Philippines to lead ASEAN real estate market growth

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The Philippines is expected to lead the Association of Southeast Asian Nations (ASEAN) real estate markets in terms of growth and development. The island nation was able to sustain momentum in the real estate sector in Q1 2015, according to property consultancy CBRE Philippines, in a report on the Metro Manila market…. Read more »

Vietnam’s Muong Thanh Group acquires hotel and tourism firm Phuong Dong

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Muong Thanh Group, Vietnam’s largest private hotel operator, is expanding operation in the country by purchasing a 43 per cent equity stake in Phuong Dong Petroleum Tourism JSC, the owner of the Phuong Dong Hotel. Le Thanh Than, chairman of Muong Thanh, and his son-in-law, have acquired 39 per cent… Read more »


Vietnam’s Fecon allies with UAE investment fund for infrastructure development

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Fecon Foundation Engineering and Underground Construction and the United Arab Emirates based fund Vault Investment have forged a strategic partnership that may lead to a spate of joint  investments in the Vietnamese infrastructure and real estate market, Fecon announced on its website. Vault is the investment fund arm of Nakheel, which… Read more »


Three Singapore real estate agencies to merge

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Three real estate agencies in Singapore – Global Property Strategic Alliance (GPS Alliance), MORE Property and Trillion Property – are working towards merging their businesses, and this has attracted interest from three other agencies who are also looking at the possibilities of joining the fray. If successful, the combined entity… Read more »


Temasek-owned Fullerton India to establish home finance arm

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Singapore-state fund Temasek-owned Fullerton India Credit Co. Ltd, a non-banking financial company is planning to establish a home finance company in India, a report said. Buoyed by recent success in retail lending, Fullerton aims at granting loans to people in the affordable housing segment, according to a report in Indian publication Mint, which quoted… Read more »


A-REIT divests BBR Building at Changi for S$13.9m

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Ascendas Real Estate Investment Trust (A-REIT) said that it will be selling the 17-year-old BBR Building at Changi (Singapore) for S$13.9 million. The sale price is more than double the original purchase price S$6.8 million in 2005. A-REIT’s manager, Ascendas Funds Management, in a regulatory disclosure said that  HSBC Institutional… Read more »


Keppel DC to acquire Intellicentre 2 for $45.2m

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Keppel DC REIT has agreed to acquire the Intellicentre 2 (IC2) data centre in Sydney for $45.2 million from Macquarie Telecom. Upon acquisition, Macquarie Telecom will enter into a lease agreement with Keppel DC REIT for an initial term of 20 years, with an option to renew for two further terms of five… Read more »


SG Realty Dealbook: AVJennings acquires Victoria project ; Amplefield’s Vietnam unit forms JV for Ho Chi Minh project

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Two Singapore listed realty-linked firms announced Tuesday that they had secured projects abroad. AVJennings has acquired the Waterline Place project in Williamstown, Victoria, Australia, while Amplefield said its partly owned unit had formed a joint venture for building and developing landed properties, villas, shop‐houses and affordable apartments in Ho Chi Minh City, Vietnam. AVJennings to acquire… Read more »


Thailand’s Impact Growth REIT to acquire four assets next year

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IMPACT Growth Real Estate Investment Trust (Impact Growth REIT) has postponed its plan to buy four more assets worth around 3 billion baht ($90.9 million), to next year. Previously, it had planned to transfer the assets – Novotel Bangkok Impact Hotel, an indoor parking, Geneva Industry Condominium and Beehive Lifestyle Mall –… Read more »


Mapletree Logistics buys warehoues in South Korea & Vietnam for S$42.2m

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Singapore listed Mapletree Logistics Trust Management Ltd (MLT) Monday announced that it had acquired a warehouse each in Vietnam and South Korea for a total of S$42.2 million. The company, in its regulatory filing, said it had acquired a warehouse in Vietnam – Mapletree Logistics Park Bac Ninh Phase –… Read more »