The Hong Kong government will launch a small Kowloon residential site for tender before the end of this year, testing developer appetites for new projects in the city after having held back urban housing plots in the previous two quarters.
Alibaba in Talks to Buy Top Half of Mandarin Oriental Causeway Bay Tower for $900M
Alibaba Group is in talks to buy the top 13 floors of the Mandarin Oriental Hotel Group’s soon to be completed Causeway Bay commercial tower in a HK$7 billion ($900 million) deal which would rank as Hong Kong’s largest of… Read More>>
CapitaLand China Mall REIT Jumps 13% in First Day of Trading
Trading for CapitaLand Investment’s first domestically listed REIT of Chinese assets rose 12.6 percent in its first day of trading on the Shanghai Stock Exchange on Monday after raising RMB 2.29 billion ($322 million) through its IPO.
Seeded with one… Read More>>
APAC Hotel Investment Fell 23% in H1, Full Year Recovery Expected: JLL
Trades of hotels in Asia Pacific fell to $4.7 billion in the first half of 2025, down 23 percent compared with the same period a year earlier, as growing uncertainty globally kept investors on the sidelines, according to JLL.
The… Read More>>
GLP Sells 5 Properties to Close on $281M China Income Fund
Industrial developer and investment manager GLP on Monday announced the closing of its latest mainland China income fund with RMB 2 billion ($281 million) in assets under management.
GLP China Income Fund XIV is a partnership with a leading global… Read More>>
Bain Capital Sells China Data Centre Business to Local Consortium for $3.9B
Bain Capital has agreed to sell the China operations of the data centre platform formerly known as Chindata for RMB 28 billion ($3.93 billion), marking the largest merger and acquisition deal ever in China’s data centre industry, the US private… Read More>>
China Vanke Loss Widened in H1 as Sales Sank 52%
China Vanke this past week warned of an attributable net loss of RMB 10 billion to RMB 12 billion ($1.4 billion to $1.7 billion) for the first six months of 2025, widening from an RMB 9.85 billion loss for the… Read More>>
Labubu-Maker Pop Mart Buys Building in London’s West End for $86M
A Chinese toy maker is showing London’s upper crust that funny dolls can be turned into serious real estate with a company linked to Hong Kong-listed Pop Mart picking up a mixed-use building in the UK capital, according to market… Read More>>
Henderson Land Shares Plummet on Plan to Raise $1B in Convertible Bonds
With Hong Kong’s real estate giants continuing to face pressure from falling property values, Henderson Land Development on Tuesday announced it is raising HK$8 billion ($1.02 billion) in convertible bonds.
The bonds which mature in July 2030 will bear a… Read More>>
Office Floor in Hong Kong’s Central Sold for 58% Off 2018 Purchase Price
A floor in a commercial tower which once set the record for Hong Kong’s most expensive office is now a contender to be named the city’s greatest loss of value as distressed sales become the norm in Asia’s most expensive… Read More>>