{"id":359588,"date":"2023-09-25T10:00:14","date_gmt":"2023-09-25T02:00:14","guid":{"rendered":"https:\/\/www.mingtiandi.com\/?p=359588"},"modified":"2023-09-25T19:45:53","modified_gmt":"2023-09-25T11:45:53","slug":"roundup-macquarie-backed-airtrunk-mulls-6-4b-ipo","status":"publish","type":"post","link":"https:\/\/www.mingtiandi.com\/real-estate\/crelist\/data-centre-firm-airtrunk-mulls-ipo-at-64b-and-more-asia-real-estate-headlines\/","title":{"rendered":"Macquarie-Backed AirTrunk Mulls $6.4B IPO and More Asia Real Estate Headlines"},"content":{"rendered":"<div id=\"attachment_359589\" style=\"width: 790px\" class=\"wp-caption alignnone\"><img decoding=\"async\" aria-describedby=\"caption-attachment-359589\" class=\"wp-image-359589 size-full\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/09\/AirTrunk_Australia.jpg\" alt=\"AirTrunk Headquarters in North Sydney, Australia\" width=\"780\" height=\"400\" srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/09\/AirTrunk_Australia.jpg 780w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/09\/AirTrunk_Australia-400x205.jpg 400w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/09\/AirTrunk_Australia-350x180.jpg 350w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/09\/AirTrunk_Australia-640x328.jpg 640w\" sizes=\"(max-width: 780px) 100vw, 780px\" \/><p id=\"caption-attachment-359589\" class=\"wp-caption-text\">AirTrunk Headquarters in North Sydney, Australia<\/p><\/div>\n<p>A Macquarie-backed data centre operator may be headed to a $6.4 billion IPO, with that story leading our roundup of real estate headlines today. Also in the news, Hong Kong\u2019s relaxed mortgage policies are expected to have little effect on the market and some of the city\u2019s richest people are facing more challenging borrowing conditions.<\/p>\n<p style=\"text-align: center;\"><a data-no-instant=\"1\" href=\"https:\/\/ad.doubleclick.net\/ddm\/trackclk\/N6563.3378992MINGTIANDI\/B30546704.375324595;dc_trk_aid=566156183;dc_trk_cid=192150727;dc_lat=;dc_rdid=;tag_for_child_directed_treatment=;tfua=;ltd=;dc_tdv=1\" rel=\"noopener\" class=\"adv-link\" target=\"_blank\" aria-label=\"Copy of APAC_EN_Capabilities_Static_StandoutAPAC_780x250_Real Estate\"><img decoding=\"async\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/10\/Copy-of-APAC_EN_Capabilities_Static_StandoutAPAC_780x250_Real-Estate.jpg\" alt=\"\"  srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/10\/Copy-of-APAC_EN_Capabilities_Static_StandoutAPAC_780x250_Real-Estate.jpg 780w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/10\/Copy-of-APAC_EN_Capabilities_Static_StandoutAPAC_780x250_Real-Estate-400x128.jpg 400w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/10\/Copy-of-APAC_EN_Capabilities_Static_StandoutAPAC_780x250_Real-Estate-640x205.jpg 640w\" sizes=\"(max-width: 780px) 100vw, 780px\" width=\"780\" height=\"250\"   \/><\/a><script language='JavaScript1.1' src=\"https:\/\/ad.doubleclick.net\/ddm\/trackimpj\/N6563.3378992MINGTIANDI\/B30546704.375324595;dc_trk_aid=566156183;dc_trk_cid=192150727;ord=+ Date.now();dc_lat=;dc_rdid=;tag_for_child_directed_treatment=;tfua=;gdpr=${GDPR};gdpr_consent=${GDPR_CONSENT_755};ltd=;dc_tdv=1?\" attributionsrc ><\/script><\/p>\n<h3><a href=\"https:\/\/www.bnnbloomberg.ca\/data-center-firm-airtrunk-mulls-ipo-at-a-10-billion-value-afr-1.1975614\">Macquarie-Backed Data Centre Firm AirTrunk Mulls $6.4B IPO<\/a><\/h3>\n<p>Data center operator AirTrunk is considering an initial public offering that would give the company an enterprise value of more than A$10 billion ($6.4 billion), the Australian Financial Review reported.<\/p>\n<p>AirTrunk investors Macquarie Asset Management and PSP Investments sent a request for proposals to seven banks earlier this month for a review that will examine an IPO in Australia and options including the sale of a minority stake in the business, according to the newspaper.