A UK non-profit organisation has announced that the £1 billion ($1.2 billion) centrepiece of a scheme to regenerate London’s Greenwich Peninsula has been dropped by the Hong Kong-based company set up seven years ago by billionaire property tycoon Henry Cheng… Read More>>
Gaw Sees Opportunity in Hong Kong’s Office Sector and More Asia Real Estate Headlines
Hong Kong’s property market may be heading into a rare slide but one of the city’s best-known property investors has one word for opportunity seekers – offices. That ray of sunshine from Gaw Capital chief Goodwin Gaw leads our real… Read More>>
New World’s Henry Cheng Still in the Saddle and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, the chairman of property giant New World Development has shrugged off rumours of his imminent retirement, after the 71-year-old tycoon was said to have suffered a stroke. Also in the headlines, the city’s… Read More>>
Junson’s Cai Pegged as Buyer of HK$1.4B Peak House and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, billionaire Cai Kui, co-founder of Longfor Properties and owner of Hong Kong-based Junson Capital, is now believed to be the buyer of a luxury house in the exclusive Mount Nicholson area in the… Read More>>
Seven of Hong Kong’s Ten Richest People are Real Estate Developers and They Own Half the City
Seven of Hong Kong’s ten wealthiest people and almost half of the city’s top billionaires made their fortunes in real estate, according to the latest annual ranking of the city’s 50 richest people by Forbes.
Thanks to a roaring real… Read More>>
New World Keeps Shanghai Complex in the Family with $278M Sale
It’s been a long time since bargains were available in Shanghai’s property market, but a director of Hong Kong-listed New World Development just picked up a mixed-use project in the city’s Zhongshan Park area at an attractive price.
The property… Read More>>
Hong Kong’s New World Wins Guangzhou Site for $314M
New World Group is deepening its commitment to mainland China by paying RMB 2.09 billion ($314.1 million) to acquire a plot of land in the southern city of Guangzhou, where the top Hong Kong developer will build a 250,000 square… Read More>>
Adrian Cheng Promoted as New World Reports 31% Spurt in Net Profit
His grandfather passing just a few months ago and his father ill, heir apparent to the New World Development throne, Adrian Cheng Chi-Kong, led his first earnings briefing for the $54 billion Hong Kong real estate developer last week, reporting… Read More>>
GLP CEO Said Joining CIC Buyout Bid and More Asia Real Estate Headlines
The region is back to work this week after a long lunar new year break and the real estate stories are getting fast and furious once again. The mystery of which takeover bid for GLP was being backed by the… Read More>>
New World JV Bets $1.9 Bil on 4 Projects in Shenzhen’s Qianhai
Hong Kong’s New World Development has become the latest builder to bet big on the Shenzhen market following a record-breaking real estate run in China’s southernmost megacity.
The Hong Kong developer’s New World China Land subsidiary on Thursday successfully bid… Read More>>