley Group further establishes its London footprint. The Galliard Group partnership… Read more »


BI, Indonesian govt introduce new policies to support the struggling real estate sector

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Indonesia property developers faced constrained business during the first half of the year, as sales lagged on the back of domestic economic slowdown and regulatory uncertainties. Central Bank of Republic Indonesia (BI) survey shows that the rate of growth in the residential property sales in Q1 2015 dropped significantly to 26.6… Read more »


Singapore Realty Dealbook: GIC pays $42m for minority stake in Aliansce’s Brazilian mall; Metro Holdings exits Japanese property market

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Singapore’s based companies are investing and divesting in real estate abroad. While GIC has acquired a stake in Brazilian mall, Metro Holding has exited the Japanese realty market by divesting from the sole office building the company owned in Tokyo GIC pays $42m for minority stake in Aliansce’s Brazilian mall… Read more »


PropertyGuru acquires ePropertyTrack for an undisclosed amount

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Fresh from a capital infusion of S$175 million, Singapore’s leading realty portal PropertyGuru Friday said it had acquired ePropertyTrack, a project sales and marketing company in Southeast Asia, for an undisclosed amount. PropertyGuru said the deal will strengthen its sales, marketing and data insights capabilities for the real estate industry. The… Read more »


AIRA enters into JV with SENA, SFC for real estate development in Thailand

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AIRA Property Co Ltd, a wholly-owned property unit of Thailand-based financial firm AIRA Capital PCL, signed a memorandum of understanding with Sena Development and Sangfah Construction and Engineering Co Ltd to jointly invest in at least five high-rise building projects worth 5 billion baht over the next five years. The… Read more »


Thailand’s CP Land ready for its first overseas expansion

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CP Land PCL, a property arm of Thailand’s agribusiness conglomerate Charoen Pokphand (CP) Group, is to make its first step to expand its business in the overseas market through acquisitions this year. It plans to spend 500 million baht (about $15 million) on taking over an office building in Yangon… Read more »


Thai property developer Prinsiri swaps share with KPN

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Board of directors of Prinsiri, one of Thailand’s listed property developer, has approved the acquisition of majority stake in KPN Holding through a combination of share swaps and cash payment for 4.032 billion baht (around $120 million). Prinsiri will propose it in an extraordinary shareholders’ meeting for approval on August… Read more »


Vingroup to invest in Vietnam’s $1b eco-island project

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Vietnam based real estate company Vingroup has got the approval to invest in the $1 billion Vu Yen ecological island in the northern Hai Phong City, after the proposal was put forward by the local authorities. Prior to the approval, the Ministry of Planning and Investment had suggested the there be open… Read more »


MY Property Dealbook: Tadmax disposes land to 1MDB, UEM sells Imperia to Khazanah

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In two real estate deals, Malaysia based Tadmax Resources Bhd completed the disposal of a parcel of land in Pulau Indah, Selangor to 1Malaysia Development Bhd’s (1MDB) unit Ivory Merge Sdn Bhd for MYR294.38 million; while UEM Sunrise sold Imperia, an office tower in Johor, to Khazanah Tadmax disposes land to 1MDB… Read more »