Homebuyer confidence in Hong Kong’s residential market, which as recently as April had led experts including UBS to predict a bull run that would last at least another decade, is in a state of free fall, according to a Citibank… Read More>>
Aberdeen Standard Appoints Former Schroders Exec to Lead Japan Business
Aberdeen Standard Investments, the asset management arm of London-listed Standard Life Aberdeen, has named Ken Yajima as chief executive officer and representative director of its Japan business.
Based in Tokyo, the former Schroders executive Yajima succeeds Neil Slater, who has… Read More>>
IWG Rolls Out “McDonald’s-Style” Regus, Spaces Franchises in Hong Kong
While WeWork’s IPO fiasco continues to shake the co-working universe, the world’s largest serviced office provider has announced that it has begun making available franchise opportunities under its Regus and Spaces brands in Hong Kong.
IWG, which started operating flexible… Read More>>
SEA Holdings Buys Office Block in HK’s Central After Reported 35% Price Reduction
Hong Kong-listed SEA Holdings has acquired the majority of a 24-storey office building in the city’s Central district for HK$780 million ($99.53 million), with the sale reportedly taking place after the owners agreed to drop the price by more than… Read More>>
Colliers’ Asia Valuation and Advisory Chief David Faulkner Set to Retire
Colliers International’s head of international valuations and advisory services, David Faulkner, will retire after 16 years with the property services provider, according to an internal email seen by Mingtiandi.
In a message sent to Colliers’ staff, the company’s CEO for… Read More>>
OUE Sells Oakwood Apartments in SG to Far East Consortium-AMTD JV for S$289M
OUE has agreed to sell the hotel and serviced residence component of its OUE Downtown project, along with the associated business operations, to a pair of joint ventures between Far East Consortium and Hong Kong investment bank AMTD Group for… Read More>>
Colliers Boosts India Presence With Acquisition of Bangalore-Based Project Manager
Colliers International has acquired an eighty-percent controlling interest in Bangalore-based project management firm Synergy, with the management of the newly acquired firm set to take the helm of the real estate service provider’s India operation.
Through the acquisition, Toronto-headquartered Colliers… Read More>>
Greenland Group Pays RMB 2.35B to Buy Out Shanghai Retail JV
State-backed Greenland Group said it has taken full ownership of a suburban Shanghai shopping centre after paying RMB 2.35 billion ($33 million) to buy out its partner in the project.
Greenland Group acquired the 50 percent stake in that it… Read More>>
Lendlease Files for Singapore IPO of S$1.4B Commercial REIT
Lendlease has filed to list a commercial real estate investment trust on the main board of the Singapore stock exchange, according to a preliminary prospectus lodged and registered with the Monetary Authority of Singapore.
Including subscriptions from cornerstone… Read More>>
Chengdu Tycoon Revealed as Buyer of HK$1.1B Pair of Houses at Hong Kong’s Mount Nicholson
While the citizenry of Hong Kong has shown mixed feelings toward the adoption of China’s judicial system in recent weeks, the city’s property developers have had better results from selling luxury properties to mainland tycoons, with one real estate magnate… Read More>>
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