Woods Bagot, an international architecture company which designed Hong Kong tycoon Joseph Lau’s iconic mall The One, announced it has appointed Stephen Jones as its new regional executive chair for China. Jones takes over the top position for the company’s… Read More>>
Gaw US Fund III Secures $100M in New Cash
Hong Kong-based private equity real estate fund manager Gaw Capital Partners has raised another $50 million for its Gaw US Fund III commingled fund, according to a report in West Coast property news site The Registry citing a board meeting… Read More>>
New World’s Victoria Dockside Breaks Record For Kowloon Office Rents
New World Development’s K11 Atelier tower on the Tsim Sha Tsui waterfront has just leased out a full mid-level floor for a monthly rent of HK$2.6 million ($332,413), or HK$95 per square foot, according to a media report. The rate… Read More>>
Former Swire CEO Keith Kerr’s Debut HK Project Sells Nearly 50% of Units
Former Swire Properties chairman Keith Kerr’s The Development Studio (tds) has completed its first real estate project with nearly half of the units already sold.
Facing the Soho entertainment neighborhood in Hong Kong’s Sheung Wan area, 28 Aberdeen Street is… Read More>>
China Taiping and Friends Buy HK Office Tower From Henderson for $1.3B
Henderson Land Development has signed an agreement to sell an office tower in Hong Kong’s North Point for HK$9.95 billion ($1.27 billion), to mainland-backed firm Fans Group Limited, according to media accounts. The reported deal would set a new record… Read More>>
Country Garden Tops Evergrande to Take China’s 2017 Real Estate Sales Crown
Guangdong-based Country Garden achieved contracted sales of RMB 580.8 billion ($89.3 billion) in 2017 to oust billionaire Xu Jiayin’s Evergrande Real Estate from its position as China’s biggest selling developer and seize the title as mainland sales king, figures from… Read More>>
Shui On Group’s $701M Dalian Project Sale Hits a Snag
Companies belonging to Shui On Group have signed contracts to sell over RMB 8 billion in projects in the past two months, but the Shanghai-based property firm may have to wait a bit longer to receive at least half that… Read More>>
ARA Hires Chia Nam Toon as Assistant CEO
ARA Asset Management has appointed Chia Nam Toon as its new assistant chief executive officer effective from the beginning of this month, according to an announcement from the property investment firm. Chia is responsible for overseeing the operation of the… Read More>>
CapitaLand Divests Stake in Indian Mall Portfolio for $54M
CapitaLand is selling its stake in six malls and a 50 percent share of a mall management company in India for $53.8 million, according to a statement released Friday. The Singaporean property giant is selling off its share of the… Read More>>
JLL Names CK Lau Head of Valuations for Asia in Reshuffle
JLL announced personnel changes to its Greater China valuation business on the first day of 2018, in a bid to better serve the needs of clients and the firm, the property consultancy said in a press release. The change comes… Read More>>