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Johnson Place Chai Wan

Hong Kong Motor Maker Puts Chai Wan Building on Market for HK$1.2B

Johnson Place Chai Wan

2018/09/06 by Emma Zhou Leave a Comment

Hong Kong’s Chai Wan property market may get a little hotter this month as a converted industrial building is auctioned off on the east end of Hong Kong island.

The 11-storey Johnson Place will be offered to interested buyers via public… Read More>>

Hong Kong’s Chai Wan property market may get a little hotter this month as a converted industrial building is auctioned … Read more>>>

Levertech Centre

Local Family Buys Kowloon East Industrial Building for HK$1.3B

Levertech Centre

2018/09/06 by Emma Zhou Leave a Comment

Hong Kong’s developing business hub in Kowloon East notched its latest sale of an aging industrial building this week as a local family bought the 25-storey Levertech Center for HK$1.3 billion ($165.60 million).

The buyer of the 118,000 square foot… Read More>>

Hong Kong’s developing business hub in Kowloon East notched its latest sale of an aging industrial building this week as … Read more>>>

Qian Jiangnong Fosun

$700M Fosun Tourism IPO Offers a Stake in Money-Losing Travel Unit

Qian Jiangnong Fosun

2018/09/04 by Emma Zhou Leave a Comment

Fosun Tourism, a recently spun off unit of Hong Kong-listed Fosun International filed proof of an IPO application with the Hong Kong stock exchange on Monday that revealed the latest step in what the company is said to plan as… Read More>>

Fosun Tourism, a recently spun off unit of Hong Kong-listed Fosun International filed proof of an IPO application with … Read more>>>

Wang Yonghong Zhonghong

Mainland Developer Announces Default on RMB 2.27B in Debt as White Knight Goes Dark

Wang Yonghong Zhonghong

2018/09/04 by Emma Zhou Leave a Comment

Zhonghong Holdings, the real estate developer controlled by tycoon Wang Yonghong announced last week that it had defaulted on RMB 1.1 billion ($160 million) in credit obligations in the month of July, bringing the Beijing-based company’s total past-due obligations to… Read More>>

Zhonghong Holdings, the real estate developer controlled by tycoon Wang Yonghong announced last week that it had … Read more>>>

Li Sze-Lim

Guangzhou R&F Aims for RMB 13B Bond After RMB 6B Note Sale Shot Down

Li Sze-Lim

2018/09/03 by Emma Zhou Leave a Comment

Top 20 mainland developer R&F Property had a RMB 6 billion corporate bond plan officially terminated by the Shanghai Exchange last week, despite a trend toward mainland regulators re-opening domestic bond issues for real estate companies.

The canceled notes, which… Read More>>

Top 20 mainland developer R&F Property had a RMB 6 billion corporate bond plan officially terminated by the Shanghai … Read more>>>

Evergrande executive Xu Hai Jun

Evergrande Vows to Put Profit Above Scale After Building China’s Largest Land Bank

Evergrande executive Xu Hai Jun

2018/09/02 by Emma Zhou Leave a Comment

China’s Evergrande Group, the country’s second largest property developer by sales in 2017, said it would shift its development model from pursuing top line growth, to achieving efficiency and quality after it announced a record jump in profit in its… Read More>>

China’s Evergrande Group, the country’s second largest property developer by sales in 2017, said it would shift its … Read more>>>

Greenland's Oriental Garden Shanghai

Greenland Hong Kong Reports 267% Jump in Core Profit

Greenland's Oriental Garden Shanghai

2018/08/30 by Richard Meyer Leave a Comment

Greenland Hong Kong Holdings, the Hong Kong-listed subsidiary of China’s sixth largest developer, reported a 267 percent rise in first-half core net profits, which exclude revaluations and some one-offs. It is the fourth major Chinese property company to report strong… Read More>>

Greenland Hong Kong Holdings, the Hong Kong-listed subsidiary of China's sixth largest developer, reported a 267 percent … Read more>>>

ji qi huazhu

China’s Biggest Hotel Operator Leaks 500M Customer Records in Data Breach

ji qi huazhu

2018/08/30 by Emma Zhou Leave a Comment

Huazhu Hotels Group, a NASDAQ-listed hotel operator known for its chains of economy hostelries in China, including Home Inn and 7 Days Inn, was revealed by mainland network security organisation JDSEC Team as having been the victim of a hack… Read More>>

Huazhu Hotels Group, a NASDAQ-listed hotel operator known for its chains of economy hostelries in China, including Home … Read more>>>

Westgate shopping centre

CapitaLand Sells 70% Stake in Singapore’s Westgate Mall for S$789.6M

Westgate shopping centre

2018/08/30 by Emma Zhou Leave a Comment

CapitaLand announced on August 27th that the company is selling its 70 percent stake in the Westgate shopping centre in Singapore to its CapitaLand Mall Trust (CMT) affiliate for S$789.6 million ($578.6 million). The transaction, which is expected to be… Read More>>

CapitaLand announced on August 27th that the company is selling its 70 percent stake in the Westgate shopping centre in … Read more>>>

Arthur Hayes

Cryptocurrency Trader Rents Priciest Office Ever in World’s Most Expensive Real Estate Market

Arthur Hayes

2018/08/28 by Emma Zhou Leave a Comment

The second-largest bitcoin exchange globally may now be taking one of the world’s highest office rental bills after agreeing to pay a record HK$225 ($28.67) per square foot per month to lease a full floor of the Cheung Kong Center… Read More>>

The second-largest bitcoin exchange globally may now be taking one of the world’s highest office rental bills after … Read more>>>

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