…Vietnamese are digital consumers, spending approximately seven hours a day online,” Yang said. “These factors and trends have made online shopping more accessible to a larger portion of the population and is driving demand for more efficient and more modern logistic warehouses in the country.” Yang set up SLP together with co-founder Chih Cheung, a board member of Hong Kong consumer goods firm Li & Fung and venture capitalist. Li & Fung delisted f…
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Singapore’s Fortuna Hotel Put Up for Sale at S$98.8M and More Asia Real Estate Headlines
…e 99-year leasehold plot is zoned residential with commercial on the first storey and spans 8,733 sq m. Read more>> Lohas Park Project’s Massive Scale to Limit Potential Bidders More than half of the companies that had shown an interest in bidding for the last parcel of land in Hong Kong’s largest residential enclave are expected to stay away, as developers weigh the project’s heavy investment outlay against the city’s weak economy. Industry obser…
MTD TV Panel: Vietnam Logistics Real Estate Gains Favour With Investors in 2020 APAC Logistics Forum 2020
…been a very strong push towards digital purchases and a greater amount of online activity for retail sales, which is driving faster deployment of capital in these emerging markets into warehouse and logistics properties.” Stuart Ross of JLL With an e-commerce sector that is growing at more than 40 percent annually, according to a report released by Bain & Co, Google and Temasek in October last year, making it one of the fastest growing regions. T…
Mingtiandi Proptech Survey 2020 to Begin Next Week
…asking how their use of technology has changed since the 2017 survey. The online poll will examine adoption of technology by owners and operators of office, retail, industrial and residential assets, and ask what factors are driving – or impeding – use of online or Internet-enabled management systems as property investors strive for certainty in uncertain times. Report and Event to Explore Tech Wave The results of the survey will be analysed and…
KKR Sells Coupang Warehouse Near Seoul to Korea’s IGIS for Over $366M
…isclosed price. In 2022, the two companies worked together to acquire a 30-storey tower in Seoul’s Yeouido district from local finance giant Shinhan Investment Corporation for KRW 639.5 billion In 2018 the duo teamed up with Korea’s National Pension Service to acquire a KRW 2.1 trillion mixed-use project in Seoul’s Gangnam district. More recently, the US firm, which had $553 billion in assets under management globally as of the end of 2023, joined…
Hong Kong’s Gaw Capital Raising US$500 Mil to Invest in US Real Estate – and more of Today’s China Real Estate Links | September 5, 2013
…ant DTZ in Greater China. “About 10 per cent of the business done in their stores has been taken over by online shopping.” SouFun Continues Climb On JPMorgan Initiation China online real estate company SouFun Holdings (SFUN) stock was up 10% in midday trading Tuesday, at an all-time high, building on Friday’s gains after JPMorgan analysts initiated coverage with a rating of overweight, or buy. SouFun stock was trading near 46 midday in the stock m…
JLL Says China Ecommerce Will Lead to the Decline of Low End Malls
…f the mass market, with many lower-end malls expected to lose customers to online shopping. Meanwhile, the e-commerce market’s structural reorientation towards business-to-consumer (B2C) platforms makes the logistics sector the most attractive real estate opportunity in China. The report identifies several major trends in China’s real estate market caused by the shift to online purchasing: The rise of e-commerce will hasten the decline of the mass…
Pandemic Boosts Appeal of Logistics Assets Amid E-commerce Boom: ESR’s Perlman
…they’re probably going to continue using e-commerce.” The rapid growth in online consumption will have a huge impact on logistics developers as e-commerce companies typically require three times more warehouse space than bricks and mortar retailers, Perlman said. Boom in Grocery, Meal Deliveries Besides online fashion retailers, demand for warehouses is being fueled by grocers, pharmaceutical companies and food delivery firms as consumers hauled…
Mingtiandi APAC Logistics Series Kicks Off on Tuesday MTD TV Productions
…Foster Data Centre, Proptech Conversations All three sessions will provide attendees with the opportunity to join the discussion through MTD TV’s live chat network and to ask questions of the panelists through an online Q&A interface. We look forward to having you join us, and stay tuned for further online video discussion series on data centres, proptech, office investments and retail strategies, all on MTD TV….
Mingtiandi Report Reveals COVID-Led Rise in Proptech Adoption Sponsored Feature
…opted digital signature systems for documents (17 percent) and VR or other online systems to enable remote sales (11 percent). With regard to which tech tools or practices had the biggest impact on their business during the crisis, most respondents cited video conferencing (63 percent). Others credited communication apps like WeChat, WhatsApp, Slack and Microsoft Teams (28 percent) or online productivity suites (10 percent). The survey was sent by…
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