A joint venture led by real estate investment manager AEW has purchased a 21-storey office tower in Beijing for a total … Read More>>
Featured Stories
Gaw Capital, Goldman Sachs, Blackstone Buy HK Retail Assets From Link REIT for HK$12B
Gaw Capital Partners is leading a consortium of investors, including Goldman Sachs and Blackstone in buying a portfolio … Read More>>
Warburg Pincus Sets Up $1B JV for China Real Estate Special Situations
Warburg Pincus announced today that it has formed a $1 billion joint venture with a Beijing-based asset management firm … 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
AEW JV Buys Beijing Office Tower From Hopson for RMB 4.5B
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 billion ($654 million), according to sources familiar with the transaction who spoke with Mingtiandi.
AEW joined… Read More>>
CFLD Gets RMB 6B Funding Injection From Ping An
China Fortune Land Development (CFLD) has announced to the Shanghai Stock Exchange that it will accept debt financing of up to RMB 6 billion ($870 million) from Ping An Asset Management, the second-largest shareholder in the developer and a unit… 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 in the previous quarter and the 9 percent who had the same expectations… Read More>>
UBS, APG Set Up Japan Multi-Family Venture and More Asia Real Estate Headlines
Leading today’s real estate headlines, the global search for yield takes a Dutch pension fund and a Swiss asset manager into Japan’s rental apartment market for a new $175 million venture. A bit closer to the equator, US private equity… Read More>>
Tiny Flat Frenzy Goes Bust and More Hong Kong Real Estate Headlines
The era when Hong Kong residents loved buying — and living in — apartments the size of most kitchens found in ordinary US homes appears to be over. If ever there was an indicator that Hong Kong’s decade-plus run of… Read More>>
Gaw Capital, Goldman Sachs, Blackstone Buy HK Retail Assets From Link REIT for HK$12B
Gaw Capital Partners is leading a consortium of investors, including Goldman Sachs and Blackstone in buying a portfolio of 12 shopping centres from Hong Kong’s Link REIT for HK$12.01 billion ($1.54 billion), according to an announcement today by the manager… Read More>>
Warburg Pincus Sets Up $1B JV for China Real Estate Special Situations
Warburg Pincus announced today that it has formed a $1 billion joint venture with a Beijing-based asset management firm for investing in distressed and “special situations” real estate opportunities in mainland China.
The US private equity firm revealed the latest… Read More>>
CPPIB JV Sells Chennai IT Park to Mapletree for $187M
Mapletree Investments has purchased an information technology park in Chennai, India, from the Canada Pension Plan Investment Board and its Indian partner for C$250 million ($187 million) as part of the Singaporean property developer and fund manager’s plan to expand… Read More>>
Real Estate Finance
AEW JV Buys Beijing Office Tower From Hopson for RMB 4.5B
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>>
CFLD Gets RMB 6B Funding Injection From Ping An
China Fortune Land Development (CFLD) has announced to the Shanghai Stock Exchange that it will accept debt financing of up to RMB 6 billion ($870 … Read More>>
Gaw Capital, Goldman Sachs, Blackstone Buy HK Retail Assets From Link REIT for HK$12B
Gaw Capital Partners is leading a consortium of investors, including Goldman Sachs and Blackstone in buying a portfolio of 12 shopping centres from … Read More>>
Shanghai
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>>
Jim Yip Makes Way for Alvin Yip at C&W’s China Capital Markets Team
Jim Yip, the longtime managing director and co-head of Cushman & Wakefield's capital markets division for Greater … Read More>>
Land Sales to Add Over 3,200 More Rental Homes to Shanghai Housing Pipeline
The Shanghai city government is putting up for tender three new residential sites with a planned construction area of … Read More>>
Singapore
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>>
We’re No. 1! Hong Kong Again Tops Global List of Prime Office Rents
Hong Kong’s Central district remained the most expensive place in the world for premium office rental costs as of the … Read More>>
Allianz Buys 20% of SG’s Ocean Financial Centre From Keppel REIT for $392M
European insurer Allianz on Friday announced that it has agreed to buy a 20 percent stake in the Ocean Financial Centre … Read More>>
Projects
Tang Shing-bor Buys Yau Ma Tei Hotel for HK$1.1B as Kowloon Plan Takes Shape
Hong Kong entertainment giant Emperor International has announced to the Hong Kong Stock Exchange that it is selling a hotel property in Hong Kong’s … 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 mixed-use development in … Read More>>
Wanda Targets 17 Mall Openings by Year-End
Wanda Group has announced that it is opening 17 new Wanda Plaza shopping centres in the last five weeks of this year, accounting for 34.7 percent of … 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
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>>
Tiny Flat Frenzy Goes Bust and More Hong Kong Real Estate Headlines
The era when Hong Kong residents loved buying -- and living in -- apartments the size of most kitchens found in ordinary … Read More>>
Gaw Capital, Goldman Sachs, Blackstone Buy HK Retail Assets From Link REIT for HK$12B
Gaw Capital Partners is leading a consortium of investors, including Goldman Sachs and Blackstone in buying a portfolio … Read More>>
Co-Working & Flexible Office
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>>
Chinese Co-Working Unicorn Ucommune Raises $200M at $3B Valuation
Chinese co-working giant Ucommune announced on Wednesday that it has raised its biggest tranche of new capital ever, … Read More>>
Research & Policy
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>>
We’re No. 1! Hong Kong Again Tops Global List of Prime Office Rents
Hong Kong’s Central district remained the most expensive place in the world for premium office rental costs as of the end of the third quarter, with … Read More>>
Design & Construction
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>>
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>>
