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payson cha ming sou

HKRI Selling Sheung Wan Office Space for Record $96M

2017/09/06 by Greg Isaacson Leave a Comment

Developer Hong Kong Resorts International (HKRI) has sold the entire 22nd floor of China Merchants Tower in Hong Kong’s Shun Tak Centre for HK$750 million ($95.9 million). The transaction, which values the office space at nearly HK$31,000 ($3,962) per square… Read More>>

Shen Hua Bank of China

Bank of China Unit Bets $396M on Pets and Co-Working in Hong Kong

2017/09/05 by Greg Isaacson Leave a Comment

A unit of Bank of China is taking a bite out of Hong Kong’s commercial property sector, as it picks up three buildings for a total of HK$3.1 billion (US$396 million), including a co-working facility in Kwun Tong and a… Read More>>

Yu Liang China Vanke

Vanke, China Resources Buy New Shanghai Sites as City Sells $2B in Land

2017/09/05 by Greg Isaacson Leave a Comment

The suburbs of Shanghai saw nearly RMB 13.05 billion ($1.99 billion) of residential land change hands this past week, as the city seeks to boost new apartment supply to bring relief to its housing-hungry population.

The nearly two billion dollar… Read More>>

Chan Ming Hung Grand Ming

Hong Kong Builder Buys Kowloon Apartment Block From Yuexiu for $105M

2017/09/03 by Greg Isaacson Leave a Comment

A Hong Kong-listed construction company is buying a newly completed apartment building in Kowloon for HK$820 million ($104.8 million), from Guangzhou-based Yuexiu Property, even as Hong Kong’s housing market has begun to show signs of cooling over the summer.

Grand… Read More>>

Ang Wee Gee

Keppel Land CEO Resigns, Group Chairman Takes Helm

2017/09/03 by Michael Cole Leave a Comment

Keppel Corporation, one of Singapore’s largest conglomerates, today announced the departure of the CEO of its property subsidiary, Keppel Land, with no permanent successor in place to run the developer of landmark projects across Singapore, mainland China, Vietnam and other… Read More>>

Tang Shing Bor

Hong Kong Shop King’s Family Buys Wan Chai Hotel for $58M

2017/08/31 by Greg Isaacson Leave a Comment

Tang Shing-bor, known for his sprawling portfolio of retail shops, is continuing his drive to become one of Hong Kong’s leading hoteliers by purchasing the Hotel Bonaparte in Wan Chai for HK$450 million ($57.5 million).

Stan Group, a property company… Read More>>

China Home Prices

Mainland Developers Push Parking as Govt Dictates Home Prices

2017/08/31 by Greg Isaacson Leave a Comment

Beleaguered home buyers in China’s largest cities look like they’ve caught a break this year, as average housing prices in Beijing slid 0.1 percent in July and subsided by 0.2 percent in Shenzhen after growing more than 40 percent last… Read More>>

Kwik Fit UK

PAG Calls for Ouster of Spring REIT Manager on Conflicts of Interest

2017/08/31 by Greg Isaacson Leave a Comment

Spring REIT, a Hong Kong-listed real estate investment trust once focused on Beijing office assets has branched out into UK auto repair facilities, in a strategic pivot that has raised the ire of one of its biggest investors.

Alternative investment… Read More>>

Stephen Schwarzman Blackstone

Blackstone Hires Katsuyuki Kuki as Japan Chairman

2017/08/30 by Greg Isaacson Leave a Comment

Blackstone has hired Katsuyuki Kuki as Chairman and Representative Director for Japan, as the Manhattan-based private equity giant continues to ramp up its presence in the country.

In his new role, Kuki will support and advise on Blackstone’s investment and… Read More>>

Xu Jiayin Evergrande

Evergrande is China’s Latest Challenger to Disney With Plans for 15 Theme Parks

2017/08/29 by Greg Isaacson Leave a Comment

Less than two months after Dalian Wanda Group walked away from its ambitions to crush Disney in China’s theme park market, the country’s biggest developer has revealed a scheme to take on the Magic Kingdom with its own empire of… Read More>>

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