Suchad Chiaranussati, founder and chairman of SC Capital Partners
The benefits of Japan’s tourism boom lead today’s collection of real estate headlines from around the region, as the country’s largest hotel REIT reports some healthy returns. Also in the news, Richard Li’s FWD Insurance will hang its name on a Swire Properties office tower and a Hong Kong tycoon is selling off his wine collection after his company defaulted on loans.
Japan Hotel REIT Says Net Income Jumped 72% in First Six Months of 2025
Japan Hotel REIT declared its mid-year financial results this week, with the Tokyo-listed trust notching JPY 12.7 billion ($86.4 million) in net income for the six months to the end of June. The total represents a 71.7 percent increase on the same period last year, fuelled by a 49.6 percent jump in revenue.
In a statement to the stock exchange, Japan Hotel REIT, which is managed by a unit of Singapore’s SC Capital Partners, said it aims to increase sales in its accommodation business with the expectation that both domestic and international visitor demand will continue to climb. Read more>>
Richard Li’s FWD Insurance Expands Taikoo Place Presence, Takes Naming Rights on Swire Tower
Swire Properties and FWD Hong Kong announced earlier this week that the insurer has expanded its presence in Devon House, an office block in the developer’s Taikoo Place project, to 330,000 square feet (30,658 square metres).
The expansion comes as FWD, an insurer led by Richard Li, the younger son of tycoon Li Ka-shing, renews its lease in the 803,000 square foot property after first occupying the building in 2014. FWD listed on the Hong Kong stock exchange last month in a HK$3.61 billion ($466 milliion) initial public offering. Read more>>
Cash-Strapped Hong Kong Tycoon Hawking $1.3M Wine Collection for Auction
Hong Kong property tycoon Albert Yeung is selling a wine collection valued at more than HK$10 million ($1.3 million) in a public auction.
The 82-year-old chairman of Emperor Group is offering 426 bottles of fine wine at Sotheby’s on 10 September, according to the auction house’s website. The collection, titled “The Majestic Cellar of Dr Albert Yeung”, includes selections from Domaine de la Romanee-Conti, Petrus and Chateau Palmer. Read more>>
Perennial Debuts First Singapore Assisted Living Facility at $6,934 Per Month
The senior living market in Singapore stepped up a notch this week, with the launch of healthcare and real estate group Perennial Holdings’ assisted-living pilot project at monthly rates starting from S$8,900 ($6,934).
Perennial Living, which is Singapore’s first private assisted-living development, blends “luxury living and five-star hospitality services with comprehensive care”, the company said. Perennial has invested S$260 million in land and construction costs for the project, which has 200 fully furnished apartments, a nursing home with 100 beds, as well as a rehabilitation and wellness centre. Amenities include a swimming pool, a karaoke lounge and a movie theatre. Read more>>
Singapore’s GuocoLand Posts 48% Drop in Net Profit
Property developer GuocoLand posted a 48 percent year-on-year drop in net profit to S$32.4 million ($25.2 million) for the six months to the end of June.
The result comes despite a 20.3 percent increase in revenue to S$906.3 million for the mainboard-listed company’s second-half period, as losses in China offset growth in Singapore. Read more>>
Vincent Lo’s Shui On Land Says Net Income Fell 29% in H1
Hong Kong-listed developer Shui On Land said Thursday that its first-half net income fell 29 percent year-on-year as the mainland real estate market remained challenged, though it added that Shanghai’s luxury market was resilient.
In a filing with the Hong Kong stock exchange, the company said its profit attributable to shareholders fell to RMB 51 million ($7.1 million) from RMB 72 million a year earlier, as the mainland market was affected by trade tensions, geopolitical uncertainty and subdued consumer confidence. Revenue was RMB 2.07 billion in the first half. Read more>>
Foreign Acquisitions of Japanese Real Estate Hit H1 Record $7.8B
Acquisitions of Japanese properties by foreign investors climbed to a first-half record in 2025, with other big sales in the works as analysts expect rents to keep rising amid continuing inflation.
January-June real estate purchases by foreigners came to JPY 1.14 trillion ($7.76 billion) — the most for a first half in CBRE Japan data going back to 2005. Office buildings accounted for more than 40 percent. Read more>>
Shangri-La Hotels Declares 39% Profit Dip in H1
Hotel group Shangri-La Asia posted a net profit of $57.9 million for the first half to the end of June, down 38.7 percent from the year-ago period.
Revenue climbed 0.7 percent to $1.06 billion, driven by higher revenue from the group’s investment properties but partly offset by lower revenue from the hotel properties segment on a year-on-year basis. Read more>>
Indian Data Centre Operator Techno Digital Open 36MW Chennai Facility
Developer Techno Digital has opened a 36-megawatt data centre in the southern India city of Chennai, just three months after being launched as a division of infrastructure firm Techno Electric.
The company’s TD-1 project is in Chennai’s Sipcot IT Park, with Techno Digital also planning a 20MW facility in Kolkata and a third data centre in Noida, near Delhi. Read more>>
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