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The Center Queen's Road

DBS Moves to Kwun Tong as SG Bank Cashes in on Hong Kong’s Red Hot Office Market

The Center Queen's Road

2018/04/26 by Shawna Kwan Leave a Comment

Singapore’s biggest bank is following the lead of US competitors Citibank and Goldman Sachs in moving its team out of Hong Kong’s Central district as office rents continue to rise in the core business area. For the Singaporean bank, the… Read More>>

Singapore’s biggest bank is following the lead of US competitors Citibank and Goldman Sachs in moving its team out of … Read more>>>

Chen Feng HNA

Faced with Financial Crisis, HNA Launches $1.5B Private Equity Fund

Chen Feng HNA

2018/04/25 by Shawna Kwan Leave a Comment

Needing to pay off $29 billion in financial liabilities by June 30th, embattled Chinese conglomerate HNA is seeking investors for a $1.5 billion investment vehicle so that the group can continue the acquisition streak that generated its current debt load,… Read More>>

Needing to pay off $29 billion in financial liabilities by June 30th, embattled Chinese conglomerate HNA is seeking … Read more>>>

Anthony-Couse

JLL Picks up Project and Construction Management Firm JCL in Manila

Anthony-Couse

2018/04/25 by Greg Isaacson Leave a Comment

Global real estate consultancy JLL is boosting its operations in the Philippines by scooping up a Manila-based project and construction management firm with over 40 staff.

JLL has acquired JCL International, which is led by senior partners John Morgan and… Read More>>

Global real estate consultancy JLL is boosting its operations in the Philippines by scooping up a Manila-based project … Read more>>>

Wang Yonghong Zhonghong

Chinese Developer Defaults on $364M in Debt One Year After $449M Blackstone Deal

Wang Yonghong Zhonghong

2018/04/24 by Shawna Kwan Leave a Comment

Less than one year after its offshore affiliate paid $449 million to buy a stake in Seaworld from Blackstone, and just nine months after that same unit failed in its $4 billion bid to buy out US senior living operator… Read More>>

Less than one year after its offshore affiliate paid $449 million to buy a stake in Seaworld from Blackstone, and just … Read more>>>

Lewis Tung

HK$660M Sale of Floor in Admiralty Office Tower Breaks Hong Kong Price Record – Again

Lewis Tung

2018/04/24 by Shawna Kwan Leave a Comment

Less than two weeks after a floor in 9 Queen’s Road Central claimed the title as the city’s most expensive strata-titled property, a floor in Far East Finance Centre has reportedly broken that short-lived price record.

The 33rd floor of… Read More>>

Less than two weeks after a floor in 9 Queen’s Road Central claimed the title as the city’s most expensive strata-titled … Read more>>>

Li Sze-lim Guangzhou R&F

HNA Sells Rights to Haikou Project to Guangzhou R&F for RMB 5.7B

Li Sze-lim Guangzhou R&F

2018/04/23 by Shawna Kwan Leave a Comment

Guangzhou R&F Properties, the white knight which bought out 70 Dalian Wanda hotels when Wang Jianlin’s commercial developer hit the wall financially, is now officially the partner of another embattled Chinese conglomerate. The Guangdong-based developer announced on Friday that it… Read More>>

Guangzhou R&F Properties, the white knight which bought out 70 Dalian Wanda hotels when Wang Jianlin’s commercial … Read more>>>

Edwin Leong

Hong Kong’s Shop King Consolidates Western Site with HK$810M Buy of Butterfly Hotel

Edwin Leong

2018/04/22 by Shawna Kwan Leave a Comment

Edwin Leong Siu-hung, chairman of property developer Tai Hung Fai Enterprise and one of Hong Kong’s wealthiest men, is consolidating a block of properties in Sai Ying Pun, two MTR stations west of Central after spending over HK$1.5 billion ($191… Read More>>

Edwin Leong Siu-hung, chairman of property developer Tai Hung Fai Enterprise and one of Hong Kong’s wealthiest men, is … Read more>>>

Lam Chi-fung

Hugo Lam Buys Kwun Tong Industrial Site for HK$1.6B With Plans for New Office Project

Lam Chi-fung

2018/04/21 by Shawna Kwan Leave a Comment

One of Hong Kong’s most aggressive real estate speculators is making good on a pledge of love for Kowloon East, as Hugo Lam Chi-fung has scooped up a Kwun Tong industrial site for HK$1.6 billion ($204 million).

This latest real… Read More>>

One of Hong Kong's most aggressive real estate speculators is making good on a pledge of love for Kowloon East, as Hugo … Read more>>>

GIC Invests $1.3B in Vingroup as VN Developer Readies for $2B Listing

2018/04/18 by Greg Isaacson Leave a Comment

Vietnam’s Vingroup has raised $1.3 billion from Singaporean sovereign wealth fund GIC as the country’s largest real estate developer prepares to list its luxury residential arm, Vinhomes JSC on the Ho Chi Minh City Stock Exchange.

Vingroup, which last year listed… Read More>>

Vietnam's Vingroup has raised $1.3 billion from Singaporean sovereign wealth fund GIC as the country's largest real … Read more>>>

Ryan Law Morgan Stanley

Morgan Stanley Leads $100M Investment in China Rental Housing Operator QingKe

Ryan Law Morgan Stanley

2018/04/18 by Shawna Kwan Leave a Comment

Morgan Stanley is entering China’s rental housing market for the first time by engaging in a $100 million fundraising round for a Chinese rental apartment operator. The investment by the 83-year-old US investment bank follows similar deals by compatriots including… Read More>>

Morgan Stanley is entering China’s rental housing market for the first time by engaging in a $100 million fundraising … Read more>>>

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