The drama around Australia’s Star Entertainment Group continues to build with local news accounts citing a government report that Hong Kong’s Chow Tai Fook hid its links to an illegal junket operator, with that story leading today’s roundup. Also in… Read More>>
Hong Kong’s Chow Tai Fook, FEC Buying Out Star’s Brisbane Casino Complex
Hong Kong investors Chow Tai Fook Enterprises and Far East Consortium will acquire the 50 percent interest they don’t already own in Star Entertainment’s Queen’s Wharf Brisbane complex, delivering a liquidity lifeline to the cash-strapped Aussie casino group.
CTFE, the… Read More>>
Chow Tai Fook, FEC Aussie Casino Bid Rejected and More Asia Real Estate Headlines
Hong Kong investors Chow Tai Fook and Far East Consortium fail in their first attempt to buy out a Brisbane casino, with that story leading today’s headline roundup. In other news, SGX-listed Lendlease Global Commercial REIT announces a leadership change… Read More>>
Citi Files Wind-Up Petition Against Shenzhen Developer and More Asia Real Estate Headlines
Shenzhen’s China South City is the latest mainland builder to be served with a winding-up petition in a Hong Kong court, with that legal action leading today’s headline roundup. Also in the news, Koramco moves to the top of the… Read More>>
Chow Tai Fook, FEC Cancel Sales of Aussie Condos and More Asia Real Estate Headlines
Hong Kong’s Chow Tai Fook Enterprises and Far East Consortium cancel hundreds of sales contracts at their Queen’s Wharf Tower in Brisbane, with that story leading today’s headline roundup. Also in the news, UBS halts certain loans to the Cheng… Read More>>
Gloom Deepens for Hong Kong’s Cheng Family as Aussie Casino Operator Runs Low on Cash
An Australian casino operator backed by the Cheng family controlling Hong Kong’s New World Development revealed Wednesday that its available cash fell 47 percent in the three months to 31 December, throwing doubt on its future as the company faces… Read More>>
Hong Kong Home Prices Rise for First Time Since March and More Asia Real Estate Headlines
Home prices rise in Hong Kong’s secondary market for the first time since March, with that story leading today’s headline roundup. Also in the news, sentiment brightens among Singapore’s property bosses and SGX-listed Elite UK REIT sells an office building… Read More>>
Chow Tai Fook Enterprises Teams with Azure to Invest in Chinese Hotels and Multifamily Sponsored Feature
Azure Capital Partners, a real estate investment platform backed by Hong Kong-listed H World Group Limited (Huazhu) and global leading institutional investors, has received fresh investment from Chow Tai Fook Enterprises Limited (CTFE) to expand its activity in China’s hospitality… Read More>>
CapitaLand Sells US Apartment Complex for $73M and More Asia Real Estate Headlines
CapitaLand leads today’s headline roundup at Mingtiandi, with the Singaporean giant completing the disposal of a US apartment complex. Also making the list, Chinese developer Shimao posts a massive six-month loss and casino operator The Star receives bad news from… Read More>>
Hong Kong’s New World Sells Stake in Shenzhen Office Tower to Cheng Family for $198M
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>>
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