Mingtiandi

Asia real estate and outbound investment news

  • Facebook
  • LinkedIn
  • RSS
  • Twitter
Sign Up / Login Logout

Lost your password?
Register
Forgotten Password
Cancel

Register For This Site

A password will be e-mailed to you.

  • Capital Markets
  • Events
    • 2021 Mingtiandi Event Calendar
    • Join the Mingtiandi Asia Value-Add Forum 2021
    • Join the Mingtiandi Multi-Family Investment Forum 2021
    • Join the Mingtiandi Logistics Real Estate Forum 2021
    • Join the Mingtiandi Sustainable Real Estate Forum 2021
    • Join the Mingtiandi Data Centre Forum 2021
    • Join the Mingtiandi Office Strategies Forum 2021
    • Join the Mingtiandi Proptech Forum in November
    • More Events
  • MTD TV
  • People
  • Logistics
  • Asia Outbound
  • Retail
  • Design & Construction
  • Research & Policy
  • Advertise

Li Ka-shing to Donate HK$1B to Support Hong Kong Businesses and More Asia Real Estate Headlines

2019/10/05 by James Hatton Leave a Comment

Li Ka-shing is the latest property tycoon to be inspired by Hong Kong’s protests

Protests may have brought Hong Kong to a near standstill on Saturday, but events continue to move quickly for the city’s largest property developers as Henderson Land, Sun Hung Kai and CK Asset boss emeritus Li Ka-shing all announced new initiatives late in the week as the government scrambles to ease discontent.

The elder Li, who retired last year at the age of 89, has pledged to donate $128 million to small and medium-sized businesses suffering financial hardship as a result of the protests that have gripped the Asian financial hub, while Henderson Land, which is controlled by the city’s second richest man is offering to loan the government some of its undeveloped plots.

In non-Hong Kong news, the boss of a UK-based serviced office operator, which has more locations than WeWork, says he wants to double the firm’s growth rate, and a measurement of mergers and acquisitions in the region shows deal volume at a five-year low. All this and more is in Mingtiandi’s news roundup today.

Li Ka-shing to Donate HK$1B to Local Hong Kong Businesses

Hong Kong’s richest man Li Ka-shing will donate HK$1 billion ($128 million) to support local small and medium sized businesses, his foundation said on Friday, a move that comes as the city’s economy has been roiled by pro-democracy protests.

Hong Kong tycoons and property developers have come under pressure from Beijing for not doing enough to alleviate housing problems in the Chinese-ruled city. Read more>>

Henderson Land Ponders Loaning Farmland to Govt for Temporary Housing

Henderson Land Development, the city’s third-biggest private landowner, said on Friday that it was considering offering 100,000 square feet of farmland in Kam Tin, New Territories, to the government for seven years to build temporary housing to accommodate 10,000 residents.

Henderson Land also said it would donate land in Yuen Long to build youth hostels and other social welfare uses. However, it was not clear how much land it intends to donate for such purposes. Read more>>

IWG Looks to Double Growth in Wake of WeWork’s Aborted IPO

WeWork’s largest rival wants to double its growth rate even as the US-based shared office provider grapples with the aftermath of a failed IPO process and a potential cash crunch.

Mark Dixon, chief executive of London-listed IWG said: “It’s about being everywhere — every town, every village . . . We’ve been growing [revenues] at about 12 per cent, 14 per cent. The objective is to double that growth.” The ramping up of IWG’s expansion comes after WeWork, which had expanded rapidly in recent years to become the largest private tenant in London and New York, cancelled its IPO and demoted its chief executive Adam Neumann, leaving the company facing “uncertain liquidity”, according to rating agency Fitch. Read more>>

Deal Volume in Asia at Five Year Low

Mergers and acquisitions in Asia occurred at their slowest pace in five years in the first nine months of 2019 against the backdrop of a global economic slowdown and the ongoing US-China trade war, according to Dealogic.

At the same time, Chinese companies saw a record high for sales of overseas assets at US$40.2 billion in the January-September period and a third consecutive year of declining outbound merger activity, the financial data provider said. Read more>> 

SHK Applies to Expand Pair of HK Projects by 35%

Sun Hung Kai Properties (SHKP) has filed an application with the Hong Kong government to increase the capacity of two residential projects by a combined 56 per cent, as the government struggles to increase land supply.

