As a new generation takes over leadership of major Hong Kong developers including CK Assets and New World Development, the heir of the city’s “shop king” Tang Shing-bor is building on a relationship with a HKEX-listed developer first forged by… Read More>>
Vanke Says Baoneng Unit to Divest 10% Stake and More Asia Real Estate Headlines
One of China’s most watched corporate soap operas seems to have finally reached the series finale as a unit of one-time corporate raider Baoneng is said to be selling its 10.3 percent stake in China Vanke. The report appears to… Read More>>
Chinese Estates Recorded 42% Drop in Profits Last Year and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, tycoon Joseph Lau may fly high in his private 787, but his company, Chinese Estates, hit a downdraft last year that pulled profits down 42 percent in 2017. Also in the headlines, saw… Read More>>
Chinese Estates Builds HK$27B Evergrande Stake and More Asia Real Estate Headlines
Joseph Lau’s Chinese Estates got some good news this week as the developer’s stake in China Evergrande now is worth more than its own Hong Kong market cap. Also in the headlines, China’s suppression of housing demand means that sales… Read More>>
Chinese Estates Buys $1B Stake in Mainland Development Giant Evergrande
Hong Kong developer Chinese Estates Holdings has deepened its longstanding ties with China Evergrande, revealing it has acquired a five percent stake in the mainland’s largest homebuilder since April for a total price of HK$8.1 billion ($1.04 billion).
The news… Read More>>
Chinese Estates Buys Listed London Building for ₤175M
Reports of Brexit doom and snap elections are attracting more Asian buyers to UK real estate, with Hong Kong billionaire Joseph Lau’s Chinese Estates becoming the latest to scoop up discounted assets in London.
Lau’s Hong Kong-listed development company has… Read More>>
HK’s Wharf Hopes to Spin Off Investment Assets and More Asia Real Estate Headlines
Some of Hong Kong’s biggest developers chose Friday to release their 2016 earnings, and those reports of success or failure lead today’s property headlines. Top builder Wheelock is cheerful enough after their results to test out the idea of a… Read More>>
Cindat to Invest $2 Bil in Senior Care and More Asia Real Estate Headlines
Back home on the mainland, China’s fastest growing private equity real estate investors is shopping around for healthcare opportunities and the country’s biggest computer maker is dumping real estate. Elsewhere around the Internet, GIC is buying in India and Australia,… Read More>>
Ralph Lauren Closes HK Flagship Store in Luxury Letdown and More Asia Real Estate Headlines
Ralph Lauren may be an American legend, but his Hong Kong flagship store will soon be a local memory as the US fashion brand adapts to the city’s struggling luxury market. Also in the news today, Savills Investment Management disposes… Read More>>
Hong Kong’s Classiest Fugitive Tycoon Buys Full Page Ad About Dumping His Girlfriend
Announcing a break up is hard to do. Some people privately tell their friends while others take to social media to update everyone on their relationship status. Of course, when you’re a fugitive Hong Kong property tycoon like Chinese Estates… Read More>>