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Swire's Guy Bradley

Swire Properties Takes on More Hong Kong Projects Despite Challenging 2022 1H

Swire's Guy Bradley

2022/08/14 by Iris Hong Leave a Comment

Swire Properties saw revenue decrease by 26 percent in the first half of the year to HK$6.70 billion ($855 million) while its underlying net profit slid 8 percent to $4.14 billion as its retail and hotel businesses were hit by… Read More>>

Swire Properties saw revenue decrease by 26 percent in the first half of the year to HK$6.70 billion ($855 million) … Read more>>>

CK Asset's Li Ka-Shing

CK Asset Sells Home in Hong Kong’s Repulse Bay at Discount as Market Slides

CK Asset's Li Ka-Shing

2022/08/14 by Pawara Laothamatas Leave a Comment

A house at CK Asset’s 90 Repulse Bay Road project was sold for HK$75,000 ($9,557) per square foot this past week, setting a record for the lowest unit price at the luxury property against a backdrop of sliding values for… Read More>>

A house at CK Asset’s 90 Repulse Bay Road project was sold for HK$75,000 ($9,557) per square foot this past week, … Read more>>>

Ebisu gramercy

Gaw Capital Expects $4B in Japan Investments and More Asia Real Estate Headlines

Ebisu gramercy

2022/08/14 by Michael Cole Leave a Comment

A falling yen is helping to boost the appeal of Japanese real estate assets, according to Gaw Capital Partners, with a story on the Hong Kong private equity shop’s growing interest in Asia’s second-largest economy leading our headline roundup today…. Read More>>

A falling yen is helping to boost the appeal of Japanese real estate assets, according to Gaw Capital Partners, with a … Read more>>>

Kwek Leng Beng

CDL H1 Profit Soars to Record High After Unloading Millennium Hilton Seoul

Kwek Leng Beng

2022/08/12 by Christopher Caillavet Leave a Comment

City Developments Ltd on Thursday posted a first-half net profit of S$1.1 billion (now $800 million), a record-high result propelled by a one-time gain from the Singapore-based builder’s divestment of the Millennium Hilton Seoul hotel.

Revenue in the first six… Read More>>

City Developments Ltd on Thursday posted a first-half net profit of S$1.1 billion (now $800 million), a record-high … Read more>>>

swire building

Swire Pacific’s $500M Repurchase Plan Sparks Rally and More Asia Real Estate Headlines

swire building

2022/08/12 by Proud Channara Leave a Comment

In today’s roundup of regional news headlines, Swire Pacific’s Hong Kong-listed shares rally after the group announces a $500 million buyback, US-based Barings inks a deal to acquire Australian firm Altis Property Partners, and a think tank with Beike ties… Read More>>

In today’s roundup of regional news headlines, Swire Pacific’s Hong Kong-listed shares rally after the group announces a … Read more>>>

Tomson Group chairman and managing director, Hsu Feng

Admiralty Office Floor Sells at Five-Year Low Price in Slow Hong Kong Market

Tomson Group chairman and managing director, Hsu Feng

2022/08/11 by Beatrice Laforga Leave a Comment

Hong Kong-listed developer Tomson Group is acquiring an office floor in Admiralty for HK$193 million ($25 million), clinching the asset at a unit price of HK$18,161 per square foot which is reportedly the lowest in five years amid muted market… Read More>>

Hong Kong-listed developer Tomson Group is acquiring an office floor in Admiralty for HK$193 million ($25 million), … Read more>>>

Singapore Data Centre Operator to Enter Seoul Market with $400M Project

2022/08/11 by Beatrice Laforga Leave a Comment

Singapore-based hyperscale specialist Empyrion DC plans to invest up to $400 million developing a green 40-megawatt data centre in Seoul’s Gangnam district, as it joins the growing squad of foreign firms crowding into South Korea’s digital infrastructure market.

The subsidiary… Read More>>

Singapore-based hyperscale specialist Empyrion DC plans to invest up to $400 million developing a green 40-megawatt data … Read more>>>

Peter Woo of Wharf

Wharf Holdings H1 Profit Down 95% as Lockdowns Put Clamps on Activity

Peter Woo of Wharf

2022/08/11 by Christopher Caillavet Leave a Comment

Wharf Holdings on Wednesday said its profit attributable to shareholders plunged 95 percent year-on-year to HK$57 million ($7.3 million) in the first half of 2022 as COVID-19 lockdowns in mainland China and Hong Kong caused “severe hardships” to the group’s… Read More>>

Wharf Holdings on Wednesday said its profit attributable to shareholders plunged 95 percent year-on-year to HK$57 … Read more>>>

Rayzone Beijing

APAC Commercial Property Investment Down 17% in H1 as Deal Activity Cools

Rayzone Beijing

2022/08/11 by Christopher Caillavet Leave a Comment

Investment in Asia Pacific commercial real estate tumbled 17 percent year-on-year to $70.9 billion in the first half of 2022 as deal activity eased in several of the region’s major economies, according to JLL.

The office sector remained APAC’s most… Read More>>

Investment in Asia Pacific commercial real estate tumbled 17 percent year-on-year to $70.9 billion in the first half of … Read more>>>

Gauri Shankar Nagabhushanam, CEO, India Business Parks, CapitaLand Investment

CapitaLand Investment to Double India Assets to $8B and More Asia Real Estate Headlines

Gauri Shankar Nagabhushanam, CEO, India Business Parks, CapitaLand Investment

2022/08/10 by Proud Channara Leave a Comment

In today’s roundup of regional news headlines, Singapore’s CapitaLand Investment announces plans to double assets under investment in India, a Hong Kong official throws doubt on a potential waiver of the stamp duty on home purchases, and buyers snap up… Read More>>

In today’s roundup of regional news headlines, Singapore’s CapitaLand Investment announces plans to double assets under … Read more>>>

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