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Far East Finance Centre

New Price Records Set in Hong Kong as Mainlanders Buy Up Office Space

Far East Finance Centre

2017/11/15 by Greg Isaacson Leave a Comment

A high floor of Hong Kong’s Far East Finance Centre in Admiralty has sold for HK$540 million ($69 million) to what is said to be a mainland buyer. The deal, which equates to a price per square foot of HK$50,000… Read More>>

A high floor of Hong Kong's Far East Finance Centre in Admiralty has sold for HK$540 million ($69 million) to what is … Read more>>>

David Chow Macau

Landmark Macau Hotel and Casino Complex To Sell for $590M

David Chow Macau

2017/11/14 by Greg Isaacson Leave a Comment

Casino billionaire David Chow’s Macau Legend Development is poised to sell the Landmark Macau hotel and gambling complex for HK$4.6 billion ($590 million), shedding one of its two flagship properties in the gambling mecca.

The Hong Kong-listed firm has announced… Read More>>

Casino billionaire David Chow's Macau Legend Development is poised to sell the Landmark Macau hotel and gambling complex … Read more>>>

PAG Calls for Strategic Review of Spring REIT as Management Battle Boils Over

2017/11/13 by Greg Isaacson Leave a Comment

Alternative investment manager PAG Real Estate is calling for an external strategic review of Spring REIT by January 2018, following a failed effort to remove the REIT’s manager at an extraordinary general meeting held last week.

The move comes less… Read More>>

Alternative investment manager PAG Real Estate is calling for an external strategic review of Spring REIT by January … Read more>>>

CBRE GI Aims $1B at Asia’s Logistics Sector After Latest Fund Close

2017/11/08 by Greg Isaacson Leave a Comment

CBRE Global Investors will be adding more Asian properties to its $98.3 billion in global assets under management, as the Los Angeles-based firm has announced the final closing of a $1 billion Asia real estate fund.

Warehouse-focussed vehicle Asia Value… Read More>>

CBRE Global Investors will be adding more Asian properties to its $98.3 billion in global assets under management, as … Read more>>>

New World Keeps Shanghai Complex in the Family with $278M Sale

2017/11/07 by Greg Isaacson Leave a Comment

It’s been a long time since bargains were available in Shanghai’s property market, but a director of Hong Kong-listed New World Development just picked up a mixed-use project in the city’s Zhongshan Park area at an attractive price.

The property… Read More>>

It's been a long time since bargains were available in Shanghai's property market, but a director of Hong Kong-listed … Read more>>>

Xu Jiayin

Evergrande Raises $9.05B in Run-Up to Mainland Listing

Xu Jiayin

2017/11/06 by Michael Cole Leave a Comment

China’s famously indebted developer now appears to be among the most sought after by investors, after China Evergrande Group attracted RMB 60 billion ($9.05 billion) in investment in the run-up to its long-awaited mainland listing.

Ranked as China’s largest developer… Read More>>

China’s famously indebted developer now appears to be among the most sought after by investors, after China Evergrande … Read more>>>

Li Ka-shing

Li Ka-shing Sets New HK Record with $5.15B Sale of The Center to Mainland-Backed Group

Li Ka-shing

2017/11/02 by Michael Cole Leave a Comment

Hong Kong’s richest man just sold the city’s most expensive building for HK$40.2 billion ($5.15 billion), according to an announcement today by Li Ka-shing’s CK Asset Holdings to the Hong Kong stock exchange.

CK Asset, which was formerly known as… Read More>>

Hong Kong’s richest man just sold the city’s most expensive building for HK$40.2 billion ($5.15 billion), according to … Read more>>>

Broderick Storie PAG

PAG Demands Legal Action as REIT Goes Rogue

Broderick Storie PAG

2017/11/01 by Greg Isaacson Leave a Comment

A feud between a Hong Kong-listed real estate investment trust and one its biggest unit holders is ramping up, with alternative investment manager PAG demanding action by Hong Kong regulators over what it deems to be misleading statements by the… Read More>>

A feud between a Hong Kong-listed real estate investment trust and one its biggest unit holders is ramping up, with … Read more>>>

Lui Che Woo

Hong Kong’s K Wah Reportedly Buying Sydney Tower for $146M

Lui Che Woo

2017/10/30 by Greg Isaacson Leave a Comment

K Wah Group may be the latest Asian investor to buy into Sydney’s heated commercial property market, as the Hong Kong-based property firm is reportedly poised to pick up a grade A office tower in the city’s financial district for… Read More>>

K Wah Group may be the latest Asian investor to buy into Sydney's heated commercial property market, as the Hong … Read more>>>

Poly Real Estate boss Song Guangju

Poly, SCPG Lead $1.3B Surge in Mainland Asset-Backed Securities This Month

Poly Real Estate boss Song Guangju

2017/10/28 by Greg Isaacson Leave a Comment

Two mainland real estate giants announced plans for as much as RMB 8.8 billion ($1.3 billion) in asset-backed securities in the last two weeks as the mainland’s real estate investment market opens to a financing alternative to traditional bank loans.

… Read More>>

Two mainland real estate giants announced plans for as much as RMB 8.8 billion ($1.3 billion) in asset-backed securities … Read more>>>

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