Needing to pay off $29 billion in financial liabilities by June 30th, embattled Chinese conglomerate HNA is seeking … Read More>>
Featured Stories
Chinese Developer Defaults on $364M in Debt One Year After $449M Blackstone Deal
Less than one year after its offshore affiliate paid $449 million to buy a stake in Seaworld from Blackstone, and just … Read More>>
Sponsored Features
Why a European Developer Took to the Streets of China to Build a Successful Shopping Centre
Each year, investors, analysts and consultants devote considerable energy in researching which cities in the region are … Read More>>
Turning Nanjing’s Historic Waterfront into a Social Shopping Hub
The city of Nanjing is undertaking a $2 billion project to rebuild a three-kilometre stretch of riverfront which has … Read More>>
Breaking News
DBS Moves to Kwun Tong as SG Bank Cashes in on Hong Kong’s Red Hot Office Market
Singapore’s biggest bank is following the lead of US competitors Citibank and Goldman Sachs in moving its team out of Hong Kong’s Central district as office rents continue to rise in the core business area. For the Singaporean bank, the… Read More>>
Regus’ Co-Working Brand to Open Flagship Centre Near Singapore’s Orchard Road
As $20 billion co-working startup WeWork expands into Southeast Asia, the company behind the world’s biggest serviced office operator is ramping up its flexible workplace presence in Singapore.
Spaces, the co-working arm of European flexible office giant IWG, which also… Read More>>
Lotte Sells Mainland Stores to Chinese Rival for $230M After Missile Defense Clash
The retail arm of Korean conglomerate Lotte Group has shed the first piece of its hypermarket business in China, following a geopolitical spat that has slashed its sales in the country by 77 percent.
Lotte Shopping will sell one of… Read More>>
CapitaLand Signs Up for East China Business Park and More Asia Real Estate Headlines
Leading today’s roundup, Singapore’s largest property firm CapitaLand may be getting into the business park business in eastern China, after signing agreements to explore building a high-tech park in Ningbo along with a township development in Jiaxing. Another Singaporean giant… Read More>>
Edwin Leong Consolidates Sai Ying Pun Site and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, after snapping up the Butterfly on Waterfront Hotel in Sai Ying Pun, billionaire Edwin Leong’s Tai Hung Fai Enterprise is bidding for more sites on the same block to pave the way for… Read More>>
Faced with Financial Crisis, HNA Launches $1.5B Private Equity Fund
Needing to pay off $29 billion in financial liabilities by June 30th, embattled Chinese conglomerate HNA is seeking investors for a $1.5 billion investment vehicle so that the group can continue the acquisition streak that generated its current debt load,… Read More>>
WeWork to Open Two Centres in Jakarta Amid SE Asia Growth Drive
Global flexible office giant WeWork is ramping up its presence in Southeast Asia with an upcoming debut in Indonesia, potentially followed by Thailand, Malaysia and the Philippines by year-end, the company announced.
The $20 billion New York-based startup will open… Read More>>
JLL Picks up Project and Construction Management Firm JCL in Manila
Global real estate consultancy JLL is boosting its operations in the Philippines by scooping up a Manila-based project and construction management firm with over 40 staff.
JLL has acquired JCL International, which is led by senior partners John Morgan and… Read More>>
Real Estate Finance
DBS Moves to Kwun Tong as SG Bank Cashes in on Hong Kong’s Red Hot Office Market
Singapore’s biggest bank is following the lead of US competitors Citibank and Goldman Sachs in moving its team out of Hong Kong’s Central district as … Read More>>
Faced with Financial Crisis, HNA Launches $1.5B Private Equity Fund
Needing to pay off $29 billion in financial liabilities by June 30th, embattled Chinese conglomerate HNA is seeking investors for a $1.5 billion … Read More>>
JLL Picks up Project and Construction Management Firm JCL in Manila
Global real estate consultancy JLL is boosting its operations in the Philippines by scooping up a Manila-based project and construction management … Read More>>
Shanghai
Lendlease Enters China Senior Housing Market With $302M Shanghai Project
Australia’s largest provider of senior housing is entering the Chinese elder living market for the first time. Aussie … Read More>>
Benoy Wins Design and Masterplanning for AI Park in Shanghai
Global design firm Benoy has won a competition to serve as masterplanner and architect for a 367,000 square metre … Read More>>
Gaw Closes on $798M Purchase of Sky Soho in Shanghai After Teaming Up With Allianz
Hong Kong’s Gaw Capital Partners announced today that a fund under its management had closed on its RMB 5.01 billion … Read More>>
Singapore
Regus’ Co-Working Brand to Open Flagship Centre Near Singapore’s Orchard Road
As $20 billion co-working startup WeWork expands into Southeast Asia, the company behind the world’s biggest serviced … Read More>>
KPF-Led Group Wins Bid to Design Changi Airport Terminal Five in SG
