CapitaLand Mall Trust (CMT) has sold the Sembawang Shopping Centre for S$248 million ($189 million), generating a net gain for the Singapore-listed real estate trust of S$119.6 million ($91 million), according to a statement to the stock exchange on Thursday.
Li Ka-shing Spends HK$130M Upping Stake in CK Asset and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, just weeks after announcing plans to retire, the city’s richest man Li Ka-shing spent HK$130 million ($17 million) to snap up shares in CK Asset Holdings in just two days. Also in the… Read More>>
Morgan Stanley Leads $100M Investment in China Rental Housing Operator QingKe
Morgan Stanley is entering China’s rental housing market for the first time by engaging in a $100 million fundraising round for a Chinese rental apartment operator. The investment by the 83-year-old US investment bank follows similar deals by compatriots including… Read More>>
InfraRed NF Buys HK Storage Startup for $50M as Niche Sector Heats Up
Two major buyouts have been announced in Asia’s self-storage industry in the past two weeks involving cash of more than $50 million, as the niche investment sector grows in popularity with the region’s property investors.
Private equity firm InfraRed NF… Read More>>
Junson’s Cai Pegged as Buyer of HK$1.4B Peak House and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, billionaire Cai Kui, co-founder of Longfor Properties and owner of Hong Kong-based Junson Capital, is now believed to be the buyer of a luxury house in the exclusive Mount Nicholson area in the… Read More>>
Evergrande Said to Bet $300M on Jia Yueting’s Faraday Future
Chinese property tycoon Sun Hongbin said he had never regretted anything until he blew $2 billion backing Jia Yueting’s troubled conglomerate LeEco. But the teary-eyed confession by the chairman of Sunac Holdings doesn’t seem to have given rival property baron… Read More>>
World’s Most Expensive Office Tower Ready to Be Sold Off Floor By Floor
Nearly six months after Li Ka-shing’s CK Asset Holdings sold Hong Kong’s The Center skyscraper to a consortium of investors for HK$40.2 billion ($5.15 billion), the world’s most expensive office building is poised to be divvied up among its new owners… Read More>>
Floor in Hong Kong’s World-Wide House Sells For HK$735M, Breaking Record Price
Hong Kong’s Central district has become the place where office price records go to be shattered. Less than a week after a floor in 9 Queen’s Road Central sold for a city-wide record of HK$60,000 ($7,643) per square foot, a… Read More>>
Shun Tak Centre Unit Sells for HK$83M and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, the city’s floor flippers continue to look for profit from office assets as a 2,508 square foot unit in Shun Tak Centre has reportedly been sold for HK$82.8 million. Also in the headlines,… Read More>>
JD.com Says It Will Open 1,000 Convenience Stores Every Day
China’s second-ranking e-commerce company continues to expand its online empire into the offline world as JD.com’s founder and chief executive vowed late last week to open 1,000 stores every day this year.
“As of last month, JD.com opened 1,000 convenience… Read More>>
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