Grade A office rents in Hong Kong’s traditional business district experienced their largest quarterly drop in seven years according to a newly released report, as a slowing mainland China economy and ongoing protests dampened demand in the world’s priciest commercial… Read More>>
Kimberley Hotel in Hong Kong’s Tsim Sha Tsui Said to Receive HK$4.8B Offer
A four-star hotel in Hong Kong’s Tsim Sha Tsui district, which fell into receivership after its owner was tortured to death on the mainland has received an offer from an interested buyer, according to a report in the Hong Kong… Read More>>
Andy Cheung Resigns as COO of Hong Kong’s Link REIT
The chief operating officer of Link Asset Management has resigned after nearly ten years with the manager of Hong Kong’s Link REIT, according to a company announcement.
Andy Cheung Lee-ming’s departure from the Link REIT was revealed in an release… Read More>>
CBRE Said Fleeing Hong Kong’s Central for Pacific Place, Kowloon East
Property services firm CBRE is set to be the latest global corporation to flee Hong Kong’s Central district, as companies continue to question whether their businesses benefit from being in the world’s most expensive office location, according to a report… Read More>>
GuocoLand Adds S$800M Residential Site to Guoco Midtown Project in Singapore
GuocoLand is scaling up its S$2.4 billion ($1.73 billion) Guoco Midtown project by merging a S$800 million residential site acquired last month into the mixed-use development, according to a stock exchange announcement by the Singapore-listed developer.
The builder says it… Read More>>
UBS Names Hong Kong as Asia’s Riskiest City for Buying a Home
As if the possibility of getting tear gassed during a late night search for noodles isn’t enough, Hong Kong residents are now being warned by a Swiss bank that they need to worry about the value of their homes collapsing.
Angelo Gordon Buys SG Office Tower From Keppel REIT for S$548M
Less than one month after closing on $1.3 billion in fresh cash for its latest Asia real estate fund, US private equity firm has agreed to purchase an office complex in Singapore.
The New York based fund manager has signed… Read More>>
WeWork Formally Cancels IPO as Layoffs, Cost Cuts Loom
WeWork’s planned IPO won’t work, appears to be the decision of the shared office giant’s new leadership, which announced late Monday that the We Company was withdrawing its application for an initial public offering.
“We have decided to postpone our… Read More>>
PGIM Real Estate Achieves $447M First Close on Asia Core Fund
PGIM Real Estate has reached a first close of $447 million on its Asia Core Fund, according to an announcement by the asset management unit of US financial giant Prudential.
Seeded with a $290 million portfolio of four assets in… Read More>>
Keppel Buys Office Building in Shanghai’s Zhangjiang High Tech Park for RMB 493M
Keppel Land China, the mainland property arm of Keppel Corporation, has agreed to acquire a completed commercial property in Shanghai’s Zhangjiang High Tech Park for RMB 493 million ($69.23 million), according to an announcement by the Singapore-listed developer on Friday.
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