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Evergrande Real Estate Group Chairman of the Board Hui Ka-yan attends Evergrande Real Estate result announcement at the JW Marriott in Admiralty. 29MAR16 SCMP/ Nora Tam

Receivers Take Over Hong Kong Mansions From Entities Linked to Evergrande Boss

Evergrande Real Estate Group Chairman of the Board Hui Ka-yan attends Evergrande Real Estate result announcement at the JW Marriott in Admiralty. 29MAR16 SCMP/ Nora Tam

2023/11/22 by Beatrice Laforga Leave a Comment

A creditor has taken over two mansions on Hong Kong’s Peak once valued at a reported HK$1.5 billion ($192 million) in the latest seizure of assets linked to fallen mainland billionaire Xu Jiayin and his China Evergrande Group.

Land Registry… Read More>>

A creditor has taken over two mansions on Hong Kong’s Peak once valued at a reported HK$1.5 billion ($192 million) in … Read more>>>

China’s Wanda Delaying $600 million Bond Payment

China’s Wanda Delaying $600M Bond Payment and More Asia Real Estate Headlines

China’s Wanda Delaying $600 million Bond Payment

2023/11/22 by Ponrath Sopannarath Leave a Comment

China’s Dalian Wanda is asking creditors to give it another year to repay a $600 million offshore bond, with that story leading today’s real estate headlines from around the region. Also in the news, Blackstone says it’s not selling its… Read More>>

China’s Dalian Wanda is asking creditors to give it another year to repay a $600 million offshore bond, with that story … Read more>>>

Michael Smith Hongkong Land

Hongkong Land Names Mapletree’s Smith Chief Executive as Office Slump Continues

Michael Smith Hongkong Land

2023/11/21 by Michael Cole 1 Comment

The biggest landlord in Hong Kong’s Central district is headed to a second straight year of declining profits and the owner of Exchange Square and Jardine House now plans new leadership in 2024, according to an announcement on Tuesday.

Hongkong… Read More>>

The biggest landlord in Hong Kong’s Central district is headed to a second straight year of declining profits and the … Read more>>>

Cheng Kar-Shun, NWD

New World’s Henry Cheng Says Searching for Successor, May Opt for External Candidate

Cheng Kar-Shun, NWD

2023/11/21 by Kevin He Leave a Comment

Hong Kong property and retail tycoon Henry Cheng Kar-shun says he is still looking for a successor to run the family’s business and did not rule out selecting an external candidate, throwing into question the role of his eldest son,… Read More>>

Hong Kong property and retail tycoon Henry Cheng Kar-shun says he is still looking for a successor to run the family’s … Read more>>>

Josh Chen Sheng

State-Owned Mainland Investor Buying Control of Vnet Data Centres in $299M Deal

Josh Chen Sheng

2023/11/21 by Poonyapat Luenam Leave a Comment

A state-run mainland investor is buying $299 million of new shares in Chinese data centre operator Vnet in a deal that will hand control of the Blackstone and GIC-backed company to the Shandong provincial government company.

A pair of subsidiaries… Read More>>

A state-run mainland investor is buying $299 million of new shares in Chinese data centre operator Vnet in a deal that … Read more>>>

Xian Yang Wong of Cushman & Wakefield

Social Club in Singapore’s Bukit Timah to Make Way for More Housing

Xian Yang Wong of Cushman & Wakefield

2023/11/21 by Beatrice Laforga Leave a Comment

A private club in Singapore’s upscale Bukit Timah area is set to make way for more housing in one of the city-state’s most exclusive districts, once its lease expires in three years, as the government continues to expand housing supply.

… Read More>>

A private club in Singapore’s upscale Bukit Timah area is set to make way for more housing in one of the city-state’s … Read more>>>

China Housing

China Lists 50 Real Estate Firms Eligible for Funding and More Asia Real Estate Headlines

China Housing

2023/11/21 by Ponrath Sopannarath Leave a Comment

Chinese regulators are said to be drafting a list of 50 developers which will eligible for financing as part of a state-backed bailout, with that story leading Mingtiandi’s headline roundup today. Also in the news, McDonald’s agrees to buy Carlyle’s… Read More>>

Chinese regulators are said to be drafting a list of 50 developers which will eligible for financing as part of a … Read more>>>

MTR Tung Chung

Hong Kong Residential Tender Failures in Past 22 Months Surpass 2015-2021 Total

MTR Tung Chung

2023/11/20 by Kevin He Leave a Comment

The number of failed residential development tenders in Hong Kong over the last 22 months has surpassed that of the previous seven years, according to a report by consultancy JLL.

The government has withdrawn four residential sites from tenders since… Read More>>

The number of failed residential development tenders in Hong Kong over the last 22 months has surpassed that of the … Read more>>>

Rahul Pandit

Blackstone in Need of New CEO for India Industrial Platform as Rahul Pandit Departs

Rahul Pandit

2023/11/20 by Poonyapat Luenam Leave a Comment

Having established a portfolio of 17 industrial developments across eight major markets in India, Blackstone is looking for new leadership for its Horizon Industrial Parks joint venture in the country, Mingtiandi can confirm.

Rahul Pandit, who served as chief executive… Read More>>

Having established a portfolio of 17 industrial developments across eight major markets in India, Blackstone is looking … Read more>>>

Alan Cheong, Alan Cheong, executive director for research at Savills

Mall Rents in Singapore’s Orchard Area Up 1.3% in Q3 as Visitors Return

Alan Cheong, Alan Cheong, executive director for research at Savills

2023/11/20 by Beatrice Laforga Leave a Comment

Mall rents in Singapore’s famed Orchard Road shopping area inched up by 1.3 percent in the third quarter from the preceding three months on the back of a rebound in travel and the ongoing rejuvenation in the area.

Average passing… Read More>>

Mall rents in Singapore’s famed Orchard Road shopping area inched up by 1.3 percent in the third quarter from the … Read more>>>

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