CapitaLand India Trust is moving forward with a $21.6 million Chennai acquisition now that the pair of warehouses have been completed and leased, with that story leading Mingtiandi’s headline roundup today. Also in the news, Ping An wins a long-term… Read More>>
Carlyle Seeks $4B Exit Deal for McDonald’s China and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, US private equity giant Carlyle Group reportedly seeks a buyer for part of its stake in McDonald’s China, and McKinsey warns on remote work. Also on the list, Guangzhou R&F Properties faces a… Read More>>
Wharf Holdings Warns of Full-Year Loss as Mainland Sales Dry Up
Wharf Holdings is bracing to report a full-year loss for 2022 after a slowdown in the Hong Kong developer’s mainland China business.
The blue-chip builder majority-owned by Peter Woo’s Wheelock and Company may post a loss for the 12 months… Read More>>
Wharf’s Woo Calls for Scrapping HK Travel Curbs and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a billionaire property tycoon urges an end to Hong Kong’s onerous travel restrictions, Singapore’s Lian Beng looks to unload a Joo Chiat commercial property, and SGX-listed Cromwell E-REIT sells some industrial assets.
Wharf Holdings H1 Profit Down 95% as Lockdowns Put Clamps on Activity
Wharf Holdings on Wednesday said its profit attributable to shareholders plunged 95 percent year-on-year to HK$57 million ($7.3 million) in the first half of 2022 as COVID-19 lockdowns in mainland China and Hong Kong caused “severe hardships” to the group’s… Read More>>
Asia Real Estate People in the News 2022-05-16
A former CapitaLand executive’s appointment to the top role at Singapore Press Holdings leads Mingtiandi’s collection of personnel changes from around Asia this week, as we also see a round of board-level changes at Hong Kong’s Wharf Holdings and NWS… Read More>>
Hong Kong Real Estate Tycoons Dominate Forbes Top 10 in 2021
Six property multibillionaires among the richest Hong Kongers remain unfazed by pandemic headwinds, with their $142.2 billion in cumulative wealth accounting for as much as 72 percent of the total fortunes of the city’s top 10, according to Forbes’ latest… Read More>>
Wharf Reports 7% Rise in Underlying Profit Yet Warns of Fragile Recovery
Wharf Holdings on Wednesday reported a 7 percent rise in its 2021 underlying net profit to HK$3.65 billion (now $470 million), but the Hong Kong developer cited lingering COVID-19 troubles and the war in Ukraine as it gave a downbeat… Read More>>
Ikea Branches Out Into Housing With New China Centre and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, retail giant Ikea has gone from selling furniture for your new apartment to selling you a home too as the Swedish firm launches residential sales at a mixed-use project in the capital of… Read More>>
Asia Real Estate People in the News 2021-07-05
Asia’s real estate community has moved into the second half of 2021 with a flurry of personnel moves as a rebound in transactions sees developers and service providers eager to hire back some of the headcount lost during the pandemic.
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