Senior changes at developers in Hong Kong and mainland China lead this week’s review of personnel changes in Asia, with CK Asset saying farewell to a long-time executive director and Dalian Wanda’s mall unit losing its chairman and president. Also… Read More>>
CK Asset Posts 2% Profit Rise as Asset Disposals Replace Home Sales
Li Ka-shing’s CK Asset Holdings reported a 2022 profit attributable to shareholders of HK$21.7 billion (now $2.8 billion), up 2 percent from a year earlier, as big-ticket divestments of properties in London and Shanghai buoyed earnings.
Revenue from property sales… Read More>>
Chongqing Loosens Homebuying Restrictions and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China’s sprawling Chongqing joins the list of mainland cities easing homebuying restrictions, and NYSE-listed Xinyuan Real Estate posts a ballooning loss for the first half of 2022.
Chongqing Joins Dongguan,… Read More>>
CK Asset Paying $1.1B to Buy Second Hong Kong Residential Site in One Week
CK Asset Holdings has picked up a residential development site in Hong Kong’s Kai Tak area for HK$8.7 billion ($1.1 billion), according to a Wednesday announcement, breaching the low end of market expectations by about 23 percent as home prices… Read More>>
CK Asset Refills Hong Kong Pipeline with $150M Win of Sai Ying Pun Site
CK Asset Holdings has won a tender for a residential development site in the Sai Ying Pun area of western Hong Kong Island with a bid of HK$1.16 billion ($150 million).
The developer controlled by billionaire Li Ka-shing secured the… Read More>>
Asia Real Estate People in the News 2022-10-31
Korean headhunting leads this week’s survey of personnel moves from across Asia’s real estate world, as the world’s third-largest pension fund searches for a new CIO. Also making the list is a new board director at CK Asset Holdings and… Read More>>
Vietnamese Tycoon Arrested for Swindling, Linked to Singapore’s Viva Land, CK Asset
A Vietnamese tycoon linked to Singapore’s Viva Land, who has has partnered with Li Ka-Shing’s CK Asset, was arrested by police in Ho Chi Minh City on Saturday on charges of swindling investors out of trillions of Vietnamese dong. (VND… Read More>>
CK Asset Buys Re-tendered Tuen Mun Residential Project for $586M
CK Asset Holdings has topped four competing bids to acquire a residential development site in Hong Kong’s New Territories for HK$4.6 billion ($586 million), according to an announcement published on Wednesday.
The developer controlled by billionaire Li Ka-shing acquired the… Read More>>
WeWork Launches Singapore Co-Working Tower and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, co-working giant WeWork launches a 21-floor location at Singapore’s Collyer Quay, HSBC cuts staff from its Hong Kong-based China debt team, and Fosun Tourism Group’s shares dip after its parent firm reportedly reduces… Read More>>
Asia Real Estate People in the News 2022-09-05
A pension fund manager with $800 billion in assets has a new boss with news of the fresh leadership of Korea’s NPS leading Mingtiandi’s personnel column this week. Also making the list are a set of board changes at troubled… Read More>>
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