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

HK Property Investment to Double This Year and More Asia Real Estate Headlines

2021/07/17 by Pimfha Chandhapradit Leave a Comment

KITEC Kowloon

KITEC reflects the low-key persona of its developer, Gordon Wu

The swings and roundabouts of Asia’s longtime financial hub lead today’s digest of regional news headlines. Non-residential property investment in Hong Kong is set to double this year by one estimate, but that didn’t stop the heir to one of the city’s biggest real estate fortunes from lashing out against the local government’s “obsolete” land policies. Meanwhile, the Biden administration is expected to warn US firms about the risks of doing business in the territory.

Hong Kong Non-Residential Property Investment Set to Double This Year

Big-ticket investment in Hong Kong property is set to more than double this year and approach HK$100 billion ($12.9 billion), the highest since 2018, as local investors and international funds make a beeline for non-residential properties.

The number of non-residential sales worth more than HK$100 million each is expected to reach about 200, at a volume of HK$90 billion to HK$100 billion, according to consultancy Cushman and Wakefield. Last year, just 79 deals generated HK$48.8 billion. Read more>>

SHK Scion Rips Hong Kong’s ‘Obsolete’ Real Estate System

A Hong Kong property heir criticised the local government’s land policies as housing problems become the priority for leaders in the world’s least-affordable residential market.

Adam Kwok, an executive director and a third-generation heir at the city’s biggest developer, Sun Hung Kai Properties, lambasted the local authority’s processes to procure land for housing development at a forum hosted by a pro-government party on Thursday. Read more>>

Biden to Warn US Companies on Doing Business in Hong Kong

The Biden administration is expected to issue a blanket warning to US firms about the risks of doing business in Hong Kong as China continues to clamp down on political and economic freedoms in the territory.

US officials say the advisory could be issued as soon as this week. President Joe Biden told reporters Thursday that the alert would point out deteriorating free-market conditions in Hong Kong, which was once one of Asia’s main financial hubs, and the potential for further erosion. Read more>>

China Property Investment Growth Slows in H1

Real estate investment in China rose 15 percent in January-June from the same period a year earlier, official data out Thursday showed, slowing from 18.3 percent growth in the first five months of the year.

Property sales by floor area increased 27.7 percent in the first six months, according to data from the National Bureau of Statistics, versus a rise of 36.3 percent in the first five months of the year. Read more>>

780x250 CorporateV2

China’s Shaking Skyscraper Called ‘Safe to Use’ After Quick Patch

A shaking skyscraper in southern China that sent crowds fleeing in panic earlier this year was rocked by wind currents, experts concluded on Thursday.

The 300 metre (984 foot) SEG Plaza tower in Shenzhen began to wobble suddenly on 18 May, prompting the evacuation of hundreds of occupants and causing pedestrians to run for safety. Read more>>

EHT Securityholders Unlikely to See Compensation

Proceeds from the sale of Eagle Hospitality Trust properties are unlikely to reach minority investors, DBS Trustee said Thursday.

Though the sale of 14 of EHT’s properties yielded $478.6 million in net proceeds, the claims of unsecured creditors are unlikely to be satisfied in full after accounting for various secured claims, the trustee said. Read more>>

BlackRock Profit Jumps as Assets Grow to a Record $9.5T

BlackRock, the world’s largest asset manager, reported a better-than-expected quarterly profit on Wednesday as investors poured more money into the company’s funds, driving robust fee growth and boosting its assets under management to a record high.

BlackRock’s AUM jumped to a record $9.49 trillion in the second quarter from $7.32 trillion a year earlier. Read more>>

Singapore Shophouses Up for Sale

A pair of adjoining freehold three-storey conservation shophouses at 83 and 85 Keong Saik Road are for sale, exclusive marketing agent CBRE said Thursday.

To be sold together, 83 and 85 Keong Saik Road command an indicative price of S$30.8 million ($22.7 million), which works out to S$3,507 per square foot of total floor area. The sale will be conducted through an expression of interest exercise that closes on 18 August at 3pm. Read more>>

Tune in again soon for more real estate 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: BlackRock, Eagle Hospitality Trust, Sun Hung Kai Properties

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.

MTD TV

Gisle Sarheim of Hilton
Hilton, KKR, CREAL, Pegasus See Diversity of Capital Sources Targeting APAC Hospitality: MTD TV
PGIM, Yardi on How Tech Powers Asian Real Estate Innovation: MTD TV

More MTD TV Videos>>

People in the News

EQT_David Kim
Asia Real Estate People in the News 2025-06-21
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

More Industry Professionals>>

Latest Stories

URA chief executive officer Lim Eng Hwee
Singapore’s URA Launches Tenders for Sites Yielding Up to 1,765 Homes
Rava, Northmod, Colliers Spot Shed Opportunities in Emergent India, Malaysia: MTD TV
Cheng Wai
Ares Buying Wing Tai London Project for $58M 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