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>>
Asia real estate and outbound investment news
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>>
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>>
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 development project in Beverly Hills and the company’s top executive in Hollywood steps down.
Athens… Read More>>
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 the company’s high-end golf courses amid an austerity drive.
The courses are part of Wanda’s Changbaishan… Read More>>
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 further with another 50 to 60 potential en bloc sales in the pipeline, according to a report released today.
Leading this week’s roundup of high-profile job changes in Asia’s real estate industry, a veteran project manager has joined a London-based consultancy to grow its offices across north Asia. Meanwhile, a co-working expert is trying his hand at another hot… Read More>>
Hong Kong’s richest man is reportedly selling his most valuable building, The Center office tower, for a record price of HK$40.2 billion ($5.15 billion). Li Ka-shing’s CK Asset Holdings – formerly Cheung Kong Property Holdings – agreed to dispose of… Read More>>
Singapore-based JustCo has closed on a Series B funding round that brings its valuation to $200 million, making it the most valuable co-working operator in Southeast Asia, after bagging a $12 million investment from Thai developer Sansiri. The new funding… Read More>>
Tapping into the burgeoning demand for data storage, the Canada Pension Plan Investment Board (CPPIB) is partnering with Singaporean conglomerate Keppel Group to invest $350 million into data centres, with the option to invest a further $150 million.
The commitment… Read More>>
Hong Kong’s Kwun Tong district has chalked up another landmark transaction, with Wheelock subsidiary Wharf Group selling a waterfront office tower project to mainland developer LVGEM for HK$9 billion ($1.2 billion), in one of the biggest real estate deals in… Read More>>