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HQ in Mong Kok, Hong Kong

Schroders Sells Kowloon Office Tower for $45M as Hong Kong Opens Up

HQ in Mong Kok, Hong Kong

2023/01/17 by Greg Isaacson Leave a Comment

British asset management giant Schroders has sold a 15-storey office tower in Hong Kong’s Mong Kok area for HK$350 million ($44.8 million), more than three years after the property went on sale for double the price, according to local news… Read More>>

British asset management giant Schroders has sold a 15-storey office tower in Hong Kong’s Mong Kok area for HK$350 … Read more>>>

Xu Jiayin Evergrande

PwC Resigns as Evergrande Auditor Over Gaps in Financials

Xu Jiayin Evergrande

2023/01/17 by Christopher Caillavet Leave a Comment

PricewaterhouseCoopers has stepped down as auditor of China Evergrande’s books, citing the failure of the troubled developer to provide information related to its still-unreleased 2021 annual results.

The Big Four accounting firm said it was left in the dark when… Read More>>

PricewaterhouseCoopers has stepped down as auditor of China Evergrande’s books, citing the failure of the troubled … Read more>>>

Craig Pearce Nikota Capital

Japan’s Nikota Capital Launches Real Estate Brokerage Arm

Craig Pearce Nikota Capital

2023/01/17 by Christopher Caillavet Leave a Comment

Tokyo-based Nikota Capital has established Nikota Realty as a real estate brokerage division to help individual investors buy and sell apartments, houses and land in Japan.

Focused on the areas of central Tokyo, Niseko and Nagano, Nikota Realty is led… Read More>>

Tokyo-based Nikota Capital has established Nikota Realty as a real estate brokerage division to help individual … Read more>>>

China Housing (Getty Images)

China Property Investment Tumbled 10% Last Year and More Asia Real Estate Headlines

China Housing (Getty Images)

2023/01/17 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, China reports an exceedingly rare decline in property investment for the whole of 2022, and Singapore’s residential rents are seen continuing their surge this year.

China Property Investment Falls for… Read More>>

In today’s roundup of regional news headlines, China reports an exceedingly rare decline in property investment for the … Read more>>>

Leedon Green Singapore

Singapore Private Home Sales Hit Nearly 14-Year Low Amid Launch Lull

Leedon Green Singapore

2023/01/16 by Christopher Caillavet Leave a Comment

Developers sold a mere 170 new private homes in Singapore last month, the lowest monthly tally since 108 units were transacted in January 2009, according to government data released Monday.

The anaemic sales figures, which were updated by the Urban… Read More>>

Developers sold a mere 170 new private homes in Singapore last month, the lowest monthly tally since 108 units were … Read more>>>

Eric Gan FHT

Frasers Promotes Eric Gan to FHT CEO as Eu Chin Fen Takes Over Hospitality Division

Eric Gan FHT

2023/01/16 by Christopher Caillavet Leave a Comment

Following the failed privatisation of Frasers Hospitality Trust last September, sponsor Frasers Property has made a change at the top with the appointment of Eric Gan as CEO of the Singapore-listed REIT’s managers, succeeding Eu Chin Fen.

Eu in turn… Read More>>

Following the failed privatisation of Frasers Hospitality Trust last September, sponsor Frasers Property has made a … Read more>>>

Kaisa Group Holdings Limited Chairman and Executive Director Kwok Ying-shing at the Kaisa Group Holdings Limited Annual Results Announcement 2016 Press Conference at the The Landmark Mandarin Oriental in Central

Cash-Strapped Kaisa Group Sued for $102M Over Unpaid Debt

Kaisa Group Holdings Limited Chairman and Executive Director Kwok Ying-shing at the Kaisa Group Holdings Limited Annual Results Announcement 2016 Press Conference at the The Landmark Mandarin Oriental in Central

2023/01/16 by Greg Isaacson Leave a Comment

A Hong Kong investment firm is suing mainland builder Kaisa Group Holdings to recover $102.3 million in unpaid principal and interest, in another blow to the severely indebted developer as China’s real estate crisis drags on.

Oasis Capital Management filed… Read More>>

A Hong Kong investment firm is suing mainland builder Kaisa Group Holdings to recover $102.3 million in unpaid principal … Read more>>>

Mapletree Logistics Trust Subang 1 Malaysia

Mapletree Logistics Trust Selling Malaysia Sheds and More Asia Real Estate Headlines

Mapletree Logistics Trust Subang 1 Malaysia

2023/01/16 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, Mapletree Logistics Trust plans to raise some quick cash from the disposal of two warehouses in Malaysia, where the state’s largest pension fund is also eyeing asset sales.

Mapletree Logistics… Read More>>

In today’s roundup of regional news headlines, Mapletree Logistics Trust plans to raise some quick cash from the … Read more>>>

Vineet Sekhsaria Prologis

Asia Real Estate People in the News 2023-01-16

Vineet Sekhsaria Prologis

2023/01/16 by Michael Cole Leave a Comment

Alternatives lead this week’s collection of personnel moves from across Asia Pacific’s real estate sector, with the top three entries representing logistics, data centres and proptech. Also making the list is a senior appointment at CapitaLand’s Ascott division and a… Read More>>

Alternatives lead this week’s collection of personnel moves from across Asia Pacific’s real estate sector, with the top … Read more>>>

Guo Guangchang Fosun

China’s Fosun Receives $1.8B Loan from State-Owned Banks as Bailouts Continue

Guo Guangchang Fosun

2023/01/15 by Greg Isaacson Leave a Comment

A subsidiary of Chinese investment giant Fosun International has received a RMB 12 billion ($1.8 billion) loan from a syndicate of mainland banks, according to reports, as the Chinese government ramps up support for indebted private firms.

Shanghai Fosun High… Read More>>

A subsidiary of Chinese investment giant Fosun International has received a RMB 12 billion ($1.8 billion) loan from a … Read more>>>

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