Global architecture firms Kohn Pedersen Fox Associates (KPF) and Heatherwick Studio have won a bid to design the next … Read More>>
CapitaLand Mall Trust Sells SG Mall to Lian Beng JV For $189M
CapitaLand Mall Trust (CMT) has sold the Sembawang Shopping Centre for S$248 million ($189 million), generating a net … Read More>>
Projects
Lendlease Enters China Senior Housing Market With $302M Shanghai Project
Australia’s largest provider of senior housing is entering the Chinese elder living market for the first time. Aussie property developer Lendlease is … Read More>>
JP Morgan to Lease 7 Floors in CapitaLand’s SG Office Tower CapitaSpring
JP Morgan has signed up as the first anchor tenant of CapitaLand's latest skyscraper in downtown Singapore, with the financial services firm agreeing … Read More>>
Swire Tops Out South Island Place Office Tower in Hong Kong’s Wong Chuk Hang
Swire Properties is building a foothold in southern Hong Kong Island, as the blue-chip developer this week celebrated the topping out of South Island … Read More>>
Retail
Lotte Sells Mainland Stores to Chinese Rival for $230M After Missile Defense Clash
The retail arm of Korean conglomerate Lotte Group has shed the first piece of its hypermarket business in China, following a geopolitical spat that … Read More>>
Esprit Bails on HK$2M Per Month Causeway Bay Flagship Store
Hong Kong-listed fashion brand Esprit Holdings will not renew the lease for its flagship store in Causeway Bay, according to local media … Read More>>
CapitaLand Mall Trust Sells SG Mall to Lian Beng JV For $189M
CapitaLand Mall Trust (CMT) has sold the Sembawang Shopping Centre for S$248 million ($189 million), generating a net gain for the Singapore-listed … Read More>>
Asia Outbound
Gaw, Sino-Ocean and Huarong Partner to Buy Chicago’s Soho House for $95M
A room for a night at Soho House Chicago will set you back about $365. Membership in the posh private club at the same address will cost you at least … Read More>>
China’s Outbound Ambitions Not Done Yet as Beijing Builder Eyes $204M London Prize
Beijing Zhaotai Group is poised to make its first foray into the British property market, as the mainland developer is in talks to buy a prime City of … Read More>>
Country Garden Buys $562M East London Housing Project in First UK Foray
Country Garden, China's biggest developer by contracted sales, has made its British debut by buying up a 785-home project in east London for a … Read More>>
Hong Kong
DBS Moves to Kwun Tong as SG Bank Cashes in on Hong Kong’s Red Hot Office Market
Singapore’s biggest bank is following the lead of US competitors Citibank and Goldman Sachs in moving its team out of … Read More>>
Esprit Bails on HK$2M Per Month Causeway Bay Flagship Store
Hong Kong-listed fashion brand Esprit Holdings will not renew the lease for its flagship store in Causeway Bay, … Read More>>
HK$660M Sale of Floor in Admiralty Office Tower Breaks Hong Kong Price Record – Again
Less than two weeks after a floor in 9 Queen’s Road Central claimed the title as the city’s most expensive strata-titled … Read More>>
Co-Working & Flexible Office
Regus’ Co-Working Brand to Open Flagship Centre Near Singapore’s Orchard Road
As $20 billion co-working startup WeWork expands into Southeast Asia, the company behind the world’s biggest serviced … Read More>>
WeWork to Open Two Centres in Jakarta Amid SE Asia Growth Drive
Global flexible office giant WeWork is ramping up its presence in Southeast Asia with an upcoming debut in Indonesia, … Read More>>
WeWork Buys China Co-Working Start Up naked Hub for Reported $400M
Global co-working giant WeWork is acquiring Shanghai-based naked Hub for a reported $400 million with the two parties … Read More>>
Research & Policy
Beijing Restricts Building Heights in Prime District — Derails RMB 8.6B in Office Projects
The Beijing government has retroactively restricted the height of buildings in a prime plot of the city’s core business district to as low as 100 … Read More>>
Hong Kong Home Prices Could Rise Another 10% in 2018 as Colliers Sees Continued Demand
The cost of shelter in Hong Kong continues to defy the laws of gravity, after new home prices in the city surged by 18 percent last quarter to the … Read More>>
Singapore Expats Rejoice as Town Ranks Tops for Living
Singapore once again takes the crown as Asia’s best city for expatriates, according to the Mercer 2018 Quality of Living survey which grades 231 … Read More>>
Design & Construction
KPF-Led Group Wins Bid to Design Changi Airport Terminal Five in SG
Global architecture firms Kohn Pedersen Fox Associates (KPF) and Heatherwick Studio have won a bid to design the next major extension for Singapore's … Read More>>
Benoy Wins Design and Masterplanning for AI Park in Shanghai
Global design firm Benoy has won a competition to serve as masterplanner and architect for a 367,000 square metre research and commercial hub near the … Read More>>
The $1B NYC Tower That Woulda, Coulda Been Wanda’s
Dalian Wanda’s story in the last year has been a cascade of woe as the one-time world-beating investor has sold off projects in the UK, Australia and … Read More>>
