Sun Hung Kai Bosses Buy Hong Kong Home for $23M and More APAC Real Estate Headlines

Hong Kong’s ongoing housing rebound leads today’s look at real estate news from around Asia Pacific, as the family behind developer Sun Hung Kai buy a luxury home from their own company. A return to real estate profits for one of Canada’s largest pension funds also makes the list and an India data centre operator hopes for a $4.2 billion valuation in an upcoming IPO. 

Sun Hung Kai’s Kwok Family Buys Home in Shouson Peak for $23M

A private company belonging to the Kwok family that controls developer Sun Hung Kai Properties has purchased a luxury home in Hong Kong for HK$180 million ($23 million), according to public records. 

The Kwoks picked up a four-bedroom home at Shouson Peak, a luxury project developed by Sun Hung Kai, for the equivalent of HK$50,000 per square foot. In July last year, mainland businesswoman Esther Wong paid HK$42,300 per square foot for a house in the same project. Read more>>

Canada’s OMERS Achieved 6% Return in 2025 as Real Estate Rebounds

The Ontario Municipal Employees Retirement System reported Monday that its investments returned 6 percent in 2025, with real estate rebounding after several years of negative performance.

The parent organisation of Oxford Properties said its real estate strategy returned 5.1 percent last year after notching a 4.9 percent shortfall in 2024. The pension fund manager reported positive returns across all asset classes except for private equity, which fell 2.5 percent last year. Read more>>

Sify Seeks $4.2B Valuation for India Data Centres in Run-Up to IPO

Indian data centre company Sify Infinit Spaces is seeking a valuation of as much as $4.2 billion in a potential initial public offering next month, according to people familiar with the matter.

The unit of NASDAQ-listed Sify Technologies has begun investor meetings to raise INR 37 billion ($407 million) through a share sale in mid-March, the people said, asking not to be identified discussing private information. Deliberations are ongoing and details including the timing and valuation of the IPO could still change, they said. Read more>>

Singapore’s Ho Bee Land Declares 50% Drop in Profit 

Singapore developer Ho Bee Land on Tuesday reported a 50 percent year-on-year decline in net profit for the second half of 2025 to S$50.4 million ($39.8 million). 

Revenue stood at S$262.3 million for the period, down 12 percent from a year earlier. The decline came from the deconsolidation of biomedical and life sciences hub Elementum, decreased rental income and lower settlements of the group’s development properties. Read more>>

CapitaLand India Trust Seeks to Raise $118.5M for Bengaluru Office Projects

CapitaLand India Trust is seeking to raise S$150 million ($118.5 million) through a private placement to fund the development of office projects in Bengaluru.

Singapore-listed CLINT aims to use S$100 million of the proceeds to fund the ongoing development and construction of an office building in Ebisu. The trust plans to deploy S$47.4 million from the placement for development of a separate office project in Nagawara. Read more>>

Hong Kong’s BEA Tries Again to Sell Peak Mansion Seized From Cheung Kei Boss

A Hong Kong bank that failed to sell a seized mansion at a steep discount last year is trying again as the luxury real estate market swings back to life.

Bank of East Asia is seeking to sell the luxury home at 15 Gough Hill Road for at least HK$1 billion ($128 million) after purchasing the property six months ago, according to agents familiar with the plans. Read more>>

Li Ka-Shing’s CK Hutchison Ousted From Panama Canal Operations

Panamanian authorities have taken control of two ports on the Panama Canal from CK Hutchison after the Hong Kong-based conglomerate’s concession was annulled amid a row between the US and China.

CK Hutchison objected Tuesday to the takeover, which it called “unlawful” and said raises “serious risks to the operations, health and safety at terminals”. In January, Panama’s supreme court declared as “unconstitutional” the contract that had allowed Hutchison subsidiary Panama Ports Co to manage the ports of Balboa on the Pacific and Cristobal on the Atlantic since 1997. Read more>>

Mitsubishi Estate JV Breaks Ground in Brisbane

Mitsubishi Estate announced this week that it has broken ground on a Brisbane residential project through a joint venture with local developer McNab Group and asset manager Ray White Capital.

The partners now expect to complete construction on The Tannery, an 81-unit luxury development along the Brisbane River in the city’s west end, during 2027. The project marks Mitsubishi Estate’s first Brisbane project after the Japanese real estate giant took on more than 10 residential developments in Sydney and Melbourne. Read more>>

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