60 years after it was founded, the future of one of Hong Kong’s largest property developers became more apparent this month when the board of Hang Lung Properties appointed Adriel Wenbwo Chan as its new vice chair.
Chan, the son… Read More>>
Hang Lung Buys US Govt Plot in Hong Kong at 37% Off 2018 Rates
Under a cloud of sanctions and suspended trade privileges, the US government sold a set of consular residences in Hong Kong’s southern District to Hang Lung Properties for HK$2.6 billion ($331 million), the developer said in an email to Mingtiandi… Read More>>
CapitaLand Unveils Plan for S$550M Singapore Business Campus
As a complement to the Singapore government’s vision to create a “world-class learning ecosystem in the research and knowledge hub,” Singapore’s CapitaLand unveiled its latest addition to the One North technology park on 9 September, the 400,000-square foot (37,100… Read More>>
Tenants Continue to Flee HK’s Central as Govt Agency Shifts to Kowloon East
The migration away from the world’s priciest office location continues with one of Hong Kong’s biggest office deals so far in 2020 taking a major tenant away from its current home in the city’s Central district.
The Hong Kong Mortgage… Read More>>
Bain-Backed APAC Data Center Platform Chindata Said Prepping for $400M US IPO
Bain Capital-backed Chinese hyperscale data centre operator Chindata Group is getting ready to make its debut on the New York Stock Exchange later this month, according to a report by Reuters on 1 September citing sources familiar with the planned… 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 estate industry awards event held this week with the developers each taking home prizes from the… Read More>>
US Private Equity Firm Ties Up With Equinix Vets for $1B APAC Data Centre Fund
Asia Pacific’s fast-developing market for server hosting facilities got a bit more crowded last month as a New York-based private equity firm teamed up with a group of veteran tech executives to set up a $1 billion data centre platform,… Read More>>
Hong Kong Dominates with 54% of APAC Data Centre Investments in 2020
Data centre investment in Asia-Pacific climbed to $5.7 billion (HK$44 billion) between 2018 and 2020, a seven-fold increase over the growth recorded over the previous two year interval, according to new research by Cushman & Wakefield in Hong Kong.
In… Read More>>