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China Beijing PBOC

China’s PBOC Cuts Bank Reserve Requirements and More Asia Real Estate Headlines

China Beijing PBOC

2022/11/28 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, analysts applaud China’s 25-basis-point RRR cut but say further measures are needed, developer CIFI escapes a short-lived winding-up attempt, and an investment vehicle owned by APG and GIC acquires a Paris hotel.

Read More>>

In today’s roundup of regional news headlines, analysts applaud China’s 25-basis-point RRR cut but say further measures … Read more>>>

Ou Zongrong Zhenro

Asia Real Estate People in the News 2022-11-28

Ou Zongrong Zhenro

2022/11/28 by Michael Cole Leave a Comment

Top-level turnover at mainland developers leads Mingtiandi’s roundup of personnel movements from around Asia again this week, as Zhenro Group becomes the latest defaulting builder to see its chairman step aside and Longfor Group names a new board member. Also… Read More>>

Top-level turnover at mainland developers leads Mingtiandi’s roundup of personnel movements from around Asia again this … Read more>>>

Gordon Tang Singhaiyi

Mainland Investors Gordon, Celine Tang Make Buyout Offer for Singapore’s Chip Eng Seng 

Gordon Tang Singhaiyi

2022/11/27 by Beatrice Laforga Leave a Comment

Mainland billionaire couple Celine and Gordon Tang are moving to further consolidate control over their Singapore property empire by taking developer Chip Eng Seng private in an all-cash buyout offer that values the company at S$565 million ($411 million).

The… Read More>>

Mainland billionaire couple Celine and Gordon Tang are moving to further consolidate control over their Singapore … Read more>>>

Angela Zhao GLP China

GLP Reaches Final Closing of 7th China Income Fund With $743M in Assets

Angela Zhao GLP China

2022/11/25 by Christopher Caillavet Leave a Comment

GLP on Friday announced the final closing of the seventh fund in the warehouse specialist’s China income fund series with RMB 5.4 billion ($743 million) in assets under management, coming less than a month after the final closing of the… Read More>>

GLP on Friday announced the final closing of the seventh fund in the warehouse specialist’s China income fund series … Read more>>>

Bank of America Tower (Getty Images)

Fashion Boss Losing Floor at HK’s Bank of America Tower and More Asia Real Estate Headlines

Bank of America Tower (Getty Images)

2022/11/25 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, a fading fashion tycoon loses an office floor in Hong Kong’s Central as receivers shop the property, and China’s central bank will reportedly dangle cheap loans as an incentive to buy developer bonds.

… Read More>>

In today’s roundup of regional news headlines, a fading fashion tycoon loses an office floor in Hong Kong’s Central as … Read more>>>

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

China Evergrande Asks for Reprieve After Wuhan Govt Seizes 11 Sites

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

2022/11/25 by Christopher Caillavet Leave a Comment

Embattled developer China Evergrande is seeking a review of a decision by Wuhan officials to reclaim from the developer 11 plots of land designated for a tourism-focused residential project.

The 11 undeveloped parcels taken back by the government have a… Read More>>

Embattled developer China Evergrande is seeking a review of a decision by Wuhan officials to reclaim from the developer … Read more>>>

Tripp Gantt, Manulife US REIT

Manulife US REIT Names Citi Unit as Advisor for Strategic Review

Tripp Gantt, Manulife US REIT

2022/11/25 by Mingtiandi Team Leave a Comment

Singapore-listed Manulife US Real Estate Investment Trust (REIT) has appointed a financial adviser to conduct a strategic review after reporting disappointing third quarter results.

Citigroup Global Markets Singapore will “undertake a review of a variety of options available to Manulife… Read More>>

Singapore-listed Manulife US Real Estate Investment Trust (REIT) has appointed a financial adviser to conduct a … Read more>>>

Sun Hung Kai Raymond Kwok

SHKP Wins Kowloon East Commercial Site for $38M

Sun Hung Kai Raymond Kwok

2022/11/25 by Iris Hong Leave a Comment

Sun Hung Kai Properties has bested three competing bidders to win a tender for a retail site in Hong Kong’s Kowloon East, at a price more than 50 percent less per square foot than what Link REIT paid in late… Read More>>

Sun Hung Kai Properties has bested three competing bidders to win a tender for a retail site in Hong Kong’s Kowloon … Read more>>>

Kevin Lam of Cushman & Wakefield

Hong Kong’s Tsim Sha Tsui Named World’s 2nd Most Expensive Shopping Spot

Kevin Lam of Cushman & Wakefield

2022/11/24 by Mingtiandi Team Leave a Comment

Hong Kong has not only lost its crown for having the most expensive retail district globally, the Chinese territory’s top-end shopping has also migrated to unfashionable Kowloon.

The latest Cushman & Wakefield survey of main streets shows Manhattan’s Upper Fifth… Read More>>

Hong Kong has not only lost its crown for having the most expensive retail district globally, the Chinese territory's … Read more>>>

stuart-porter pwc

Singapore Reclaims Title as Most Desirable Investment Destination From Tokyo

stuart-porter pwc

2022/11/24 by Mingtiandi Team Leave a Comment

Singapore has edged out Tokyo as the most favoured Asia Pacific property investment destination in 2023, reclaiming a title it previously held two years running, according to a report released this week.

The nonprofit Urban Land Institute, which issued the… Read More>>

Singapore has edged out Tokyo as the most favoured Asia Pacific property investment destination in 2023, reclaiming a … Read more>>>

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