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Mico Chung, Chairman and Executive Director of CSI Properties

CSI Properties Notches Hong Kong’s Largest Office Lease of 2023 in Kowloon East Project

Mico Chung, Chairman and Executive Director of CSI Properties

2023/08/23 by Kaycee Valmonte Leave a Comment

CSI Properties has landed Hong Kong largest office lease so far this year with the company signing up Hong Kong’s Hospital Authority for its Harbourside HQ project in Kowloon Bay, with the administrator of Hong Kong’s government hospitals and health… Read More>>

CSI Properties has landed Hong Kong largest office lease so far this year with the company signing up Hong Kong’s … Read more>>>

Evergrande Real Estate Group Chairman of the Board Hui Ka-yan (Getty Images)

Evergrande Reassures on Controls and Processes After Internal Review

Evergrande Real Estate Group Chairman of the Board Hui Ka-yan (Getty Images)

2023/08/23 by Christopher Caillavet Leave a Comment

China Evergrande has completed an internal review of its internal controls and procedures, along with issues raised by its former auditor over a $2 billion loan scheme, with the defaulted developer stating that the changes being made will satisfy listing… Read More>>

China Evergrande has completed an internal review of its internal controls and procedures, along with issues raised by … Read more>>>

Henderson Land Profit Jumps 25% as Bosses Flag Sluggish Hong Kong Market

2023/08/23 by Christopher Caillavet Leave a Comment

Henderson Land Development posted a 25 percent year-on-year jump in six-month net profit to HK$5.96 billion ($760 million), but the blue-chip builder’s revenue from Hong Kong property development remained flat as the city’s real estate market slumped in the second… Read More>>

Henderson Land Development posted a 25 percent year-on-year jump in six-month net profit to HK$5.96 billion ($760 … Read more>>>

PropertyGuru chief executive officer Hari V. Krishnan

PropertyGuru Exiting Indonesia as SE Asia Expansion Fails to Produce Profit

PropertyGuru chief executive officer Hari V. Krishnan

2023/08/22 by Beatrice Laforga Leave a Comment

PropertyGuru, an online property marketplace backed by KKR and TPG, plans to pull out of the Indonesian market this year as Singapore firm retreats from a Southeast Asian expansion that has generated three years of red ink.

In a statement… Read More>>

PropertyGuru, an online property marketplace backed by KKR and TPG, plans to pull out of the Indonesian market this year … Read more>>>

FEC chairman and CEO David Chiu

Hong Kong-Backed Star Entertainment Sued for $270M by Brisbane Casino Contractor

FEC chairman and CEO David Chiu

2023/08/22 by Christopher Caillavet Leave a Comment

Australia’s Star Entertainment Group has been sued in a Queensland court by the contract builder of a Brisbane resort and casino project co-owned with Hong Kong-based partners Chow Tai Fook Enterprises and Far East Consortium.

The claim by Multiplex Constructions… Read More>>

Australia’s Star Entertainment Group has been sued in a Queensland court by the contract builder of a Brisbane resort … Read more>>>

John Mowat UBS

UBS AM Bets Big on Japan Multi-Family With $230M Tokyo Development Project

John Mowat UBS

2023/08/21 by Christopher Caillavet Leave a Comment

UBS Asset Management has launched a multi-family development project in east-central Tokyo that is expected to be worth $230 million upon completion, as Japan’s red-hot rental residential market continues to soak up foreign capital.

The project in Koto ward’s Kiba… Read More>>

UBS Asset Management has launched a multi-family development project in east-central Tokyo that is expected to be worth … Read more>>>

Chavalit Frederick Tsao, chairman of IMC Group

Shipping Firm IMC Buys Office Floor Near Singapore’s Orchard Road for $18M

Chavalit Frederick Tsao, chairman of IMC Group

2023/08/21 by Beatrice Laforga Leave a Comment

An investment company which controls one of Asia’s largest family-owned shipping firms has snapped up an office floor near Singapore’s Orchard Road for S$24 million ($17.7 million) as the city-state’s strata office market continues to gather steam.

IMC Group, founded… Read More>>

An investment company which controls one of Asia's largest family-owned shipping firms has snapped up an office floor … Read more>>>

Chen Xuping Longfor

Longfor H1 Profit Edges Up 0.6% as Q1 Strength Outweighs Recent Slide

Chen Xuping Longfor

2023/08/19 by Christopher Caillavet Leave a Comment

Longfor Group Holdings said its first-half core profit rose 0.6 percent year-on-year to RMB 6.6 billion ($910 million), as one of China’s biggest developers escaped the first half with a profit, thanks to a strong first quarter.

While revenue fell… Read More>>

Longfor Group Holdings said its first-half core profit rose 0.6 percent year-on-year to RMB 6.6 billion ($910 million), … Read more>>>

Xu Jiayin of Evergrande (Getty Images)

Evergrande Onshore Unit Probed by Regulator Over Alleged Disclosure Violations

Xu Jiayin of Evergrande (Getty Images)

2023/08/17 by Beatrice Laforga Leave a Comment

China Evergrande Group said on Wednesday that it is facing a probe by China’s securities watchdog on alleged violations of rules regarding disclosure of financial information, with the embattled property developer later that day saying it will delay a scheduled… Read More>>

China Evergrande Group said on Wednesday that it is facing a probe by China’s securities watchdog on alleged violations … Read more>>>

Yang Huiyan Country Garden

Country Garden Raises Doubts on Onshore Bond Payments as Offshore Default Looms

Yang Huiyan Country Garden

2023/08/17 by Christopher Caillavet Leave a Comment

Chinese developer Country Garden appears headed for a full-scale restructuring after announcing Wednesday that “significant uncertainties” exist regarding the settlement of onshore bonds with an issued amount in excess of RMB 14.6 billion ($2 billion).

The lion’s share of the… Read More>>

Chinese developer Country Garden appears headed for a full-scale restructuring after announcing Wednesday that … Read more>>>

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