Korea continues to draw investor attention as OpenAI suggests an interest in the country’s data centre market after opening an office in Seoul, with that story leading today’s real estate headlines from around the region. Also in the news, an… Read More>>
Japan Hotel REIT Posts 72% Jump in Net Income and More Asia Real Estate Headlines
The benefits of Japan’s tourism boom lead today’s collection of real estate headlines from around the region, as the country’s largest hotel REIT reports some healthy returns. Also in the news, Richard Li’s FWD Insurance will hang its name on… Read More>>
Canada’s PSP Commits Up to $522M for Aussie Shed Fund and More Asia Real Estate Headlines
Canadians investing in Australia lead today’s review of real estate headlines from around Asia Pacific, as the Public Sector Pension Investment Board signs up for an industrial venture. Also making the list today is Korea’s NPS choosing value-add fund managers… Read More>>
Emperor International Shares Dive as Hong Kong Builder Reveals $2.1B in Overdue Loans
Shares of Emperor International, the Hong Kong-listed development subsidiary of Emperor Group, tumbled 11.8 percent Monday after the company’s annual results showed overdue loans totalling HK$16.6 billion ($2.1 billion).
Emperor International made the disclosure in a filing late Friday as… Read More>>
Emperor Group Consolidates Site for 62-Home Project in Hong Kong’s Sai Ying Pun
Emperor International, the listed development subsidiary of Emperor Group, has consolidated a project in Hong Kong’s Western district with plans to build 62 new homes in the Sai Ying Pun neighbourhood.
On Wednesday, Emperor agreed to acquire the space it… Read More>>
Hong Kong’s Emperor Group Approved to Buy Sai Ying Pun Site at 12% Discount
Hong Kong’s sliding property values are providing Emperor International, the listed development subsidiary of Emperor Group, with an opportunity to consolidate a Western district project at a 12.4 percent discount to 2021 pricing, according to a government decision late last… Read More>>
Emperor Entertainment Hotel Sells Hong Kong Serviced Apartment Block for $35.4M
Emperor Entertainment Hotel, the HKEX-listed hospitality arm of Hong Kong-based conglomerate Emperor Group, has agreed to sell a 57-unit serviced apartment block in Hong Kong’s Kennedy Town area for an agreed property value of HK$275 million ($35.4 million), after the… Read More>>
Asia Real Estate People in the News 2024-08-05
A senior move at one of the UK’s largest asset managers leads this week’s review of personnel changes around Asia’s real estate world as M&G adds to its Singapore-based team. Also making the list are top-level turnover at financial regulators… Read More>>
Hong Kong’s Emperor International Offloads Properties to Founder Yeung for $148M
Emperor International, the property development and investment arm of Hong Kong-based conglomerate Emperor Group, has agreed to sell a portfolio of retail, residential and industrial properties across Hong Kong to a vehicle controlled by Emperor Group founder and chairman Albert… Read More>>
Villa on Hong Kong’s Shouson Hill Sells for $63.7M
A luxury villa at the 15 Shouson development in Hong Kong Island’s Deep Water Bay has sold for HK$498.1 million ($63.7 million), breathing life into the ailing local housing market as the Year of the Dragon gets underway.
House 5… Read More>>