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Raymond Kwok Sun Hung Kai

Ping An Buying 30% of Sun Hung Kai West Kowloon Project for HK$11.27B

Raymond Kwok Sun Hung Kai

2020/04/30 by Michael Cole Leave a Comment

The financial muscle of one of China’s largest financial institutions was on display today as Sun Hung Kai Properties confirmed earlier reporting by Mingtiandi that Ping An Insurance was buying into its West Kowloon commercial project by announcing the mainland… Read More>>

The financial muscle of one of China’s largest financial institutions was on display today as Sun Hung Kai Properties … Read more>>>

Little-Known Player Outbids Wheelock, Vanke to Win Kowloon Site for HK$467M

2020/04/29 by Stephanie Li Leave a Comment

Local Hong Kong developer Capital Group Development Limited has won a residential site in Mong Kok for HK$467 million ($60 million), according to an announcement yesterday by the Lands Department.

The privately held firm, which was previously best known for… Read More>>

Local Hong Kong developer Capital Group Development Limited has won a residential site in Mong Kok for HK$467 million … Read more>>>

Crown Melbourne

Blackstone Buys $360M Stake in Crown From Melco and More Asia Real Estate Headlines

Crown Melbourne

2020/04/29 by Michael Cole Leave a Comment

Most of the region takes a day off on Friday but Asia’s real estate deal makers have been logging long hours before the holiday with those bright sparks at Blackstone putting the current crisis to good use by picking up… Read More>>

Most of the region takes a day off on Friday but Asia’s real estate deal makers have been logging long hours before the … Read more>>>

Park Hyeon-Joo Mirae

Anbang Sues Korea’s Mirae as $5.8B US Hotel Deal Collapses

Park Hyeon-Joo Mirae

2020/04/28 by James Hatton Leave a Comment

China’s Anbang Insurance is suing Korea’s Mirae Asset Management for failing to pay for the $5.8 billion acquisition of a portfolio of 15 high-end US hotels, after the coronavirus pandemic stalled financing for the transaction.

The nationalised mainland insurer filed… Read More>>

China’s Anbang Insurance is suing Korea’s Mirae Asset Management for failing to pay for the $5.8 billion acquisition of … Read more>>>

HK Hotels Closing as Over 90% Run Losses and More Asia Real Estate Headlines   

2020/04/28 by James Hatton Leave a Comment

Hong Kong’s troubled hospitality sector leads the way in Mingtiandi’s roundup of Asia real estate headlines today as falling occupancy forces the closure of many of the Asian financial hub’s struggling hotels.

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

Hong Kong’s troubled hospitality sector leads the way in Mingtiandi’s roundup of Asia real estate headlines today as … Read more>>>

Louis d’Estienne d’Orves

Tikehau Executive Named CEO of SGX-Listed IREIT Global

Louis d’Estienne d’Orves

2020/04/28 by James Hatton Leave a Comment

Less than a month after an investment group assembled by Singapore’s largest non-government-backed developer and a French private equity firm took control of SGX-listed IREIT Global, the new ownership group has put a member of their team at the helm… Read More>>

Less than a month after an investment group assembled by Singapore’s largest non-government-backed developer and a … Read more>>>

payson cha

Hanison Said Offering Pamfleet HK$930M for Hong Kong Hotel

payson cha

2020/04/27 by Stephanie Li 1 Comment

Hanison Construction Holdings is said to be in due diligence on a Travelodge hotel in Hong Kong’s most expensive district, after offering a reported HK$930 million ($120 million) for the mid-scale hotel, according to two people familiar with the matter.

… Read More>>

Hanison Construction Holdings is said to be in due diligence on a Travelodge hotel in Hong Kong’s most expensive … Read more>>>

helen lee

HK Elite Families Buy Floor in Central, Wanchai Project for Combined HK$539M

helen lee

2020/04/27 by Stephanie Li Leave a Comment

The British turned over Hong Kong to mainland China more than twenty years ago, but the city’s elite seem to still recall late UK Prime Minister Winston Churchill’s admonition never to waste a crisis.

With the COVID-19 pandemic putting pressure… Read More>>

The British turned over Hong Kong to mainland China more than twenty years ago, but the city’s elite seem to still … Read more>>>

Sayaka Matsumoto Colliers

Asia Real Estate People in the News 2020-04-27

Sayaka Matsumoto Colliers

2020/04/27 by James Hatton Leave a Comment

In this week’s edition of People in the News, China Vanke’s logistics arm has appointed a head of asset management in Shanghai, while the son of Hong Kong’s third richest man has added CEO to his set of titles at… Read More>>

In this week’s edition of People in the News, China Vanke’s logistics arm has appointed a head of asset management in … Read more>>>

Tricia Song Colliers

Leases of Singapore Office Space Contract for First Time in Three Years

Tricia Song Colliers

2020/04/26 by Michael Cole Leave a Comment

Take-up of office space in Singapore has contracted for the first time since March 2017, according to government figures released on Friday.

Absorption of office space across Southeast Asia’s wealthiest city fell by 75,347 square feet (7,000 square metres) during… Read More>>

Take-up of office space in Singapore has contracted for the first time since March 2017, according to government figures … Read more>>>

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