Asia Pacific real estate investment news and information
Mainland developer Powerlong has joined the growing list of defaulting Chinese builders after missing a coupon payment on an offshore bond and hiring restructuring advisors, according to a company stock exchange filing on Tuesday.
Having failed to pay $15.9 million… Read More>>
China home sales and prices continue to plummet despite a raft of recent government measures to prop up the ailing property market, with the mainland’s pessimistic economic outlook and developers’ increased backlog of unfinished projects weighing on buyer appetite.
China’s… Read More>>
The billionaire chairman of embattled Chinese developer Shimao Group has agreed to sell an Australian cattle ranch portfolio to Canada’s Alberta Investment Management (AIMCo) and a unit of Australian agricultural investment manager New Forests, as his company continues to struggle… Read More>>
Singapore-based logistics builder Equalbase and Malaysian conglomerate Sunway Group broke ground on a 55 hectare (136 acre) logistics project in the southern Malaysian state of Johor on Tuesday, with the joint venture partners saying they have committed MYR 8 billion… Read More>>
Industrial heavyweight ESR has sold a 95 percent stake in a portfolio of six Chinese industrial properties to the mainland’s Taikang Insurance in a deal which values the assets at RMB 2 billion ($288 million), according to a filing by… Read More>>
China’s first batch of retail REITs received registration approval from the country’s securities regulator following an expansion of the country’s listed real estate investment trust pilot programme in March that saw malls and other retail properties added to China’s nascent… Read More>>
A landmark theatre in Hong Kong’s North Point district has been sold for a reported HK$1 billion ($128 million) in the latest sign of occupiers buying Hong Kong properties for their own use, as end users look to lower their… Read More>>
Phoenix Property Investors has teamed up with a joint venture between Australia’s Irongate Group and South Africa’s Burstone Group to acquire a Sydney industrial estate in the Hong Kong real estate private equity firm’s second bet on the Aussie industrial… Read More>>
Hong Kong developer Henderson Land has received approval for the compulsory sale of one of two blocks in the storied Champagne Court in the heart of Hong Kong’s Tsim Sha Tsui district, according to a ruling by the Lands Tribunal.
Hong Kong property and retail tycoon Henry Cheng Kar-shun says he is still looking for a successor to run the family’s business and did not rule out selecting an external candidate, throwing into question the role of his eldest son,… Read More>>
