Asia real estate and outbound investment news
Canadian financial services firm Manulife now has a third office tower in Kowloon East bearing its trademarks as PAG’s International Trade Tower has been rebranded under the name of its anchor tenant.
“We are excited to broaden our footprint into… Read More>>
Mainland authorities are continuing to clamp down on the nation’s billionaires with real estate power couple Pan Shiyi and Zhang Xin, who together control and manage developer Soho China, recently joining Jack Ma and other heavyweights in the regulatory penalty… Read More>>
Hong Kong-listed Far East Consortium has agreed to sell the commercial portion of a project on the former Kai Tak airstrip for a consideration of HK$3.38 billion ($433.3 million), just two weeks after joining with New World Development to acquire… Read More>>
Kaisa Group Holdings and China Aoyuan Group joined China Evergrande Group on center stage in China’s defaulting developer drama late this past week as all three Hong Kong-listed builders cautioned that default scenarios loomed.
“In light of the current liquidity… Read More>>
Singapore-listed Keppel REIT is jumping back into Sydney’s booming office market, with the trust adding a sixth asset to its Australia portfolio for a total development consideration of A$327.7 million ($234.1 million), according to an announcement to the Singapore stock… Read More>>
Years after its international airport closed down, a former landing strip in Hong Kong’s Kai Tak area has again become a centre of activity in recent weeks with China Overseas Land & Investment announcing on 26 November that it has… Read More>>
Hong Kong’s local investors are taking advantage of the city’s accelerating industrial market, with “Minibus King” Ma Ah-muk recording an en-bloc disposal of a Kwun Tong industrial building this month for HK$390 million ($50 million), or HK$6,657 per square foot.
Cash-strapped Kaisa Group is the latest mainland developer to offload assets in a scramble to repay debts, as the Shenzhen builder has now agreed to sell its half stake in a once-prized residential site on Hong Kong’s former Kai Tak… Read More>>
ESR is proposing to convert its first Hong Kong industrial asset into a 40MW data centre, about six months after acquiring Brilliant Cold Storage Tower 2 from the family of the late local tycoon Tang Shing Bor for $230.8 million.
Hong Kong developers are rushing to meet growing demand for new homes amid a chronic supply shortage, with CK Asset Holdings applying to rezone a New Territories industrial site into a residential project that could supply up to 4,706 flats… Read More>>
