Asia Real Estate News and Information

Tsuen Wan Industrial Building Bought Up for HK$258M

Aging industrial buildings continue to be hot property in Hong Kong, as a former workshop in the New Territories changed hands recently for HK$258 million ($33 million).

According to information released last week by the city’s Lands Department,… Read More>>

Ping An Rents Whole Floor in HK’s Exchange Square as Mainlanders Dominate Central

Mainland corporates continue to dominate office leasing activity in Hong Kong’s Central district as China’s Ping An Bank has recently agreed to pay nearly triple Manhattan office leasing rates for a high floor in Exchange Square.

The mainland financial institution… Read More>>

Chinese Estates Builds HK$27B Evergrande Stake and More Asia Real Estate Headlines

Joseph Lau’s Chinese Estates got some good news this week as the developer’s stake in China Evergrande now is worth more than its own Hong Kong market cap. Also in the headlines, China’s suppression of housing demand means that sales… Read More>>

Henderson Picks Up $135M Redevelopment Site in HK’s Mid-Levels

Henderson Land Development is paying a total of HK$1.05 billion ($134.5 million) to buy out a seven-storey apartment building in the Hong Kong’s upscale Mid-Levels neighbourhood, which the property giant plans to redevelop into a 30-storey tower.

The developer controlled… Read More>>

Singapore’s Ascott Makes $60M Silicon Valley Hotel Deal in Latest US Acquisition

Singapore’s CapitaLand is making its fourth US acquisition in less than six months, buying a Silicon Valley hotel through its serviced residence unit The Ascott Limited in a S$81.5 million ($60.1 million) project.

The investment amount includes Ascott’s planned refurbishment… Read More>>

HNA Buys Out 90% of SG Logistics Platform and More Asia Real Estate Headlines

China’s HNA may not be completely dead in the water as the mainland conglomerate’s buyout of a Singapore logistics company looks set for completion. Also in the news today, banning construction is the latest step in the battle against foul… Read More>>

Swatch Scores 53% Discount on Central Shop Space as HK Retail Rents Plunge

Shop rents in Hong Kong are falling, and in the case of Switzerland’s Swatch, the new retail reality means paying less than half of the former price for store space in the heart of the city’s Central district.

Swatch is… Read More>>

Decaying Workshop Sells for $158M in HK’s Tsuen Wan, Appreciating 808-Fold

An ageing industrial building in Hong Kong’s Tsuen Wan district has changed hands for HK$1.23 billion ($157.5 million) – appreciating nearly 81,000 percent over the past 45 years – reflecting investor enthusiasm for the asset class as the city government… Read More>>

Tsuen Wan Industrial Building Bought Up for HK$258M

Aging industrial buildings continue to be hot property in Hong Kong, as a former workshop in the New Territories changed hands recently for HK$258 … Read More>>

Ping An Rents Whole Floor in HK’s Exchange Square as Mainlanders Dominate Central

Mainland corporates continue to dominate office leasing activity in Hong Kong’s Central district as China’s Ping An Bank has recently agreed to pay … Read More>>

Decaying Workshop Sells for $158M in HK’s Tsuen Wan, Appreciating 808-Fold

An ageing industrial building in Hong Kong's Tsuen Wan district has changed hands for HK$1.23 billion ($157.5 million) – appreciating nearly 81,000 … Read More>>

More Real Estate Finance>>

Shui On Sells 49% Stake in Shanghai KIC Project for $443M

Shui On has agreed to sell a 49 percent stake in its mixed-use Knowledge and Innovation Community (KIC) project in … Read More>>

JLL Hires APAC Enterprise Strategy and Innovation Head

JLL is stepping up its commitment to a scientifically-driven approach to consulting as the global property services firm … Read More>>

Vanke, China Resources Buy New Shanghai Sites as City Sells $2B in Land

The suburbs of Shanghai saw nearly RMB 13.05 billion ($1.99 billion) of residential land change hands this past week, as … Read More>>

