Mingtiandi

Asia real estate and outbound investment news

  • Facebook
  • LinkedIn
  • RSS
  • Twitter
Remember Me

Lost your password?

Register Now

Loading...
  • Capital Markets
  • Events
    • Mingtiandi 2025 Event Calendar
    • Mingtiandi APAC Residential Forum 2025
    • Mingtiandi Singapore Forum 2025
    • Mingtiandi APAC Logistics Forum 2025
    • Mingtiandi APAC Data Centre Forum 2025
    • Mingtiandi Tokyo Forum 2025
    • More Events
  • MTD TV
    • Residential
    • Logistics
    • Data Centre
    • Office
    • Singapore
    • Tokyo
    • Hong Kong
    • All Videos
    • Post-Event Stories
  • People
    • Industry Moves
    • MTD TV Speakers
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail
  • Research & Policy
  • Advertise

HKMA Buys 25% Stake in A$1.8B Aussie Development and More Asia Real Estate Headlines

2019/08/29 by James Hatton Leave a Comment

HKMA has bought a 25% stake in Wynyard Place

Hong Kong leads the way in Mingtiandi’s roundup of real estate headlines today with the news that the city’s monetary authority has bought a 25 percent stake in a commercial development in Sydney, spending $304 million overseas while protests continue to disrupt the local economy.

In other news around the region, a mainland conglomerate agrees to hand over $552 million for a bigger slice of a beleaguered travel operator, while a new co-living space is launched in Singapore with weekly rents starting at $796.

Elsewhere, investment from Asia into commercial property in a city down under surged 30 percent in the last financial year, and a chairman of a Singapore-based developer goes downbeat about the city-state’s property market.

HK Monetary Authority Buys 25% Stake in A$1.8B Aussie Tower

The Hong Kong Monetary Authority (HKMA), which manages the reserves of the Hong Kong government, has acquired a 25 percent stake in Brookfield’s Wynyard Place development in Sydney, for a reported A$450 million ($304 million).

AMP Capital, an existing investor in the A$1.8 billion project acquired the stake on behalf of the HKMA. Read more>>

Fosun Agrees to Pay £450M for Bigger Slice of Thomas Cook

British travel operator Thomas Cook Group has agreed the main terms of a rescue package that will see China’s Fosun Tourism take over its tour operations and creditor banks and bondholders acquire its airline.

The terms announced on Wednesday will see Fosun – whose Chinese parent owns all-inclusive holiday firm Club Med – contribute £450 million($552 million) of new money in return for at least 75 percent of the tour operator business and 25 percent of the group’s airline. Thomas Cook’s lending banks and bondholders will stump up a further £450 million and convert their existing debt to equity, giving them in total about 75 percent of the airline and up to 25 percent in the tour operator business, the group said. Read more>>

Pay Up to S$2,240 Per Week to Co-Live in Singapore

Co-living operator Hmlet has launched Hmlet Cantonment in Singapore, considered to be the company’s largest facility with 150 individual rooms.

The cost of a weekly stay at the property ranges from S$1,105 ($796) to S$2,240, while daily rates are S$145 to S$320 per night. Preferential rates from S$3,240 per month are available for members who book for a stay of three months or longer. Read more>>

SG Luxury Condo Development for Sale with S$223M Reserve

A prime District 10 freehold condominium, Beaufort On Nassim, has been launched for collective sale by tender at a minimum expected price of S$223 million ($161 million), real estate services firm Savills Singapore announced on 28 August.

Completed in 2008, the four-storey development on 12 Nassim Road occupies a site of about 4,213 square metres (45,344 square feet). Subject to approvals from the relevant authorities, it may be developed into a luxury condominium of up to four storeys, with an approved gross floor area of 5,891 square metres. Read more>>

Wing Tai Chairman “Subdued” about Singapore Property Market

While the latest real estate statistics show a higher turnover of new residential units compared to the same period a year ago, Wing Tai Holdings chairman Cheng Wai Keung is not upbeat.

Speaking at the company’s corporate result briefing on 27 August, he stated that the pick-up in residential sales is largely due to the number of new projects launched this year rather than an indication of improving market sentiment. Read more>>

Asian Investment in Melbourne Commercial Propery Surges 30%

Asian investment in commercial real estate in Melbourne surged 30 percent in the past financial year, led by investors from the Chinese mainland, Hong Kong and Singapore, according to new research by CBRE.

The real estate firm recorded A$1.1 billion ($775 million) worth of sales to Asian investors in the 2019 financial year, up from A$880 million in the previous financial year. Read more>>

Hong Kongers Buying Homes in Thailand, Malaysia and Taiwan, Not SG

Singapore’s housing market isn’t turning out to be the beneficiary many may have thought from Hong Kong’s increasingly fraught protests. Instead, investors are looking to cheaper property markets like Malaysia, Thailand and Taiwan.

“People here tend to think there are only two cities in the world – Hong Kong and Singapore,” said Alan Cheong, a Singapore-based executive director of research and consultancy at Savills. Read more>>

Tune in again tomorrow for more news, and be sure to follow @Mingtiandi on Twitter, or bookmark Mingtiandi’s LinkedIn page for headlines as they happen.

Share this now

  • LinkedIn
  • Share
  • Tweet
  • Email

Filed Under: crelist Tagged With: Fosun Group, HKMA, Hmlet, Hong Kong, Melbourne, Singapore, Wing Tai Group

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Mingtiandi Delivered

  • This field is for validation purposes and should be left unchanged.
320x320 CorporateV2

MTD TV

MTD TV Greater China Resi
China Could Become World’s Largest Rental Housing Market: MTD TV
Andrew Lee of BlackRock
BlackRock, Centurion, Coliwoo, Arch Explore APAC’s Evolving Residential Scene: MTD TV

More MTD TV Videos>>

People in the News

singh-anshuman
Asia Real Estate People in the News 2025-06-16
Raymond Lee Paul Hastings
Law Partner Picks Up Hong Kong Home of Former Birmingham City Boss for $37M
Teo Chee Hean Temasek
Asia Real Estate People in the News 2025-06-09
Lincoln Pan Jardines
Asia Real Estate People in the News 2025-06-02

More Industry Professionals>>

Latest Stories

South City Mall in Kolkata
Blackstone Buys Kolkata Mall From Developer South City for $377M
Duke Lee, Head of Investment & AM, Pebblestone
APG, Pebblestone, Invesco See Korean Sheds Overcoming Trade War: MTD TV
Amazon Web Services CEO Matt Garman
Amazon to Invest $13B in Aussie Data Centres and More Asia Real Estate Headlines

Sponsored Features

How to Create a Win-Win for Investors and Occupiers
Lingeage Logistics Cold Storage Complex
Mount Maunganui Cold Storage Facility for Sale
7 in 10 Senior Directors Confident in Data Centres, but Talent Shortage Will Widen

More Sponsored Features>>

Connect with Mingtiandi

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Real Estate News

  • Capital Markets
  • Mingtiandi 2025 Event Calendar
  • MTD TV Archives
  • People
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail

More Mingtiandi

  • About Mingtiandi
  • Contact Mingtiandi
  • Mingtiandi Memberships
  • Newsletter Subscription
  • Advertise
  • Terms of Use
  • Privacy
  • Join the Mingtiandi Team


© 2007-2025 China Advertising Media Ltd (Samoa). All rights reserved.

We use cookies in accordance with our Privacy policy to provide the best user experience on Mingtiandi and to safeguard user data. By continuing to browse you consent to the policy. AcceptRefuse