<strong> <a href=\"https:\/\/www.bnnbloomberg.ca\/data-center-firm-airtrunk-mulls-ipo-at-a-10-billion-value-afr-1.1975614\">Read more&gt;&gt;<\/a><\/strong><\/p>\n<h3><a href=\"https:\/\/www.scmp.com\/news\/hong-kong\/hong-kong-economy\/article\/3235592\/hong-kongs-eased-mortgage-rules-unfinished-homes-will-have-little-impact-property-market-buyers-fret\">Relaxed Mortgage Rules Expected to Have Little Impact in Hong Kong<\/a><\/h3>\n<p>First-time homebuyers will not rush to purchase unfinished flats in Hong Kong despite relaxed mortgage rules, as they remain reluctant to make significant investments when interest rates are high and the economy is weak, analysts have said.<\/p>\n<p>Sammy Po Siu, chief executive of Midland Realty\u2019s residential division for Hong Kong, on Saturday questioned the effectiveness of the measures, aimed at stimulating the property market. \u201cThe relaxation measures have not significantly impacted buyers\u2019 purchasing desires,\u201d he said, pointing to worries over interest rates, stock market weakness and limited economic growth. <strong><a href=\"https:\/\/www.scmp.com\/news\/hong-kong\/hong-kong-economy\/article\/3235592\/hong-kongs-eased-mortgage-rules-unfinished-homes-will-have-little-impact-property-market-buyers-fret\">Read more&gt;&gt;<\/a><\/strong><\/p>\n<h3><a href=\"https:\/\/www.scmp.com\/business\/article\/3235623\/interest-rates-likely-have-peaked-hong-kong-home-prices-will-soon-begin-look-knight-frank-analyst\">Hong Kong Home Prices Could Rebound as Interest Rates Level Off\u00a0<\/a><\/h3>\n<p>Hong Kong will be among the first markets where interest rates are likely to fall next year along with the US, which could potentially boost the city\u2019s property sector, according to analysts.<\/p>\n<p>With inflation in the US, the world\u2019s largest economy, showing signs of cooling down, normalising of interest rates may come earlier than in the UK and the euro zone, said Liam Bailey, global head of research at Knight Frank. Hong Kong\u2019s peg to the US dollar means an automatic adjustment to the city\u2019s interest rates alongside the US. <strong><a href=\"https:\/\/www.scmp.com\/business\/article\/3235623\/interest-rates-likely-have-peaked-hong-kong-home-prices-will-soon-begin-look-knight-frank-analyst\">Read more&gt;&gt;<\/a><\/strong><\/p>\n<h3><a href=\"https:\/\/www.businesstimes.com.sg\/property\/singapore-residential-property-fairly-valued-ubs\">Singapore Residential Property \u2018Fairly Valued\u2019\u00a0<\/a><\/h3>\n<p>Singapore\u2019s private residential property market is now \u201cfairly valued\u201d, after price dynamics slowed in recent quarters, a recent UBS report said.<\/p>\n<p>Real prices have risen by 15 percent since 2018, despite regulatory tightening, while rents have shot up by roughly 40 percent in the same period, UBS said. But with cooling measures kicking in and tighter lending policies in place, home prices increased by only 3 percent in inflation-adjusted terms between mid-2022 and mid-2023. Rents, too, are expected to soften.<strong> <a href=\"https:\/\/www.businesstimes.com.sg\/property\/singapore-residential-property-fairly-valued-ubs\">Read more&gt;&gt;<\/a><\/strong><\/p>\n<p style=\"text-align: center;\"><a data-no-instant=\"1\" href=\"https:\/\/www.mingtiandi.com\/real-estate\/events\/oxford-ivanhoe-kic-savills-on-singapore-india-markets\/\" rel=\"noopener\" class=\"adv-link\" target=\"_blank\" aria-label=\"14 NOVEMBER 2023 conrad centennial Singapore\"><img decoding=\"async\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/11\/14-NOVEMBER-2023-conrad-centennial-Singapore.jpg\" alt=\"\"  srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/11\/14-NOVEMBER-2023-conrad-centennial-Singapore.jpg 780w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/11\/14-NOVEMBER-2023-conrad-centennial-Singapore-400x128.jpg 400w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/11\/14-NOVEMBER-2023-conrad-centennial-Singapore-640x205.jpg 640w\" sizes=\"(max-width: 780px) 100vw, 780px\" width=\"780\" height=\"250\"   \/><\/a><\/p>\n<h3><a href=\"https:\/\/www.scmp.com\/business\/article\/3235616\/crackdown-illegal-structures-set-chill-demand-recovery-hong-kongs-luxury-homes-market-analysts-say\">Hong Kong Crackdown on Illegal Structures Set to Chill Demand<\/a><\/h3>\n<p>A government crackdown on illegal structures in Hong Kong\u2019s luxury homes is giving the high-end property market a chill, adding to financial headwinds that could derail a revival this year from a four-year low, analysts said.<\/p>\n<p>Buying decisions could suffer in the short term, according to Midland Realty, after Typhoon Saola and record rainfall this month wreaked havoc in the city, damaging some luxury residential homes in Tai Tam and Tuen Mun, exposing illegal structures and encroachments on government land. <strong><a href=\"https:\/\/www.scmp.com\/business\/article\/3235616\/crackdown-illegal-structures-set-chill-demand-recovery-hong-kongs-luxury-homes-market-analysts-say\">Read more&gt;&gt;<\/a><\/strong><\/p>\n<h3><a href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2023-09-24\/hong-kong-tycoons-face-more-demands-from-bond-investors#xj4y7vzkg\">Hong Kong Tycoons Facing More Skeptical Bankers<\/a><\/h3>\n<p>The tide is turning for Hong Kong\u2019s tycoon families. All of a sudden, the younger generation has to work a lot harder to convince banks and investors that their money is safe, and their pet projects are savvy.<\/p>\n<p>Among them, Adrian Cheng, a Harvard-educated third-generation heir, and Richard Li, \u201csuperman\u201d Li Ka-shing\u2019s second son, are the most audacious. At New World Development Co., Cheng has been building out his K11-branded commercial projects, betting that those in Hong Kong and wealthy parts of mainland China appreciate and will pay for artistic and innovative designs. Across the street, Li\u2019s insurance business has been expanding into Southeast Asia, with the belief that consumers will want financial protection once they become middle class. Both endeavors have cost billions of dollars, and have been fueled with debt. <strong><a href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2023-09-24\/hong-kong-tycoons-face-more-demands-from-bond-investors#xj4y7vzkg\">Read more&gt;&gt;<\/a><\/strong><\/p>\n<h3><a href=\"https:\/\/www.indrastra.com\/2023\/09\/former-chinese-central-bank-chief.html\">Former Chinese Central Bank Chief Advocates Easing \u2018Hukou\u2019 System<\/a><\/h3>\n<p>In a recent article, former People&#8217;s Bank of China Governor Yi Gang has called upon China&#8217;s leadership to reconsider the strict &#8220;hukou (\u6237\u53e3\u7c3f)&#8221; household registration rules, aiming to facilitate urban migration as the nation grapples with a sluggish property market and seeks to stimulate domestic consumption.<\/p>\n<p>Published on September 19th as part of a national political advisory body&#8217;s discourse, Yi Gang&#8217;s article emphasized the need for policy measures to boost consumption. This included moving forward with urbanization initiatives by reducing bureaucratic obstacles that impede individuals from relocating to different cities for work and residency. <strong><a href=\"https:\/\/www.indrastra.com\/2023\/09\/former-chinese-central-bank-chief.html\">Read more&gt;&gt;<\/a><\/strong><\/p>\n<h3><a href=\"https:\/\/japanpropertycentral.com\/2023\/09\/historic-osaka-office-building-demolished-and-sold-to-developer\/\">Historic Osaka Office Building Demolished, Sold to Developer<\/a><\/h3>\n<p>A landmark heritage building alongside Dojima River in Osaka is under demolition by a local developer. Demolition started in April 2023 with completion expected by late October.