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Billionaire Developer Targets HK$700M Forced Sale in Western HK

2020/05/17 by Stephanie Li Leave a Comment

One of Hong Kong’s wealthiest men has moved a step closer to developing a residential complex in the city’s Sai Ying Pun district after successfully applying for a compulsory sale of the remaining units in a 61-year-old walk-up near the… Read More>>

One of Hong Kong’s wealthiest men has moved a step closer to developing a residential complex in the city’s Sai Ying Pun … Read more>>>

China housing

China Property Investment Rebounds in April and More Asia Real Estate Headlines 

China housing

2020/05/17 by James Hatton Leave a Comment

An April rebound leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that real estate investment has picked up in mainland China as the country emerges from lockdown.

In other news around the region,… Read More>>

An April rebound leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that real … Read more>>>

Thomas Lam

Hong Kong Government Cancels Kai Tak Land Sale as Bids Disappoint

Thomas Lam

2020/05/14 by James Hatton Leave a Comment

The Hong Kong government has scrapped the sale of the second-largest commercial site at Kai Tak, marking the latest blow to its plans for redeveloping the former airport site.

The city’s Lands Department said that it had cancelled the tender… Read More>>

The Hong Kong government has scrapped the sale of the second-largest commercial site at Kai Tak, marking the latest blow … Read more>>>

AXA Tower

Alibaba Takes on Half of S$365M Debt in SG’s AXA Tower Deal and More Asia Real Estate Headlines

AXA Tower

2020/05/14 by James Hatton Leave a Comment

A S$1.7 billion ($1.2 billion) Singapore commercial redevelopment leads Mingtiandi’s round up of Asia real estate headlines today as a stock market announcement reveals that China’s biggest e-commerce player has taken over 50 percent of a S$364.7 million debt obligation… Read More>>

A S$1.7 billion ($1.2 billion) Singapore commercial redevelopment leads Mingtiandi’s round up of Asia real estate … Read more>>>

Peninsula HK 86% Empty as Hong Kong and Shanghai Hotels Faces Global Crisis

2020/05/14 by James Hatton 2 Comments

Occupancy at Hong Kong’s famed Peninsula hotel plunged to 14 percent in the first three months of the year, as the owner of the 300-room luxury hotel – Hongkong and Shanghai Hotels – suffered from what chairman Sir Michael Kadoorie… Read More>>

Occupancy at Hong Kong’s famed Peninsula hotel plunged to 14 percent in the first three months of the year, as the owner … Read more>>>

Luckin Coffee Fires CEO, COO After RMB 2.2B in Sales Said Faked

2020/05/13 by James Hatton Leave a Comment

Luckin Coffee has sacked its chief executive and chief operating officers after internal investigations by the company brought to light further evidence of wrongdoing related to an accounting fraud scandal exposed by short seller Muddy Waters Research in January.

The… Read More>>

Luckin Coffee has sacked its chief executive and chief operating officers after internal investigations by the company … Read more>>>

David Green-Morgan RCA

APAC Real Estate Investment Plunges to Lowest Level Since 2008 Meltdown

David Green-Morgan RCA

2020/05/13 by James Hatton Leave a Comment

Commercial real estate investment in Asia Pacific hit its lowest level since the global financial crisis during the first three months of the year, as measures put in place to stop the spread of the coronavirus pandemic saw dealmaking almost… Read More>>

Commercial real estate investment in Asia Pacific hit its lowest level since the global financial crisis during the … Read more>>>

Andre Fu AFSO

Casino Heir Buys Office in Central for HK$73.8M and More Hong Kong Real Estate Headlines

Andre Fu AFSO

2020/05/13 by Stephanie Li Leave a Comment

Leading today’s Hong Kong real estate news, the heir of Macau casino tycoon Fu Tak Iam has decided to take a gamble on a strata title office floor in Central, while WeWork has surrendered leases amounting to 20 percent of… Read More>>

Leading today’s Hong Kong real estate news, the heir of Macau casino tycoon Fu Tak Iam has decided to take a gamble on a … Read more>>>

Scape Seals A$2B Aussie Student Digs Deal and More Asia Real Estate Headlines

2020/05/13 by James Hatton Leave a Comment

An Australian mega-deal leads the way in Mingtiandi’s roundup of Asia real estate headlines today as the Australian arm of a London-based student accommodation provider buys a portfolio of university digs down under.

In other news around the region, an… Read More>>

An Australian mega-deal leads the way in Mingtiandi’s roundup of Asia real estate headlines today as the Australian arm … Read more>>>

Samuel WT Chu and Benjamin KY Lee

Phoenix Said Seeking Buyer for Wan Chai Commercial Project at HK$330M

Samuel WT Chu and Benjamin KY Lee

2020/05/12 by James Hatton Leave a Comment

Phoenix Property Investors is seeking a buyer for a commercial redevelopment project in Hong Kong’s Wan Chai district at an asking price of HK$330 million ($43 million), according to people familiar with the matter who spoke to Mingtiandi.

The Hong… Read More>>

Phoenix Property Investors is seeking a buyer for a commercial redevelopment project in Hong Kong’s Wan Chai district at … Read more>>>

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