Minor Hotels has launched its Oaks Hotels, Resorts & Suites brand in Japan with the dual opening of Oaks Vacation Club Kyoto Gojo and Oaks Vacation Club Kyoto Shijo. Located in central Kyoto, the two properties add a combined 47 rooms featuring kitchenette facilities, positioning the Australian-founded brand in its second Asian country alongside nearby historic landmarks and transport networks.
M&G Real Estate has completed the sale of Frontier Shinjuku Tower, a 24-storey mixed-use asset in Tokyo, following a 23% increase in net operating income. Disposed of 15 months ahead of the original investment timeline, the 298-apartment property underwent extensive asset enhancements and sustainability upgrades, securing Japan’s highest green rating, CASBEE S. The sale highlights sustained demand for prime rental housing in central Tokyo.
International tourist arrivals grew by 0.4% in the first half of 2026, reaching 690 million, according to UN Tourism's latest World Tourism Barometer. Initial strong performance in the first quarter gave way to declines caused by Easter calendar shifts, Middle East geopolitical conflict, severe weather and high travel costs. Consequently, full-year growth projections have been lowered to between 1% and 2%.
Central Asian nations and South Korea have established a new industrial cooperation platform following an inaugural ministerial meeting in Seoul. Industry leaders gathered to discuss trade, technical infrastructure, critical minerals and artificial intelligence in manufacturing. The talks produced a joint memorandum on supply chains, along with a bilateral agreement between Uzbekistan and South Korea to set up a dedicated strategic mineral development platform.
ESR-REIT has secured a S$200 million sustainability-linked unsecured revolving credit facility from Oversea-Chinese Banking Corporation Limited. The manager, ESR-REIT Management (S) Limited, announced that trustee Perpetual (Asia) Limited finalised the agreement. The money will support general corporate needs, including debt refinancing and asset upgrades across the group. The two-year agreement strengthens the trust's capital position while aligning its financial operations with clear corporate environmental goals.
Sotheby's International Realty has expanded into Vietnam with the opening of Vietnam Sotheby's International Realty. Based in Ho Chi Minh City, the new launch represents the company's 18th location in Asia. The business will represent high-end housing schemes and individual properties across the country, aiming to connect Vietnamese buyers with international properties while presenting domestic luxury developments to global investors.
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