SG Roundup: Failed realty deals 

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Singapore’s real estate industry ended the year 2014 with a couple of failed realty deals, involving Celestine Management’s failed attempt to buy Second Chance Properties and the dissolution of stake in Epic Land by joint investors –Lian Beng Group, KSH Holdings, and KOP Limited. Celistine Management, Second Chance Properties deal… Read more »

Chinese investors flock Thai real estate

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The development of AEC (ASEAN Economic Community) is bringing in more than regional co-operation to the SEA (Southeast Asia); for Thailand, it is bringing in some heavy duty Chinese investment, especially in the real estate sector. Thailand is seeing large numbers of Chinese investment in the real estate sector; the Chinese have become one of… Read more »


IPC Corp sells 2 Japan hotels for $29.6m

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Singapore listed IPC Corporation Ltd has sold two hotels in Sapporo (Japan) for 2.69 billion yen (S$29.6 million) to GK Sapporo Holdings Tokumei Kumiai. GK Sapporo Holdings Tokumei Kumiai, a wholly owned subsidiary of the Ichigo Group Holdings (which is listed on Tokyo’s Jasdaq market and manages the Ichigo REIT),… Read more »


Singapore firms strike realty deals in Australia

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The Australia attraction for SGX-listed property firms shows no signs of slowing down. The last week has seen several local firms like Wee Hur Holdings and TEE Land, enter deals Down Under. The appetite of local companies to acquire assets in Australia is set to continue in 2015. A recent… Read more »


Tower REIT disposes assets for $38m

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Tower Real Estate Investment Trust (REIT) has disposed of 19 office parcels and 190 car park bays within Menara ING for MYR132.34 million ($37.8 million) cash, expected to provide a gain of MYR40.4 million ($11.5 million) for the trust. In a filing with Bursa Malaysia, Tower REIT said the proposed… Read more »


SG roundup: Ryobi Kiso, Poh Tiong, Lifebrandz

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Ryobi Kiso to jointly develop mixed-use property development in Bekasi Singapore listed Ryobi Kiso Holdings Ltd, ground engineering solutions provider, Monday said its wholly-owned subsidiary PT Mulia Indah Perkasa (MIP), has reached a deal with PT Eka Karya Konstruksi (EKKON) to jointly develop a mixed-use property development in Bekasi, Greater… Read more »


a-iTrust to buy $152m IT property in India

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Singapore listed Ascendas India Trust (a-iTrust), will shell out about S$190 million ($152 million approximately) to acquire a 1.5 million square feet IT property in Pune, India, the company said. The acquisition will be through a two-stage process.  a-iTrust will first subscribe to non-convertible debentures (NCD) amounting to S$54 million… Read more »


Parkway REIT sells 7 nursing homes in Japan

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Singapore listed property trust Parkway Life has sold seven nursing homes in Japan to Fortress Japan Investment Holdings LLC, a leading global investment firm, for ¥7,950,000,000 (approximately S$88.3 million or $66.7 million), the company said. The divestment comes within weeks of trust making two acquisitions in Japan. Last week, Parkway… Read more »


Soilbuild REIT buys IMI’s SG property for S$22m

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Philippine-based chip-maker Integrated Micro-Electronics Inc (IMI) has sold its Singapore property to DBS Trustee Limited  in its capacity as trustee of Soilbuild Business Space REIT for S$22 million (P757 million). As a follow up to this disclosure to the Philippine stock exchange last August 27, IMI said that its Singapore-based indirect… Read more »


PH-based Rockwell acquires 60% in ATRKE Land

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The Philippines’ premiere property developer Rockwell Land Corp (Rockwell Land) is planning to acquire a controlling interest in an upscale residential complex, Tribeca Project, south of Metro Manila. Rockwell Land disclosed this to the stock exchange on Tuesday. According to the this disclosure document, Rockwell’s subsidiary Rockwell Primaries Development Corp… Read more »