The world’s most valuable co-working provider launched its WeWork LKF Tower on Tuesday in Hong Kong’s famed nightlife … Read More>>
Featured Stories
Sunac JV Selling Pudong Commercial Project to CIC Insurance Unit for RMB 3.1B
A joint venture invested by Sunac China is selling an under-construction commercial project in Shanghai’s Lujiazui area … Read More>>
AEW JV Buys Beijing Office Tower From Hopson for RMB 4.5B — Exclusive
A joint venture led by real estate investment manager AEW has purchased a 21-storey office tower in Beijing for a total … Read More>>
Sponsored Features
Foreign Investment Pushes into India’s Nascent Multifamily Sector
Foreign investors are pushing into India’s rental housing market, with a big recent deal highlighting the potential for … Read More>>
Design Leaders Descend on Hong Kong for Business of Design Week
In its 16th year, Business of Design Week has cemented itself as Asia’s premier annual event on design, innovation and … Read More>>
The Workspace Revolution, and How It’s Dynamically Changing the Property Industry
Picture an office. You’re probably thinking of linoleum, green walls and a gloomy atmosphere that you need to travel … Read More>>
Breaking News
WeWork Launches Lan Kwai Fong Tower Location in Hong Kong’s Central
The world’s most valuable co-working provider launched its WeWork LKF Tower on Tuesday in Hong Kong’s famed nightlife district, Lan Kwai Fong.
The $42 billion shared space startup’s latest centre is housed in the former Hotel LKF at 33 Wyndham… Read More>>
Sunac JV Selling Pudong Commercial Project to CIC Insurance Unit for RMB 3.1B
A joint venture invested by Sunac China is selling an under-construction commercial project in Shanghai’s Lujiazui area to an insurer controlled by mainland sovereign wealth fund CIC for RMB 3.09 billion ($390 million), according to an announcement to the Hong… Read More>>
KPF’s Lotte World Tower in Seoul Wins Super Skyscraper Title
The cloud-breaching Lotte World Tower in Seoul has been recognized as the best new skyscraper in the world, beating out Zaha Hadid Architects’ Generali Tower in Milan and 150 North Riverside Plaza in Chicago.
The tapered 555-metre, 123-storey glass and… Read More>>
Singaporean Investor Buys Seoul Hotel for $31M
Singapore-listed Datapulse Technology has announced that it has agreed to purchase the 127-room Hotel Aropa in Seoul for KRW 35 billion ($31 million), becoming the second Singaporean firm within the past month to acquire a Korean hotel, despite fears of… Read More>>
Singapore New Private Home Sales Jump 52% and More Asia Real Estate Headlines
At the top of today’s real estate news, Singapore’s housing market seems to have already absorbed the shock of the latest government tax measures, with buyers returning to showrooms last month following a dearth of new project launches in October…. Read More>>
Asia Real Estate People in the News 12-17-18
Two key executives at major mainland Chinese developers were reported by mainland media to have resigned their jobs recently as the outlook for China’s property market continues to sour, while one notable CEO started his new role at Cushman &… Read More>>
Wanda Looks to Cash In on Red Tourism With $1.74B Communist Party Theme Park
Property conglomerate Wanda Group has announced the signing of an agreement with the municipal government of Yan’an, in the remote reaches of Shaanxi province, to build a Communist Party theme park in the city recognised as the birthplace of China’s communist… Read More>>
China’s State Council Loves Hello Kitty and Her $1.6B Pink Hainan Theme Park
Hello Kitty has officially climbed on board China’s official “reform and opening up” bandwagon, adding an animated Japanese element to the government’s much ballyhooed agenda for advancing socialism with Chinese characteristics.
