A house in southern Hong Kong island was sold recently for a record-high price of HK$180,000 ($22,985) per square foot, topping the list of Hong Kong’s most expensive homes ever purchased, according to a report in the city’s Apple Daily.
New $3B Softbank Investment Boosts WeWork Valuation to at Least $42B
American flexible working space provider WeWork on Tuesday announced that its largest shareholder, SoftBank, has committed another $3 billion to the company, boosting its valuation to at least $42 billion.
Softbank is investing in WeWork through a warrant that allows… Read More>>
GIC-CapitaLand JV Buying Shanghai Mixed-Use Project for $1.85B
Singapore’s CapitaLand announced on Tuesday that its Raffles City China Investment Partners III (RCCIP III) fund has formed a 50:50 joint venture with Singapore’s sovereign wealth fund GIC to acquire the Star Harbour International Center project (上海星外滩) project in Shanghai’s Hongkou… Read More>>
Swire Reaches 100% Occupancy at One Taikoo Place in Hong Kong
Hong Kong’s commercial centre of gravity may have just shifted a few MTR stops eastward as Swire Properties announced today that its latest office tower in Quarry Bay, One Taikoo Place, has now reached 100 percent occupancy.
Swire revealed that… Read More>>
CK Asset in Talks to Buy $920M London Project From Capco
Hong Kong billionaire property developer Li Ka-Shing’s CK Asset Holdings is in talks with a partner in a joint venture that owns Earls Court, a 3.4 million square foot (374,000 square meter) estate in west London to purchase a majority… Read More>>
District15 and Pamfleet Launch Kowloon Co-Living Project
Hong Kong real estate developer District15, together with private equity property firm Pamfleet, launched the Nate studio apartments in Tsim Sha Tsui on Friday, officially kicking off leasing of residential units in their first co-living project in Kowloon.
The sharing-economy… Read More>>
WeWork Opens Three More SG Locations Adding 2,500 Desks
Global flexible workspace provider WeWork on Wednesday announced that it has opened three new locations in Singapore’s city centre. The trio of new flexible office facilities brings the $20 billion space providers number of centres in the city-state to a… Read More>>
Partners Group in Talks to Buy Beijing Complex for RMB 5.7B
A consortium including Switzerland’s Partners Group is in talks to acquire a grade A commercial complex in Beijing for RMB 5.7 billion ($820 million), according to an account this week by Bloomberg.
The Swiss private equity firm is negotiating to… Read More>>
Exclusive: JLL Adds Veteran of Korea’s NPS to Asia Funds Team
JLL has brought on board a nearly-twenty-year veteran of the world’s third-largest public pension fund, as the international property consultancy continues to expand its Asia funds advisory unit.
Jayme Han has been appointed as executive director for Asia funds advisory… Read More>>
JD.Com Partners with Mainland Brokerage to Lease Homes Online
JD.com this week announced a partnership with one of China’s biggest housing brokers, 5i5j, to make it easier for the nearly 500,000 monthly visitors to China’s second largest ecommerce player to buy and lease homes online.
The two parties signed… Read More>>
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