ASCENDAS Hospitality Trust has on June 15 entered into an agreement with ES-CON Japan via Ascendas Hospitality Real Estate Investment Trust (A-HReit) to acquire three hotels in Japan’s Osaka city for a purchase consideration of 10.29 billion Japanese yen (S$126.1 million). The manager of the hospitality trust said that the acquisition of the three hotels – Hotel WBF Kitasemba West, Hotel WBF Kitasemba East and Hotel WBF Honmachi – will deepen its presence in Osaka, Japan’s third-largest city with a population of 2.7 million people. The total acquisition cost is about 11.24 billion yen, comprising the purchase consideration, 102.9 million yen of acquisition fee payable to the Reit manager, and estimated professional fees and other transaction expenses of about 847.1 million yen.

SOILBUILD Group Holdings has won the tender for the collective sale of Kemaman Point, a freehold 89-unit residential development along Balestier Road, with a bid of S$143.88 million …