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Nelson Wong JLL

Hong Kong Office Rents Fell 2.2% in February as COVID-19 Rocks Property Market

Nelson Wong JLL

2020/03/26 by Charles McDermid Leave a Comment

The COVID-19 pandemic continues to batter Hong Kong real estate, with rents in the world’s most expensive office spaces suffering the steepest month-on-month drop in more than a decade, according to a report this week by JLL.

The property consultancy… Read More>>

The COVID-19 pandemic continues to batter Hong Kong real estate, with rents in the world’s most expensive office spaces … Read more>>>

Howard Wu, Eagle Trust Hospitality

Singapore Hotel REIT Ditches Distribution Payment After $341M Default

Howard Wu, Eagle Trust Hospitality

2020/03/25 by James Hatton Leave a Comment

Eagle Hospitality Trust on Tuesday informed its investors that it has shelved a distribution payment due to security holders, after defaulting on a $341 million loan facility.

The managers of the SGX-listed real estate investment trust announced to the stock… Read More>>

Eagle Hospitality Trust on Tuesday informed its investors that it has shelved a distribution payment due to security … Read more>>>

Lee Tze Bun Le Saunda founder

Hong Kong Shop Sold for Nearly Half Off as Virus Hits Retail

Lee Tze Bun Le Saunda founder

2020/03/25 by Stephanie Li Leave a Comment

Shoppers have disappeared from the streets of Hong Kong, and with retail sales dropping, some store owners in Asia’s most expensive city have resorted to selling the shop.

A store along Nathan Road in Mongkok — normally one of Hong… Read More>>

Shoppers have disappeared from the streets of Hong Kong, and with retail sales dropping, some store owners in Asia’s … Read more>>>

wework hustle

WeWork Offers Staff $100 Daily Virus Bonuses and More Asia Real Estate Headlines

wework hustle

2020/03/25 by James Hatton Leave a Comment

A US co-working giant leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the company is offering $100-a-day bonuses to lure staff back to its US locations, despite the ongoing pandemic.

In other… Read More>>

A US co-working giant leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the … Read more>>>

SPH Cancels C$233 Canadian Senior Living Buy Amid COVID-19 Scare

2020/03/24 by James Hatton Leave a Comment

Singapore Press Holdings has scrapped its acquisition of a portfolio of senior living facilities in Canada, as the potential impact of COVID-19 on property values triggers second thoughts on valuations.

The SGX-listed media and property conglomerate announced to the stock… Read More>>

Singapore Press Holdings has scrapped its acquisition of a portfolio of senior living facilities in Canada, as the … Read more>>>

Enoch Tan of Elite Partners Capital,

Singapore’s Elite Partners Capital Nears Close of €150M Logistics Fund

Enoch Tan of Elite Partners Capital,

2020/03/24 by James Hatton Leave a Comment

Alternative asset management firm Elite Partners Capital has announced the first close of a UK and Europe-focused logistics fund with a target hard cap of €150 million ($163 million).

A spokesperson for the Singapore-based company revealed to Mingtiandi that the… Read More>>

Alternative asset management firm Elite Partners Capital has announced the first close of a UK and Europe-focused … Read more>>>

xu jiayin

China Evergrande Warns of 50% Shortfall in Projected 2019 Earnings

xu jiayin

2020/03/24 by Stephanie Li Leave a Comment

China Evergrande Group has slashed earnings projections for 2019 to RMB 33.5 billion ($7.5 billion), a drop of nearly half from the previous year as sales plummeted amid China’s weakening economy and tighter housing policies.

China’s largest property developer by… Read More>>

China Evergrande Group has slashed earnings projections for 2019 to RMB 33.5 billion ($7.5 billion), a drop of nearly … Read more>>>

Peter Lee and Martin Lee Henderson

Henderson Land Underlying Profit Drops 26% in 2019 and More Asia Real Estate Headlines

Peter Lee and Martin Lee Henderson

2020/03/24 by James Hatton Leave a Comment

A Hong Kong developer leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the company controlled by the family of the city’s richest man posted a 26 percent drop in underlying profit to… Read More>>

A Hong Kong developer leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the … Read more>>>

jeffrey perlman warburg

ESR Expects E-Commerce Boost From COVID-19 as 2019 Profit Jumps 21%

jeffrey perlman warburg

2020/03/23 by James Hatton Leave a Comment

Warburg Pincus-backed logistics developer and fund manager ESR has posted a 21 percent rise in net profit to $245 million for 2019, as it continues to ride the growth of e-commerce and the shift of capital values to Asia.

In… Read More>>

Warburg Pincus-backed logistics developer and fund manager ESR has posted a 21 percent rise in net profit to $245 … Read more>>>

Asia Real Estate People in the News 2020-03-23

2020/03/23 by James Hatton Leave a Comment

In this week’s edition of People in the News, the former chairman of Evergrande Life has been appointed as a company director, only six months after his resignation.

In other moves around the region, investment management firm PIMCO has brought… Read More>>

In this week’s edition of People in the News, the former chairman of Evergrande Life has been appointed as a company … Read more>>>

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