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Simon Smith of Savills

Hong Kong Retail Rents Not Likely to Rise More Than 5% in 2023

Simon Smith of Savills

2022/12/30 by Christopher Caillavet Leave a Comment

Investors hoping for a major turnaround in Hong Kong’s retail market in the new year may need to adjust their expectations, with property services firm Savills predicting that currently depressed rents are unlikely to rise by more than 5 percent… Read More>>

Investors hoping for a major turnaround in Hong Kong’s retail market in the new year may need to adjust their … Read more>>>

Nick Tang Wang On

Angelo Gordon, Wang On Buying Kowloon Hotel From New World for $260M

Nick Tang Wang On

2022/12/29 by Christopher Caillavet Leave a Comment

Wang On Properties has announced its first hospitality investment, teaming with US private equity shop Angelo Gordon to purchase the Pentahotel Hong Kong from New World Development for HK$2 billion ($260 million).

The 695-room hotel in Kowloon contains 285,000 square… Read More>>

Wang On Properties has announced its first hospitality investment, teaming with US private equity shop Angelo Gordon to … Read more>>>

AIA_CEO_Lee_Yuan_Siong

AIA Bags Shanghai Bargain with $716M North Bund Buy

AIA_CEO_Lee_Yuan_Siong

2022/12/29 by Mingtiandi Team Leave a Comment

Insurance giant AIA is diving into China’s commercial property sector by paying RMB 5 billion ($716 million) for a 90 percent stake in a retail-office complex in Shanghai’s Hongkou district, marking the largest cross-border investment in mainland real estate in… Read More>>

Insurance giant AIA is diving into China’s commercial property sector by paying RMB 5 billion ($716 million) for a 90 … Read more>>>

JD.com chairman Richard Liu

JD.Com Gets Nod to List $224M Warehouse REIT on Shanghai Exchange

JD.com chairman Richard Liu

2022/12/29 by Greg Isaacson Leave a Comment

Mainland regulators have given the green light for a real estate investment trust under Chinese e-commerce giant JD.com to list on the Shanghai Stock Exchange, marking the country’s third significant warehouse REIT as demand for logistics space continues to grow.

… Read More>>

Mainland regulators have given the green light for a real estate investment trust under Chinese e-commerce giant JD.com … Read more>>>

Ng Kiat MLT

Singapore’s Mapletree Logistics Trust Sells Changi Shed at 39% Premium

Ng Kiat MLT

2022/12/29 by Beatrice Laforga Leave a Comment

Mapletree Logistics Trust is selling an ageing warehouse near Singapore’s Changi International Airport to a local furniture retailer for S$22 million ($16.34 million), freeing up cash to invest in fresh assets, according to a bourse filing late Tuesday.

The trust’s… Read More>>

Mapletree Logistics Trust is selling an ageing warehouse near Singapore’s Changi International Airport to a local … Read more>>>

Jonathan Yap CapitaLand

CapitaLand Investment JV Selling Pune Tech Park to India Trust for $160M

Jonathan Yap CapitaLand

2022/12/29 by Christopher Caillavet Leave a Comment

A joint venture of Singapore-based CapitaLand Investment and Maharashtra Industrial Development Corporation has agreed to sell its entire stake in a Pune business park to CapitaLand India Trust for INR 13.5 billion ($160 million).

The SGX-listed fund management arm of… Read More>>

A joint venture of Singapore-based CapitaLand Investment and Maharashtra Industrial Development Corporation has agreed … Read more>>>

Kapolei West, Oahu, Hawaii

Oceanwide Completes Sale of Hawaii Site and More Asia Real Estate Headlines

Kapolei West, Oahu, Hawaii

2022/12/29 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, China Oceanwide unloads a Hawaiian development site at an amended price, Goldin’s Guangzhou commercial project fails to sell at auction for a second time, and Singapore’s SPH REIT gets a rebranding.

Read More>>

In today’s roundup of regional news headlines, China Oceanwide unloads a Hawaiian development site at an amended price, … Read more>>>

George Hongchoy, Executive Director & Chief Executive Officer, Link Asset Management Limited

Link REIT Buying Mercatus Malls for $1.6B in Singapore’s Biggest Deal of 2022

George Hongchoy, Executive Director & Chief Executive Officer, Link Asset Management Limited

2022/12/29 by Beatrice Laforga Leave a Comment

Hong Kong’s Link REIT is entering Singapore with a bang as it records the city’s largest real estate acquisition this year with a S$2.16 billion ($1.6 billion) purchase of a pair of suburban malls from Mercatus Co-operative Ltd, according to… Read More>>

Hong Kong’s Link REIT is entering Singapore with a bang as it records the city’s largest real estate acquisition this … Read more>>>

Yang Huiyan Country Garden

Country Garden Borrows $927M from Chairman and ICBC to Fill Cash Gap

Yang Huiyan Country Garden

2022/12/28 by Greg Isaacson Leave a Comment

Country Garden Holdings, the financially stressed Chinese real estate giant, has received a helping hand this week from the company’s co-chairman as well as the Industrial and Commercial Bank of China (ICBC) through two loans totalling $928 million.

China’s top… Read More>>

Country Garden Holdings, the financially stressed Chinese real estate giant, has received a helping hand this week from … Read more>>>

WONG Kin Yip, Freddie Midland

Hong Kong Agency Midland Warns of Loss as Home Sales Near 27-Year Low

WONG Kin Yip, Freddie Midland

2022/12/28 by Christopher Caillavet Leave a Comment

Hong Kong property agency Midland Holdings expects to report a full-year loss after recording an estimated net loss attributable to shareholders of HK$480 million ($61.6 million) for the first 11 months of 2022.

The anticipated result would reverse the company’s… Read More>>

Hong Kong property agency Midland Holdings expects to report a full-year loss after recording an estimated net loss … Read more>>>

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