China’s State Council even held a press conference to… Read More>>
Real Estate Finance
Singaporean Investor Buys Seoul Hotel for $31M
Singapore-listed Datapulse Technology has announced that it has agreed to purchase the 127-room Hotel Aropa in Seoul for KRW 35 billion ($31 million), … Read More>>
HNA Sells Hong Kong Properties at 30% Discount
Distressed mainland conglomerate HNA Group has reportedly taken a big loss on properties it owned in Hong Kong’s Causeway Bay district, selling them … Read More>>
AEW JV Buys Beijing Office Tower From Hopson for RMB 4.5B — Exclusive
A joint venture led by real estate investment manager AEW has purchased a 21-storey office tower in Beijing for a total compensation of RMB 4.5 … Read More>>
Shanghai
Sunac JV Selling Pudong Commercial Project to CIC Insurance Unit for RMB 3.1B
A joint venture invested by Sunac China is selling an under-construction commercial project in Shanghai’s Lujiazui area … Read More>>
Jim Yip Joins JLL as Head of Capital Markets for China
JLL today announced that it has brought on board Jim Yip as the property consultancy’s new head of capital markets for … Read More>>
IKEA Breaks Ground on $1.2B Mall and HQ in Shanghai
Ingka Holding BV, parent of the world’s largest home-furnishings retailer IKEA, has begun development on a $1.2 billion … Read More>>
Singapore
Singaporean Investor Buys Seoul Hotel for $31M
Singapore-listed Datapulse Technology has announced that it has agreed to purchase the 127-room Hotel Aropa in Seoul for … Read More>>
Greenland Group Retreats From Plans for Spire London and More Asia Real Estate News
The unwinding of China’s mega-investors leads the news again today as Shanghai-based Greenland Group decides to give up … Read More>>
Singapore Cuts Supply of Fresh Home Sites by 25% for 2019 1H
A set of five fresh residential sites are confirmed to go up for bidding in the first half of next year under … Read More>>
Projects
Sunac JV Selling Pudong Commercial Project to CIC Insurance Unit for RMB 3.1B
A joint venture invested by Sunac China is selling an under-construction commercial project in Shanghai’s Lujiazui area to an insurer controlled by … Read More>>
Wanda Looks to Cash In on Red Tourism With $1.74B Communist Party Theme Park
Property conglomerate Wanda Group has announced the signing of an agreement with the municipal government of Yan'an, in the remote reaches of Shaanxi … Read More>>
China’s State Council Loves Hello Kitty and Her $1.6B Pink Hainan Theme Park
Hello Kitty has officially climbed on board China’s official “reform and opening up” bandwagon, adding an animated Japanese element to the … Read More>>
Retail
HK’s Causeway Bay Again Home to World’s Priciest Shopping Street
Russell Street in Hong Kong’s Causeway Bay outstripped Fifth Avenue in Manhattan to become the world most expensive retail street for the first time … Read More>>
Mainland Bank Leases Storefront in Central’s Wheelock House at 55% Discount
China’s Bank of Communications appears to be taking advantage of a sustained slide in Hong Kong retail rents to expand its footprint in the city’s … Read More>>
Taubman South Korean Project Takes Gold Award at ICSC Asia Event
The Asian arm of US mall operator Taubman Centers has won recognition for its achievements in the design and development creativity of the Starfield … Read More>>
Asia Outbound
Ascendas Hospitality Trust Buys Second Seoul Hotel for $69M
Ascendas Hospitality Trust continues to expand its presence in Seoul as the manager of the Singapore-listed trust has agreed to purchase its second … Read More>>
Wing Tai Buys Commerzbank’s London HQ for $591M
Wing Tai Properties has entered a 50:50 joint venture with Hong Kong-based Manhattan Garment Holdings to buy a landmark commercial complex in London … Read More>>
Anbang Insurance Said Exploring Sale of C$1B Vancouver Office Complex
China’s scandal-racked Anbang Insurance is reportedly preparing to sell a Vancouver office complex which it purchased for over C$1 billion ($730 … Read More>>
Hong Kong
WeWork Launches Lan Kwai Fong Tower Location in Hong Kong’s Central
The world’s most valuable co-working provider launched its WeWork LKF Tower on Tuesday in Hong Kong’s famed nightlife … Read More>>
SHK’s SUNeVision Wins Hong Kong Data Centre Site for HK$5.4B
SUNeVision Holdings, a subsidiary of property giant Sun Hung Kai Properties, has won the tender for a data centre site … Read More>>
Citi Survey Says 57% of Hong Kongers Expect Home Prices to Drop in 2019
Most Hong Kong homeowners now expect home prices to drop over the next 12 months, a sharp increase over the 29 percent … Read More>>
Co-Working & Flexible Office
WeWork Launches Lan Kwai Fong Tower Location in Hong Kong’s Central
The world’s most valuable co-working provider launched its WeWork LKF Tower on Tuesday in Hong Kong’s famed nightlife … Read More>>
HK Co-Working Operator R One Space Heads to Kowloon East to Open 2nd Centre
Hong Kong’s shared office market grew even more crowded this past week, with local co-working provider R One Space … Read More>>
Two-Thirds of Multinationals Aim to Follow Flexible Office Trend
A survey of senior executives at global corporates has found an increasing willingness to enter into flexible work space … Read More>>
Research & Policy
China Home Price Growth Slows to Under 1% in November
Home prices in China’s largest cities continued to go into lock-down mode in November, according to data released over the weekend, as a months-long … Read More>>
Citi Survey Says 57% of Hong Kongers Expect Home Prices to Drop in 2019
Most Hong Kong homeowners now expect home prices to drop over the next 12 months, a sharp increase over the 29 percent who foresaw a declining market … Read More>>
HK Office Rents to Rise 5% or Less in 2019 as Tenants Cool Expansion Plans
Hong Kong office rents are expected to increase by no more than five percent in 2019, despite record-low vacancies in prime commercial districts, as … Read More>>
Design & Construction
KPF’s Lotte World Tower in Seoul Wins Super Skyscraper Title
The cloud-breaching Lotte World Tower in Seoul has been recognized as the best new skyscraper in the world, beating out Zaha Hadid Architects' … Read More>>
Guizhou Gets on China’s Design Map With World’s Tallest Waterfall Building
A Chinese developer has decided to fit a waterfall outside a new skyscraper in the country’s southwestern province of Guizhou to the amusement of … Read More>>
Benoy to Design COFCO’s 300,000 SQM Suzhou Complex
Architecture firm Benoy has won an international competition to design a 300,000 square metre, mixed-use project in the eastern Chinese city of Suzhou … Read More>>
