Megaworld to invest $782.2m in development of two PH townships

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Philippine property developer giant Megaworld Corp is investing P35 billion ($782.2 million) to construct two townships in Negros Occidental. This will be the largest real estate investment in the province. The Andrew Tan-led firm informed the stock exchange that the two townships will create new business districts, and generate 250,000 jobs upon… Read more »

Cordea Savills acquires Frankfurt & Singapore-based SEB Asset Management

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Property consulting group Cordea Savills announced that it will be acquiring the German investment management group SEB Asset Management AG (SEBAM) for 21.5 million euros (S$31.9 million), in cash. Post the deal, Cordea Savills will be re-branded as Savills Investment Management. SEBAM, owned by the Swedish banking group SEB, has 148 staff… Read more »


PH’s Bloombery Resorts to acquire casino, South Korean island property

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Bloomberry Resorts Corporation, a listed developer of tourist facilities, casino entertainment, hotel and amusement-themed projects in the Philippines, has signed acquisition deals for an Island property, and a casino in South Korea. Transaction details weren’t disclosed but Bloomberry assured the stock exchange that it will reveal the relevant information once agreements… Read more »


Vietnam real estate on upswing as foreign investments increase

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Following stagnation that extended almost half a decade, the Vietnamese real estate market is finally showing signs of recovery. This has happened due to a combination of factor – the change in government policies, renewed interest by foreign investors, better economy and positive regional trends. After the property bubble burst in… Read more »


AP-MJRI co-invest to develop fifth condo project

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Thailand’s property developer AP (Thailand) PCL signed a joint venture agreement with MJR Investment PTE LTD (MJRI) to develop the fifth condominium project worth 6.3 billion baht ($195 million) in the heart of Bangkok. The ‘Life Asoke’ condominium will be developed by AP (Petchburi) Co, 51 per cent of which is… Read more »


KL office supply to hit 100m sq ft by 2015 end

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Kuala Lumpur will see an additional availability of 100 million sq ft of office space by the end of this year, beating other business hotspots like Singapore, Bangkok and Jakarta. In a property market outlook report by CH Williams Talhar & Wong (WTW), the real estate services company noted that purpose-built… Read more »


Thailand’s Impact REIT to acquire four assets this year

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The Impact Growth Real Estate Investment Trust (REIT) has announced that it would be acquiring four new assets for the trust, during the fourth quarter of the current fiscal. The assets include, Novotel Bangkok Impact Hotel, an indoor parking, Geneva Industry Condominium and Beehive Lifestyle Mall. Paul Kanjanapas, managing director of IMPACT Exhibition Management… Read more »


PH’s Roxas & Co to invest $39.7m for 5 new GoHotels around Metro Manila

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Roxas & Company Inc (RCI), a listed holding firm in the Philippines, intends to spend P1.7 billion ($39.7 million) in the next two years for the construction of new hotels around Metro Manila. Pedro Roxas, chairman, president and CEO of RCI, said the Roxas Group will be spending about P350… Read more »


Singapore Dealbook: HLH Group, Starburst Holdings

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Two Singapore listed firms have done real estate deals that will enable them to expand operations. For HLH Group, the latest property deal involves acquiring land in Cambodia, while for Starburst Holdings, it will facilitate consolidation of its operations locally HLH Group forays into Cambodia with land deal HLH Group Limited said… Read more »


Yoma unveils third phase of Star City Development

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Yoma Strategic Holdings Ltd has unveiled new residence towers in its flagship development project located in Thanlyin township in the outskirts of Yangon. Sales for the “Galaxy Towers”, the third phase of the Star City estate, launched on February 14 following the sales of the project’s Zone A and B… Read more »