Korea’s NH Investment & Securities has taken a step toward acquiring one of Seoul’s largest office projects, after … Read More>>
Featured Stories
Temasek Said in Talks to Buy Majority Stake in WeWork China at $1B Valuation
Singapore’s Temasek Holdings, together with Shanghai-based investment manager Trustbridge Partners, has offered to buy … Read More>>
Sponsored Features
What Smart Contracts Mean for Real Estate Companies
With the growth of block chain and amid rising interest in technology applications for real estate, or “proptech,” more … Read More>>
Four Ways APAC Real Estate Investment Has Changed Since the Global Financial Crisis
It’s been over a decade since the global financial crisis sent shock waves through markets around the world. But its … Read More>>
Breaking News
Korea’s NH Investment Selected as Preferred Bidder for $863M Seoul Tower
Korea’s NH Investment & Securities has taken a step toward acquiring one of Seoul’s largest office projects, after being selected as the preferred bidder for Tower 2 of the city’s Parc 1 complex, according to sources familiar with the project… Read More>>
Temasek Said in Talks to Buy Majority Stake in WeWork China at $1B Valuation
Singapore’s Temasek Holdings, together with Shanghai-based investment manager Trustbridge Partners, has offered to buy up a majority stake in the China operations of troubled flexible office operator Wework, according to a report by Reuters today.
The Singapore government fund and… Read More>>
CapitaLand to Open 7 More Co-Living Spaces and More Asia Real Estate Headlines
Co-living leads Asia’s real estate headlines today as Southeast Asia’s largest developer says it will add seven more properties to its shared living space portfolio. One of China’s biggest borrowers also makes the news after issuing $2 billion in bonds… Read More>>
Warburg Pincus-Backed New Ease in $200M Logistics JV with UK’s Actis
Shanghai-based industrial developer New Ease acquired a new partner today as the company chaired by ESR co-founder Sun Dongping announced a joint venture with fund manager Actis.
Warburg Pincus-backed New Ease, together with the UK emerging markets specialist, plan to… Read More>>
Shimao Property JV Adds 70 Projects to Developer’s Mainland Pipeline
Shimao Property this week announced a new joint venture that will add 70 projects to the Hong Kong-listed developer’s pipeline.
At a press conference on Monday jointly organised with Fuzhou-based Fusheng Group, the two companies announced that they had established… Read More>>
China Home Price Growth Stays on the Slide in December and More Asia Real Estate Headlines
China’s continuously cooling housing market leads Asia’s real estate headlines today with the latest set of government statistics showing that home price growth on the mainland’s largest cities fell to its lowest rate in 17 months. Hong Kong’s current market… Read More>>
Kaisa Group Buys New Territories Site for HK$3.5B to Expand HK Foothold
Kaisa Group Holdings has expanded its foothold in Hong Kong as the Shenzhen-based developer beat out 14 other bids to take home a site in the New Territories, according to an announcement by Hong Kong’s Lands Department late Monday.
The… Read More>>
Hopson Chairman Resigns, Daughter Appointed to Lead Guangzhou Developer
A mainland real estate princess stepped up to queen this week as 31-year-old Chu Kut Yung was named Chairman of Hopson International Development Holdings, according to a stock exchange announcement on Monday.
Chu, whose name in Mandarin is Zhu Jurong,… Read More>>
Real Estate Finance
Korea’s NH Investment Selected as Preferred Bidder for $863M Seoul Tower
Korea’s NH Investment & Securities has taken a step toward acquiring one of Seoul’s largest office projects, after being selected as the preferred … Read More>>
Shimao Property JV Adds 70 Projects to Developer’s Mainland Pipeline
Shimao Property this week announced a new joint venture that will add 70 projects to the Hong Kong-listed developer’s pipeline. At a press … Read More>>
Oyo Hotels Cutting 20% of India Staff, 65,000 Rooms Vanish From Website
Just over seven months ago, India’s Oyo Hotels proclaimed itself the world’s third largest hotel. Now the Softbank-backed startup is cutting headcount … Read More>>
Shanghai
PGIM Appoints New Head of Institutional Business for China
Real estate fund manager PGIM has brought on board veteran finance executive Sun Hao to bolster its operation in … Read More>>
HNA Said to Have Sold Shanghai Office Project to China Cinda
China’s HNA Group has disposed of another of its property assets, according to mainland news reports, with one of the … Read More>>
Shanghai Office Rents Slide as Vacancy Hits Ten Year High
Grade A office rents in Shanghai continued their downward slide in the fourth quarter of 2019 as the citywide vacancy … Read More>>
Singapore
China Home Price Growth Stays on the Slide in December and More Asia Real Estate Headlines
China’s continuously cooling housing market leads Asia’s real estate headlines today with the latest set of government … Read More>>
