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David chan ping chi

Hong Kong’s Cassette King Sells Stake in the Center at 35% Off

David chan ping chi

2020/08/26 by Michael Cole Leave a Comment

One of the most prominent members of an investment consortium which paid a record $5.15 billion to purchase an office building in Hong Kong’s Central district in November 2017 has just sold a chunk of his holdings in the 73-storey… Read More>>

One of the most prominent members of an investment consortium which paid a record $5.15 billion to purchase an office … Read more>>>

Leung Moon Lam

Mainland Property Tycoon Loses 31% on Hong Kong Office Sale

Leung Moon Lam

2020/08/23 by Elizabeth Utley Leave a Comment

A founder of a Hong Kong-listed mainland developer appears to have taken a 30 percent haircut on an office investment in the New Territories as the city’s commercial real estate market continues to slip this year.

A set of three… Read More>>

A founder of a Hong Kong-listed mainland developer appears to have taken a 30 percent haircut on an office investment in … Read more>>>

Samsung Hub Singapore

Singapore’s Sun Venture Tries for Record Office Price as Market Rebounds

Samsung Hub Singapore

2020/08/19 by Jonathan Burgos Leave a Comment

Singapore-based Sun Venture is aiming for a record price for a set of strata floors in the city’s urban core as investor demand returns to the financial hub.

The investment manager has put up for sale floors nine and 10… Read More>>

Singapore-based Sun Venture is aiming for a record price for a set of strata floors in the city’s urban core as investor … Read more>>>

stan tang hong kong

Hong Kong’s Billionaire Shop King Sued for HK$12M in Back Rent

stan tang hong kong

2020/08/18 by Elizabeth Utley Leave a Comment

Tang Shing-Bor, known in Hong Kong as the “Shop King” has hit a patch of legal trouble after failing to pay more than HK$12 million ($1.5 million) in rent, according to local news reports.

The owners of a building at… Read More>>

Tang Shing-Bor, known in Hong Kong as the “Shop King” has hit a patch of legal trouble after failing to pay more than … Read more>>>

Rushabh Desai, CEO Allianz Real Estate Asia Pacific

Allianz Buying Tokyo Apartment Portfolio for $160M

Rushabh Desai, CEO Allianz Real Estate Asia Pacific

2020/08/17 by Michael Cole Leave a Comment

Allianz Real Estate announced today that it has agreed to spend $160 million to add to its portfolio of Japanese apartments on behalf of its APREAP Core 1 Fund.

The property investment unit of the European insurance giant is acquiring… Read More>>

Allianz Real Estate announced today that it has agreed to spend $160 million to add to its portfolio of Japanese … Read more>>>

xu jiayin

Alibaba, Tencent, Huatai Lead $3B Investment in Evergrande Spin-Off Pre-IPO

xu jiayin

2020/08/16 by Skye Li Leave a Comment

Some of Greater China’s largest investors have agreed to pay a total of HK$23.5 billion ($3 billion) for stakes in China Evergrande’s property management unit ahead of an anticipated IPO in Hong Kong, according to an announcement late last week.

… Read More>>

Some of Greater China’s largest investors have agreed to pay a total of HK$23.5 billion ($3 billion) for stakes in China … Read more>>>

Ming Mei GLP THUMB

Vantone Buys Hong Kong Hotel at 30% Discount as Tourist Drought Continues

Ming Mei GLP THUMB

2020/08/16 by Elizabeth Utley Leave a Comment

A hotel in Hong Kong’s Sai Ying Pun district recently changed hands for HK$310 million ($40 million), taking a 30 percent shave off the HK$450 million asking price when it was put on the market in May.

Beijing-based Vantone Holdings,… Read More>>

A hotel in Hong Kong’s Sai Ying Pun district recently changed hands for HK$310 million ($40 million), taking a 30 … Read more>>>

Christina Gaw tb2

Gaw Capital Raises $900M for Education, Property Deals

Christina Gaw tb2

2020/08/13 by Elizabeth Utley Leave a Comment

Hong Kong-based property investment firm Gaw Capital Partners has won a fresh investment mandate totaling $900 million, the company announced in a statement this week.

The capital commitment, which comes from an unnamed institutional investor, will be… Read More>>

Hong Kong-based property investment firm Gaw Capital Partners has won a fresh investment mandate totaling $900 million, … Read more>>>

Robinson Point in Singapore

Singapore Office Building Selling for S$500M, 34% Over Valuation

Robinson Point in Singapore

2020/08/10 by Jonathan Burgos Leave a Comment

Tuan Sing Holdings has agreed to sell the Robinson Point office building near Singapore’s Raffles Place central business district for S$500 million ($364.2 million), or 34 percent over the property’s book value, notching an above market deal after real estate… Read More>>

Tuan Sing Holdings has agreed to sell the Robinson Point office building near Singapore’s Raffles Place central business … Read more>>>

Hong Kong's 'Shoe King' Mr Frank Leung

Building on Hong Kong’s Nathan Road Retail Strip Sells at 50% Off

Hong Kong's 'Shoe King' Mr Frank Leung

2020/08/10 by Diana Li Leave a Comment

A 16-storey building on Kowloon’s bustling Nathan Road commercial strip sold this past week at a 50 percent discount as Hong Kong’s property market continues to slide.

According to local media citing Land Registry records, the Tung Cheong Commercial Building… Read More>>

A 16-storey building on Kowloon’s bustling Nathan Road commercial strip sold this past week at a 50 percent discount as … Read more>>>

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