Three years after listing on the NASDAQ exchange in a $46 million IPO, Qingke Apartment Leasing has been declared … Read More>>
Featured Stories
PGIM Real Estate Buys Pair of Hong Kong Hotels as Co-Living Conversions Catch On
PGIM Real Estate has moved to acquire a pair of Hong Kong hotels, including snapping up a mid-scale Central hostelry for … Read More>>
Sponsored Features
BW Adds 74,000 SQM Project to Expanding Northern Vietnam Industrial Portfolio
Leading new economy developer BW Industrial Development Joint Stock Company, announced today that it has acquired … Read More>>
Vietnam’s Warehouse Sector Transforms Pandemic Challenge into Opportunity
Let’s go back to the end of June 2021, when the ultra-contagious Delta variant triggered a spike in infections in Ho Chi … Read More>>
Breaking News
NASDAQ-Listed Apartment Platform QingKe Enters Bankruptcy in Shanghai
Three years after listing on the NASDAQ exchange in a $46 million IPO, Qingke Apartment Leasing has been declared bankrupt by a mainland court. The Morgan Stanley-backed apartment rental platform’s name can be translated as ‘eggshell’ and in this instance… Read More>>
PGIM Real Estate Buys Pair of Hong Kong Hotels as Co-Living Conversions Catch On
PGIM Real Estate has moved to acquire a pair of Hong Kong hotels, including snapping up a mid-scale Central hostelry for a reported HK$850 million ($109 million), as the city’s travel slump persists and the market for residential conversions heats… Read More>>
Colliers Promotes CK Lau to Replace Nigel Smith as Hong Kong Head
Property services firm Colliers on Monday announced the promotion of CK Lau to managing director for Hong Kong, effective immediately.
Reporting to Sam Harvey-Jones, chief operating officer for Asia Pacific, Lau will be responsible for leading the growth of Colliers… Read More>>
PAG Data Centre Startup Names Digital Realty Veteran as CEO
Hong Kong-based PAG continues to ramp up its incursion into Asia’s data centre race with the private equity firm on Friday announcing the appointment of Amandine Wang as chief executive officer of its Flow Digital Infrastructure venture.
Wang’s appointment came… Read More>>
GLP Launches $1.1B Vietnam Logistics Fund and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, warehouse specialist GLP launches its first fund focused on Vietnam, Chinese developer Agile Group gets a lifeline from state-backed COLI, and buyers snap up apartments at new projects in Hong Kong and Shanghai.
Asia Real Estate People in the News 2021-01-24
While news reports have been filled with stories of global executives leaving Hong Kong, we lead our weekly roundup of people moves this week with a European fund manager sending one of its top executives into the city where no… Read More>>
Invesco Completes $3B Privatisation of Invesco Office J-REIT With Gaw Capital
Hong Kong-based fund manager Gaw Capital Partners on Friday announced that, together with US investment management firm Invesco, it has completed the $3 billion privatisation of Invesco Office J-REIT.
The deal, which was led by Invesco Asia Fund IV, represents… Read More>>
Brookfield Backs Sequoia China New Economy Infrastructure Fund
Canada’s Brookfield Asset Management on Thursday announced that it has backed a China-focused infrastructure vehicle led by Sequoia China, the mainland branch of the famed Silicon Valley venture capital firm.
Dedicated to supporting China’s new economy, Sequoia China Infrastructure Fund… Read More>>
Real Estate Finance
NASDAQ-Listed Apartment Platform QingKe Enters Bankruptcy in Shanghai
Three years after listing on the NASDAQ exchange in a $46 million IPO, Qingke Apartment Leasing has been declared bankrupt by a mainland court. The … Read More>>
PGIM Real Estate Buys Pair of Hong Kong Hotels as Co-Living Conversions Catch On
PGIM Real Estate has moved to acquire a pair of Hong Kong hotels, including snapping up a mid-scale Central hostelry for a reported HK$850 million … Read More>>
Invesco Completes $3B Privatisation of Invesco Office J-REIT With Gaw Capital
Hong Kong-based fund manager Gaw Capital Partners on Friday announced that, together with US investment management firm Invesco, it has completed the … Read More>>
Shanghai
NASDAQ-Listed Apartment Platform QingKe Enters Bankruptcy in Shanghai
Three years after listing on the NASDAQ exchange in a $46 million IPO, Qingke Apartment Leasing has been declared … Read More>>
Schroders JV Sells Shanghai Co-Living Project to Golden Union for $31M
China’s rental residential sector has seen another global fund manager expand its China rental residential holdings as … Read More>>
Kerry Buys Piece of Central Shanghai Megaproject Site for $2.1B
Hong Kong-listed developer Kerry Properties on Tuesday revealed details of a supersized mixed-use project in Shanghai’s … Read More>>
Singapore
CDL, GuocoLand JV Place Top Bids in Singapore’s First Land Sale of 2022
Sites for luxury housing development continued to find favour with developers in Singapore’s first land sale of the … Read More>>