Henderson Picks Up $135M Redevelopment Site in HK’s Mid-Levels

Henderson Land Development is paying a total of HK$1.05 billion ($134.5 million) to buy out a seven-storey apartment building in the Hong Kong's … Read More>>

Nine Hong Kong Bidders Compete for $1.4B Site in City’s Central District

A prime commercial site in Hong Kong's Central area may sell for up to HK$11 billion ($1.41 billion), after drawing nine bids from local developers in … Read More>>

Hong Kong’s Laws Group Buys Kowloon East Site for $178M

Hong Kong's Kowloon East business district has just received another shot in the arm, with Laws Group scooping up an ageing industrial building in the … Read More>>

More Projects>>

Swatch Scores 53% Discount on Central Shop Space as HK Retail Rents Plunge

Shop rents in Hong Kong are falling, and in the case of Switzerland's Swatch, the new retail reality means paying less than half of the former price … Read More>>

Blackstone, KKR and CITIC Said Competing for $14.5B Link REIT Retail Portfolio

Retail real estate may be under pressure, but that isn’t stopping some of the world’s biggest property investors from competing for a $14.5 billion … Read More>>

Country Garden to Help McD’s Open 2000 More China Burger Joints

One of the mainland's biggest developers has agreed to help McDonald's reach its goal of opening 2,000 new restaurants in China by 2022. In a … Read More>>

More Retail>>

Singapore’s Ascott Makes $60M Silicon Valley Hotel Deal in Latest US Acquisition

Singapore's CapitaLand is making its fourth US acquisition in less than six months, buying a Silicon Valley hotel through its serviced residence unit … Read More>>

Wanda Hits Twin US Setbacks as Culture Chief Quits, Beverly Hills Partner Exits

Dalian Wanda Group is facing a fresh set of overseas headaches, this time in Southern California, as its US partner bails on a $1.2 billion … Read More>>

Grosvenor Sells West End Trophy to Hong Kong Scion for $202M

Brexit may yet prove to have dire consequences for the UK, but it hasn't stopped the kingdom's royals from making a profitable property play this … Read More>>

More Asia Outbound>>

Tsuen Wan Industrial Building Bought Up for HK$258M

Aging industrial buildings continue to be hot property in Hong Kong, as a former workshop in the New Territories changed … Read More>>

Ping An Rents Whole Floor in HK’s Exchange Square as Mainlanders Dominate Central

Mainland corporates continue to dominate office leasing activity in Hong Kong’s Central district as China’s Ping An Bank … Read More>>

Henderson Picks Up $135M Redevelopment Site in HK’s Mid-Levels

Henderson Land Development is paying a total of HK$1.05 billion ($134.5 million) to buy out a seven-storey apartment … Read More>>

Wanda’s Wang Still in the Weeds as Golf Courses Called Out of Bounds

Wang Jianlin's Dalian Wanda Group continues to find itself deep in China's regulatory rough this week as mainland authorities have shut down two of … Read More>>

$4B Tide of Singapore Collective Sales Could Surge 400% Says Colliers

Singapore's wave of residential collective sales, totalling S$5.88 billion ($4.12 billion) across 15 major deals this year, is poised to intensify … Read More>>

HK Unsustainable, SG Set for Rebound Says UBS Housing Bubble Survey

An annual study of housing markets worldwide by investment bank UBS has identified Hong Kong as one of the world’s riskiest places to buy a home, … Read More>>

More Research & Policy

URWork Raises $30M from Kunming Developer, Plans 30K SQM Project

URWork, the Beijing-based shared office unicorn, has flexed its fundraising muscles once again by completing a new funding round for RMB 200 million … Read More>>

Benoy’s Parc Central in Guangzhou Wins Gold at ICSC China Awards

Hong Kong Developer Sun Hung Kai only opened its Parc Central shopping centre in Guangzhou last year, but the 83,000 square metre (900,000 square … Read More>>

Ping An Finance Center Now China’s Second Tallest

Ping An Finance Center, a 599-metre (1965-foot) skyscraper in Shenzhen is now officially China’s second tallest building. The Kohn Pedersen … Read More>>

More Design & Construction>>