AXA Wins KRW 130B Korean Commitment to Euro Sheds Fund and More Asia Real Estate Headlines
Warehouses lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a South Korean … Read More>>
ARA Completes Purchase of Singapore’s Robinson Centre for Reported S$340M
ARA Asset Management has announced that it has completed the purchase of Singapore’s Robinson Centre on behalf of one of … Read More>>
Projects
Kaisa Group Buys New Territories Site for HK$3.5B to Expand HK Foothold
Kaisa Group Holdings has expanded its foothold in Hong Kong as the Shenzhen-based developer beat out 14 other bids to take home a site in the New … Read More>>
Hong Kong’s First Group Buys Tsuen Wan Office Site for HK$980M
Hong Kong's once-frenzied commercial property market is flagging as months of political turbulence take a mounting toll on the city's economy. But a … Read More>>
RMB 32B Shanghai Riverside Site Expected to Draw Consortium Bids
A mixed-use site in Shanghai's Xuhui district has been offered for sale with an estimated price tag of more than RMB 30 billion ($4.3 billion), as the … Read More>>
Retail
LV to Close Store in Hong Kong’s Causeway Bay Amid Collapsing Sales
Louis Vuitton is set to become the second major fashion brand to opt not to renew a lease in Hong Kong since the start of the city’s pro-democracy … Read More>>
Warburg Pincus-Backed Retail Platform Buys 5 Indonesian Malls for $123M
A Warburg Pincus-backed retail real estate venture in Indonesia chose the last day of 2019 to announce the year’s largest shopping centre acquisition, … Read More>>
ARA Teams Up with Straits Real Estate and ICBCI to Buy Pudong Mall for RMB 2.4B
ARA Asset Management has made its second investment in mainland China retail in just over six months with the joint acquisition of a shopping mall in … Read More>>
Asia Outbound
CC Land Chairman Agrees to Buy London’s Priciest Home for £210M
Hong Kong billionaires continue to take advantage of the Brexit discount on London property, as the chairman of the developer CC Land has agreed to … Read More>>
SPH Buys Student Digs for £448M as Singapore Zeroes in on UK Universities
Singapore Press Holdings has acquired a portfolio of student housing properties in the UK for £448 million ($583 million), as student digs in the … Read More>>
Singapore’s Oxley Closes Out Dublin Redevelopment Project With €115M Sale
Oxley Holdings has entered into a memorandum of agreement to sell the last of five Dublin office buildings developed by the Singapore company over the … Read More>>
Hong Kong
Kaisa Group Buys New Territories Site for HK$3.5B to Expand HK Foothold
Kaisa Group Holdings has expanded its foothold in Hong Kong as the Shenzhen-based developer beat out 14 other bids to … Read More>>
AXA Wins KRW 130B Korean Commitment to Euro Sheds Fund and More Asia Real Estate Headlines
Warehouses lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a South Korean … Read More>>
India’s Park Hotels Files for INR 10B IPO and More Asia Real Estate Headlines
Luxury hotels lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that an Indian … Read More>>
Co-Working & Flexible Office
Temasek Said in Talks to Buy Majority Stake in WeWork China at $1B Valuation
Singapore’s Temasek Holdings, together with Shanghai-based investment manager Trustbridge Partners, has offered to buy … Read More>>
Credit Suisse, Citigroup, BOA Abandon Ucommune IPO Amid Valuation Questions
It has only been a few days since China’s largest co-working operator officially filed a prospectus for its US IPO, but … Read More>>
Kr Space Surrenders Times Square Location in Final Retreat From Hong Kong
Kr Space has surrendered its lease in Hong Kong’s Times Square, bringing to a close the mainland co-working startup's … Read More>>
Research & Policy
Shenzhen Office Leasing Plunges 70% as New Buildings Surge
China’s southern tech hub of Shenzhen, a leading player in China’s attempt to make the Greater Bay Area a regional economic powerhouse, is about to … Read More>>
Shanghai Office Rents Slide as Vacancy Hits Ten Year High
Grade A office rents in Shanghai continued their downward slide in the fourth quarter of 2019 as the citywide vacancy rate hit 20 percent, according … Read More>>
Office Vacancy in Hong Kong’s Central Surges as Cost Concerns Rise
With Hong Kong poised to see in the new year with the completion of its seventh month of pro-democracy protests, the city’s prime commercial district … Read More>>
Design & Construction
CITIC’s China Zun Opens as Beijing’s Tallest Building
Chinese financial conglomerate CITIC Group has inaugurated Beijing’s tallest skyscraper, formally known as the CITIC Tower, eight years after breaking … Read More>>
KPF Plans to Bridge Hangzhou’s West Lake, Grand Canal with RMB 19B Hang Lung Project
Hong Kong-based developer Hang Lung Properties has teamed up with New York-based architecture firm Kohn Pedersen Fox (KPF) Associates to begin … Read More>>
Shimao Picks AS+GG as Architects for China’s Tallest Building
Developer Shimao Property Holdings has chosen a designer for its planned 700 metre (2,296 foot) tall tower in Shenzhen’s Longgang district, with … Read More>>