Cooling Measures, Holidays Pull Singapore New Private Home Sales Down 58%
Singapore’s new private home sales dropped by 58 percent in December after cooling measures put in place halfway through … Read More>>
CapitaLand, Mitsui, Tokyo Tatemono Open Singapore’s 79 Robinson Road
Almost five years after breaking ground in Singapore’s central business district, CapitaLand and its Japanese partners … Read More>>
Projects
Japan’s Mitsui Fudosan Backs Frasers’ Sydney Condo Project in Aussie Debut
Japan’s largest property developer Mitsui Fudosan has made its first foray into Australia by investing in Frasers Property’s A$2.1 billion ($1.5 … Read More>>
HKRI, CITIC Pacific JV to Invest Nearly $2B in Discovery Bay Expansion
A joint venture between developer HKR International (HKRI) and CITIC Pacific is planning to add a nineteenth phase to their master-planned Discovery … Read More>>
Wang On Reportedly Acquires Yau Tong Industrial Building for $74M
Wang On Properties looks set to add another suburban residential project to its pipeline as the Hong Kong-listed developer has been identified as the … Read More>>
Retail
Amazon Wins Round in India Retail Battle with Future Group, Reliance
Delhi’s top court has rejected a plea from a retail unit of billionaire Kishore Biyani’s Future Group to quash Singapore arbitration proceedings filed … Read More>>
GIC Sets Up $532M Aussie Convenience Retail Fund With SCA Property Group
GIC is set to add some retail items to its shopping cart of Australian property acquisitions, as the Singapore sovereign wealth fund teams up with an … Read More>>
Wanda Applies for Hong Kong IPO with Backing From PAG, Tencent and Ant
Beijing-based Dalian Wanda Group filed papers Thursday to bring its commercial property business back to the Hong Kong stock market, as the developer … Read More>>
Asia Outbound
Singapore’s Fragrance Group Adds Central London Hotel to Growing UK Portfolio
Singapore’s Fragrance Group has purchased a Holiday Inn hotel in west London from British real estate fund manager Queensgate Investments for an … Read More>>
China Oceanwide Faces Payment Demand After $175M NYC Default
China Oceanwide Holdings’ American dream is looking ever more like a broken one after the mainland developer was served with a default notice for a … Read More>>
Korea’s IGIS Adds DC-Area Multi-Family Asset to North American Portfolio
South Korea-based IGIS Asset Management has acquired a 520-unit multi-family asset in Alexandria, Virginia in partnership with US investor Timberline … Read More>>
Hong Kong
PGIM Real Estate Buys Pair of Hong Kong Hotels as Co-Living Conversions Catch On
PGIM Real Estate has moved to acquire a pair of Hong Kong hotels, including snapping up a mid-scale Central hostelry for … Read More>>
Colliers Promotes CK Lau to Replace Nigel Smith as Hong Kong Head
Property services firm Colliers on Monday announced the promotion of CK Lau to managing director for Hong Kong, … Read More>>
HKRI, CITIC Pacific JV to Invest Nearly $2B in Discovery Bay Expansion
A joint venture between developer HKR International (HKRI) and CITIC Pacific is planning to add a nineteenth phase to … Read More>>
MTD TV
MTD TV 2022 Program to Kick Off with Residential Forum in March
2021 came to a close with seven major fund managers announcing four separate Asia multi-family initiatives during … Read More>>
Mingtiandi APAC Residential Forum 2022
With Mingtiandi's 2021 Multi-Family Forum having attracted more than 6,100 views to join conversation with speakers from … Read More>>
Mingtiandi Asia Logistics Forum 2022
Asia's top gathering of logistics real estate leaders is back for 2022, with the Mingtiandi Asia Logistics Forum … Read More>>
Research & Policy
Cooling Measures, Holidays Pull Singapore New Private Home Sales Down 58%
Singapore’s new private home sales dropped by 58 percent in December after cooling measures put in place halfway through the month raised taxes on … Read More>>
M&G Picks Australia, Japan and Singapore as Top 2022 Targets
Australia, Japan and Singapore stand out as the top real estate investment locations in Asia Pacific this year considering the bright recovery … Read More>>
Singapore Real Estate Investment Could Drop by One-Fifth in 2022
Investment in Singapore’s real estate market is projected to drop by up to 22 percent this year after the city-state notched S$25.8 billion ($19 … Read More>>
Design & Construction
Sun Hung Kai Asks to Redesign West Kowloon Project as Two Taller Towers
Sun Hung Kai Properties is asking to change the design for Hong Kong’s largest commercial site ever with the blue-chip developer hoping to develop two … Read More>>
Swire, CDL and New World Take Home Prizes at ULI APAC Awards
Hong Kong’s Shui On Land, New World Development and Swire Properties, along with Singapore’s City Developments Limited, all came up winners at a real … Read More>>
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>>
