Hong Kong’s Winland Sells Lippo Centre Assets at 60% Off and More APAC Real Estate Headlines

More cut-rate deals in Hong Kong lead today’s look at real estate news from around Asia Pacific, with beleaguered investor Winland Group selling a set of commercial assets at nearly two-thirds less than what it paid for them. A Tsim Sha Tsui site is also on the market at a steep discount from one year ago, while an Arch Capital data centre project secures bank financing in the Philippines. 

Hong Kong’s Winland Sells Lippo Centre Assets at 60% Off

Hong Kong’s Winland Group continues to sell commercial assets in the city at steep discounts, with the real estate investment firm parting with a set of assets in the Lippo Centre in Admiralty at 60 percent off the 2017 price, according to a local news report.

A local investor agreed on 5 January to buy a shop and a unit on the first floor and part of the mezzanine on the second floor at Lippo Centre for HK$299 million ($38.3 million), Land Registry records showed, with Winland Group having paid HK$729 million to purchase the properties in 2017. Read more>>

Stanley Ho’s Estate Marketing Tsim Sha Tsui Property for $6M

The estate of the late casino magnate Stanley Ho has put a property in Hong Kong’s Tsim Sha Tsui area on the market as a potential student housing investment, according to materials distributed by CBRE. 

The site at 20 Kimberley Street near Victoria Harbour can be developed into 16,920 square feet (1,572 square metres) of space and is located near an entrance to Tsim Sha Tsui MTR station. The asking price for the vacant site is HK$50 million ($6.4 million), with the same site having been marketed last year at HK$88 million. Read more>>

Arch Capital-Backed Digital Halo Secures Financing for Manila Data Centre

Rizal Commercial Banking Corporation has concluded a PHP 2.786 billion ($47 million) project finance facility for Digital Halo, a Singapore-based data centre operator, for the expansion of its inaugural MNL1 data center campus. 

Located in the eastern corridor of Luzon in Cainta, Rizal, Digital Halo MNL1 is the first of the three buildings in a planned 70-megawatt data centre campus and has a planned IT capacity of 6.5MW. Read more>>

Shanghai Home Prices Rise as China Housing Decline Continues Nationwide

A monthly update from China’s National Bureau of Statistics on Monday showed the country’s housing decline continuing in December, with average home prices sliding across a majority of the 70 cities surveyed.

In a potential early sign of market recovery, however, average prices for new homes in Shanghai rose 0.2 percent in December from a month earlier, while values in Beijing fell by 0.4 percent. Average home prices in the country’s other first-tier cities, Guangzhou and Shenzhen, fell 0.6 percent and 0.5 percent respectively. Read more>>

Boustead Singapore Agrees to Sell Tai Seng Asset to Jumbo Seafood

Jumbo Group is proposing to acquire a leasehold interest in a 26 Tai Seng Street property owned by Boustead Industrial Fund, a private trust set up by Boustead’s real estate solutions division, Boustead Projects.

Jumbo currently occupies more than half the leasable area in the property under a long-term lease arrangement, and the site is integral to its central kitchen, logistics and training operations. Read more>>

S&P Affirms Stoneweg EREIT at BBB-

S&P Global Ratings has affirmed the long-term issuer credit rating of Stoneweg European REIT at BBB- with a stable outlook while affirming the BBB- issue rating on the senior unsecured notes guaranteed by the Singapore-listed trust, according to an announcement this week.

S&P’s review noted the stapled trust’s stable earnings and expected cash flow over the next 24 months, as well as its ongoing pivot towards high-growth logistics, industrial and data centre assets. Read more>>

Mainlander Purchases of Hong Kong Homes Jumped 20% in 2025

Mainlanders purchased nearly 14,000 homes in Hong Kong last year, up 20 percent from a year earlier, according to Centaline Property Agency. 

The figure accounted for nearly one-fourth of the city’s total private home transaction number in 2025, the property agency said, adding that it expects the number to hit 15,000 this year. Mainland buyers invested a total of HK$141 billion ($18 billion) in the local residential property market last year, representing an 8 percent year-on-year rise, Centaline said. Read more>>

Billionaire Asking Creditors to Take Haircuts Declares Commitment to ‘Win-Win’ Strategy

Chow Tai Fook Enterprises, the parent of embattled New World Development, will keep pursuing deals that create “win-win outcomes”, chairman Henry Cheng said as he revealed the private investment holding company’s philosophy for the first time.

While all investors love to talk about mutual benefit, Cheng told the South China Morning Post — in his first statement to the media in more than two years — that it was more than pretty words for CTFE. The organisation is run with the discipline of an institutional investment firm, but as a family office,  following the “Cheng family philosophy, not a typical investment playbook”, he said. Read more>>

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