Asia real estate and outbound investment news
Worldwide Hotels Group has acquired a newly completed serviced apartment complex along Bangkok’s Sukhumvit Road for THB 1.1 billion ($30.6 million), adding to a string of Thai hospitality acquisitions by the Singaporean budget hotel investor and operator.
Worldwide Hotels, which… Read More>>
Henderson Land Development has submitted a design plan for its Site 3 harbourfront development in Hong Kong’s Central district, according an application by the builder to the Town Planning Board, with the project expected to be worth as much as… Read More>>
Casino developer Landing International Development has suspended its chairman and executive director Yang Zhihui, after having been notified that the Hong Kong Securities and Futures Commission (SFC) had filed a case accusing him of dishonest behaviour and self-dealing.
The SFC… Read More>>
The Hong Kong unit of China’s CITIC Group has picked up a 41,763 square foot (3,880 square metre) residential site in Hong Kong’s New Territories through a government land sale with a lowball bid of of HK$1.1 billion ($140.6 million),… Read More>>
CSI Properties has agreed to sell the retail podium of its residential tower in the New Territories for HK$440 million ($56 million), an executive from the Hong Kong-listed developer confirmed to Mingtiandi.
The unnamed buyer – a local family office,… Read More>>
Korea Investment Corporation (KIC) alternative investment head Jongho Kim has found a new chief for his real estate division, filling a position that has remained vacant for one year.
The Korean institution has appointed Thomas Cho as head of its… Read More>>
Evergrande’s credit crisis is denting the personal fortune of its founder Xu Jiayin, with local records in Hong Kong showing that a HK$700M ($89 million) mansion on Hong Kong’s Peak previously owned by a company controlled by the property billionaire… Read More>>
Top fund managers continue to snatch up properties to expand self-storage businesses in Asia’s biggest markets, with Warburg Pincus-backed Storhub having expanded its holdings in a Hong Kong industrial building for the second time in two months and the third… Read More>>
Hang Lung Properties has been given the green light to build luxury homes on a former US government site on Hong Kong’s Shouson Hill, according to a recent report by the city’s Buildings Department, with analysts predicting that the… Read More>>
LaSalle Investment Management is taking advantage of a newly won license to raise local currency funds in China by launching its first renminbi strategy, and has hired former PGIM Real Estate executive Matthew Jianguo Yao to run the new fund.
