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Country Garden Chairman Yang Guoqiang

Country Garden, Longfor, Midea Selling $295M in Bonds to Prop Up Industry

Country Garden Chairman Yang Guoqiang

2022/05/17 by McDowell Ramintas Leave a Comment

Mainland developers Country Garden Holdings, Longfor Group and Midea Real Estate Holdings announced plans Monday to issue domestic bonds, with the combined RMB 2 billion ($295.4 million) barrage of local financing seen by analysts as a government-sponsored attempt to stimulate… Read More>>

Mainland developers Country Garden Holdings, Longfor Group and Midea Real Estate Holdings announced plans Monday to … Read more>>>

Kaisa's Mai Fan

Receivers Selling Kaisa Vice Chairman’s Villa for Reported $35M

Kaisa's Mai Fan

2022/05/16 by Pawara Laothamatas Leave a Comment

A high-end home in Hong Kong’s Pok Fu Lam neighbourhood has been put on the market by receivers, with local media reports identifying its former owner as Mai Fan, vice-chairman and chief executive officer of Kaisa Group who had seen… Read More>>

A high-end home in Hong Kong’s Pok Fu Lam neighbourhood has been put on the market by receivers, with local media … Read more>>>

Lee Chee Koon tb

CapitaLand Earnings Rise 16% Led by Fund Management Income

Lee Chee Koon tb

2022/05/15 by Alden Monzon Leave a Comment

CapitaLand Investment Ltd reported on Thursday that its first quarter income rose 16 percent to S$598 million ($428.5 million), carried mostly by its real estate investment business which saw an upswing in earnings despite the pandemic.

“Most of our markets… Read More>>

CapitaLand Investment Ltd reported on Thursday that its first quarter income rose 16 percent to S$598 million ($428.5 … Read more>>>

Paul Gately Baring

BPEA Buying Hilton Sydney From Bright Ruby for Record $365M

Paul Gately Baring

2022/05/12 by Michael Cole Leave a Comment

Baring Private Equity is making Australia’s biggest hotel purchase ever, with the Hong Kong-based firm agreeing to acquire the five-star Hilton Sydney from Bright Ruby Resources for A$530 million ($364.7 million), insiders confirmed on Thursday.

In addition to being the… Read More>>

Baring Private Equity is making Australia’s biggest hotel purchase ever, with the Hong Kong-based firm agreeing to … Read more>>>

sun hongbin

Sunac Misses Bond Deadline, Set to Default on $2.2B in Notes During May

sun hongbin

2022/05/12 by McDowell Ramintas Leave a Comment

Sunac China failed to pay $29.5 million in interest on $750 million in senior notes within a grace period that ended Wednesday, sending the mainland’s third-largest developer by contracted sales into default.

In a statement to the Singapore stock exchange,… Read More>>

Sunac China failed to pay $29.5 million in interest on $750 million in senior notes within a grace period that ended … Read more>>>

WEAVE LIVING CEO Sachin Doshi tb

Weave Paying $115M to Buy Third Hong Kong Hotel in 9 Months

WEAVE LIVING CEO Sachin Doshi tb

2022/05/11 by Beatrice Laforga Leave a Comment

Weave Living, through a joint venture with global investor Angelo Gordon, has agreed to purchase a hotel in Hong Kong Island’s Western district for HK$900 million ($115 million) from a property firm controlled by William Cheng, the son-in-law of Henderson… Read More>>

Weave Living, through a joint venture with global investor Angelo Gordon, has agreed to purchase a hotel in Hong Kong … Read more>>>

Hannah Jeong Colliers

CK Asset Sells Mid-Levels Luxury Homes for $50M as High-End Market Hangs On

Hannah Jeong Colliers

2022/05/11 by Pawara Laothamatas Leave a Comment

Two units on a high-level floor at CK Asset’s Mid-Levels luxury project sold last week for a combined HK$393.9 million ($50.1 million), showing the resilience of Hong Kong’s high-end housing market amid the COVID-led economic slowdown.

Hong Kong’s second-largest developer… Read More>>

Two units on a high-level floor at CK Asset's Mid-Levels luxury project sold last week for a combined HK$393.9 million … Read more>>>

john lim ara

Singapore’s ARA Eyes Exit From Office Tower in Perth for $65M 

john lim ara

2022/05/09 by Beatrice Laforga Leave a Comment

ARA Asset Management is marketing an office tower in Perth, Australia at an asking price of A$90 million ($65 million) in a bid to exit the nearly filled building as the market begins to rebound following the border reopening, marketing… Read More>>

ARA Asset Management is marketing an office tower in Perth, Australia at an asking price of A$90 million ($65 million) … Read more>>>

Tim Alpe

Brookfield Buys Hong Kong Storage Space From Hanison for $27M After Acquiring RedBox

Tim Alpe

2022/05/08 by Christopher Caillavet, Pawara Laothamatas Leave a Comment

Brookfield has agreed to acquire industrial assets in Hong Kong’s New Territories from Hanison Construction for HK$211.3 million ($26.9 million), following closely behind the Canadian asset management giant’s under-the-radar purchase of local self-storage operator RedBox.

The assets comprise workshops 1… Read More>>

Brookfield has agreed to acquire industrial assets in Hong Kong’s New Territories from Hanison Construction for HK$211.3 … Read more>>>

Neil Anderson

Hongkong Land Leases 3 Central Office Floors to White & Case

Neil Anderson

2022/05/08 by Pawara Laothamatas Leave a Comment

Hongkong Land has welcomed a former tenant back to its Central office portfolio after 15 years, announcing that global law firm White & Case had taken up three floors at York House, the developer’s Grade A office tower at 15… Read More>>

Hongkong Land has welcomed a former tenant back to its Central office portfolio after 15 years, announcing that global … Read more>>>

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