Carrefour has opened its first-ever smart supermarket in Shanghai in partnership with Tencent, four months after the parent company of China’s ubiquitous WeChat app bought a stake in the French retailer. The Le Marche store in China’s commercial capital is… Read More>>
Alibaba-Backed Kr Space Debuts in Hong Kong with 7-Floor Wan Chai Lease
Kr Space, the co-working spinoff of Alibaba-backed technology platform 36Kr, has picked Hong Kong for its first centre outside of mainland China, leasing seven stories in the One Hennessy office building in Wan Chai while it looks to open other… Read More>>
Kai Tak Mega-Deal Fuels Home Price Surge and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, property developers in the city have reacted quickly to the record-shattering land sale in the Kai Tak area last week by raising prices for new residential units, with price hikes of as much… Read More>>
Ascendas India Trust Buys Amazon’s Hyderabad Home in $200M Deal
Amazon will soon have a new landlord in India’s fourth largest city, as Ascendas India Trust announced today that it is acquiring seven buildings in a business park in Hyderabad.
The Singapore-listed affiliate of developer Ascendas-Singbridge is paying a combined… Read More>>
$300M Novena Site Adds to Singapore’s $2.1B Week of Land Sales
A privatised government-built estate in Singapore’s Novena neighbourhood was sold for S$402 million ($299 million) in a collective sale tender late last week, adding to a total of S$2.88 billion ($2.1 billion) of residential and mixed-use land sales in the… Read More>>
New World, FEC, SC Global Win Orchard Road Site for $309M
Hong Kong’s New World Development and Far East Consortium (FEC) have teamed up with Singapore’s SC Global Developments to win a luxury residential site near Singapore’s prime shopping area Orchard Road, after placing a record S$410 million ($309 million) bid… Read More>>
Hsin Chong Defaults on $300M in Bonds and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, listed builder Hsin Chong Group announced it won’t pay its $300 million senior notes that were due on Friday, becoming the second Asian company after Noble Group to default on US dollar bonds… Read More>>
Kailong to Invest in Mainland Warehouses with Beijing Enterprises
Warburg Pincus-backed real estate investment manager Kailong is teaming up with a Chinese state-owned firm to make its first foray into logistics properties.
Kailong signed a strategic partnership with Beijing Enterprises Real Estate, the property arm of state-owned Beijing Enterprises… Read More>>
HK Tops NYC for Priciest Luxury Homes and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, the city has retained its crown as the world’s priciest market for luxury homes, edging out New York, London and other centres of extravagance. Also in the headlines, local property firm Easyknit International… Read More>>
ESR Sets Up Offshore Fund to Buy $1B in Mainland Logistics Projects
Pan-Asian logistics developer ESR is joining with Beijing Properties to set up an offshore fund which would acquire logistics projects worth RMB 6.4 billion ($1 billion) from the mainland builder. The move came a day after Warburg Pincus-backed ESR received… Read More>>
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