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Kaisa Group Holdings Limited Chairman and Executive Director Kwok Ying-shing

Kaisa Warns of Further Losses as Winding-Up Hearing Looms

Kaisa Group Holdings Limited Chairman and Executive Director Kwok Ying-shing

2023/08/24 by Christopher Caillavet Leave a Comment

Kaisa Group Holdings on Wednesday warned of a likely loss in the range of RMB 6 billion to RMB 7 billion ($820 million to $960 million) for the first half of the year, adding to the mainland builder’s sea of… Read More>>

Kaisa Group Holdings on Wednesday warned of a likely loss in the range of RMB 6 billion to RMB 7 billion ($820 million … Read more>>>

View of residential buildings at the Mid-Levels

Hong Kong Residential Projects Hit Lowest Sales Rates in 5 Years

View of residential buildings at the Mid-Levels

2023/08/24 by Kaycee Valmonte Leave a Comment

New project launches by Hong Kong developers achieved their lowest initial sales rate in five years during the first half of 2023, with only 55 percent of the 7,600 homes completed during the period having found buyers on their first… Read More>>

New project launches by Hong Kong developers achieved their lowest initial sales rate in five years during the first … Read more>>>

Shui On's Xintiandi project in Shanghai

Shui On Land Profit Up 37% on Surging Sales and More Asia Real Estate Headlines

Shui On's Xintiandi project in Shanghai

2023/08/24 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, mainland-focused developer Shui On Land posts upbeat first-half results as high interest rates punish Hong Kong builder K Wah. Also on the list are WeWork’s restructuring and Goldman’s China analysis.

… Read More>>

In today’s roundup of regional news headlines, mainland-focused developer Shui On Land posts upbeat first-half results … Read more>>>

Jeffrey Perlman Warburg Pincus

ESR Boosts AUM 9% Despite Global Market Slide

Jeffrey Perlman Warburg Pincus

2023/08/23 by Beatrice Laforga Leave a Comment

ESR Group grew its assets under management (AUM) 9 percent from a year ago to $147 billion by the end of June, the company said on Wednesday, despite rising interest rates and a slower market for asset sales.

“Despite a… Read More>>

ESR Group grew its assets under management (AUM) 9 percent from a year ago to $147 billion by the end of June, the … Read more>>>

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>>>

Hyatt Regency Tokyo

Goldman, KKR, Blackstone Snap Up Japan Hotels and More Asia Real Estate Headlines 

Hyatt Regency Tokyo

2023/08/23 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, some of the world’s top fund managers pile into Japan hotel assets, and China’s state media clarifies its stance on houses as investments. Also on the list, Hong Kong’s abysmal home sales and… Read More>>

In today’s roundup of regional news headlines, some of the world’s top fund managers pile into Japan hotel assets, and … 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>>>

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