{"id":30849,"date":"2016-10-20T15:36:54","date_gmt":"2016-10-20T08:36:54","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-cdl-to-invest-in-luxury-tokyo-condo\/"},"modified":"2016-10-20T18:19:46","modified_gmt":"2016-10-20T11:19:46","slug":"singapores-cdl-to-invest-in-luxury-tokyo-condo","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-cdl-to-invest-in-luxury-tokyo-condo\/","title":{"rendered":"Singapore\u2019s CDL to invest in luxury Tokyo condo"},"content":{"rendered":"


\nTaking a slice of land-scarce Japan
\nAoyama, Tokyo. hedgehog111 \/ Shutterstock.com
\nSingaporean property behemoth City Developments (CDL) revealed Tuesday plans to buy a 20 percent stake in a 163-unit condominium project in Tokyo.
\nThe project, being developed by Mitsui Fudosan Residential, which partnered with City Developments before for its Singaporean projects, has a total development value of JPY50 billion (USD482 million). Called Park Court Aoyama The Tower, the condominium building will rise 26 storeys above Tokyo\u2019s trendy Aoyama area upon its completion in 2018.
\nThe project is located in Minato ward, a populous business district in the Japanese capital.
\nMore: Tokyo Rising
\n\u201cThis investment is in line with CDL\u2019s diversification strategy to accelerate our overseas expansion,\u201d City Developments\u2019 deputy CEO\u00a0Sherman Kwek said in a news release. \u201cJapan\u2019s real estate sector, in particular within Tokyo, is experiencing a strong boom in its residential market with robust demand for well-located condominiums in the central five wards. In land-scarce Tokyo, this is a rare opportunity to participate in a prime freehold residential development.\u201d
\nPrime rents in Tokyo are growing the fastest in Asia, with a 9 percent year-on-year growth in the second quarter, Knight Frank recently revealed in its Prime Global Rental Index.
\nCity Developments\u2019 other investments in Tokyo\u00a0include two housing projects and three hotels valued at JPY50 billion. These include Millennium Mitsui Garden Hotel Tokyo, a joint venture between Mitsui Fudosan and City Developments\u2019 parent company Hong Leong Group, and a luxury residential development on the 16,800-square-metre plot that once belonged to Seiko founder Kintar\u014d Hattori.
\nRead next: Japan leads Asia in environmental sustainability transparency
\n
\nSource : property-report.com
\nRead more…Singapore\u2019s CDL to invest in luxury Tokyo condo<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Taking a slice of land-scarce Japan Aoyama, Tokyo. hedgehog111 \/ Shutterstock.com Singaporean property behemoth City...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-30849","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-81z","jetpack-related-posts":[{"id":100554,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/londons-former-stock-exchange-tower-sold-to-singaporean-group-for-385m\/","url_meta":{"origin":30849,"position":0},"title":"London's former Stock Exchange Tower sold to Singaporean group for \u00a3385m","date":"October 26, 2018","format":false,"excerpt":"\r Uncertainties over Brexit give CDL \u2018opportunities to acquire assets with deep value\u2019The former Stock Exchange Tower in London\u2019s Square Mile has been sold for \u00a3385m to a Singaporean group that said it took advantage of Brexit uncertainty to strike the deal.The Singapore-listed City Developments Ltd, which is chaired by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113799,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singtel-capitaland-and-cdl-included-in-global-100-list\/","url_meta":{"origin":30849,"position":1},"title":"Singtel, CapitaLand and CDL included in Global 100 list","date":"January 22, 2020","format":false,"excerpt":"\r Singtel, CapitaLand and City Developments (CDL) placed 95th, 63rd and 36th respectively in the list. Three Singaporean companies have been included in Corporate Knights\u2019 list of the world\u2019s 100 most sustainable big corporations for 2020, reported The Business Times. Singtel, CapitaLand and City Developments (CDL) placed 95th, 63rd and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":53665,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-awarded-tampines-condo-site\/","url_meta":{"origin":30849,"position":2},"title":"CDL awarded Tampines condo site","date":"May 4, 2017","format":false,"excerpt":"\r The 99-year leasehold site is located close to the future Tampines West MRT station. Image source: URA Bellevue Properties, a unit of City Developments Limited (CDL), beat eight other bidders to win the tender for a residential site at Tampines Avenue 10 (Parcel C), the Urban Redevelopment Authority said\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/05\/Tampines-Avenue-10.jpg?fit=795%2C295&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":123490,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-unit-to-acquire-upper-bukit-timah-site-for-126-3mil\/","url_meta":{"origin":30849,"position":3},"title":"CDL unit to acquire Upper Bukit Timah site for $126.3mil","date":"November 29, 2021","format":false,"excerpt":"\r The two adjoining sites are located at 798 and 800 Upper Bukit Timah Road and have an area of 16,620 sq m (178,900 sq ft). Source:\u00a0Google\u00a0Maps CDL Aries, a unit of City Developments Limited (CDL), has been granted a call option to acquire two adjoining sites at 798 and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/11\/upper-bukit-timah.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":94523,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-may-cut-unit-prices-by-5-10-rhb\/","url_meta":{"origin":30849,"position":4},"title":"CDL may cut unit prices by 5-10%: RHB","date":"July 24, 2018","format":false,"excerpt":"\r Launch crowd at The Tapestry showflat. (Photo: CDL) City Developments Limited (CDL) is expected to be negatively affected by the government\u2019s latest property cooling measures given its market position, according to RHBInvest analyst Vijay Natarajan. For instance, the Singapore-listed property developer has among the biggest unsold residential inventory in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":82847,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-to-launch-861-unit-tampines-condo-next-weekend\/","url_meta":{"origin":30849,"position":5},"title":"CDL to launch 861-unit Tampines condo next weekend","date":"March 16, 2018","format":false,"excerpt":"\r Artist\u2019s impression of The Tapestry, a new project in Tampines. Source: CDL Property developer City Developments Limited (CDL) is set to launch The Tapestry along Tampines Street 86 next Saturday (24 Mar). 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