<\/p>\n<p>The Meriyasu Kaikan was built in 1929 as an office for the Osaka Knitted Fabric Manufacturing Export Association. It was designed by Hy\u014dz\u014d S\u014d (1864-1944), who also designed Namba Bridge in 1915, and the Ikoma Building in 1930. A second and third floor was added to the western side in 1937, and a fourth floor added after WWII. After the dissolution of the association, the property was operated as a tenant office building. <strong><a href=\"https:\/\/japanpropertycentral.com\/2023\/09\/historic-osaka-office-building-demolished-and-sold-to-developer\/\">Read more&gt;&gt;<\/a><\/strong><\/p>\n<p style=\"text-align: center;\"><div style=\"margin-left: auto; margin-right: auto; text-align: center; \" id=\"mingt-688094519\"><a data-no-instant=\"1\" href=\"https:\/\/www.yardi.asia\/Resource\/?resource=Technology+Transformation+in+Asian+Real+Estate+%28White+Paper%29&#038;utm_source=mingtiandi&#038;utm_medium=website&#038;utm_campaign=wp23ttare\" rel=\"noopener\" class=\"adv-link\" target=\"_blank\" aria-label=\"Yardi &#8211; Asia Proptech Report 2023 v5_250\"><img decoding=\"async\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/11\/Yardi-Asia-Proptech-Report-2023-v5_250.gif\" alt=\"\"  width=\"780\" height=\"250\"  style=\"display: inline-block;\" \/><\/a><\/div><\/p>\n<p>Tune in again soon for more real estate news and be sure to follow\u00a0<a href=\"https:\/\/twitter.com\/mingtiandi\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">@Mingtiandi<\/a>\u00a0on X, or bookmark\u00a0<a href=\"https:\/\/www.linkedin.com\/company\/mingtiandi\/\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">Mingtiandi\u2019s LinkedIn page<\/a>\u00a0for headlines as they happen.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Macquarie-backed data centre operator may be headed to a $6.4 billion IPO, with that story leading our roundup of real estate headlines today. Also in the news, Hong Kong\u2019s relaxed mortgage policies are expected to have little effect on&#8230;&nbsp;<a href=\"https:\/\/www.mingtiandi.com\/real-estate\/crelist\/data-centre-firm-airtrunk-mulls-ipo-at-64b-and-more-asia-real-estate-headlines\/\">Read&nbsp;More>><\/a><\/p>\n","protected":false},"author":17894,"featured_media":359590,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[4848],"tags":[7681,6441,694,778,9113,5577,6007,8714,5391],"ppma_author":[9263],"authors":[{"term_id":9263,"user_id":17894,"is_guest":0,"slug":"ponrath-sopannarath","display_name":"Ponrath Sopannarath","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/db43db4f00bd2933afda3e6578120ae9?s=96&d=mm&r=g","user_url":"","last_name":"Sopannarath","first_name":"Ponrath","description":""}],"_links":{"self":[{"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/posts\/359588"}],"collection":[{"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/users\/17894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/comments?post=359588"}],"version-history":[{"count":0,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/posts\/359588\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/media\/359590"}],"wp:attachment":[{"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/media?parent=359588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/categories?post=359588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/tags?post=359588"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/ppma_author?post=359588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}