Keppel Land expands Sedona Yangon, adds $80 million wing

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Keppel Land, the property arm of Keppel Group, is expanding its Myanmar hospitality business by adding a $80 million (S$106 million) wing at the Sedona Hotel Yangon. This 29-story expansion effectively doubles its capacity, adding 420 room and projected to be completed in Q42015, amidst a surge in increased tourist and business… Read more »

Myanmar temples

PH real estate firms Federal Land, Alveo sign JV for development of residential project

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Philippine-based real estate companies Federal Land Inc and Alveo Land Corp (Alveo) have signed a joint venture agreement for the development of a master-planned residential community. Federal Land is a property development arm of listed holdings company GT Capital Holdings Inc (GTCAP) while Alveo is a fully-owned subsidiary of Ayala… Read more »


FLC Group to launch $163m project in central Vietnam

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Vietnamese property developer FLC Group will be developing a high-end resort complex in the coastal city of Quy Nhon, Binh Dinh province, in which it will invest VND3.5 trillion ($162.8 million), the company announced. The  company has received the official investment certificate for the 300 hectare project, encompassing a golf… Read more »


Robinsons Land, Starwood Hotels ink mixed-used project deal in PH

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Philippine real estate investment firm Robinsons Land Corp (RLC) has signed a deal for a mixed-use development project, with the US-based hotel and leisure company Starwood Hotels & Resorts Worldwide Inc. Dubbed “Westin Manila Sonata Place”, the property marks the Westin brand’s first mixed-use development in Southeast Asia. The size of… Read more »


SG Realty Dealbook: AVJennings in JV with superannuation fund; Keong Hong & partners in Maldives deal; Fragrance Group acquires property in Tasmania

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The rush by Singapore firms, to venture into realty deals abroad, shows no signs of abating. The latest to join the list include, Singapore and Australia-listed property developer AVJennings Limited that has established a JV in Australia, Keong Hong Holdings that is foraying into building and developing hotels in Maldives,… Read more »


First Sponsor back in black, acquires two hotels in Amsterdam for $60m

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Mainboard-listed property group First Sponsor said it had registered a profit of S$10.73 million in the first quarter, 2015, as against a loss of S$9.18 million during the corresponding period last year. The company also announced that it had entered into a deal with German institutional real estate fund –… Read more »


Vietnam realty firm Sudico to invest $14m for upgrading flagship project

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Song Da Urban & Industrial Zone Investment and Development, or Sudico, is planning to pour VND300 billion ($14 million), an amount even larger than its initial expected profit, in the stagnant Nam An Khanh urban area project. Do Van Binh, vice chairman of Sudico, said that apartment prices of the… Read more »


Singapore-listed CIT issues new share units worth $689m

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Cambridge Industrial Trust Management Limited (CIT), a Singapore based  industrial REIT, CIT which has been publicly listed on the Singapore Exchange Securities Trading Limited since 2006, has issued 1,214,643 new units at S$0.7173 per unit. The management fee is S$871k while the total number of units in issue is 1,279,804,192, of which the… Read more »


FCOT to acquire Melbourne property & develop China Square hotel

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Frasers Commercial Trust (FCOT) has entered into a conditional sale and purchase agreement with Australand Property Holdings to acquire a Melbourne commercial property worth A$222.5 million (S$232 million), its first foray in the Melbourne CBD office market. In addition, it has interest a conditional arrangement with Frasers Centrepoint (FCL) to develop a… Read more »


Thai govt is to invest $3b in Eastern Seaboard’s infrastructure

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Thailand’s Eastern Seaboard Development Committee, led by Transport Minister Prajin Juntong, has recently approved 91 projects under the Eastern Seaboard Logistic and Transportation Infrastructure Development Plan with an estimated investment of more than 100 billion baht ($3.13 billion), a top government official said. The Transport Ministry’s official said this move aims at… Read more »