Singapore’s housing market is holding up citywide, but developers of luxury projects are being hit hard by cooling measures introduced in December, with a story of price cuts at a CK Asset project in Bukit Timah leading our roundup today.
Li Ka-Shing’s Flagships Outperform and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, earnings at Hong Kong billionaire Li Ka-shing’s flagship companies beat views, Singapore’s Ho Bee Land books a gain on a property divestment in Germany, and China’s property woes eat into insurer Ping An’s… Read More>>
CK Asset Sells UBS London Headquarters to Korea’s NPS for $1.6B
Li Ka-shing’s CK Asset has completed the sale of its 5 Broadgate building in London to South Korea’s National Pension Service (NPS) for £1.21 billion ($1.57 billion), marking the UK capital’s biggest property deal in almost five years.
The developer… Read More>>
Hong Kong Real Estate Tycoons Dominate Forbes Top 10 in 2021
Six property multibillionaires among the richest Hong Kongers remain unfazed by pandemic headwinds, with their $142.2 billion in cumulative wealth accounting for as much as 72 percent of the total fortunes of the city’s top 10, according to Forbes’ latest… Read More>>
CK Asset Sued Over Alleged Defects in Singapore Condo Project
A real estate project built by a unit of what is now CK Asset Holdings is facing a lawsuit in Singapore after homeowners complained of alleged defects in the Thomson Grand condominium complex near Lower Pierce Reservoir in central Singapore,… Read More>>
CK Asset Wins Residential Site in Hong Kong’s To Kwa Wan for $767M
CK Asset Holdings, the development flagship of magnate Li Ka-Shing, has bested six competing bids to win a 58,534 square foot (5,438 square metre) residential site in Hong Kong’s redevelopment hotbed of To Kwa Wan for HK$5.99 billion ($767 million),… Read More>>
Blackstone Raises $11B for Regional PE Deals and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, private equity giant Blackstone raises an $11 billion war chest to buy companies in Asia, developers ESR and CK Asset obtain sustainability-linked loans, and demand for Hong Kong’s nano flats ebbs as home… Read More>>
US Court Approves Bankruptcy of Singapore’s EHT and More Asia Real Estate Headlines
Singapore’s Eagle Hospitality Trust leads the day’s headlines again, as a US court ruling promises to bring closure, if not cash, to investors in the defaulted hotel REIT.
Also in debt news today, China Evergrande is trying… Read More>>
Blackstone, ADIA Buying into India Housing Lender and More Asia Real Estate Headlines
A joint bet on India residential finance by the world’s largest real estate fund manager together with one of the biggest sovereign wealth funds leads today’s collection of real estate headlines from around the region, with troubled mainland… Read More>>
Keppel Land to Divest Nanjing Project for $274M and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore-based developer Keppel Land offloads a housing project in eastern China, Li Ka-shing’s CK Asset prepares to market luxury residences in Singapore’s Bukit Timah area, and Hong Kong’s Housing Authority struggles to sell… Read More>>
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