KUALA LUMPUR: Isetan Mitsukoshi Holdings Ltd and Nomura Real Estate Development Co Ltd recently held a grand opening ceremony for Mitsukoshi BGC, a commercial facility, in Manila, the Philippines. The first commercial facility operated by the Isetan Mitsukoshi Group in the Philippines, is part of a large-scale, mixed-use residential and commercial development project being pursued...
Read morePETALING JAYA (Sept 3): S P Setia has acquired “a prime land site” in Sydney, New South Wales recently, representing its “maiden foray into this state”. In a media release yesterday, the site located at 20 Atchison Street in St Leonards is “nestled in the dynamic landscape of Sydney’s North Shore”, stated S P Setia. “This...
Read moreSYDNEY: Australian real estate firm Dexus said on Friday it had sold an office building in downtown Sydney, with the buyer receiving a 16 per cent discount on a 2022 valuation as higher interest rates and home working crunch prices for office space. Reuters reported on Wednesday that the company, one of Australia’s largest landlords,...
Read moreKUALA LUMPUR (Aug 17): Plenitude Bhd, which owns 10 hospitality assets, is acquiring its second hotel in South Korea for 32 billion won (RM114.3 million), in a bid to expand its footprint there. The company said its first hotel in that country, Travelodge Myeongdong Euljiro, has been registering an occupancy rate of above 80% and...
Read moreUEM Sunrise Berhad has announced that it has acquired its first residential development site in Subiaco East in Perth, Western Australia for AUD$ 22.185 million and will deliver two landmark apartment buildings. The developer purchased Lots 1 and 2 of The Oval precincts at Subiaco East from DevelopmentWA as part of the state’s most significant...
Read moreBEIJING- China’s housing ministry has announced plans to make it easier for people to buy property. The news, out late Thursday, indicates how different levels of government are starting to act just days after Beijing signaled a shift away from its crackdown on real estate speculation. The planned measures include easing purchase restrictions for people...
Read moreGamuda Berhad has announced that its property arm, Gamuda Land is to acquire 100% equity interest in Tam Luc Real Estate Corporation for RM1.47 billion which solely owns a Vietnam project that is a shovel-ready mixed-use high-rise project site with all requisite planning approvals obtained that is ready for immediate development. The Project Land is...
Read moreSINGAPORE (EDGEPROP) – Construction at The Linq @ Beauty World has reached the 16th floor, says Andrew Tan, CEO of Singapore-listed construction and engineering firm BBR Holdings. The firm is the developer of the 20-storey The Linq, a freehold, mixed-use development with 120 residential units sitting on top of a two-storey retail podium. BBR Holdings is aiming...
Read moreSINGAPORE (EDGEPROP) – Hongkongers’ spending power in terms of homebuying has shrunk dramatically since 1997. After a significant trough in the years after the handover, home prices have climbed to new peak levels over the last decade while riding a 13-year rise, pricing many buyers out of the market and squeezing people who can afford...
Read moreHome for sale. To become the proud owner, simply make a quick offer, and outbid all interested buyers by US$100,000. In the red-hot US housing market, homebuyers are facing sticker-shock as prices have soared, and now they also have been hit with a surge in borrowing rates. “I’ve visited approximately 150 houses since 2019,” frustrated...
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