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Retail Asia04/02/2016

Your home is more than just where you live, it’s an investment – especially in a city with a University like Depok. Just as with any other investment, when you go to sell, you want to make sure you are getting the best return that you can. This can be difficult, especially in a tough […]

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Retail Asia04/02/2016

You’ve reached a point in your life where you are now thinking about buying a property that you can live in well into the conceivable future. After a few days of internal debate, you believe that a townhouse in the city would be an adequate purchase since you don’t really need a lot of space […]

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Retail Asia03/02/2016

The consortium comprising Lendlease and Abu Dhabi Investment Authority (ADIA) that last year bagged a plum site in Paya Lebar Central, has obtained provisional permission from Singapore’s planning authority to build a project that will comprise offices, retail space as well as 429 apartments. Going by market talk, the apartments are expected to be launched […]

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Retail Asia02/02/2016

More retail space is available in the city, with a slight dip in prices and a decrease in rental costs. Singapore retail vacancy rates rose to 7.2 per cent at the end of the fourth quarter last year from 7 per cent at the end of the third quarter, according to the Singapore Urban Redevelopment […]

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Retail Asia01/02/2016

Lotte Duty Free’s $3bn 555m World Tower duty free store in Seoul has won three globally recognised and prestigious design awards for the first time in the Korean duty free business. Besides winning the ‘2015 Good Design Awards’ in the Environments category, the retailer also swept the board with three world-class prestigious design awards in […]

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Retail Asia01/02/2016

The company of former president BJ Habibie, who ruled Indonesia from 1998-1999, is set to built luxury apartments worth a total of US$1 billion (S$1.42 billion) in Batam. The project, which features 11 towers of apartments, offices, hotel rooms and a hospital on a nine-hectare plot of land, aims to attract buyers from Indonesia’s neighboring […]

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Retail Asia01/02/2016

About 10 percent of 450 apartments and Small Office Home Office (SOHO) developed by Operational Cooperation (KSO) PT Darmo Permai and PT Waskita Karya in the 88 Avenue Surabaya Project had been purchased by expatriates. KSO Wskita Darmo Permai managing director Kevin Sanjoto said that 65 percent of the 450 units had been sold. About […]

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Retail Asia01/02/2016

Dubai-based real estate master developer Nakheel , creator of some of the world’s most famous landmarks including Palm Jumeirah, is heading east to showcase new projects with construction values of over US$4.6 billion at the Dubai Property Show in Hong Kong this week. Nakheel , whose projects already span more than 15,000 hectares and provide […]

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Retail Asia30/01/2016

Robinsons Land Corp. (RLC) ended 2015 by receiving another accolade for its four-tower residential complex called The Sapphire Bloc developed by Robinsons Residences, a trusted residential development brand under RLC. The Sapphire Bloc represented the Philippines as “Best Condo Development” in the prestigious South East Asia Property Awards 2015. This real estate award-giving body is […]

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Retail Asia29/01/2016

China’s slowing economy has claimed another victim, as Hang Lung Properties reported on Thursday a 56% fall in 2015 net profit from a year ago. The property developer said its net income declined to 5.09 billion Hong Kong dollars ($653 million) for the financial year ended on Dec. 31. Total revenue shrank by 47% to […]

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Retail Asia28/01/2016

How much would you be willing to pay for a stay at a Li Ka-shing hotel? Well, how about just a tad over HK$90? No, we’re not kidding! This is exactly what some mainland tourists are paying this month for a night at a Tsing Yi hotel owned by the Hong Kong billionaire. According to rates […]

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Retail Asia28/01/2016

Keppel Reit has divested its 100% interest in 77 King Street in Sydney, Australia to ARE Noble Pty Ltd, a wholly-owned subsidiary of Invesco Asia Core Fund for A$160 million (S$160 million), resulting in a divestment gain of A$28 million (S$28 million). 77 King Street is located within Sydney’s CBD, and has 147,000 sq ft […]

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Retail Asia28/01/2016

It’s for a shopping center’s addition, alteration works. Soilbuild Construction has nabbed a build and design contract worth about US$9.4m, or $13.4m. According to the company’s media release, as Soilbuild’s second contract in Myanmar, the US$9.4m deal is for the addition and alteration works of St. John Shopping Center in Yangon. It was awarded by […]

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Retail Asia28/01/2016

Mainland China’s influence continues to grow across the four core sectors of the Hong Kong property market, according to the latest research from JLL. Demand for office space is increasingly being underpinned by mainland corporates, while a persistent slowdown in inbound tourism from China has put a large dent in retail sales growth of late. […]

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Retail Asia28/01/2016

Singapore-based investors purchased a record US$26.31 billion (S$37.83 billion) in overseas real estate in 2015, up 49 per cent from US$17.63 billion in 2014, going by preliminary data compiled by real-estate data and analytics firm Real Capital Analytics (RCA) as at Jan 12. The increase reflects Singapore investors’ strategy of targeting the world’s most liquid […]

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Retail Asia27/01/2016

CapitaLand Mall Trust says its portfolio of “necessity malls” has proven resilient to the challenging economic and retail period of the last year. CapitaLand Mall Trust Management (CMTML), the manager of CapitaLand Mall Trust (CMT), has reported a distributable income for 2015 of S$392.0 million, up 4.4 per cent on 2014. Danny Teoh, Chairman of CMTML, […]

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Retail Asia25/01/2016

Pavilion Real Estate Investment Trust’s manager Pavilion REIT Management has agreed to buy the da:men USJ shopping mall from Equine Park Country Resort and Revenue Concept. The RM488 million (US$111.6 million) deal includes the five-storey shopping mall with a lower ground floor of about 420,920 sqft (39,100 sqm) of net lettable area and a two-level […]

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Retail Asia25/01/2016

Nakheel will exhibit a diverse range of new master developments, residential properties and retail and hospitality projects at Dubai Property Show in Hong Kong. Dubai-based real estate master developer Nakheel is heading east to showcase new projects with construction values of over $4.6 billion at the Dubai Property Show in Hong Kong this week. Nakheel, […]

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Retail Asia23/01/2016

Keppel Land’s full year net profit jumped 45% to $701 million from $482 million a year ago. Full year revenue for FY2015 rose 11% to $1.9 billion from $1.7 billion a year ago. The group sold about 4,570 homes, double the units taken up in 2014. About 3,280 of the units sold in FY2015 were in […]

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Retail Asia23/01/2016

Keppel Corp’s property arm Keppel Land has acquired a 22.4% interest in 112 Katong Mall from BHG Holdings, Imagine Properties and Perennial Singapore Investment Holdings for $51.4 million in cash. The remaining 77.6% stake is held by a fund managed by Alpha Investment Partners, Keppel Land’s property fund management vehicle. Perennial Real Estate’s stake in the […]

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