In its application to the Town Planning Board on Friday, SHKP said it plans to increase the number of flats in Yuen Long fourfold to 1,995 units, from 455 large flats, and reduce the average unit size to 484 square feet, from 2,000 sq ft previously. Read more>>

Apple to Open First Store in India

The Cupertino-based tech giant Apple has chosen Mumbai’s Maker Maxity mall, co-owned by Reliance Industries, to open its first company-owned iconic outlet in India, four people familiar with the development said.

Apple leased between 20,000 and 25,000 square feet of space spread over three floors in the mall located in the commercial hub of Bandra Kurla Complex (BKC), the sources said. 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.

Related Stories

  • Henderson Land and Friends Seek $6B in Financing for Kowloon Mega-ProjectHenderson Land and Friends Seek $6B in Financing for Kowloon Mega-Project
  • Soy Milk Heiress Buys Sting’s NYC Flat for $50M and More Hong Kong Real Estate HeadlinesSoy Milk Heiress Buys Sting’s NYC Flat for $50M and More Hong Kong Real Estate Headlines
  • Local Developers Place 9 of 10 Bids for $1.3B South Hong Kong Island SiteLocal Developers Place 9 of 10 Bids for $1.3B South Hong Kong Island Site
  • Chinese Developer Sets Local Price Record in HK Land BuyChinese Developer Sets Local Price Record in HK Land Buy

Share this now

  • LinkedIn
  • Share
  • Tweet
  • Email

Filed Under: crelist Tagged With: Apple, Henderson Land Development, Hong Kong, IWG, Li Ka-shing, Sun Hung Kai Properties

Leave a Reply Cancel reply

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

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get Mingtiandi Delivered

Logistics Forum

MTD TV

value-add forum 2021-03-30

Link REIT CEO George Hongchoy Says Sustainability Key to Boosting Returns

Proptech Forum: Logistics Tech

Logistics Experts Reveal How Tech Is Reshaping Asia’s Distribution Centres

More MTD TV Videos

Latest Stories

Darren Searle Logos

KKR, Abu Dhabi Fund Back A$1B Logos Development Venture in Australia

Wang Jianlin Sun Hongbin Li Sze-Lim

Wanda Topped Mainland Commercial Developers Again in 2020 Despite 13% Income Drop

crown sydney

Blackstone Ties $6B Crown Offer to Licences and More Asia Real Estate Headlines

Sponsored Features

Tony Horrell

Colliers’ Global Investor Sentiment Report Anticipates Up to 50% Surge in Investment in 2021 Sponsored Feature

Andrew-Slevin-John-Foord (4)

Insurtech to Help Address Underinsurance Across Asian Real Estate Assets in 2021 Sponsored Feature

CK Lau

Asia Pacific Logistics Sector: Increasingly Varied Sector Requires Multiple Approaches Sponsored Feature

More Sponsored Features>>

MTD-QR-Code-320

Top Stories

Data Centre Startup Princeton Digital Lands $230M in Financing as China…Data Centre Startup Princeton Digital Lands $230M in Financing as China Platform Grows

Sun Hung Kai & Co Launches $300M Debt Vehicle to Grow Fund…Sun Hung Kai & Co Launches $300M Debt Vehicle to Grow Fund Management Business

Hongkong Land Leases Exchange Square Floors to S&P Despite Central…Hongkong Land Leases Exchange Square Floors to S&P Despite Central Market Slide


Connect with Mingtiandi

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Real Estate News

  • Capital Markets
  • Events
    • 2021 Mingtiandi Event Calendar
    • Join the Mingtiandi Asia Value-Add Forum 2021
    • Join the Mingtiandi Multi-Family Investment Forum 2021
    • Join the Mingtiandi Logistics Real Estate Forum 2021
    • Join the Mingtiandi Sustainable Real Estate Forum 2021
    • Join the Mingtiandi Data Centre Forum 2021
    • Join the Mingtiandi Office Strategies Forum 2021
    • Join the Mingtiandi Proptech Forum in November
    • More Events
  • MTD TV
  • People
  • Logistics
  • Asia Outbound
  • Retail
  • Design & Construction
  • Research & Policy
  • Advertise

More Mingtiandi

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