Oxley Holdings Ltd is on its way to selling a pair of hotels on Stevens Road, just near Singapore’s Orchard Road shopping district, for a combined S$950 million ($702 million), according to an announcement by the developer to the city’s… Read More>>
Hong Kong Homebuyer Eats HK$36M Deposit to Renege on Mount Nicholson Deal
Less than two weeks after agreeing to purchase a home at Hong Kong’s Jardine’s Lookout for HK$721.88 million ($92.1 million), an unnamed buyer has walked away from the deal, forfeiting a HK$36 million deposit, according to Hong Kong public records.
Li Ka-shing Warns HK Housing Speculators and More Asia Real Estate Headlines
China’s spring festival is still weeks away, but there are signs that the region’s real estate markets may be in for a longer than expected winter as Hong Kong’s richest man warns investors against speculating in the city’s real estate… Read More>>
Edward Cheung Retires, KK Chiu Named Head of Greater China for C&W
Edward Cheung, Chairman of the Asia Pacific Board and Chief Executive Officer for Greater China at Cushman & Wakefield, has announced his retirement from the property consultancy, after more than 26 years with the firm, and ten years as regional… Read More>>
Hongkong Land Said Suing HNA for HK$8.3M in Unpaid Office Fees
Central’s biggest landlord is suing China’s biggest financial train-wreck for unpaid fees from an eight-floor office that was never occupied, according to a report in the South China Morning Post.
A unit of Hongkong Land is suing HNA Group after… Read More>>
WeWork May Pay $1B to Buy Out India JV Partner and More Asia Real Estate Headlines
Shared space giant The We Company brought in $2 billion in fresh cash this week, but already $1 billion of that may be on its way out the door, as the New York-based firm formerly known as WeWork seeks to… Read More>>
Patrizia Establishes Japan Foothold with Buyout of Tokyo’s Kenzo Capital
Germany’s Patrizia Immobilien has acquired Kenzo Capital Corporation, a Tokyo-based real estate advisory and asset management firm, giving the European real estate investment manager its first foothold in Japan.
Augsburg-based Patrizia unveiled the move in an announcement this week noting… Read More>>
HNA Confirms Sale of NYC Tower at $41M Loss
HNA Group confirmed today that it has sold a majority stake in a Manhattan office building, as the financially hobbled mainland conglomerate races to sell assets and raise cash.
The parent company of China’s Hainan Airlines said that it had… Read More>>
Hong Kong Office Rents Rose to Record Levels in Q4 Despite Slowdown
Despite a slowdown in the Hong Kong commercial real estate market, office rents in the Asian financial hub rose to record levels in the fourth quarter, reaching an average of HK$146 ($18.62) per square foot per month on a net… Read More>>
HNA Adds 20 More Assets to Close-Out Sale and More Asia Real Estate Headlines
At the top of today’s real estate headlines from around the region, China’s HNA Group is adding a Harbin hotel project and 19 other assets to a list of items it hopes to sell off as the conglomerate continues to… Read More>>
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