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Singapore’s First Sponsor Joins $63M Team Purchase of Hilton Rotterdam

2018/01/29 by Shawna Kwan Leave a Comment

Singapore-listed property developer First Sponsor Group is teaming up with a consortium of investors to buy the Hilton Rotterdam hotel in the Netherlands for 50.4 million euros ($62.6 million).

First Sponsor is investing 12.4 million euros ($15.4 million) for a… Read More>>

Singapore-listed property developer First Sponsor Group is teaming up with a consortium of investors to buy the Hilton … Read more>>>

virginia chang

Asia Real Estate People in the News 2018-01-29

virginia chang

2018/01/29 by Greg Isaacson Leave a Comment

Singaporean trusts feature in this week’s edition of People in the News, with a pair of industrial and business space REIT managers getting new leadership. Hong Kong has also seen some high-profile personnel moves, as a retail maven heads up… Read More>>

Singaporean trusts feature in this week's edition of People in the News, with a pair of industrial and business space … Read more>>>

Ingrid Cheh JLL

Hong Kong Housing Starts Dropped 33% in 2017 After 2016 Surge

Ingrid Cheh JLL

2018/01/29 by Shawna Kwan Leave a Comment

Hong Kong saw a 33 percent plunge in the number of private residential units that started construction last year, falling from 25,500 in 2016 to 17,000, according to figures from the city’s Transport and Housing Bureau.

Although the decline may… Read More>>

Hong Kong saw a 33 percent plunge in the number of private residential units that started construction last year, … Read more>>>

Ling Ke Gemdale

Gemdale, Lincoln Put SF Office JV on the Block for Record Price

Ling Ke Gemdale

2018/01/28 by Greg Isaacson Leave a Comment

Chinese developers from Greenland to Wanda may be choking on their overseas property projects, but Shenzhen-based rival Gemdale could be in line for a big payday as it puts a newly completed, fully leased San Francisco office building on the… Read More>>

Chinese developers from Greenland to Wanda may be choking on their overseas property projects, but Shenzhen-based rival … Read more>>>

justin oconnor

Savills IM Names Justin O’Connor APAC CEO as Focus Turns to Asia

justin oconnor

2018/01/28 by Greg Isaacson Leave a Comment

Justin O’Connor, chairman and global CEO of Savills Investment Management, is relocating to Hong Kong to serve as CEO Asia Pacific, as the UK-based real estate specialist shakes up its senior leadership team.

O’Connor, who joined the firm in 2004… Read More>>

Justin O’Connor, chairman and global CEO of Savills Investment Management, is relocating to Hong Kong to serve as CEO … Read more>>>

Tae-young Yang Tera Funding

Korean Proptech Startup Raises $9.3M and More Asia Real Estate Headlines

Tae-young Yang Tera Funding

2018/01/28 by Greg Isaacson Leave a Comment

Proptech leads today’s news roundup, with a Korean real estate crowdfunding startup raising a pile of money in a record-breaking series A investment round. Also in the headlines, China Vanke and ZTE are set to move ahead on a Shenzhen… Read More>>

Proptech leads today's news roundup, with a Korean real estate crowdfunding startup raising a pile of money in a … Read more>>>

Kai Tak Hong Kong

HNA to Develop Kai Tak Site Alone and More Hong Kong Real Estate Headlines

Kai Tak Hong Kong

2018/01/28 by Shawna Kwan Leave a Comment

Leading today’s Hong Kong real estate news, HNA said it would not partner with Sun Hung Kai Properties to develop the site in former Kai Tak airport. Also in the headlines, Henderson Land paid HK$2.5 billion as land premium for… Read More>>

Leading today’s Hong Kong real estate news, HNA said it would not partner with Sun Hung Kai Properties to develop the … Read more>>>

HNA Chen Feng

HNA Said Selling Sydney Tower to Blackstone for $161M

HNA Chen Feng

2018/01/26 by Greg Isaacson Leave a Comment

Earlier this month Stephen Schwarzman presented an award to HNA in New York, but the Blackstone boss took home the real prize this past week when his investment firm reportedly agreed to buy a downtown Sydney office tower from the… Read More>>

Earlier this month Stephen Schwarzman presented an award to HNA in New York, but the Blackstone boss took home the real … Read more>>>

Vanke Debuts in Hong Kong with Launch of 29-Storey Serviced Residence

2018/01/26 by Shawna Kwan Leave a Comment

China Vanke, the mainland’s third-largest developer by sales, has launched its first property project in Hong Kong. The company’s Vanke Hong Kong arm announced that its 29-storey serviced apartment project, The Luna, is now available for pre-leasing and will officially… Read More>>

China Vanke, the mainland’s third-largest developer by sales, has launched its first property project in Hong Kong. The … Read more>>>

Chinachem Outbids 24 Developers to Win Kwun Tong Site for $397M

2018/01/25 by Shawna Kwan Leave a Comment

Hong Kong developer Chinachem Group has won a tender to develop a residential parcel in the Kwun Tong area of the city’s Kowloon East, shouldering aside 24 other bidders to offer HK$3.1 billion ($397 million).

Other competitors for the site… Read More>>

Hong Kong developer Chinachem Group has won a tender to develop a residential parcel in the Kwun Tong area of the city's … Read more>>>

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