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Shimao Group Chairman Xu Rongmao

UOB Aims to Buy Out HK$10B Loan for Shimao Kowloon Project 

Shimao Group Chairman Xu Rongmao

2022/09/22 by Iris Hong Leave a Comment

After suing troubled mainland builder Shimao Group Holdings in July over an overdue debt linked to a Hong Kong residential project, Singapore’s United Overseas Bank Ltd (UOB) has settled its dispute with the defaulting developer at the same time it… Read More>>

After suing troubled mainland builder Shimao Group Holdings in July over an overdue debt linked to a Hong Kong … Read more>>>

Digital Realty CEO A William Stein

Digital Core REIT Plans Stakes in Digital Realty Data Centres in Frankfurt, Dallas

Digital Realty CEO A William Stein

2022/09/22 by Christopher Caillavet Leave a Comment

Singapore-listed Digital Core REIT has entered into a deal with its sponsor, US server-hosting giant Digital Realty, to acquire a stake in a German data centre and a potential interest in a Texas facility, subject to market conditions.

Under the… Read More>>

Singapore-listed Digital Core REIT has entered into a deal with its sponsor, US server-hosting giant Digital Realty, to … Read more>>>

Hong Kong Monetary Authority2

Hong Kong’s Key Rate Jumps 75 Basis Points and More Asia Real Estate Headlines

Hong Kong Monetary Authority2

2022/09/22 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, Hong Kong’s de facto central bank raises its base rate to the highest level since March 2008, prompting the city’s finance chief to issue a statement downplaying the likelihood of a sharp property… Read More>>

In today’s roundup of regional news headlines, Hong Kong’s de facto central bank raises its base rate to the highest … Read more>>>

pan sutong trophy

Hong Kong’s Goldin Financial Global Centre Sold After Two Year Battle

pan sutong trophy

2022/09/21 by Michael Cole Leave a Comment

Hong Kong’s Goldin Financial Global Centre has sold after a two year struggle over the Kowloon East office tower.

A social media post by Savills, which has been managing a tender of the 28-storey building on behalf of creditors stiffed… Read More>>

Hong Kong’s Goldin Financial Global Centre has sold after a two year struggle over the Kowloon East office tower. A … Read more>>>

Henderson executive director Augustine Wong Ho Ming

Henderson Land Bags 3rd of 4 Sites for Kowloon Project With $150M Buy

Henderson executive director Augustine Wong Ho Ming

2022/09/21 by Christopher Caillavet Leave a Comment

Henderson Land Development secured the third of four adjoining sites for a Hong Kong residential project with Tuesday’s HK$1.2 billion ($150 million) compulsory sale of an ageing building in Kowloon’s To Kwa Wan neighbourhood.

The acquisition of the 12,290 square… Read More>>

Henderson Land Development secured the third of four adjoining sites for a Hong Kong residential project with Tuesday’s … Read more>>>

Kenneth Ng Kar Wai Wing Tai

Wing Tai, Vanke Win Tender for New Territories Site with $100M Bid 

Kenneth Ng Kar Wai Wing Tai

2022/09/21 by Iris Hong Leave a Comment

Wing Tai Properties Limited and China Vanke on Tuesday won a tender for a residential site in Hong Kong’s Sha Tin district with a bid of HK$786.4 million (US$100 million), exceeding analyst predictions despite the city’s biggest housing downturn in… Read More>>

Wing Tai Properties Limited and China Vanke on Tuesday won a tender for a residential site in Hong Kong’s Sha Tin … Read more>>>

Lim Beng Chee

Shangri-La CEO Lim Beng Chee to Retire at Year-End

Lim Beng Chee

2022/09/21 by Christopher Caillavet Leave a Comment

Shangri-La Asia has announced the retirement of chief executive Lim Beng Chee, as C-suite turnover continues at the hospitality firm controlled by the family of billionaire Robert Kuok.

Lim will step down from his roles as executive director and CEO… Read More>>

Shangri-La Asia has announced the retirement of chief executive Lim Beng Chee, as C-suite turnover continues at the … Read more>>>

hsbc-building-london

HSBC Boss Says China Crisis Just Getting Started and More Asia Real Estate Headlines

hsbc-building-london

2022/09/21 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, the head of HSBC warns of at least two more years of pain in China’s commercial property market, Yanlord Land Group announces its subsidiary’s winning tender for the Lentor Central site in Singapore,… Read More>>

In today’s roundup of regional news headlines, the head of HSBC warns of at least two more years of pain in China’s … Read more>>>

Yang Guoqiang Country Garden

Country Garden Downgraded by S&P as Weak Sales Squeeze Liquidity

Yang Guoqiang Country Garden

2022/09/20 by Christopher Caillavet Leave a Comment

S&P Global Ratings downgraded Country Garden on Monday after the business performance of China’s top developer by sales failed to meet expectations and stirred doubts about the group’s liquidity in the years ahead.

S&P lowered its long-term issuer credit rating… Read More>>

S&P Global Ratings downgraded Country Garden on Monday after the business performance of China’s top developer by … Read more>>>

ESR, Nuveen, EdgeConneX, JLL See Room For Growth In Japan, Korea Data Centres: MTD TV

2022/09/20 by Beatrice Laforga Leave a Comment

https://player.vimeo.com/video/751519729?h=c3b74d15ebVideo can’t be loaded because JavaScript is disabled: Mingtiandi APAC Data Centre Forum 2022: Opportunities for Data Centres in Japan and Korea (https://player.vimeo.com/video/751519729?h=c3b74d15eb)

  Despite challenges from inflation and power supply constraints, senior leaders from ESR, Nuveen,… Read More>>

https://player.vimeo.com/video/751519729?h=c3b74d15eb   Despite challenges from inflation and power supply … Read more>>>

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