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China Probes Bank Real Estate Loans and More Asia Real Estate Headlines

2022/08/18 by Proud Channara Leave a Comment

China’s growing anxiety over its shaky real estate market leads our headline roundup today, with news emerging that the country’s main financial regulator is sifting through bank loan portfolios for risks. Also in the news, Hong Kong’s economic doldrums spell… Read More>>

China’s growing anxiety over its shaky real estate market leads our headline roundup today, with news emerging that the … Read more>>>

Tom Ko C&W

$409M Project Sale in Hong Kong’s Causeway Bay Linked to Shenzhen Developer

Tom Ko C&W

2022/08/17 by Pawara Laothamatas Leave a Comment

A 63-year-old building in Hong Kong’s Causeway Bay shopping district has been snatched up for HK$3.2 billion ($408.5 million) with local media reports linking the buyer to a mainland developer which plans to develop a “Ginza-style” office and retail project… Read More>>

A 63-year-old building in Hong Kong's Causeway Bay shopping district has been snatched up for HK$3.2 billion ($408.5 … Read more>>>

CICC Huang Zhaohui

CICC Expands into Kowloon’s ICC as Hong Kong Banking Evolves

CICC Huang Zhaohui

2022/08/17 by Pawara Laothamatas Leave a Comment

China International Capital Corporation (CICC) is leasing one and a half floors in Kowloon’s International Commerce Centre (ICC) against a backdrop of sliding rents and rising vacancy in Hong Kong’s office market.

The Hong Kong unit of banking giant CICC,… Read More>>

China International Capital Corporation (CICC) is leasing one and a half floors in Kowloon's International Commerce … Read more>>>

Singapore Private Home Sales to Slide After July Surge as Supply Dwindles

2022/08/17 by Beatrice Laforga Leave a Comment

Developer sales of private homes in Singapore rose 70.9 percent to 834 units in July from 488 homes sold in June. However, the upswing is expected to be short-lived, as analysts point to shrinking inventories and a limited… Read More>>

Developer sales of private homes in Singapore rose 70.9 percent to 834 units in July from 488 homes sold in June. … Read more>>>

Shan Weijian PAG

PAG Could Delay $2B Hong Kong IPO and More Asia Real Estate Headlines

Shan Weijian PAG

2022/08/17 by Proud Channara Leave a Comment

Asia’s roiling markets may have capsized an IPO expected to be among the biggest this year as reports emerge that PAG is backing away from its plan for a public listing. Also in the news, China Huarong Asset Management warns… Read More>>

Asia’s roiling markets may have capsized an IPO expected to be among the biggest this year as reports emerge that PAG is … Read more>>>

Xia Haijun, CEO of Evergrande

Evergrande, PwC Investigated Over Failure to Report $2B Loan Scheme

Xia Haijun, CEO of Evergrande

2022/08/16 by Iris Hong Leave a Comment

Hong Kong’s accounting watchdog has launched a probe into the property services arm of embattled developer China Evergrande and its erstwhile auditor PricewaterhouseCoopers, related to a RMB 13.4 billion ($2 billion) loan scheme that led to the developer firing its… Read More>>

Hong Kong’s accounting watchdog has launched a probe into the property services arm of embattled developer China … Read more>>>

Amit-Diwan HINES

Hines Set to Enter Mumbai Market with 30-Storey Office Project

Amit-Diwan HINES

2022/08/16 by Michael Cole Leave a Comment

Hines is taking on its first project in India’s commercial capital with the US developer and fund manager this week announcing plans for a 30-storey office development in Mumbai.

The Houston-based firm said the project, which is part of a… Read More>>

Hines is taking on its first project in India’s commercial capital with the US developer and fund manager this week … Read more>>>

David Green-Morgan RCA

APAC Industrial Property Investment Plunges 62% as Yields Fizzle

David Green-Morgan RCA

2022/08/16 by Christopher Caillavet Leave a Comment

Investment in Asia Pacific industrial property totalled $7.2 billion in the second quarter, plunging 62 percent from the record levels achieved during the same period a year earlier, as higher borrowing costs and swelling asset values compressed yield spreads in… Read More>>

Investment in Asia Pacific industrial property totalled $7.2 billion in the second quarter, plunging 62 percent from the … Read more>>>

Serena Teo Ascott

Ascott Residence Trust to Buy 9 Overseas Assets and More Asia Real Estate Headlines

Serena Teo Ascott

2022/08/16 by Proud Channara Leave a Comment

CapitaLand-managed Ascott Residence Trust is continuing to diversify beyond hospitality assets with news of its latest acquisition leading today’s collection of property headlines. Also in the news, China’s central government is taking further steps to prop up a select group… Read More>>

CapitaLand-managed Ascott Residence Trust is continuing to diversify beyond hospitality assets with news of its latest … Read more>>>

Chang Rui Hua ESR

Chinachem Takes 49% Stake in ESR Hong Kong Logistics Project

Chang Rui Hua ESR

2022/08/16 by Michael Cole Leave a Comment

ESR has found a partner for a HK$11 billion ($1.4 billion) logistics project which it purchased last month in Hong Kong, with the industrial specialist announcing a joint venture on Monday with local developer Chinachem Group.

Entering the logistics sector… Read More>>

ESR has found a partner for a HK$11 billion ($1.4 billion) logistics project which it purchased last month in Hong Kong, … Read more>>>

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