Hong Kong’s plummeting property values have provided Dash Living with an economical opportunity to expand its portfolio in the city, as the Rava Partners-backed rental residential operator picks up a Wan Chai district property at 70 percent off the 2019… Read More>>
Macquarie’s UI Boustead Targeting $700M Singapore IPO and More APAC Real Estate Headlines
Pricing for an upcoming Singapore REIT IPO leads today’s review of real estate news from around Asia Pacific as a Macquarie venture aims for a March listing, according to a Bloomberg report. Japan’s Mitsui OSK Lines also makes the list… Read More>>
Hong Kong’s Gale Well Loses $44M in Four Years on Sale of Floor in The Center
Four years of owning a floor in The Center, an office tower on Hong Kong’s Queen’s Road, has cost local investment firm Gale Well Group HK$343 million ($43.7 million), as commercial property values in the Asian financial hub remain in… Read More>>
Hong Kong Tycoon Drops Price for Beachfront Complex by 25% as Fire Sale Heats Up
Hong Kong’s Gale Well Group has slashed the price for a beach villa complex in the city’s Southern District by 25 percent over the past four months, as the financially-troubled property investment firm seeks to accelerate asset disposals.
The owner… Read More>>
New World $11B Refinancing Spooks Hong Kong Bankers and More Asia Real Estate Headlines
New World Development leads this edition of Mingtiandi’s headline roundup, with the Hong Kong heavyweight testing banker nerves with its high-wire act over an $11 billion loan refinancing. Also making the list, Singapore’s Perennial plans a new hospital in China… Read More>>
Office Floor in Hong Kong’s Admiralty District Sells for 17-Year Low
An office floor in Hong Kong’s Admiralty district has sold for a price not seen since the global financial crisis of 2008, as commercial property values in the Asian business hub continue to plummet.
Financially troubled property investor Gale Well… Read More>>
Hong Kong’s Gale Well Group Marketing $202M Portfolio as Founder Calls for a Time Out
Hong Kong-based property investment firm Gale Well Group in the last two months has put up for sale a set of properties worth around a combined HK$1.6 billion ($202 million), as the privately held company’s founder declares plans to take… Read More>>