PH Digest: Revolution Precrafted enters El Salvador; Megaworld buys Stateland

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El Salvador becomes the 15th international market that Revolution Precrafted is foraying into.

India’s new real estate funds eye stressed assets, affordable housing

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Private equity inflows in real estate rose 15% year-on-year to $2.6 billion in the January-March quarter, eclipsing the first quarter of the past 11 years, said property consultancy Cushman and Wakefield.


JP Morgan selling India-focused realty funds to Apollo Global: Report

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Apollo will take control of JP Morgan India Property Fund and JP Morgan India Property Fund II as part of the deal.


Allianz Real Estate plans to up new economy, logistics investments in China

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The property investment arm of Germany’s Allianz SE expects China to account for up to 50 percent of its Asia-Pacific fund allocation going forward from 40 percent now.


Uncertainty looms over Chinese property developers’ India investment plans

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Property consultants said the inability to find large projects and challenges of dealing with local bodies have delayed their plans. Besides, the Chinese government recently curbed outbound investments in sectors like real estate.


Indiabulls sells commercial assets in Chennai to Blackstone for $124m

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The company’s move is aimed at strengthening on-going businesses in its core markets. 


Hong Kong sees single parking space fetch a record $765k in sale

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The average parking space now goes for about HK$2.25 million, a more than sixfold increase since 2006. That makes the city’s housing market, the world’s least affordable, look tame by comparison.


Foreign investors flock to Vietnam’s real estate market chasing higher returns

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Vietnam’s real estate market has attracted foreign capital to the tune of $5.54 billion, accounting for 27.3 per cent of total FDI poured into the country in the first half of the year.


Warburg Pincus-backed ESR expands in Australia with property firm’s acquisition

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ESR also announced the appointment of Philip Pearce as its CEO in Australia.


Korean pension fund emerges as frontrunner for Goldman’s new London HQ

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Korea’s National Pension Service is reportedly seeking to buy the building for more than $1.4 billion, ahead of bidders including Hong Kong’s CK Asset Holdings and Pontegadea Inversiones SL, the property company owned by billionaire Amancio Ortega.