Asia real estate and outbound investment news
The operator of an A$3.6 billion ($2.3 billion) Brisbane casino project backed by Hong Kong heavyweights Chow Tai Fook Enterprises and Far East Consortium was found by an independent investigation to be unfit to run the controversial development.
A report… Read More>>
Guangzhou R&F Properties said Friday it is repurchasing the Vauxhall Square mixed-use project in south London from Hong Kong-based Far East Consortium. The buyback comes five months after the developer sold the undeveloped site at a 42 percent discount in… Read More>>
Hong Kong-listed Far East Consortium this past week bested eight competing bids to purchase a residential site in the city’s Sai Ying Pun area for HK$1.24 billion ($157.9 million) through a Urban Renewal Authority tender.
“The acquisition will provide the… Read More>>
In today’s roundup of regional news headlines, Guangzhou R&F’s shares plunge after the developer issues gloomy guidance, the boss of an Aussie casino operator steps down over a failure to stop malfeasance, and Shui On Land’s stock surges on sterling… Read More>>
Guangzhou R&F Properties looks set to pare back its collection of assets in London’s Nine Elms regeneration area, as the cash-strapped developer has agreed to sell its Vauxhall Square mixed-use project to Hong Kong-based Far East Consortium (FEC) for £95.7… Read More>>
In today’s roundup of regional news headlines, Shimao Group reportedly plans to repay an onshore bond coming due this weekend, Hong Kong’s Far East Consortium adds to its residential land holdings in the north of England, and China’s local government… Read More>>
Hong Kong-listed Far East Consortium has agreed to sell the commercial portion of a project on the former Kai Tak airstrip for a consideration of HK$3.38 billion ($433.3 million), just two weeks after joining with New World Development to acquire… Read More>>
Cash-strapped Kaisa Group is the latest mainland developer to offload assets in a scramble to repay debts, as the Shenzhen builder has now agreed to sell its half stake in a once-prized residential site on Hong Kong’s former Kai Tak… Read More>>
In today’s roundup of regional news headlines, cash-strapped China Evergrande adds a pair of jets to its asset clearance sale, banking giant Goldman Sachs makes a bet on mainland developers’ high-yield bonds, and Singapore’s condo resale prices continue their growth… Read More>>
Hong Kong-based Far East Consortium has sold a central Singapore apartment building at an 8 percent mark-up after acquiring the 10-storey property from US private equity giant Blackstone three years ago.
FEC offloaded 21 Anderson, a freehold apartment block in… Read More>>
