Asia real estate and outbound investment news
Adrian Cheng Chi-kong has stepped down as chief executive of New World Development after the Hong Kong-based builder posted its first full-year loss in two decades.
The third generation scion of the billionaire Cheng family has also been redesignated from… Read More>>
New World Development has sold its 30 percent stake in an office tower in Shenzhen’s Nanshan district to a vehicle of the Cheng family who control the Hong Kong-based builder, as the company continues to lower its leverage.
The HKEX-listed… Read More>>
A property investment firm backed by some of Hong Kong’s wealthiest families has completed its acquisition of a trio of Osaka hotels from CapitaLand Ascott Trust, with Axe Management Partners having paid JPY 10.7 billion ($75 million) for the assets.
NWS Holdings, the infrastructure and construction business of New World Development and Chow Tai Fook chairman Henry Cheng, has appointed the Hong Kong tycoon’s second eldest son, Brian Cheng Chi-ming, as co-CEO as questions over succession intensify within the family’s… Read More>>
Hong Kong property and retail tycoon Henry Cheng Kar-shun says he is still looking for a successor to run the family’s business and did not rule out selecting an external candidate, throwing into question the role of his eldest son,… Read More>>
In today’s roundup of regional real estate headlines, a key figure at private equity firm PAG snaps up a century-old Hong Kong villa, and Dalian Wanda denies reports that it plans to sell up to 20 malls in China. Also… Read More>>
In today’s roundup of regional news headlines, Singapore-listed CapitaLand India Trust agrees to acquire a Bengaluru IT park at a future date, and data centre giant Global Switch reaches an impasse with its potential buyers.
CapitaLand India… Read More>>
Fresh from clinching a deal to buy extra time to make offshore debt payments, Guangzhou R&F Properties plans to resell a London mixed-use project just one month after exercising an option to repurchase the development from Far East Consortium.
R&F… Read More>>
In today’s roundup of regional news headlines, the head of HSBC warns of at least two more years of pain in China’s commercial property market, Yanlord Land Group announces its subsidiary’s winning tender for the Lentor Central site in Singapore,… Read More>>
New World Development’s Adrian Cheng has called the bottom of the real estate market in China, telling the Financial Times that the Hong Kong-based property giant plans to spend RMB 10 billion ($1.5 billion) to buy land in top-tier mainland… Read More>>
