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adrain cheng nwd

New World Said Closing In on $1.2B Sale of Kowloon Mall to China Resources

adrain cheng nwd

2024/08/30 by Kevin He Leave a Comment

A unit of state-run China Resources is in talks to acquire a Tsim Sha Tsui shopping complex from Hong Kong’s New World Development as it continues to expand its retail footprint in the Asian financial hub.

China Resources Longdation is… Read More>>

A unit of state-run China Resources is in talks to acquire a Tsim Sha Tsui shopping complex from Hong Kong’s New World … Read more>>>

CapitaLand US managing director and country head Dang Phan

CapitaLand Sells US Apartment Complex for $73M and More Asia Real Estate Headlines

CapitaLand US managing director and country head Dang Phan

2024/08/30 by Michael Cole Leave a Comment

CapitaLand leads today’s headline roundup at Mingtiandi, with the Singaporean giant completing the disposal of a US apartment complex. Also making the list, Chinese developer Shimao posts a massive six-month loss and casino operator The Star receives bad news from… Read More>>

CapitaLand leads today’s headline roundup at Mingtiandi, with the Singaporean giant completing the disposal of a US … Read more>>>

"King of Cassettes" David Chan Ping-chi

Hong Kong’s Cassette King Sells Two Floors in The Center to DBS for $169M

"King of Cassettes" David Chan Ping-chi

2024/08/29 by Kevin He Leave a Comment

Hong Kong tycoon David Chan Ping-chi is offloading his remaining holdings in Hong Kong’s fifth tallest building with the sale of his last two floors in the Center, after valuations for space in the 73-storey office tower plummeted by more… Read More>>

Hong Kong tycoon David Chan Ping-chi is offloading his remaining holdings in Hong Kong’s fifth tallest building with the … Read more>>>

Yukitaka Ohara of Fukuoka REIT

Japan’s Fukuoka REIT Buying Beds and Sheds for $89M, Selling Office Block for $44M

Yukitaka Ohara of Fukuoka REIT

2024/08/29 by Christopher Caillavet Leave a Comment

Japan’s Fukuoka REIT is joining the beds-and-sheds trend, with the trust based in Fukuoka prefecture agreeing to the forward purchase of a warehouse project and apartment development on the southern island of Kyushu for a total of JPY 12.9 billion… Read More>>

Japan's Fukuoka REIT is joining the beds-and-sheds trend, with the trust based in Fukuoka prefecture agreeing to the … Read more>>>

Stuart Gibson, ESR Group Co-founder and Co-CEO

ESR Completes 25MW First Phase of Osaka Data Centre Campus

Stuart Gibson, ESR Group Co-founder and Co-CEO

2024/08/29 by Christopher Caillavet Leave a Comment

Hong Kong-listed ESR has finished the 25-megawatt first phase of its flagship data centre project in Osaka, as the developer looks to profit from Japan’s booming demand for cloud services.

The industrial specialist and fund manager completed the core and… Read More>>

Hong Kong-listed ESR has finished the 25-megawatt first phase of its flagship data centre project in Osaka, as the … Read more>>>

hong kong housing

Hong Kong Home Price Decline Accelerated in July and More Asia Real Estate Headlines

hong kong housing

2024/08/29 by Michael Cole Leave a Comment

Hong Kong’s housing market woes lead this edition of Mingtiandi’s headline roundup, as private home prices fall for a third straight month and at a quickened pace. In other news, China Resources Land reports a steep profit drop and Malaysia’s… Read More>>

Hong Kong’s housing market woes lead this edition of Mingtiandi’s headline roundup, as private home prices fall for a … Read more>>>

Lotte REIT CEO Kim So Yon

Korea’s Lotte REIT Buys Gangnam Commercial Tower From Mastern Fund for $247M

Lotte REIT CEO Kim So Yon

2024/08/28 by Kevin He Leave a Comment

A real estate investment trust sponsored by Korea’s fifth largest conglomerate is acquiring its first non-retail asset with Lotte REIT announcing on Monday that it is buying a hotel and office tower in Seoul’s Gangnam district from a vehicle controlled… Read More>>

A real estate investment trust sponsored by Korea’s fifth largest conglomerate is acquiring its first non-retail asset … Read more>>>

Matthew Ong, SLB Development

30 Speakers Set to Take the Stage at Mingtiandi Singapore Forum on 10 September

Matthew Ong, SLB Development

2024/08/28 by Michael Cole Leave a Comment

With less than two weeks remaining before the event, 30 speakers are preparing to take the stage at the Mingtiandi Singapore Forum on 10 September as experts from Brookfield Asset Management, Bain Capital and ESR get ready to discuss top… Read More>>

With less than two weeks remaining before the event, 30 speakers are preparing to take the stage at the Mingtiandi … Read more>>>

Akira Shimada, president and CEO of NTT

NTT Data Buys Johor Site From Malaysia’s Tropicana for $88M

Akira Shimada, president and CEO of NTT

2024/08/28 by Christopher Caillavet Leave a Comment

The IT services arm of Japanese telecom giant NTT has acquired an expanse of land in Malaysia’s southern Johor state for MYR 383 million ($88 million).

Malaysian developer Tropicana Corp on Monday signed a sale and purchase agreement with NTT… Read More>>

The IT services arm of Japanese telecom giant NTT has acquired an expanse of land in Malaysia’s southern Johor state for … Read more>>>

Robert Ng of Sino Land

Sino Land Profit Drops 25% on Revaluation Loss

Robert Ng of Sino Land

2024/08/28 by Christopher Caillavet Leave a Comment

Hong Kong developer Sino Land’s annual attributable profit fell 25 percent to HK$4.4 billion ($560 million) as investment property markdowns ate into earnings.

The builder controlled by tycoon Robert Ng booked a revaluation loss on the investment portfolio of HK$580… Read More>>

Hong Kong developer Sino Land’s annual attributable profit fell 25 percent to HK$4.4 billion ($560 million) as … Read more>>>

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